No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
haulingthescoreup, as a moderator, you should call Kohl's Media Relations, and ask them the question. I'm sure you could get a proper answer from them.
Please direct any questions about Kohl's Media Relations to:
Phone: (262) 703-1335
Either that, or they were using a FICO score and saying, in effect, "If you need it, you can't have it."
Apologies if that sounds cynical, but I have seen perfect-history players have their lines reduced by 90% for no reason at all in the recent past.
M
@Anonymous wrote:Either that, or they were using a FICO score and saying, in effect, "If you need it, you can't have it."
In the CSR story, it was a reasonable CLI request, and it's been reported that Kohl's has acknowledged they are using the Vantage score, so I don't think it was a BS don't-expect-an-approval response.
However, I agree there have been many other cases where CSRs have told customers they need unbelievably high scores for CLIs. A common situation is when someone initially qualifies for an AmEx card with a 650-700 score, then gets a CLD (usually for no apparent reason). Then, when they ask to have their CL restored to just what it was originally, they are told they need to wait 6 months and will need to have a 750 or 800 score for the CLI to be approved. I don't understand why the CSR can't just tell the customer "no, it will never happen" instead of feeding them a snobbish line of "you're not good enough" BS ...
gotcha - just read that in your info areas - What the heck does EX think they are doing?
it just seems weird - what is their reasoning? will they make more money this way?
Outrageous! How is a person supposed to negotiate a better rate with their lender when you are missing one of the scores? And, is there nothing we can do? Picket at Experian's headquarters... wherever that is. This was my first time getting my scores, and I can't even see them all!! ARGH!
EQ 790 TU 770
My advice: forget Experian, and stockpile cash. In a liquidation economy, cash is king. Oh, there are still places too snooty to take my cash because my credit score is hosed, but they'll come around once the economy goes down another couple notches. I tried to rent an apartment and they turned their noses up at me, but I found another place by using some connections...and cold, hard cash. I figure if I build six months to a year of reliable rental history, I can go back to the place I actually wanted, and tell them that for all that time they could have been getting paid, but they thought they were too good for my money. By then they may be getting pretty hungry...
The era where credit dominates commerce is drawing to a close. Oh, credit will probably survive, but at a much lower level, and far less accessibly. Once all the fiat money the government is using to prop up the banks dries up, we'll go back to a cash economy. 20% down will get you a house, regardless of FICO score. Other consumer goods, like cars, you'll pay cash for. Since all the fake money will be pulled out of the system, look for prices to keep falling. There were a lot of baubles that were seriously overpriced because hordes of shoppers with plastic were chasing them. That's close to being done with. Ditto for homes costing eight or nine years of wages rather than the four or five that's the historical norm. The rest of that was fiat money.
So I say let Experian keep their super-secret scores. I've got no skin in the credit game anymore. By 2019 (which is when my credit score will recover from the judgment going onto it), I figure my standing with my neighbors and community will count for far more than the opinion of whatever, if anything, is left of Experian.