Big Spree Results w/ Data Points!..UPDATE

[Billybob_TX]

Very nice work! Would you mind giving an income range that you fall in? I just took a steady job for about half of what my self-employment was paying in the O&G boom times, so I have to adjust my income reporting accordingly.

[Anonymous]

Wow. Great data points. Congrats OP! Thanks for taking the time to lay it all out for us!

I'm a bit new to recon, what exactly do you say to them when you call for a recon? "Hey, can you reconsider this increase?"  How does that conversation go?

[RonM21]

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@Billybob_TX wrote:

Very nice work! Would you mind giving an income range that you fall in? I just took a steady job for about half of what my self-employment was paying in the O&G boom times, so I have to adjust my income reporting accordingly.

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Well, I'm certainly not in to the big money like some others as I'm only around 60K right now.

[RonM21]

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@Anonymous wrote:

Wow. Great data points. Congrats OP! Thanks for taking the time to lay it all out for us!

I'm a bit new to recon, what exactly do you say to them when you call for a recon? "Hey, can you reconsider this increase?"  How does that conversation go?

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I think the way everyone handles it may differ, but more or less I just call and tell them I'd like to see if they would give me a higher starting limit because the current one would not allow me to be as flexible as I'd like to be.  I've told them specific purchases that I want to make, but can't do it with the current limit, and I also say that when I do make the purchases I don't want to be anywhere near maxing the card out.

[Anonymous]

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@RM21 wrote:

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My oldest CC account is my Quicksilver One from January 2013.  It was converted over from a Platinum last year.  The oldest overall account is a paid car loan from my first car in late 2005 that I paid off in 1 year.  But it is only reporting on my EQ for some reason, and generally, this has kept my EQ up by several points over the others.  The next oldest is a paid car loan from 2006 that is on all 3 bureaus.

My utilization going in to May was somewhere around 25-30%.  It may have been even a few points higher.  Currently it is at 6%.

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Gotcha.  I'd venture to guess that a large part of your score increase from then to now has to do with dropping that utilization.  If you were > 29% that's 2 levels worse than you're at now with single-digit utilization.  One thinner profiles from what I've seen they are more volatile scoring wise (both good and bad) with changes to utilization.  Where you could pick up 20-30 points for a utilization drop like that, someone with a thicker profile may only get a couple of points.

[RonM21]

I agree the utilization was a key factor. I'm not sure I thought of my profile as being thin until you said that. I figured me having 13 or 14 cards with numerous paid car loans and a few bank loans wouldn't be considered thin. But maybe that isn't the case. I thought people with only several accounts had a thin one, but maybe it depends on how you look at it.

[Anonymous]

I suppose it depends on who you ask and how you look at it.  I just figured with your oldest account being 3 years old, even if you've added a ton of accounts during that time the overall history of your profile is still relatively small.  I have 5 accounts that are 15+ years old and a AAoA of 7 years and someone the other day suggested that my file was relatively thin which I found surprising... but I guess from a different perspective something different can be seen.

[credit_endurance]

congratulations! Now that's his you do it 

[credit_endurance]

"How"

[Anonymous]

Congrats on getting the BCE! I am sure you could have gotten the the BCP if you wanted it.

Just to give a data point on SL with that card,  I have what I would call a thick file. I have a mortgage that is over 20 years old, two paid car loans that are 9years and 8 years, one current car loan 2 years old, two credit cards that are over 10 years old, student loans that are 10 years old, two credit cards that are in the 7-9 year range, and three credit cards that I have added since Nov. 2015. I have zero derogs, and zero late payments. My Fico 8 scores are all above 800 and when I applied for the BCP in April my SL was $2000. My util was < 10% when I applied. I am a PIF on auto pay with all of my cards so my util varies month to month depending on how much I have spent. Would my file be considered thick?

I was a little miffed about the low SL because I don't like to pay more then once a month and I knew I would put $900 a month on that card easy. I just let it ride and I got my 3x CLI and I will ask for one more to get to $18k and then I will be set.