@Asilomarwrote:
@Anonymouswrote:
@AsilomarOh, I only want to avoid IV because it seems like a PITA. But I can certainly proove my income if it comes to that and I'm left with no options.
So you asked for 50K and backed out 15 times and ended up with 35K on your first trip to the 'over 35 club'? Should I maybe just ask for the 35K to start out or are you thinking some people manage to get over that without a IV?
Actually, I believe I backed out 21 times on my first non-3X CLI attempt... I went down in $1k increments from $50k to $40k and then in $500 increments from $39.5k to $35k. I found it amusing about a week later to receive a rubber-banded stack of 21 denial letters in the mailbox from Amex. I wonder what the mail carrier was thinking?
That's amazing! How did you even know to do that? That the CLI algorithm wouldn't shut you out after having denied you even once, let alone another 19 times??
I believe that BBS received 21 income verification letters rather than 21 denial letters.
Its not 3x but 2x CLI for me. I’ll take it and continue to garden. Here is some interesting data points for consideration.
EX - 700
overall utilization - 53%
EDC util - 35%. Paying it down next week
BCE util - 39%.
@Anonymouswrote:I would say the constraint to you falling short on the 3X CLI is your utilization, both on your Amex cards and aggregate.
I know and just grateful I got 2x. I wanted to post just incase someone was in similar situation.
Had a major death in the family in January and another family emergency in February. I used all my savings and cards to deal with it. My utilization was much, much higher and my scores crapped. Regained over 30 points on EX over the past few weeks alone because what I have paid down and lowered my utilization. MF saying EX is 669 when it’s really 700. It has not updated here, yet.
As the saying goes, treat AmEx well and they will, too. I have treated AmEx well with payments. I’m just not swiping because I’m paying down my debt. In addition to utilization, taking a break from swipping didn’t help either.
I don’t think I was stupid for trying for a CLI. 2x is still mind blowing with what I have gone through in the past 2 months. If I waited another 2 months, would I have gone closer to 3x? Maybe. Just means I need to wait an additional 4 months to see what else is possible.
@LuckyB338wrote:
How much usage to put on bce for 3x in 61 days coming up in 30 days. SL 4K
DP:
EQ712, EX 706, TU 719 (As of February)
2 credit cards
2 student loans in deferment
Oldest acc 13 months (aaoa 6.3 months)
Util less than 1%
Income 36K (Student)
No more than usual
