Hi all. Just another update on my rebuilding process. I was really bummed out yesterday when I signed up for Fico quarterly monitoring....again. My TU score came back at 738. I had disputed a Wells Fargo account a few months back, and the lates had disappeared from my TU report after I disputed, or so I thought. When I pulled my True credit TU report, they are not there, nada, nothing negative period. The "dispute" is also gone. When I pulled my myFico TU, the dreaded red flag appears on that account as a maximum 90 days in 12/05.
So today I pull my annualcreditreport.com from EQ and TU. Sure enough, that Wells Fargo is on both reports. So, as far as I know, I'm only showing clean on my EX according to Truecredit(unreliable?), and CreditSesame(no derogatory accounts showing this month, was showing lates(non-specific) last month. Anyhow, on to my topic. I have a Sam's Club store card, had it over five years now. Started with a low limit, don't remember how much. It graduated to a Discover card after one year, but both accounts were kept and reporting separately.
I ran up a big balance on my Discover, which had graduated to a $10K CL over that time. So I decided to transfer the balance to my CU Visa with a 6.75% apr. My credit union required me to close the Discover account in order to grant my total $15K limit, so no problem. In the meantime, my Sams Club card through (formerly) GEMB slowly grows to a $5600 CL. I have been getting automatic $500 increases every six months for the past two years. My April statement was due for the six month increase, but nothing happened. So I wait another month. May statement....no increase.
So, I begin to wonder if closing the Discover account(also formerly GEMB) now GECRB had somehow affected my credit line. Didn't think it would be a coincidence. So I go online to my account and I send a message to account services inquiring as to the stop in automatic CLI's. I get a response that they need to verify my income, so I must call in to request any increase. As you know, if you have a GE account, there is no LOVE button anymore, or it doesn't work anymore. I have Lowe's and Sams, neither on-line request works anymore. So today I decide to call GE about my Sam's card limit of $5600.
I tell the rep my story. She says that is very "odd", that they only review my account once a year, and that automatic six month increases were unusual? I told her that it was routine with GEMB, when it was GEMB. She asks what limit I would like to request. I had to think about it, so I decided to be ultra conservative and I told her that my previous increases were for $500, so I would request a total CL of $6100. She puts me on hold and I listen to elevator music for less than a minute. She comes back on and says that I have been approved for up to $10K, and how much would I like?!!
I told her that had been my limit with my Sam's Discover card that I had closed. She says that the Discover limits are higher because they are a credit card, and not a store card like the Sam's club card. I told her that $10K would be just fine.
She says congratulations and that my new limit was available immediately. Sure enough, I log back into my account and there it is. I now have a $10K Sam's club card. That's going to be awesome when it reports, my util. will love it. I have the balance down to $1200 now, will have it paid in one month.
So now I decide to pull the trigger on my Cabela's Visa. Account is two years old, perfect history, multiple payments, largest balance around $3100, but current statement is $0. No previous CLI requests. They tell you on-line that they will check your credit, I know it will be a hard pull, probably on EQ. I had to fill out a form with employment history, mortgage payment, and car payment, and "net" "take-home monthly pay". They ask for the amount you are requesting. I put $10K. I'm hoping to get that, or at least a counter offer.
My current limit is $3500 since I opened the account 4/10. They say thanks for the request, and they will let me know the results in 5-7 business days. I also got an e-mail with the same info. My current scores are in my siggy. Only one late(non credit card) account showing in 12/05. AAoA is over 8 years. Excellent credit mix. Current credit report revolving util. around 30%. Sorry for the rambling, this rebuilding stuff is complicated. Thanks everyone.
Huh?? Just checked Cabela's to see if my payment posted and my CL is back to $9100 again. Not sure what the deal is, but I'm not complaining. My balance is $0 now, and it says my available credit is $9100. Happy again.
Just pulled my Transunion report and Sam's Club already reported my new 10K CL, in the middle of my statement cycle! Thanks GE.