topic Re: Why will no one give me CLI in Credit Cards

Why will no one give me CLI

DR527 — Sun, 17 Feb 2019 20:50:10 GMT

Ok, Without sounding like a spoiled brat. Why will no one give me a credit line increase. At first I thought I was just being paranoid. But now I am wondering if there is something up?

I have many (6) CC, that have all stayed at the SL. Despite making on time payments and keeping my balance low(all but 1 card actually has a balance on it). I read post on here all the time about luv buttons and automated CLI's. I have a Amazon Chase card I opened up in 05/2017. SL of $500. Its still at $500! I have never missed a payment or even been late on this card. I called Chase last week out of anger, after reading a post about someone who got a big CLI after 91 days?!?! The Rep told me flat out she had no idea why I never received a CLI. And that she was going to be emailing someone who would look into it and send me a letter in the mail.

You can copy and paste that same conversation and outcome to Capital One. Opened in 06/2016 SL of $300. Still $300??? Kohl's opened 06/2016 SL $300 Still $300. Etc. Now the fact that all of those cards wont give me a CLI are mostly just annoying. Its my Costco Citi Visa that I really care about getting the Cli on. Opened in 07/2018 fairly new. SL $4000. I decided to just used this card as my daily CC. So I would like a higher balance. Last month my wife and I spent $8500 on the card and carried over a $300 balance. This month we are on track to spend the same.

I read a post in the beginning of the month on here the Citi was a soft pull. So I tried for CLI. NO GO, I got a message saying that my overall credit card balances were too high compared to the limits??? I thought that's weird because I don't have a balance on any other Card?? So I waiting until my new FICO report to post. And tried again last Monday, and got the same message. So I called Citi to find out if someone could just look at my new report. NOPE!!!! This is a big NO from Citi bank. After passing me around to five different people who all said CITI WONT DO THAT!!! The last guy said to wait until today. Because my account statement date was yesterday. Which is why I writing this post and asking, WHY WILL NO ONE GIVE ME A CLI? I got a denied today and the message said this?

Your credit report shows your balances on your revolving accounts are too high in relation to those credit lines.
You have paid a low portion of your lifetime charges on one or more of your accounts with us.

I have no balance on my other lines!!! And I have no idea what to do with this second reason. I have only this one account with Citi. And my Uti is normally around 15%-20%? Or is this saying I don't have enough time in with Citi yet for a increase? Because people on here are always posting about CLI after 91 days from them. Can someone please tell me what up?

I been reading on here lately about freezing your accounts? Not entirely sure whats that about. Could I have accidentally done that? Or is that something a card company can do? But why can I still apply for Credit?

<Mod note: Edited to insert paragraph breaks for ease-of-reading. --UB>

Re: Why will no one give me CLI

Gmood1 — Sun, 17 Feb 2019 17:29:56 GMT

Do you know your FICO scores DR527?

Also , normally Citi's CLIs are at 181 days from the last or when the account was opened. You should be in that time frame now..correct?

You can request a CLI from Citi and go the HP route. If you do, asked for what you want, not what you think they'll approve. If you want $30K, asked for it!

Re: Why will no one give me CLI

DR527 — Sun, 17 Feb 2019 17:32:30 GMT

FiCO scores as of today EQ 674 TU 663 Ex 662

Re: Why will no one give me CLI

Anonymous — Sun, 17 Feb 2019 17:32:33 GMT

Hey,

It also depends on your income, I mean, if nothing has chaged form when you first applied to these cards, they could not give you a CLI.

Re: Why will no one give me CLI

DR527 — Sun, 17 Feb 2019 17:39:14 GMT

From my rebuild(2016) to now my income has doubled. Also is that normal? Do people who receive luv button and automated increases. Report higher income once they recevied their cards? I thought it only had something to do with spending and payments.

