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Established Member
R3DLINE
Posts: 41
Registered: ‎05-16-2013
0

The typical Barclays cld

Decreased my line from 2000 to 1500

Reason being my util spiked to 33% for 8 days while I wait for the bureaus to update because I did a balance transfer in the last month.
It was at about 20% before so a 13% increase for a month makes me shake my head at reason for this.

O well. Card is at 0% for a year and then will get sock drw'd. Called credit dept and they said they tend to do this at over 25% util

ECU: 7000 (6.25% Fixed) -- Chase Freedom: 3000 (19.99%) -- Citi Dividend: 3000 (13.25%) -- Amex: 2000 (?% promo 0%) -- UWCU: 2.5k (11.45%) -- Barclay Apple: 1500 (Will never use again) -- Paypal: 2.6k (Use for promo 0% only) -- Cap 1: 2000 (Sock drw. 22.99%) -- Cap 1: 2000 (sock drw. 19.99%)

ECU auto loan (2.99% for 72 months on 2013 Dodge Avenger V6)
Senior in school for Civil Engineering

Scores: TU: 713 EQ: ? EX: 698
Frequent Contributor
jeffery581
Posts: 373
Registered: ‎03-26-2010
0

Re: The typical Barclays cld

barclays cld you because of 33% utilization?

 

 

thats just stupid and nuts. why give a cl and act nervous when someone uses it.

 

 

if barclays tries this funny business with me ill tell them i dont need them and good bye

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Established Contributor
Simply827
Posts: 741
Registered: ‎10-15-2012
0

Re: The typical Barclays cld

That's terrible

 

33% overall or just on their card?


Starting Score: 515
Current Score: EQ 689 EX 703 TU 707
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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: The typical Barclays cld

Im thinking 33% overall. I have a little under 80% on my barclaycard no AA.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011
0

Re: The typical Barclays cld

Weird, I used damn near 95% of my limit and paid it the next month and no AA here either.  OP what was your overall util?


LS2982 wrote:
Im thinking 33% overall. I have a little under 80% on my barclaycard no AA.

 


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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: The typical Barclays cld


Rhaeny wrote:

Weird, I used damn near 95% of my limit and paid it the next month and no AA here either.  OP what was your overall util?


LS2982 wrote:
Im thinking 33% overall. I have a little under 80% on my barclaycard no AA.

 


I dont think Barclays gets spooked on util. on their card more than they do overall utiil.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
EaglesFan2006
Posts: 549
Registered: ‎01-31-2008
0

Re: The typical Barclays cld


LS2982 wrote:

Rhaeny wrote:

Weird, I used damn near 95% of my limit and paid it the next month and no AA here either.  OP what was your overall util?


LS2982 wrote:
Im thinking 33% overall. I have a little under 80% on my barclaycard no AA.

 


I dont think Barclays gets spooked on util. on their card more than they do overall utiil.


That's crazy...AA at over 25% util?  That can't be right, could it? 

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Frequent Contributor
isoldmyatlas
Posts: 345
Registered: ‎04-28-2012
0

Re: The typical Barclays cld

Every time I start thinking that the Arrival might be a good card for me down the line, I read something like this and am reminded why I don't bother with them - too much drama! :smileytongue:

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Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: The typical Barclays cld

More so than focusing on just the percentage, what is the dollar amount of the debt?

For example if your income is 100k, total CL you is 100k, and your utilization is at 33%, which means your credit card debt is 33,000. That's a lot of money owed solely due to credit card debts relative to your income.

Also, what is your DTI? Your DTI probably went above their threshold and spooked them off.
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Established Contributor
Simply827
Posts: 741
Registered: ‎10-15-2012
0

Re: The typical Barclays cld


enharu wrote:
More so than focusing on just the percentage, what is the dollar amount of the debt?

For example if your income is 100k, total CL you is 100k, and your utilization is at 33%, which means your credit card debt is 33,000. That's a lot of money owed solely due to credit card debts relative to your income.

Also, what is your DTI? Your DTI probably went above their threshold and spooked them off.

Based on his sig he's a student and has about $8200/$25000 on his cards and has a relatively new car loan. If he has a typical student income, I can see how $8200 might spook a lender.


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