Has any one been successful with Recon w/Citi??

[tjones9234]

I was very sucessful going through the EO, after flat out denial!

[eddie84]

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@tjones9234 wrote:
I was very sucessful going through the EO, after flat out denial!

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+1.  The reason for denial was too many inquiries so I called the EO and got this nice lady who reviewed my app and gave me an initial CL of $5k.

[C6Guy]

Anyone else have stories to share? I was recently declined by Citi under their generic loan obligations are too high in relationship to income denial. (Which is very wrong) I've been a client with their banking branch for 7 years, have low cc utilization (under 10% across all cards) and was contacted by someone from their EO office in SD. So I'm crossing my fingers with what may happen.

[dodgerslv]

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@C6Guy wrote:
Anyone else have stories to share? I was recently declined by Citi under their generic loan obligations are too high in relationship to income denial. (Which is very wrong) I've been a client with their banking branch for 7 years, have low cc utilization (under 10% across all cards) and was contacted by someone from their EO office in SD. So I'm crossing my fingers with what may happen.

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do you have multiple installment loans (car loans, student loans, etc?) or mutliple mortgage loans/home equity line of credits? that could also play a factor in your DTI (debt to income ratio). If not then hopefully the EO will take a second look and reverse the decison...good luck!! keeping my fingers crossed for you buddy! and keep us updated.

[C6Guy]

Thanks for the response. I do have a few installment loans I technically have 3 different student loans for each year I borrowed in undergrad. Overall I owe 6K from an original of 9500 I just pay the minimum as it's one of my oldest account. I have my auto loan that I recently refinanced. I started at 32K paid down 9K in year and then refinanced so it's showing my credit report is showing a 23K with 21K left on the loan. I've never missed a payment on my installment loans, but I'm pretty sure the loan amount to what I owe is the main concern for them. I'm hoping I can leverage the 7 year banking history I have with them and the fact that chase approved me the same night. Hopefully the threat of loosing my banking relationship will help.

[cutemarty1]

Yes.  Mine took a couple of calls though.

First call was a flat out denial mentioning too many inq.  Score was 786 EX.  The next day tried again and this wonderful lady said she'll take a look. She mentioned she was a senior account executive (I asked if I could speak to a credit analyst).  Then I explained that the inquiries from mortgage shopping --- she mentioned that she can overrride the decision but she needs verficiation of my new residence since I just moved.  After sending them in, I called at 5 in the morning the next day to confirm receipt.  Another CSR got the call, veirfied the documents and gave me a recon decision for Citi American Airlines. 9.1k Limit.

[eagle2013]

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@cutemarty1 wrote:

Yes.  Mine took a couple of calls though.

First call was a flat out denial mentioning too many inq.  Score was 786 EX.  The next day tried again and this wonderful lady said she'll take a look. She mentioned she was a senior account executive (I asked if I could speak to a credit analyst).  Then I explained that the inquiries from mortgage shopping --- she mentioned that she can overrride the decision but she needs verficiation of my new residence since I just moved.  After sending them in, I called at 5 in the morning the next day to confirm receipt.  Another CSR got the call, veirfied the documents and gave me a recon decision for Citi American Airlines. 9.1k Limit.

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I haven't heard of the EO route, but it seems if you say your inqs are non-CC related (mortgage shopping, auto loans) that works very well on recon. A plus if you get a US-based CSR. 

[cutemarty1]

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@eagle2013 wrote:

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@cutemarty1 wrote:

Yes.  Mine took a couple of calls though.

First call was a flat out denial mentioning too many inq.  Score was 786 EX.  The next day tried again and this wonderful lady said she'll take a look. She mentioned she was a senior account executive (I asked if I could speak to a credit analyst).  Then I explained that the inquiries from mortgage shopping --- she mentioned that she can overrride the decision but she needs verficiation of my new residence since I just moved.  After sending them in, I called at 5 in the morning the next day to confirm receipt.  Another CSR got the call, veirfied the documents and gave me a recon decision for Citi American Airlines. 9.1k Limit.

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I haven't heard of the EO route, but it seems if you say your inqs are non-CC related (mortgage shopping, auto loans) that works very well on recon. A plus if you get a US-based CSR. 

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Yes.  The CSR are from India or the Philippines .    And they get ported back the US once you say account executive or credit anaylst.  And yes, I explained they were from Directv even though two were from Personal Loans with Lightstream and Discover plus Barclays Arrival