Re: Tested my GE Holiday theory with Lowe's CLI!
11-17-2012 02:28 PM
Good theory -- automatic increases may have a more lenient strategy considering the volume of business conducted; however, the underwriting criteria is the same. :-) It would be unfair lending to approve differently simply because of the holidays. Remember -- most increases are going to be approved or declined on the basis of the amount requested, usually 1.5 x to 2 x the current credit limit are not going to have much of a pushback. That is, of course, considering no recent or current delinquency good utilization, and fairly solid recent history on all unsecured and revolving lines.
I'm fairly certain that if I simply used the online CLI button I would be denied because I have not had my cards long enough. I used Walmart only once for a printer, and I have not used Lowe's at all.....
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