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12-06-2012 07:09 AM
I have opened all of my credit cards since August of this year and they are all in good standing and all are pif each month. I do let a balance hit and then I pay it off immediately. My Ulti right now is at 5%. I called GE after having my credit cards with them for less than a month and got a small cli on all 3 (did'nt have the Sams Discover at the time). I only got a small increase because that is all I asked for. I called back in November about getting another cli on my walmart card so I could take advantage of the 0% interest for Christmas. They turned me down and told me when I got the letter I could call them back. Ok, so I got the letter a few days ago and it said they could not do it because of several new accounts being opened in a short period of time, no current installment loans (I have a paid perfect mortgage & car loan that have been pif and closed for several years) and too many cards with balances. So I called them back this morning and told the csr what happened and she pulled my credit again. She said that they are unable to do it at this time and a letter would be sent. She said for me to get the letter, fix the problems and then call back for an increase. I told her that is what I am doing now and she said she could not tell me why but that it is not for the same reasons as last time. I freaked out a bit and pulled all 3 credit reports to make sure nothing was wrong and everything looks fine. My score is rising and everything is showing as pif and on time. I can understand about all the accounts I opened around the same time but I can't understand the other reasons they are saying and why they keep telling me to call back and then I get the same answer.
Am I messing up by letting a balance hit on my cards even though I pay them in full the very next day? Does everything need to show a 0 balance before asking for a cli? My score is going up so all is well....I just think I am missing something. I see others getting cli's with GE every couple of weeks and I know everyone's story is different, I just want to make sure I am doing this the right way. I am rebuilding credit because I have not had any credit for years.....been paying cash/debit for everything. I only have 1 baddie from 2008 and it was from a vet's office for 95.00 and I disputed it back in January....just disputed it again this morning. I paid in full at each time of service to the collection is 100% invalid.
12-06-2012 07:12 AM
Sorry....I forgot to add that GE has preapproved me for some of their other cards and I have declined them so I think it's weird they won't bump my cl but will give me other cards.
12-06-2012 07:13 AM
Three thing would fix the problem:
Hope it help"
12-06-2012 07:17 AM
Three thing would fix the problem:
- Call back door number.
- Only let one card report balance with less than 9%.
- Used your GE card and show them some activity.
Hope it help"
I did call the backdoor number....I keep getting the same csr.....lol
I use the heck out of my GE cards....in fact, my walmart card is the most used and I have a 0 balance on it now
I'm thinking I may need to do the "One card balance" thing. I didn't think I needed to if I had no intention of applying for credit but I am thinking that goes for cli's as well. I was just letting balances show to show that I am using the cards and paying them all in full.
12-06-2012 07:29 AM
12-06-2012 07:33 AM
Maybe your exposure with them is enough for now to them.
Do you mean as far as how much they have given me in credit from all 4 cards together? Like maybe, they only give a person so much credit as a whole?
12-06-2012 07:34 AM
same happened to me, I have had walmart for 3 years in august, and im at 1500 and rarely asked for a credit limit increase. I have a zero balance and asked for an increase and a recon and got denied both times,lol credit score in 660s with 23 percent util. Hang in there!!!
12-06-2012 07:36 AM
12-06-2012 07:41 AM
The reason will likely be 'not enough experience at your current credit limit'
12-06-2012 07:49 AM
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