topic Re: New development in Discover CLI denial reasons in Credit Cards

New development in Discover CLI denial reasons

SouthJamaica — Sun, 26 Feb 2023 19:59:45 GMT

Historically, every time Discover has turned me down for a CLI it has been for the reason "insufficient experience with current limit".

A few days ago I got a totally different type of adverse action letter, giving 3 different reasons, 2 of which could only have been derived from trended data:

RECENT INQUIRY

HIGH BALANCE HISTORY ON BANKCARDS

INSUFFICIENT HISTORY OF DECREASE IN REVOLVING BALANCE

The score pulled was FICO 8, not the trended data FICO 10-T.

Re: New development in Discover CLI denial reasons

Hex — Sun, 26 Feb 2023 20:05:39 GMT

That's interesting. Is it possible they are calculating the data themselves using the monthly reports they provide?

Re: New development in Discover CLI denial reasons

SouthJamaica — Sun, 26 Feb 2023 20:11:02 GMT

@Hex wrote:
That's interesting. Is it possible they are calculating the data themselves using the monthly reports they provide?

I guess they must be.

Re: New development in Discover CLI denial reasons

Kforce — Sun, 26 Feb 2023 20:13:39 GMT

Possibilities:

1) Using Fico10-T, old unchanged "Pulled Fico 8 wording".

2) They are generating random reasons.

3) Reasons from your Discover card history / use ?

Interesting data point.

Curious if others get new reasons.

Call to all Discover card users, time to check for CL increase.

We want to know!

Re: New development in Discover CLI denial reasons

Hex — Sun, 26 Feb 2023 20:14:48 GMT

I mean not necessarily pulling 10T but instead kind of engineering their own verson.

Re: New development in Discover CLI denial reasons

SouthJamaica — Sun, 26 Feb 2023 20:21:26 GMT

@Kforce wrote:
Possibilities:
1) Using Fico10-T, old unchanged "Pulled Fico 8 wording".

The score they referenced was definitly FICO 8, not 10-T.

2) They are generating random reasons.

Not likely because all 3 were legitimate reasons.

3) Reasons from your Discover card history / use ?

Unlikely, because my Discover balances are moderate and have been getting paid down aggressively.

Interesting data point.
Curious if others get new reasons.

Call to all Discover card users, time to check for CL increase.
We want to know!

That would be great

Re: New development in Discover CLI denial reasons

SouthJamaica — Sun, 26 Feb 2023 20:19:12 GMT

@Hex wrote:
I mean not necessarily pulling 10T but instead kind of engineering their own verson.

Yes I do think that's very possible. They may have just developed their own internal score which uses trended data.

Re: New development in Discover CLI denial reasons

OmarGB9 — Sun, 26 Feb 2023 20:24:42 GMT

Interesting development indeed. Thanks for the DPs.

Re: New development in Discover CLI denial reasons

Remedios — Sun, 26 Feb 2023 20:28:18 GMT

I'm not sure where the mystery is..

When Disco does SP, they get entire report. In the account, FICO Credit Scorecard >Utilization, you'll see raw number (balances).

Three lines of code to keep track, they don't need to pull TD, they already have it

Re: New development in Discover CLI denial reasons

Brian_Earl_Spilner — Sun, 26 Feb 2023 21:50:10 GMT

@Hex wrote:
That's interesting. Is it possible they are calculating the data themselves using the monthly reports they provide?

Yes they are, and they're not the only ones prior to trended reports. I've received denial letters from disco, cap1, and NFCU referencing performance over a period of time. Disco and NFCU both reference 12 months. So, they appear to track at least a rolling 12 month period. Cap1 wasn't specific about time, but it was obvious they were talking about an account with another lender.

Re: New development in Discover CLI denial reasons

Zoostation1 — Mon, 27 Feb 2023 00:52:20 GMT

Very interesting...I don't have much to add though on the reason listed since all my denied CLI requests have been the insufficient experience with current limit reasing. I have noticed though that Discover handles the high balance (or on some reports labeled high historical balance) differently though. My Capital One cards show the highest posted balance since account opening in that field, while my Discover shows the highest of my reported statement balances rather than the highest posted balance. Can't speak for my Amex as it isn't showing as reported yet.

Re: New development in Discover CLI denial reasons

SweetCreditObsession — Mon, 27 Feb 2023 22:04:02 GMT

Very interesting. I'll check my reasons on the denial letters when they come.

Re: New development in Discover CLI denial reasons

MT64 — Mon, 27 Feb 2023 20:32:14 GMT

Curious what your score was when they pulled it and what was your Discover balance at the time / how many months might have you been at ultra low utilization?