topic Re: Marvel CL decrease in Credit Cards

Marvel CL decrease

ecxpa — Sun, 24 Sep 2017 16:03:47 GMT

Just got notice my Marvel card CL has been decreased from 5K to a little over 1K........should I just close the card or keep it and try to rebuild the CL. I have used it sparingly over the past 6-8 mos

Re: Marvel CL decrease

BronzeTrader — Sun, 24 Sep 2017 16:32:28 GMT

@ecxpa wrote:
Just got notice my Marvel card CL has been decreased from 5K to a little over 1K........should I just close the card or keep it and try to rebuild the CL. I have used it sparingly over the past 6-8 mos

Need more data point. If you still use it, then just keep it. I assume there is no AF.

Re: Marvel CL decrease

ecxpa — Sun, 24 Sep 2017 16:42:50 GMT

I guess my question is.......do my other creditors see a CLD as "bad"

Re: Marvel CL decrease

BronzeTrader — Sun, 24 Sep 2017 18:38:04 GMT

@ecxpa wrote:
I guess my question is.......do my other creditors see a CLD as "bad"

No, no one cares really as long as you pay your bills. And do not burn the banks....

Re: Marvel CL decrease

Aahz — Sun, 24 Sep 2017 20:23:18 GMT

@ecxpa wrote:
I guess my question is.......do my other creditors see a CLD as "bad"

No, other banks are unlikely to see the CLD as bad. More importantly, closing the card won't "hide" the CLD from view. It will still be on your reports for the next 10 years.

However, the important question is WHY did they CLD you? If they saw underlying probems in your credit report, then other creditors will see those same issues as well.

Re: Marvel CL decrease

ecxpa — Sun, 24 Sep 2017 21:03:40 GMT

@Aahz wrote:
@ecxpa wrote:
I guess my question is.......do my other creditors see a CLD as "bad"
No, other banks are unlikely to see the CLD as bad. More importantly, closing the card won't "hide" the CLD from view. It will still be on your reports for the next 10 years.

However, the important question is WHY did they CLD you? If they saw underlying probems in your credit report, then other creditors will see those same issues as well.

not aware of any problems, no baddies in 3+ years, util now 1-2%, income good, EQ 754, TU 774, Ex769 on MYFICO..........hope Synchrony doesn't start acting like Comenity does from time to time and start closing cards. I have Ebates, PayPal, Sams Club, Lowes, and Amazon along with a couple of store cards with them.......only thing I could figure is low usage.

Re: Marvel CL decrease

Anonymous — Sun, 24 Sep 2017 21:16:20 GMT

@ecxpa wrote:
@Aahz wrote:
@ecxpa wrote:
I guess my question is.......do my other creditors see a CLD as "bad"
No, other banks are unlikely to see the CLD as bad. More importantly, closing the card won't "hide" the CLD from view. It will still be on your reports for the next 10 years.

However, the important question is WHY did they CLD you? If they saw underlying probems in your credit report, then other creditors will see those same issues as well.
not aware of any problems, no baddies in 3+ years, util now 1-2%, income good, EQ 754, TU 774, Ex769 on MYFICO..........hope Synchrony doesn't start acting like Comenity does from time to time and start closing cards. I have Ebates, PayPal, Sams Club, Lowes, and Amazon along with a couple of store cards with them.......only thing I could figure is low usage.

That's a lot of cards with one creditor. What was your overall limit with them prior to the CLDs?

Re: Marvel CL decrease

UncleB — Sun, 24 Sep 2017 22:10:16 GMT

If it were me I would double-check my TU to make sure something hadn't just recently showed up... in the past that's often the case when Synch does a CLD. Speaking from personal experience, my own Synchrony CLD years ago was also the result of 'additions' to my TU (I had never been late with Synch).

Of course things could simply be changing with Synch... that happens, too. It might just be a exposure issue.

Best of luck in either case.

Re: Marvel CL decrease

ecxpa — Mon, 25 Sep 2017 00:12:35 GMT

...........

That's a lot of cards with one creditor. What was your overall limit with them prior to the CLDs?

I have about, 70K with synchrony mostly Visa/MC.....but I am diversified, Chase, NFCU, Pen-Fed, US Bank, USA, Cit.........not gonna worry about losing this CL. Will just wait and see.

Re: Marvel CL decrease

ecxpa — Mon, 25 Sep 2017 01:20:55 GMT

WEIRD!!!!!!.....logged onto my acct again and just for thr heck of it asked for CLI and they put me back to 5K

Re: Marvel CL decrease

Anonymous — Mon, 25 Sep 2017 01:37:49 GMT

Ummmmm

When you received "notice", was it a letter or email? Or did you just happen to look at your account online?

Re: Marvel CL decrease

ecxpa — Mon, 25 Sep 2017 02:18:46 GMT

@Justagirl73 wrote:
Ummmmm

When you received "notice", was it a letter or email? Or did you just happen to look at your account online?

email alert from MyFico that there was a "change in account" or something like that...........logged onto my Marvel Acct and my CL had been reduced to a little over 1K

Re: Marvel CL decrease

Anonymous — Thu, 07 Dec 2017 04:53:39 GMT

@ecxpa wrote:
@Aahz wrote:
@ecxpa wrote:
I guess my question is.......do my other creditors see a CLD as "bad"
No, other banks are unlikely to see the CLD as bad. More importantly, closing the card won't "hide" the CLD from view. It will still be on your reports for the next 10 years.

However, the important question is WHY did they CLD you? If they saw underlying probems in your credit report, then other creditors will see those same issues as well.
not aware of any problems, no baddies in 3+ years, util now 1-2%, income good, EQ 754, TU 774, Ex769 on MYFICO..........hope Synchrony doesn't start acting like Comenity does from time to time and start closing cards. I have Ebates, PayPal, Sams Club, Lowes, and Amazon along with a couple of store cards with them.......only thing I could figure is low usage.

THIS...or inactivity.

Re: Marvel CL decrease

Anonymous — Thu, 07 Dec 2017 13:04:08 GMT

Strange events. Synchrony can be strange though. Good luck.