Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 930
Registered: ‎07-30-2011
0

Time to wait after ding to ask for CLI?

Back in 2006, I foolishly co-signed a 6-year auto loan for someone and they missed the very last payment on the account by 30 days.  The credit union absolutely refused to give me a GW adjustment no matter what I tried, so I have to live with it.  The ding is from March 2012 and I've been letting it age so I can move forward with my life, but now I'd like to request a CLI on my Bank of America 123 Cash Rewards Visa.  My limit hasn't changed in two years and while the limit was decent at the time I got it during rebuilding, it no longer fits my financial needs.

 

Does anybody know if they would grant the CLI even if the ding is less than a year old?


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Highlighted
Valued Contributor
Posts: 2,134
Registered: ‎06-16-2012
0

Re: Time to wait after ding to ask for CLI?

I would wait till the one year mark and then still you may have a chance at getting denied. I know BofA is HP 99% of the time. You may have to recon and just explain the situation and eventually grant you the increase or counteroffer.

gardening since 5/21/2016

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.