10-10-2012 07:07 PM
Questions for all the smart and savvy members...
I have been patiently waiting to do a CLI blitz on all my accounts.
Right now as of last night my scores are;
FICO EQ is at 714, with 20% UTL(with 2 HP in 12 months)
FICO TU is at 704 and UTL is also 22%(with 2 HP in 12 months),
EX is at 725(from Experian) with 4 HP in 12 months.
I have timed everything almost perfect so UTL on all my CR's will be less than 7% in the next two days or so.
I have never done CLI via phone or via links/luv buttons on my accounts or any recon either, I do my best not to speak with CSR's.
Whether it is via online or over the phone with a CSR when they do a soft pull are they doing the soft pull (or in worst case hard pull) right at the moment when you request the CLI or does there system rely upon the data the last time the account was reviewed.
My income is a tad over 100k and no lates ever. Oldest account 16yrs. AAoA is 4 yrs 6 months.
I never had a mortgage loan, the owner carried my loan(only 65k) and paid that off a few years ago.
I hope this makes sense.
Thank you all, I appreciate it....
10-10-2012 07:39 PM
My main suggestion is that you wait until your next reporting period. Paying your balances down to 7% tomorrow won't change how your credit reports look. Based on your history (assuming you've mentioned everything), your scores will jump into the mid 700s if you have 7% utility reporting.
For Chase, try calling Executive Customer Service. They're, from what I understand, the only ones who can authorize a soft-pull, customer initiated CLI.
Discover will give a soft pull CLI if they can and you ask for it. If they can't, they'll offer to try a hard pull to see if they can approve you.
I'm not familiar with Citi's practices.
10-10-2012 07:56 PM
Thank you for the reply.
What I am saying is in the next two or so day the new and reduced balances will report to the CR's. I paid them last week before due date, and statements are cut yesterday on two accounts and one account tomorrow.
Of course I will check CR prior to doing the CLI.
10-10-2012 08:07 PM
10-10-2012 08:11 PM
I think you should use the backdoor numbers available on this site. Sometimes underwriting departs are able to authorize SP only increases. Or they may have some tricks to make it a SP. With US Bank, anything under 1500 on a prime card in good standing is a SP.
If you are willing to take some HP's. The backdoor numbers will result in the largest line increases.
If you don't have the time to deal with it, just use the online options for increases and see what happens. Go in priority order, request CLI's on accounts you most want them first. Just in case HP's occur that will help.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.