So I got the letter in mail that i was denied based on delinquent item on report (collection from 7 years ago that should be falling off soon ) + credit obligations are too high to meet approval guidelines.... 
Overall utilization is 54% and many of the cards i have are almost maxed out... Do you all think its worth a call to recon line to see if I could get approved (even for small credit line) or should I leave it alone & apply again in a few months after I pay a little down on some of my cards and wait for this collection to fall off which should happen within the next few weeks?
I read on one of the posts here that someone who had high utilzation rate called and was approved after getting denied with a similar history so not sure if its worth a shot or not.... Only reason I applied is I have been getting pre-approval offers in mail for months & also was pre-qualified online to apply for this and several other citi cards.
thanks for any input!
Recon cant hurt unless its for another hp and still denied. Its seemsCiti doesnt like your high utilization and maybe using the collection as an excuse. Also maybe with your balances in regards to your r4ported income. Good luck if you yo for the recon
@heather06 wrote:So I got the letter in mail that i was denied based on delinquent item on report (collection from 7 years ago that should be falling off soon ) + credit obligations are too high to meet approval guidelines....
Overall utilization is 54% and many of the cards i have are almost maxed out...
I read on one of the posts here that someone who had high utilzation rate called and was approved after getting denied with a similar history so not sure if its worth a shot or not.... Only reason I applied is I have been getting pre-approval offers in mail for months & also was pre-qualified online to apply for this and several other citi cards.
thanks for any input!
IMHO, I really think you should not recon, especially if it is a HP. You should apply again when your individual cards that are almost maxed out are below 29%.
GL to you.
Hey Heather06! Sorry to hear about your citi Costco denial.
If you call their EO to recon within 14 days of your denial, it will NOT be another hp as they're just gonna use the same inq their system used to deny you. Though your chance of getting approved is not that great, it's still better to call and recon than just to give up and do nothing. Worst thing that could happen is they're just gonna say no. Nothing more to lose and a whole lot to gain! But whatever you decide, Best to you!
If you call their EO to recon within 14 days of your denial, it will NOT be another hp as they're just gonna use the same inq their system used to deny you. Though your chance of getting approved is not that great, it's still better to call and recon than just to give up and do nothing. Worst thing that could happen is they're just gonna say no. Nothing more to lose and a whole lot to gain! But whatever you decide, Best to you!
