topic Re: Bill Me later credit increase? in Credit Cards

Bill Me later credit increase?

jbrown773 — Tue, 04 Mar 2014 04:22:19 GMT

How does bill me later work with CI, I tried for an increase by trying to purchase something above my credit limit and it denied me and then sent me an email with the reason and a credit score. The credit score was MUCH lower than it should be and doesnt match my current EQ from fico... Do they use your orginal score when you 1st signed up or what?

Re: Bill Me later credit increase?

Creditaddict — Tue, 04 Mar 2014 05:11:34 GMT

@jbrown773 wrote:
How does bill me later work with CI, I tried for an increase by trying to purchase something above my credit limit and it denied me and then sent me an email with the reason and a credit score. The credit score was MUCH lower than it should be and doesnt match my current EQ from fico... Do they use your orginal score when you 1st signed up or what?

What's date on score?

Re: Bill Me later credit increase?

Creditaddict — Tue, 04 Mar 2014 05:12:01 GMT

@Creditaddict wrote:
@jbrown773 wrote:
How does bill me later work with CI, I tried for an increase by trying to purchase something above my credit limit and it denied me and then sent me an email with the reason and a credit score. The credit score was MUCH lower than it should be and doesnt match my current EQ from fico... Do they use your orginal score when you 1st signed up or what?
What's date on score?

How long have you had account open?

Re: Bill Me later credit increase?

Anonymous — Tue, 04 Mar 2014 05:31:31 GMT

No idea how CLI works...

My BML account started at a $301 limit... then went to $410 then the current $531 limit I have now.... both CLI's were after I went to make purchases over my limit and both were instantly approved.

It's a nice TL to have for making big purchases at 0% off Ebay... but doesn't report on CR so it's useless for credit rebuilding.

Re: Bill Me later credit increase?

Mike360 — Tue, 04 Mar 2014 05:39:38 GMT

pretty sure if you try to overspend your limit they will try and do a soft pull on you and you'll get approved or denied. they pulled tu when they did mine

Re: Bill Me later credit increase?

IWOL — Tue, 04 Mar 2014 05:48:26 GMT

Not sure about the differences I scores but make sure BMlL has ypir income listed correctly.

I was denied the first few times aI tried to make a purchase over my limit and then I went in to my profile and it had my income at 20k somehow. I updated it to the correct income and since then my limit is up to $2500 from $300.

Re: Bill Me later credit increase?

lexandra90 — Tue, 04 Mar 2014 05:52:11 GMT

this is a good question as I always wondered this as well. I wont try it yet until my scores are up but good luck

Re: Bill Me later credit increase?

shane82388 — Tue, 04 Mar 2014 06:13:53 GMT

I try it all the time with my BML account. The score is rarely updated and they dont actually do a soft every tiem you try to do it...if you notice on the denial email/letter it will say the score and a date...it doesnt change for months and months at a time. They are still using a score of mine from the beginning of October...ugh...

So anyway, no worries...give it a shot. They literally encourage you to TRY and see if they will up your limit on their own website in their own words. Im guessing they pull your report 2-3 times a year and just base any following over the limit requests against whatever that score was then.

Re: Bill Me later credit increase?

wacdenney — Tue, 04 Mar 2014 13:34:44 GMT

My EQ report shows SPs from BML about every 3 months whether I use it or not. I'm not convinced they SP for every over the limit purchase nor that they always use TU.

Re: Bill Me later credit increase?

takeshi74 — Tue, 04 Mar 2014 13:54:34 GMT

@jbrown773 wrote:
The credit score was MUCH lower than it should be and doesnt match my current EQ from fico...

Keep in mind that there are many FICO models and BML may not be using the same one as what you got from myFICO. As stated above, they should have provided the date that the score was pulled.

Re: Bill Me later credit increase?

jbrown773 — Sat, 08 Mar 2014 08:22:42 GMT

The date on it was 9/14/2013

Is there a way to make them actually soft pull your account rather than using an old pull. I opened it I think on that date. I started rebuilding my credit then and i'm up almost 100 pts from where I started then.

Re: Bill Me later credit increase?

CreditUnionFan — Sat, 08 Mar 2014 11:33:36 GMT

@jbrown773 wrote:
The date on it was 9/14/2013

Is there a way to make them actually soft pull your account rather than using an old pull. I opened it I think on that date. I started rebuilding my credit then and i'm up almost 100 pts from where I started then.

On the letter you received, is there a phone numbr to call? You could try that... but as others have pointed out, since it's a hidden TL, the only reason most of us use it at all are for the promotional financing offers.

Re: Bill Me later credit increase?

shane82388 — Sat, 08 Mar 2014 18:17:16 GMT

It seems like I get "CLI" easier when checking out on eBay vs trying to use it at some random store ....but that's just a brief observation without any hard facts to back if up so....ymmv.

Re: Bill Me later credit increase?

jbrown773 — Sun, 09 Mar 2014 01:51:18 GMT

Yah I'm using it for the hidden TL and financial programs.. but I plan on buying a computer with it so I wanted my limit to go up so I can take full advantage of it. I called and they told me that, that score was corrent and there was an error on the date in the email but it says ita s FICO EQ but that score clearly doesnt match my FICO EQ from myfico.. not even close.. about 110 off.. And the last 6 months i;ve been fixing my credit score so they cant possible be corrrent when telling me thats my Fico EQ and the "date" on it is just incorrent by 6 months. CSR seem to be lacking knowledge, tell told me that they don't handle that part of the company but still gave me an answer to my question.