Re: Why will no one give me CLI

Gmood1 — Sun, 17 Feb 2019 17:41:32 GMT

@DR527 wrote:
FiCO scores as of today EQ 674 TU 663 Ex 662

Any reason why your scores are in the mid 600's? How old is your oldest account? Do you have a mortgage or installment loan, such as an auto loan? You posted while I was typing. lol

Re: Why will no one give me CLI

Remedios — Sun, 17 Feb 2019 17:44:03 GMT

@Gmood1 wrote:
@DR527 wrote:
FiCO scores as of today EQ 674 TU 663 Ex 662
Any reason why your scores are in the mid 600's? How old is your oldest account? Do you have a mortgage or installment loan, such as an auto loan? You posted while I was typing. lol

OP mentioned rebuild. I'd imagine there must be derogs present

Re: Why will no one give me CLI

xaximus — Sun, 17 Feb 2019 17:46:35 GMT

Your scores for a rebuild since 2016 seem a bit low. Do you have any baddies? Any COs? Something is holding your score down and that's the culprit.

Re: Why will no one give me CLI

Anonymous — Sun, 17 Feb 2019 17:47:22 GMT

There are no guarantees that you will ever get CLIs especially auto CLIs. I'm going to guess at this one because I couldn't gather very much info about your overall profile.

1) Your CLs are on the lower side for one reason or another. In a previous post last month, you said you have 31 inquiries. Many creditors would deem this as "aggressive credit seeking behavior" and would be reluctant to give you more.

2) It sounds like you have a mostly younger profile. How many accounts have you opened up in the last 24 months?

3) Do you have any negatives on your reports? It doesn't matter how old, do you have any?

Re: Why will no one give me CLI

Anonymous — Sun, 17 Feb 2019 17:51:03 GMT

@Remedios wrote:
@Gmood1 wrote:
@DR527 wrote:
FiCO scores as of today EQ 674 TU 663 Ex 662
Any reason why your scores are in the mid 600's? How old is your oldest account? Do you have a mortgage or installment loan, such as an auto loan? You posted while I was typing. lol

OP mentioned rebuild. I'd imagine there must be derogs present

I must be a slow typer. The word rebuild wasn't in the conversation when I typed my previous post.

Re: Why will no one give me CLI

AverageJoesCredit — Sun, 17 Feb 2019 17:55:20 GMT

As to Citi, not everyone will receive cli or every 6 months. Im heading into year 3 on my DC and even with sp language , i can't get any cli. Income plays a role as does overall exposure which i believe is my holding back factor. Chase is well known for giving a sl they deem you worthy of and sticking to it. Auto luv is rare despite what you read here. $500 with Chase is just getting in barely.

Re: Why will no one give me CLI

DR527 — Sun, 17 Feb 2019 18:01:30 GMT

No mortgage. Lots of late payments, most are 4 years old. But time since most recent late payment is March of last year. So the end of next month would make a full year of on time payments. And a few CO's. Most recent is from 2015. I have a ton of HP's and I know they are keep my scores down. That's why I wanted to only go with Soft pull Cli . I have 32 HP's right now. September 1st 28 of them will fall off. Oldest account is 11yrs 4m. AAoA 5yrs 8m. I have seven installment loans 4 student loans. 2 car loans and 1 personal loan. I just opened the personal loan up for this past Christmas. I paid it off last Friday. But since showing active.

Re: Why will no one give me CLI

Anonymous — Sun, 17 Feb 2019 18:10:29 GMT

@DR527 wrote:
No mortgage. Lots of late payments, most are 4 years old. But time since most recent late payment is March of last year. So the end of next month would make a full year of on time payments. And a few CO's. Most recent is from 2015. I have a ton of HP's and I know they are keep my scores down. That's why I wanted to only go with Soft pull Cli . I have 32 HP's right now. September 1st 28 of them will fall off. Oldest account is 11yrs 4m. AAoA 5yrs 8m. I have seven installment loans 4 student loans. 2 car loans and 1 personal loan. I just opened the personal loan up for this past Christmas. I paid it off last Friday. But since showing active.

