topic Re: GE CLI Question and other Questions in Credit Cards

GE CLI Question and other Questions

staifokuzed — Tue, 23 Apr 2013 03:18:39 GMT

Hello all. I am looking for some advice. First is I jumped the gun for a GE payplal CLI. I requested one prior to my 4th statement cut Declined. Then I requested another after the statement cut. They were about two week apart. Both times I was told not eligable. I checked all my reports for SP and the most current pull was 3/27 on TU. Which was prior to me event requesting CLI.

My question is when should I ask for another increase? I was thinking to just wait till 6th cut. When do you think would be a good time to ask at this point?

Also while I have you guys here might as well ask away but first provide you with so info.

Applied Bank 500 (secured) 08/2012

matrix discover 300 (secured) 08/2012

Victoria 750 12/2012

Paypal 1000 12/2012

Barclay 1000 12/2012

FMC 16757.00 01/2013 (loan amount)

Citi 17300 05/2008

Home Dep 5001 05/2009

Lots of Inquires! Many are from august 2013. FIrst auto purchase attempt.

I want to close both the secured cards. Should I wait? Or do it now? I am a little worried about AA from Barcly. I am In the garden and have received silver today. I plan to stay for a long time. Even if I AA from Barclays. Say if I close Applied bank and Matrix and the unforunate event happens and I get AA. Do you think that I have enough to remain in the garden for a year possibly 2.

Thank you for your insight and wisdom.

Re: Advice please!!!

LS2982 — Mon, 22 Apr 2013 22:36:33 GMT

@staifokuzed wrote:
Hello all. I am looking for some advice. First is I jumped the gun for a GE payplal CLI. I requested one prior to my 4th statement cut Declined. Then I requested another after the statement cut. They were about two week apart. Both times I was told not eligable. I checked all my reports for SP and the most current pull was 3/27 on TU. Which was prior to me event requesting CLI.

My question is when should I ask for another increase? I was thinking to just wait till 6th cut. When do you think would be a good time to ask at this point?

Also while I have you guys here might as well ask away but first provide you with so info.

Applied Bank   500 (secured) 08/2012
matrix discover 300 (secured) 08/2012
Victoria             750                  12/2012
Paypal             1000                  12/2012
Barclay            1000                  12/2012
FMC               16757.00             01/2013     (loan amount)

              AU
Citi               17300                    05/2008
Home Dep     5001                    05/2009

Lots of Inquires!   Many are from august 2013. FIrst auto purchase attempt.

I want to close both the secured cards. Should I wait? Or do it now? I am a little worried about AA from Barcly. I am In the garden and have received silver today. I plan to stay for a long time. Even if I AA from Barclays. Say if I close Applied bank and Matrix and the unforunate event happens and I get AA. Do you think that I have enough to remain in the garden for a year possibly 2.

Thank you for your insight and wisdom.

-What is your overall util??

-Did you get your decline letter in the mail??

Re: Advice please!!!

staifokuzed — Mon, 22 Apr 2013 22:52:16 GMT

Still waiting for the second. Overall utility is little over 28%. Citi has a balance of 4300. First letter said to new( along those lines) derogatory information, inquiries. I don't remember details. I shredded it. I also have been using it heavily. 400-800/ month. Not reporting all but some. Mostly 50-100. One month it reported 0. Also the baddie is a big old judgement 4 years old. Only baddie on any report.

Re: Advice please!!!

staifokuzed — Tue, 23 Apr 2013 03:19:49 GMT

I made a Mistake my utility is 18%.

Re: GE CLI Question and other Questions

Anonymous — Tue, 23 Apr 2013 03:24:06 GMT

Are you calling credit solutions or using the luv button?

Re: GE CLI Question and other Questions

LS2982 — Tue, 23 Apr 2013 03:28:49 GMT

I think your TLs may be too new for their liking. I would give it another shot in 4 months this time calling credit solutions.

Re: GE CLI Question and other Questions

staifokuzed — Tue, 23 Apr 2013 03:35:51 GMT

The luv button. And I was thinking it would be a good idea to call credit solutions. Any one know which number would be best? Also I was thinking 6 months but your suggestion for total of 8 months sounds good. Maybe they will auto luv while I wait.

edit 6th statement cut. Not 6 months from now.

