topic Re: orchard bank question..need you input in Credit Cards

orchard bank question..need you input

Anonymous — Fri, 23 Sep 2011 05:12:32 GMT

Hello all,

1. I got some questions for you all and i need some imput please. I have a orchard bank account opened in oct 2008.The limit on the card is $820 and the balance is $743, now with the recent Cli changes i wanted to call in and get a Cli. Is the balance on the account going to be a problem? should i paid that off first?. I never missed a payment on this card, i started with 320 dollars. credit score is in mid 600s.,dti around 60/40. Should i wait until i pay of the balance then call?

Re: orchard bank question..need you input

Guava — Fri, 23 Sep 2011 05:21:08 GMT

Paying it down or paying it completely will help with your CLI consideration

Re: orchard bank question..need you input

Anonymous — Fri, 23 Sep 2011 05:39:09 GMT

do they base the Cli on the balance of the acct or on the score and dti?

Re: orchard bank question..need you input

Anonymous — Fri, 23 Sep 2011 12:42:30 GMT

@Anonymous wrote:
do they base the Cli on the balance of the acct or on the score and dti?

They base the CLI on everything on your account and credit reports. The lower the balance you have and the better your score and DTI, the better chance you get a CLI and the higher it could be.

Re: orchard bank question..need you input

Anonymous — Fri, 23 Sep 2011 18:01:59 GMT

So i couldn't wait no more and i made the call.lol.. they just asked me for my income and they he said i was approved for $200 dollar limit from from 820 to $1020. I had TU/EQ frozen only experian is open, so will see if a inquiry will show up on exp beacause he wasn't able to tell me if it was a soft or a hard pull.

Re: orchard bank question..need you input

Anonymous — Fri, 23 Sep 2011 18:06:44 GMT

CONGRATS!

May I ask if you called the back door number or the number on the card?

Re: orchard bank question..need you input

Anonymous — Fri, 23 Sep 2011 18:11:13 GMT

Thanks, i called the number on the back of the card

Re: orchard bank question..need you input

Anonymous — Sat, 24 Sep 2011 04:56:09 GMT

Checked all 3 CR and they only pulled a soft and got $ 200 increase not bad..