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The typical Barclays cld

Senior Contributor

Re: The typical Barclays cld

Could also imagine that DTI is more a reason to CLD than util alone. Also new accounts and low AAoA could play a role. 

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....Last HP 01 NOV 2016...............
Message 11 of 30
Super Contributor

Re: The typical Barclays cld

I would recommend you pay down most of that debt ASAP.

Are you making only minimum payments? Another reason why Barclays AA you is because you seem to be juggling debt around rather than to pay it off. That's a possibility.

Also, what's your current Barclays balance at? Do you have any maxed out cards?
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 12 of 30
Established Member

Re: The typical Barclays cld

That is true.... im just under 8k.... but after the 2500 I moved falls off i will be back down to 5500.

 

1100 of that is on my barclays for my interest free computer. 

 

The rest thats left is that 2500 and then a 1700 dollar personal loan combined into a balance transfer. 

 

She said its because my credit card debt went from about 4k when i opened my credit card with them to 8k now..... thats when i told her that I had some falling off due to the balance transfer..... 

 

It definitely should have nothing to do with DTI because I am under 20% on DTI now. 

 

And to everyone else.... yes its 33% overall that she said caused the trigger

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
Message 13 of 30
Established Member

Re: The typical Barclays cld

And I am paying way over the minimums .... I pay about 400-600 dollars a month torward it..... Most of it is very short term stuff....

 

 

Like buy something and pay if off after 2-3 months

 

I think its stupid.... 

 

Really out of 25000 dollars in open credit..... you think reducing me by 500 really helps protect you.

 

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
Message 14 of 30
Super Contributor

Re: The typical Barclays cld

Reducing you by 500 does protect them from their perspective. That's a 25% reduction in potential liability. From what it seems it looks like they are, or at least were, balance chasing you.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 15 of 30
Established Member

Re: The typical Barclays cld

If they do decrese me again .... they can consider their account closed. 

 

 

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
Message 16 of 30
Super Contributor

Re: The typical Barclays cld

If they do decrease you again, they are intending to have the account closed. Once the balance is paid off they will close the account out if they are indeed balance chasing you. That's the purpose of balance chasing. It's to limit their liabilities bit by bit over time.

Reason why lenders don't close accounts outright usually is because people tend to get mad and all emotional when that happens, and sometimes refuse to repay their debt as a result.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 17 of 30
Super Contributor

Re: The typical Barclays cld


R3DLINE wrote:

If they do decrese me again .... they can consider their account closed. 

 

 


Yes, that's probably what you should do.  And, of course, that is also fine by them, so it's not a threat!

Message 18 of 30
Established Member

Re: The typical Barclays cld

And if thats the way they want it... so be it. 

 

Its my newest card so that would suck a little..... but o well

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
Message 19 of 30
Super Contributor

Re: The typical Barclays cld

It's best to just put aside emotions whenever AA happens. From what you said it seems that you are still in control of your debt. Just focus on lowering utilization altogether for now to avoid spooking other lenders off.

It does suck they chose to do this. Since this has become a somewhat unpleasant business relationship, its best to focus on the other remaining ones that you have.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 20 of 30