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Contributor
Posts: 88
Registered: ‎07-06-2008
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orchard bank question..need you input

Hello all,

 

1. I got some questions for you all and i need some imput pleaseSmiley Happy. I have a orchard bank account opened in oct 2008.The limit on the card is $820 and the balance is $743, now with the recent Cli changes i wanted to call in and get a Cli. Is the balance on the account  going to be a problem? should i paid that off first?. I never missed a payment on this card, i started with 320 dollars. credit score is in mid 600s.,dti around 60/40. Should i wait until i pay of the balance then call? 

 

 

Established Contributor
Posts: 768
Registered: ‎04-08-2011
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Re: orchard bank question..need you input

Paying it down or paying it completely will help with your CLI consideration Smiley Very Happy


Starting Score (08/11/11): TU08: 643
Current Score: TU08: 741
Goal Score: Stay in the 700s; keep reports clean


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Contributor
Posts: 88
Registered: ‎07-06-2008
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Re: orchard bank question..need you input

do they base the Cli on the balance of the acct or on the score and dti?

Frequent Contributor
Posts: 411
Registered: ‎05-01-2010
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Re: orchard bank question..need you input


flo23 wrote:

do they base the Cli on the balance of the acct or on the score and dti?


They base the CLI on everything on your account and credit reports. The lower the balance you have and the better your score and DTI, the better chance you get a CLI and the higher it could be.

Contributor
Posts: 88
Registered: ‎07-06-2008
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Re: orchard bank question..need you input

So i couldn't wait no more and i made the call.lol.. they just asked me for my income and they he said i was approved for $200 dollar limit from from 820 to $1020. I had TU/EQ frozen only experian is open, so will see if a inquiry will show up on exp beacause he wasn't able to tell me if it was a soft or a hard pull.

Contributor
Posts: 118
Registered: ‎07-26-2011
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Re: orchard bank question..need you input

CONGRATS! 

May I ask if you called the back door number or the number on the card? 


Starting Score: 08/01/2009 584
Current Score: 08/01/2011 EQ 684 EX (Lender Pull) 702 TU 712
Goal Score: 780+


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Contributor
Posts: 88
Registered: ‎07-06-2008
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Re: orchard bank question..need you input

Thanks, i called the number on the back of the card

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Contributor
Posts: 88
Registered: ‎07-06-2008
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Re: orchard bank question..need you input

Checked all 3 CR and they only pulled a soft and got $ 200 increase not bad..
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