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Synchrony Marvel CLI declined :(

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glamchick
Established Contributor

Synchrony Marvel CLI declined :(

So I received my Marvel card back in April with a $3000 SL.  I use it and pay it off.  I've requested a CLI before and it said "not enough history"  This time I requested I got a letter saying "serious deliquency on your reports" .   My credit score is 700.    I had some 120 day lates 3 years ago for a school loan due to a deferment.   Since then my report has been clean.  

 

I don't understand why they approved me for the card but declined a CLI?  Those lates are even older now then when I got the card?

 

Is this going to be the situation for all my new credit card CLI requests?

Gardening since 5/3/2016
Message 1 of 16
15 REPLIES 15
Anonymous
Not applicable

Re: Synchrony Marvel CLI declined :(

Is this from calling credit solutions? It appears you selected the online credit limit increase. No Bueno.

Find pizza's post on "Synchrony Guide"

Also, the posts I've found seem to lean to TU scores of 720+ for any snowball increase. 670+ will get you to $6000 via what information I've found and personally experienced. YMMV.
Message 2 of 16
UncleB
Credit Mentor

Re: Synchrony Marvel CLI declined :(


@Anonymous wrote:
Is this from calling credit solutions? It appears you selected the online credit limit increase. No Bueno.

Find pizza's post on "Synchrony Guide"

Also, the posts I've found seem to lean to TU scores of 720+ for any snowball increase. 670+ will get you to $6000 via what information I've found and personally experienced. YMMV.

^^^ This exactly.  Smiley Wink

 

Something else is that when you use the online site to request a CLI the SP they use might be old... I had that happen on my last CLI request with Lowe's.  They denied it due to a laundry list of reasons that had never been a problem before, but most importantly the reasons were no longer on my credit report (my 'freedom day' was May 1). 

 

Since I knew my data had changed significantly I called Credit Solutions and got exactly what I wanted (they will do a SP while you wait).  Even if your information hasn't changed significantly, call Credit Solutions anyway... they can almost always do better than you can do online (either using the CLI 'button' or chat). 

 

Keep BuYao's suggestions in mind... the stronger your TU the better your results will be.  It doesn't hurt to try; 95% of the time it's a SP and many times if they can't give you what you want they will counter-offer.  There's nothing to lose by trying!  Smiley Wink

Message 3 of 16
JamP
Valued Contributor

Re: Synchrony Marvel CLI declined :(

Give our Buddy a call 877-379-8173.

 

Alot depends on your TU score.

 

As said before if its not improved or lots of new accounts this may prevent them from giving you more.

 

With that said ask for $25k and they will counter.

250k+ CL and climbing.
Message 4 of 16
glamchick
Established Contributor

Re: Synchrony Marvel CLI declined :(

Thanks for the advice everyone.

 

This request was made through calling credit solutions.  The lady had me on hold for a long time and came back and said unfortunately we cannot increase your credit.    I read on these forums it was better to call.

 

My TU score is 710 as of today.   Should I try again maybe in a few weeks?  I will read pizza's forum on CLI's for synch.

 

 

Gardening since 5/3/2016
Message 5 of 16
RonM21
Valued Contributor

Re: Synchrony Marvel CLI declined :(

Oh wow that is interesting then. For them to give you that message and you called, I might give it a while longer then a couple of weeks. Normally I would have said that was a generic message for the denial.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 6 of 16
12njoy
Super Contributor

Re: Synchrony Marvel CLI declined :(


@glamchick wrote:

Thanks for the advice everyone.

 

This request was made through calling credit solutions.  The lady had me on hold for a long time and came back and said unfortunately we cannot increase your credit.    I read on these forums it was better to call.

 

My TU score is 710 as of today.   Should I try again maybe in a few weeks?  I will read pizza's forum on CLI's for synch.

 

 


Sorry OP.  What else is on your report (i.e., utilization, overall credit limits, cards with balances, etc...)?  They'll take all that into consideration.  If none of those are issues for you, I would call again in a week or two since it's only a SP.  If any of the items mentioned are issues, I would wait until they are resolved IMO.

(Formerly known as: Credit is my hobby (1.7M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 7 of 16
Anonymous
Not applicable

Re: Synchrony Marvel CLI declined :(

Maybe try 6 statements between CLI requests? TIME SUCKS I know. Earliest I've seen is at approval and 3 statements in. 6 IMO should work. That seems the perceived standard for most lenders.
There are exceptions...ymmv...all that jazz. My opinion is call on 6th statement AND use the card.
Message 8 of 16
dragontears
Senior Contributor

Re: Synchrony Marvel CLI declined :(

I mean this in the nicest way but why are you confused that they are not willing to give you more credit even though they approved you? Obviously they gave you all the credit that they are comfortable giving at the time of approval. An approval for a card doesn't mean you qualify for a CLI
Use the card responsibly and let your baddies age more.
Message 9 of 16
glamchick
Established Contributor

Re: Synchrony Marvel CLI declined :(

I keep my overall utilization under 10% and on this card as well.

 

I just thought since they approved me for a card and that I am starting to build a relationship with them that they would give me a CLI.   

 

Im going to wait and try again next month.

Gardening since 5/3/2016
Message 10 of 16
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