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Established Member
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
Established Contributor
Posts: 756
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
Posts: 906
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: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

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Mega Contributor
Posts: 15,453
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.



EQ FICO 548 3/3/16
Valued Contributor
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
Posts: 15,453
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.




EQ FICO 548 3/3/16
Established Contributor
Posts: 597
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
Posts: 364
Registered: ‎04-28-2012
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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! Smiley Tongue

TU: 760 (4/13/16) | EQ: 758 (6/1/15) | EX: 768 (2/17/16)

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Super Contributor
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
Posts: 906
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.


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

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