Re: GE CLI Question and other Questions

Anonymous — Tue, 23 Apr 2013 04:08:43 GMT

Credit Solutions 877-379-8173

Best of luck

Re: GE CLI Question and other Questions

staifokuzed — Sat, 27 Apr 2013 15:17:09 GMT

Update! I got the letter denial letter today.
Derogatory/collection filed
Length of time accounts have been established
To few account currently paid as agreed ( only baddie is judgment)
proportion of loan balances to loan amount is too high

Transunion score 663

Now what is strange the score section is dated for February 7 2013. But when i checked sorts i was last pulled March 27. I requested the increase and letter is dated April 21.

On February 7 I would not of made my first car payment by then. It updates around the 21st. So the balance would be for the full 16757 and not the 16036 that is reporting now. Any one have any clue as to why the used such an old score. That would have to be the lowest point. Fresh score drops all the way around.

Now you guys think that even another 4 months will be enough? Or do you think that i should wait a little longer?

Re: GE CLI Question and other Questions

LS2982 — Sat, 27 Apr 2013 15:26:11 GMT

@staifokuzed wrote:
Update! I got the letter denial letter today.
Derogatory/collection filed
Length of time accounts have been established
To few account currently paid as agreed ( only baddie is judgment)
proportion of loan balances to loan amount is too high

Transunion score 663

Now what is strange the score section is dated for February 7 2013. But when i checked sorts i was last pulled March 27. I requested the increase and letter is dated April 21.

On February 7 I would not of made my first car payment by then. It updates around the 21st. So the balance would be for the full 16757 and not the 16036 that is reporting now. Any one have any clue as to why the used such an old score. That would have to be the lowest point. Fresh score drops all the way around.

Now you guys think that even another 4 months will be enough? Or do you think that i should wait a little longer?

You could do 2 things:

Call Credit Solutions now (I would not if your file hasn't changed a good bit since their last SP for this denial)

or wait 6 months an call them (better idea)

Re: GE CLI Question and other Questions

staifokuzed — Sat, 27 Apr 2013 17:06:54 GMT

That seems like a sound plan. Thank you ls for your input. And if they do show me a little auto love before maybe ill call then and ask for alittle more. Thanks to Lexie i have that number in my phone. Thank you for that. Now as for applied and matrix i guess i am gonna wait til after Barclay's 6 month review (June i think) to make final decision. Also in about 6 months (if math is correct) i should be over 2 year AAOA. Would that make a huge difference in a cli request. Meaning if i would wait 1 extra month just to get it over the 2 year mark.

Re: GE CLI Question and other Questions

Anonymous — Sat, 27 Apr 2013 17:08:34 GMT

Looks like they did not pull a fresh cr- I noticed they did that with me last year so now I ask them to pull a fresh cr. anyway, IMO wait until the end of June. The new car would have posted 4 months and they can see you can handle the increase in debt.

The judgment is your biggest issue based on the list you posted.

Re: GE CLI Question and other Questions

staifokuzed — Sat, 27 Apr 2013 19:03:14 GMT

I agree with you lexie the judgment is definitely an obstacle. And time is my friend. I think that gardening is more important than ever. Hopefully Barclay puts a little take root on the reward card. To have a long relationship. And the two of them decide to shower my accounts with miracle grow. Its going to be a long growing season. Which hopefully beautiful flowers blossom yielding juicy fruit. But for now all i can do is pif. Grab a cool and refreshing beverage and enjoy the season.
After all I had zero available Credit this time last year.

Thank you all for your help.

Re: GE CLI Question and other Questions

sorachepa — Sat, 27 Apr 2013 19:59:01 GMT

i requested for Lowes CLI (completed 4 statements) using online luv request but denied. the letter says

"at this time, we are unable to approve your request due to insufficient experience at your current credit limit"

my original CL is 3500 and only used it once last month for $50 and PIF before it showed up as balance. looks like they didn't like it much. at least, this is a SP..

exact opposite happend to AmEx - i used it heavily (Delta SkyMiles).. but didn't PIF on time before statement closing date (util % is less than 35% and now <5%) but they look at your payment amounts. my auto-pay of min balance for couple of months while balance is hovering around $3000 seems like the turn-off for AmEx.

different cards, different turn-ONs

we just have to play by their rules and be smart to get the CLIs.. i learned a lot on these forums to beat them at their game.. good luck staifokuzed...

Re: GE CLI Question and other Questions

staifokuzed — Sat, 27 Apr 2013 20:36:46 GMT

Banks should just gives us the dos and don't in the welcome packet. I used 805/1000 payed 750 prior to cut. Sometimes i guess u need the score to support it.