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Regular Contributor
thatdoodjohn
Posts: 153
Registered: ‎07-01-2008
0

What happens when you go over your CL?

I maxed out my 5k Discover and right now I am at $-9.00

 

I definitely screwed up big time. Will Discover close my account for good or punish me because I maxed it out? :smileysad:

Frequent Contributor
ocheosa
Posts: 372
Registered: ‎06-15-2007
0

Re: What happens when you go over your CL?

[ Edited ]

thatdoodjohn wrote:

I maxed out my 5k Discover and right now I am at $-9.00

 

I definitely screwed up big time. Will Discover close my account for good or punish me because I maxed it out? :smileysad:


Can you make an immediate payment? It's usually pretty slow to update online. I would call customer service, have them expedite a payment to account and apologize. I made an error, used the wrong card...whatever.  Make sure to pay enough to cushion OTL fee (if customer service cannot waive it).

 

Geez...now is not the time....especially having a large balance subject to a rate jack. Nor a good time for maxing out accounts. Any balance above 60% CL imho is not positive. Be careful and good luck!

 

Message Edited by ocheosa on 06-12-2009 11:47 PM
01/04/10 TU 778 EQ 731
08/05/09 TU 762 EQ 722
02/12/09 TU 722 EQ 704 EX 690
EQ sensitive to inqs & student loan.
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: What happens when you go over your CL?

Score-wise, you'll take a significant hit, maybe about 20 points or so on top of whatever damage you had from utilization. However, once the lower balance reports, you will fully recover.


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