will you call for recon?

[TrishN]

barclaycard sent me a letter.

1 : Low access to credit

2 : High debt obligation 35%

3 : Lack of banking relationship .

Credit score 690. income 85K

if you call ask for recon. what will you tell them?

[mauve]

I would, if I wanted the card. I've never done it, but I think I'd ask them what the "low access to credit" part means. I'm trying to decide if I'm going to recon with Capital One on their recent denial of a CLI, but I'm thinking maybe I'll wait a week because my utilization is going to drop from 50% to below 25% when my cards report this week.

[enharu]

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@TrishN wrote:

barclaycard sent me a letter.

1 : Low access to credit

2 : High debt obligation 35%

3 : Lack of banking relationship .

Credit score 690. income 85K

if you call ask for recon. what will you tell them?

---

i have no idea what low access to credit means. do you only have 1 card? is the credit limit really low? they might be saying there is insufficient data (credit lines given to you) to judge whether you're high or low risk.

if you pay down your balances, that will help with your utilization. you can explain to them you pay in full (if u do), or make more than just minimum payment and you have no issues paying back debt due to your income.

and explain the reason why you're applying for a card with them is to establish banking relationship. got to start somewhere with them somehow......and tell them it's hard to open a savings/checkings with them when they're non-existent in many parts of the US.

[kimmiller112]

Yes, you should recon.  You took the hard pull for it.  Call the backdoor number listed under the credit card section of this forum.

[09Lexie]

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@kimmiller112 wrote:

Yes, you should recon.  You took the hard pull for it.  Call the backdoor number listed under the credit card section of this forum.

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+1

I recon everything...even CLI.  

[TrishN]

I have about 12 CC .Lower 1 now is Walmart 600. And 2 CC 4k CL, and couple 2k CL. I do PIF by auto payment online right at due day.And I do have a BOA business CC 18k limit,AMEX business 8k limit. I don't know what I going to tell them about low access, I look like a dumb on this.

[youngandcreditwrthy]

I'd recon.
I went from denied to approved with a 676 TU FICO.
Wound up with a $6500 Travelocity Amex :-)