05-03-2011 03:25 PM
So I applied for a $1000 CL increase and was denied. I called for a explanation and they said my DTI was too high.... I calculated my DTI and it's 18% including my mortage.. without my mortage it's 4.8%
What's an ideal DTI for a CL increase these days?
05-03-2011 03:37 PM
What does DTI stand for? Sorry, I'm just trying to learn all these acros.
Don't have much insight on your question but it could be because of your mortg? Maybe also just an excuse and the real reason is unknown. Did you try calling a back door number instead? I have had luck recently with calling until I have decided the person who answered sounded like they loved their job and would maybe be interested in helping me instead of getting me the same ol' run around.
05-03-2011 03:52 PM
I'm rather new here (been stalking the forums for about ~5 months) and don't have any personal exp with your question but I would probably say it is the DTI. They probably want to see less then 15% DTI for a CLI.
Try calling the backdoor and tell us how it goes.
Probably better off waiting for a better reply then mine. I just wanted to share my thoughts.
05-03-2011 05:50 PM
Don't worry too much about what Citi says; 2 weeks ago they told me my CREDIT LINES were too high for my income! Doesn't matter that my DTI was around 15%...they aren't right now...
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO