Established Contributor
modernsurrender
Posts: 805
Registered: ‎02-01-2008
Re: Discover: ANY collection makes CLI a nonstarter?

Based on my experience I don't believe that it's impossible to get a CLI from Discover with charge offs on your reports (although I can't speak for CC charge offs specifically).  I got approved for Discover More on 4/23/12 with a starting limit of $1000 and several 5+ year old charge offs/collections (including CC charge offs) on my account.  I immediately BT'd $900 to the card and paid it off over the course of 4 months (about $250 at a time except for the last one) and then I let the card sit.

 

On 10/24 I noticed a CLI, only of $300 - but still it was done without my request and without a hard pull so I can't complain.  At the time I still had (and still have) one paid CO and 2 collections reporting - all of which are due off in less than 2 years.

 

So I can't say why they're being so difficult with you, but I can say that it's not impossible to get a CLI with COs/collections on your current report.  Good luck!

 

The only thing I can think of, is that at the time of the CLI, none of my derogs were actually related to revolving credit.  The Paid CO is related to the Dept of Edu. (was less than $500) and the collections are cell phone and apartment related ($1000 total) - so maybe the Capital One CO is the issue?

Start 2/2008: TU 495 || EX 539 || EQ 528
Now 5/2013: TU 716 || EX ??? || EQ 702

Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL
(2 derogs to go until I'm squeaky clean in 2014!)