@Rockysocks wrote:Only 6 of my 15 cards reported by Experian are reporting use, not all of them. It was an application for a rewards card from USAlliance, a credit union's card that recently got some buzz in the main credit card forum. I asked to speak to underwriting, but the rep didn't and just said "escalated debt". I'm not sure how they would have thought I'm pyramiding my debt. I don't have much card debt at all lol. The only thing I guess I have going against me is that my income is $35,000, but all of my debt is within my limits. I'm lost.
Has your total credit lines exceeded your income? Maybe they are sensitive to that?
What's your income?
@Rockysocks wrote:Yes, my total available credit reported on Experian is about $65,000. Would that be the reason they said no? Does that fall under "escalated unsecure debt"?
Yes, that would be a logical guess.
If reconsideration unsuccessful, best to move onto another lender that may not be quite as sensitive.
Yeah, so you're basically 200% credit to income.
@Rockysocks wrote:So, is this something closing unused cards would fix? Or is my available limit just from the cards I DO USE hurting me?
It was USAlliance CU.
If you really want this card, it's best to direct your question to the under writer. They may or may not give you instructions with best course of action, if closing other cards, reducing available credit line, would help in obtaining one of their cards.