topic Re: Macy's CLI Declined in Credit Card Applications

Macy's CLI Declined

Anonymous — Mon, 14 Sep 2015 04:14:11 GMT

So I decided to request a CLI on my Macy's account. It was declined due to.. "Total credit obligations whhen compared to Total income"..
Can someone translate this for me and is this recon-able??

Thanks!!

Re: Macy's CLI Declined

Anomalous — Mon, 14 Sep 2015 04:20:14 GMT

Sounds like DTI (debt to income ratio) factor. Not sure about recons with Macy's. I have no experience to share. Hopefully someone else will chime in.

Re: Macy's CLI Declined

Anonymous — Mon, 14 Sep 2015 04:23:12 GMT

Your debt to income ratio is what they are most likely referring to. All lenders vary as to what they consider an acceptable DTI ratio. As an example, if you gross $5k per month, but your credit report shows you have $2800 in monthly obligations, you would be considered high risk, due to being at 56% DTI. And that is considering gross income, not what you bring home. Just an example, of course.

Re: Macy's CLI Declined

Anonymous — Mon, 14 Sep 2015 04:40:31 GMT

It sounded like DTI to me. I only have a balance on 3 CC overall UTI is less than 10%.. What I'm thinking is that i recently refinanced my vehicle and both loans are showing on my TU CR, my original loan hasn't updated PIF.

Re: Macy's CLI Declined

Anonymous — Mon, 14 Sep 2015 04:47:55 GMT

@Anonymous wrote:
It sounded like DTI to me. I only have a balance on 3 CC overall UTI is less than 10%.. What I'm thinking is that i recently refinanced my vehicle and both loans are showing on my TU CR, my original loan hasn't updated PIF.

That would make sense. Until everything updates, it looks on paper like you have more debt / payments than you really do. I'd let everything update, then try it again.

Re: Macy's CLI Declined

Anonymous — Mon, 14 Sep 2015 13:12:30 GMT

@Anonymous wrote:
So I decided to request a CLI on my Macy's account. It was declined due to.. "Total credit obligations whhen compared to Total income"..
Can someone translate this for me and is this recon-able??

Thanks!!

Macy's does not recon. And it is your DTI as every one is stating.

Re: Macy's CLI Declined

taxi818 — Mon, 14 Sep 2015 20:57:02 GMT

Yep. Dti meaning with your currently balances compared to your income. The balances or obligation you owe is too high. no big deal. hopefully it was not a hp.

Re: Macy's CLI Declined

Anonymous — Mon, 14 Sep 2015 21:02:31 GMT

Thanks everyone I called to confirm it was DTI. Its not to crazy of a reason, but unfortunately a HP. I did call but they didn't want to review.. Oh well..