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Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
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Re: Quite the Chase Surprise . . CLD

This is why i always let a balance post every 3 months in every card i got. They gave me credit so the least thing i can do is let them make some dollars out of me by letting them charge me interest in that balance.
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Crashem
Posts: 3,096
Registered: ‎01-26-2012
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Re: Quite the Chase Surprise . . CLD


jsickz32 wrote:
This is why i always let a balance post every 3 months in every card i got. They gave me credit so the least thing i can do is let them make some dollars out of me by letting them charge me interest in that balance.
They make money from transaction fees. No need to pay interest if not needed.
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Valued Contributor
Crashem
Posts: 3,096
Registered: ‎01-26-2012
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Re: Quite the Chase Surprise . . CLD

Something is obviously going on with OPs credit. It can't be bad luck that two different creditors CLD. OP, have you pulled from all credit reports? Also, look on them to see when they last soft pulled you and see what they might have seen then. Obviously the soft pulls triggered the CLDs.
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
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Re: Quite the Chase Surprise . . CLD


jsickz32 wrote:
This is why i always let a balance post every 3 months in every card i got. They gave me credit so the least thing i can do is let them make some dollars out of me by letting them charge me interest in that balance.

I've got 20 bucks I can lend you so that you can pay me $25 back.

 

They are making their money on swipe fees, don't lose money on carrying balances.

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EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

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Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
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Re: Quite the Chase Surprise . . CLD

@crashem still i rather pay 4 dollars of interest than them lowering my cl cuz they they dont think i need it.
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
Crashem
Posts: 3,096
Registered: ‎01-26-2012
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Re: Quite the Chase Surprise . . CLD


jsickz32 wrote:
@crashem still i rather pay 4 dollars of interest than them lowering my cl cuz they they dont think i need it.
I doubt a small running balance will prevent cld vs pif and same use. Never had a card cld me unless there was no use.
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Established Contributor
n777ua
Posts: 573
Registered: ‎05-29-2011
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Re: Quite the Chase Surprise . . CLD

Hey everyone

 

Just got off the phone with a credit analyst.  CLD'd for two main reasons, excessive inq's (we've been mortgage shopping) and I guess they were freaked by a $15k personal loan that DW took out a couple of months ago.  Credit analyst confirmed there have been no lates on these accounts, or any accounts on the reports.  Analyst was friendly, but firm that the CLD's will remain at this time and will probably stay that way for 12-18 months.  I tried pushing a little but they wouldn't budge.  I asked if the CL's would be decreased further and was told "anything is possible"  

 

FICO's between 700-715 all three pulled this morning by myself.

 

*shrugs* I feel kinda stupid now, I've been touting how great Chase has been to us for the past year; guess I'll be having some crow for dinner tonight.  

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,
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Jake0215
Posts: 260
Registered: ‎11-10-2011
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Re: Quite the Chase Surprise . . CLD


n777ua wrote:

Hey everyone

 

Just got off the phone with a credit analyst.  CLD'd for two main reasons, excessive inq's (we've been mortgage shopping) and I guess they were freaked by a $15k personal loan that DW took out a couple of months ago.  Credit analyst confirmed there have been no lates on these accounts, or any accounts on the reports.  Analyst was friendly, but firm that the CLD's will remain at this time and will probably stay that way for 12-18 months.  I tried pushing a little but they wouldn't budge.  I asked if the CL's would be decreased further and was told "anything is possible"  

 

FICO's between 700-715 all three pulled this morning by myself.

 

*shrugs* I feel kinda stupid now, I've been touting how great Chase has been to us for the past year; guess I'll be having some crow for dinner tonight.  


how many inq's did chase deem excessive?


Starting Score: 617 EQ 10-17-11
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
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Re: Quite the Chase Surprise . . CLD


n777ua wrote:

 

FICO's between 700-715 all three pulled this morning by myself.

 


All three?

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Established Contributor
n777ua
Posts: 573
Registered: ‎05-29-2011
0

Re: Quite the Chase Surprise . . CLD



how many inq's did chase deem excessive?


8 over 6 wks

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,

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