DR527,

I think we have an answer to the original question. Also, a late payment of less than 1 year is still very recent in a creditor's eyes. I think what you need is some time.

Re: Why will no one give me CLI

DR527 — Sun, 17 Feb 2019 18:18:49 GMT

I had the other cards for whole lot longer and never moved up from my SL. And then Citi gave me the card when I had about 22 HP's on my report. Why now would a increase be out of the question? Also when having less HP's bring my scores much higher then they already are? I know they are keeping me down I just assumed by maybe 8-10 points across the board. Would see a big jump in scores when they are all off?

Re: Why will no one give me CLI

Gmood1 — Sun, 17 Feb 2019 18:22:14 GMT

@DR527 wrote:
I had the other cards for whole lot longer and never moved up from my SL. And then Citi gave me the card when I had about 22 HP's on my report. Why now would a increase be out of the question? Also when having less HP's bring my scores much higher then they already are? I know they are keeping me down I just assumed by maybe 8-10 points across the board. Would see a big jump in scores when they are all off?

HPs don't hold much weight with approvals IME. What's holding you back are the recent lates. In another 12 months, a totally of 24 months. You'll have an easier time getting those CLI's. So don't stress over it right now as it won't make a difference. Try your best not to have any more lates or the process will start all back over again.

Re: Why will no one give me CLI

Anonymous — Sun, 17 Feb 2019 18:25:47 GMT

It might help if you look at the situation this way: Credit is not a requirement, but a privilege. It’s a privilege extended to those that have shown they will be able to meet their obligations (pay back what they borrow). This isn’t a put-down on you, but based on your history, these lenders have already taken a risk extending credit to you since in the past (for whatever reason), you haven’t met your obligations. Be happy with what they’ve extended so far.

Build some history and the story will change. 1 year post derog isn’t even close to adequate history in the credit world.

Re: Why will no one give me CLI

xaximus — Sun, 17 Feb 2019 19:50:31 GMT

Have you tried removing/paying off the COs? That is something that you can work on. The lates, unless they are incorrect, only time can fix those. 30 Day lates generally impact for around 2 years. 60/90/120 day lates will impact for the full 7 years. I would recommend working on the COs and have them off your report, so that any lender will only see the late payments and nothing else. Also, with each CO taken off your reports, that'll give you a few point boost across the board.

Re: Why will no one give me CLI

CreditInspired — Sun, 17 Feb 2019 20:17:26 GMT

@Anonymous wrote:
@DR527 wrote:
No mortgage. Lots of late payments, most are 4 years old. But time since most recent late payment is March of last year. So the end of next month would make a full year of on time payments. And a few CO's. Most recent is from 2015. I have a ton of HP's and I know they are keep my scores down. That's why I wanted to only go with Soft pull Cli . I have 32 HP's right now. September 1st 28 of them will fall off. Oldest account is 11yrs 4m. AAoA 5yrs 8m. I have seven installment loans 4 student loans. 2 car loans and 1 personal loan. I just opened the personal loan up for this past Christmas. I paid it off last Friday. But since showing active.
DR527,

I think we have an answer to the original question. Also, a late payment of less than 1 year is still very recent in a creditor's eyes. I think what you need is some time.

You hit the nail on the head @overmedicated. The answer lies within.

@DR527, it really is a good time to go to the garden and IMHO, I think it should be for 24 months.

Re: Why will no one give me CLI

DR527 — Sun, 17 Feb 2019 20:53:02 GMT

I understand, but I still don't get it. LOL Why send me the message about high limits? Or why would Chase not see that Citi is willing to lend me more and readjust. But you guys are right, I will continue to make on time payments and allow my HP to fall down to zero. And see about goodwill some more of these old baddies. Thanks.

Re: Why will no one give me CLI

AverageJoesCredit — Sun, 17 Feb 2019 21:08:38 GMT

Wow, 24 of your 32 hps fall off in Sept? That will be huge. Try not to app until then, your profile will look alot nicer in October