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Recon not what it use to be...

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brad0502
Contributor

Recon not what it use to be...

I am fresh out of BK7 and have applied for a few cards. After a few approvals I felt like I was back to a 747 fico. I was approved for Credit one with a limit of 800. (just before my BK was discharged) The day of my discharge I checked Cap 1 and had a pre-approval offer pulled the trigger and got the plat with a 300 CL. After some research here i tried to get the SCT to work and after extensive tries, discovered that the SCT is all but dead. But Wayfair did have a pre-approval, so I checked to see if I was pre approved and low and behold I was.  A few days later I did apply for the wayfair card and... 750CL. At this point I am feeling great. So again after research and determining that wayfair and overstock cards I would actually use I did apply for the overstock card and got the 7-10 days message. Here comes the recon part... I called Cap 1 to try and recon my starting CL, basiclly was told they only go buy the computer and manual reviews are not done. So I am 0-1. Called Commenity and tried to recon the starting CL on wayfair, no manual review, but they did the computer request for me and got a 7-10 wait, so effectly I am 0-2. Also tried to recon the overstock to try and expedite an approval and was not able to get a manual review. So I am waiting the 7-10 days. I have always had lots of good luck in the past with recon. Seems like Cap 1 and commenity are not wanting to anymore.

Message 1 of 8
7 REPLIES 7
FinStar
Moderator Emeritus

Re: Recon not what it use to be...

Comenity isn't really known for reconsiderations OP.  At best, some individuals could obtain a CLI to the inital SL, but that's more YEMV.  As far as contacting them, that channel hasn't really had much success in years.  System declined applications are typically not reconsidered.

 

As far as Capital One, once the EO channel was abused, it was pretty much left to some crumbs for specific credit-related issues, but not to overturn declined applications or SL changes or reconsiderations.

 

Since you mentioned you are fresh out of BK7, the only thing that is on your side is time so that you can rebuild your profile.

Message 2 of 8
CreditInspired
Super Contributor

Re: Recon not what it use to be...

OP
I know you didn’t ask, but since you are fresh out of BK and the 3 approvals you received are low CLs, I think a good thing to do would be stop applying and let those age. Keep in mind that creating a credit profile is a Marathon, not a sprint. As @finstar said, time is what’s needed and the floodgates will open.

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macys $24.2K || NFCU CLOC $15K || NFCU Platinum $15K || CitiCostco $12.7K || Chase FU $12.7K || Apple Card $7K || BOA CashRewards $6K
Message 3 of 8
brad0502
Contributor

Re: Recon not what it use to be...

I agree, I will grow what I have just looking forward to getting back in with Lowes. I have a home I am fixing would love to take advantage of the financing offers they have. But in good time...

Message 4 of 8
kdm31091
Super Contributor

Re: Recon not what it use to be...

In general with most banks, recon is kind of dying off. Banks would rather have automated algorithims making decisions and pay fewer credit analysts.

 

But with Comenity and Capital One, recon has never really been much of an option. Years ago, Capital One's EO would manually review things, but that is long since a thing of the past. They are pretty much totally automated lenders. You just have to take what their computer gives you.

Message 5 of 8
zerofire
Valued Contributor

Re: Recon not what it use to be...

Sorry to tell you this but you are barking up the wrong tree without a bite. Capitol One has been computerized for years and only recently the Recon staff stopped doing manual overviews. Most likely because those that could were abused, retired, or just did not want to do it any more. Comenity is similar as they deal with the bottom of the barrel right before subprime. They have very little that they can adjust because then everyone and their uncle would be asking for things. Lastly you have a fresh BK on your file.

TU:816 12/19/24 Bank of America--EX: 809 01/03/25 Experian--EQ:836 01/06/25 myFICO--Gardening since N/A
Active:
Bank of America (Customized Cash Rewards VSC, Customized Cash Rewards WMC{PT}, Unlimited Cash Rewards WMC{PT}), Capital One (Discover It DC, Savor WEMC), Chase (Amazon Prime VSC, Freedom Flex WEMC [x2], Freedom Unlimited VC{PT}), Citi (Custom Cash WEMC, Dividend MC), Citizens GreenSense WMC, Curve WEMC{S}, FNBO Ducks Unlimited VSC, GBank VSC, PenFed Pathfinder Rewards VSC, Santander Ultimate Cash Back WMC, Synchrony PayPal Cashback WMC, UMB Simply Rewards VSC[Milford Federal], US Bank (Cash+ VSC [x2], Kroger Rewards WEMC, Pick n Save/Metro Market Rewards WEMC, Shield VC)
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Message 6 of 8
Vu
Frequent Contributor

Re: Recon not what it use to be...

CLI is very easy with Comenity. Just put a little spending on their cards, wait for the statement cut, PIf, then request CLI. If successful, log out and request CLI, and most likely you’ll get the 2nd one for the same amount as the first one.

I started Overstock at $750 four months ago, and it is now sitting at $5.4K. Started Wayfair at $1.5K and now sitting at 7.3K.

Last month I applied for Blue Nile and got $8K, double dip CLI immediately and got 11K. Just hang in there. Comenity is very generous for utilization padding.

Just be patience with them and in a few months. You should break the $5K barrier and maybe $10K in a year if your scores continue to improve.


Message 7 of 8
UncleB
Credit Mentor

Re: Recon not what it use to be...

Non-FSR comments have been edited and off-topic posts have been removed.

 

Please remember to keep all comments Friendly, Supportive, and Respectful... it's not optional here.

 

--UB

Message 8 of 8
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