Reason for barclay CLI denial

[Anonymous]

I got the letter for my denial when I went my CLI spree.
Barclay said they were unable to grant the request due to "high amount of credit available from other accounts". Then on the back they lists what's adversely affecting my credit score which I know. But what does their denial reason mean? I don't have any other accounts with them.....

[Anonymous]

It's probably about your total amount of available credit with all lenders (or "exposure"). Higher exposure means higher risk for the lender. Barlcays tends to dislike people that have lots of available credit with other lenders, and for your specific profile, they have determined that you have too much. Sorry to hear.

[Anonymous]

Oh okay. Good to know. That's a very interesting denial because I don't have a lot of credit available to me compared to others, barely $9K. Oh well. Thank you for the explanation.

[Anonymous]

I think it may be the available credit in comparison with your scores, which are a bit low. Sorry to hear about the denial. Once your scores come up a bit I am sure they will have a different answer! Try again in 4-6 months. Keep up the good work with your credit and keep trying!