topic Re: Credit Limit Increase question with frozen credit? in Credit Cards

Credit Limit Increase question with frozen credit?

87e30 — Sat, 09 Jun 2012 13:34:48 GMT

Do I need to unfreeze my credit, if I am going to request for credit line increase? My cards are BOA, CITI, and AMX.

Re: Credit Limit Increase question with frozen credit?

variableResistor — Sat, 09 Jun 2012 14:05:01 GMT

"A security freeze generally does not apply to circumstances in which you have an existing account relationship and a copy of your report is requested by your existing creditor or its agents or affiliates for certain types of account review, collection, fraud control or similar activities."

http://www.experian.com/consumer/security_freeze.html

Re: Credit Limit Increase question with frozen credit?

Creditaddict — Sat, 09 Jun 2012 14:38:26 GMT

@variableResistor wrote:
"A security freeze generally does not apply to circumstances in which you have an existing account relationship and a copy of your report is requested by your existing creditor or its agents or affiliates for certain types of account review, collection, fraud control or similar activities."
http://www.experian.com/consumer/security_freeze.html

Okay so I just went through this and yes and no I agree with statement above (and I realize this statement is even what underwriters seem to think at the banks.

I have Walmart so I get the Free TU Fico.... Frozen reports I was seeming to receive those still, however upon doing a CLI on some of my GE accounts I was finding that I was receiving letters for the denial and showing a 60-90 day old score and report. But also I had Lowes and did get a CLI while reports frozen. But with GE if you want to have an underwriter pull a "New" soft and manually review for CLI you have to unlock TU from freeze before they can do it or it won't let them access it.

I removed my freeze a couple weeks ago because 1 I was looking for cars and 2. I passed by the 4 month and now 6 month mark on mnay of my GE cards and I did not receive 1 AUTO CLI and GE is kind of well known for at least 1 Auto CLI at the 2-6 month time frame.

Re: Credit Limit Increase question with frozen credit?

LS2982 — Sat, 09 Jun 2012 21:50:22 GMT

You can't get CLI's with creditors if they're looking to HP and your file is frozen. GE will rely on their periodic SP's they do if you ask for cli and file is frozen. In most cases you will need to lift the freeze.

Re: Credit Limit Increase question with frozen credit?

Revelate — Sun, 10 Jun 2012 02:10:59 GMT

Any creditor which generally requires a HP is unavailable for a CLI with frozen reports. Amex on their revolvers, are typically SP's and out of the list you posted, I believe that to be the only lender which does SP CLI's with any sort of frequency.