Wow discover 5k-Update Closed by grantor

[Anonymous]

Thank you AJC yes it stings a lil bit lol

[AverageJoesCredit]

I wonder what is causing all of this? So unlike Disco . Maybe they created a new algorithm ?

[Anonymous]

Yikes, sorry to hear!

I guess it's time for us credit seekers to stop seeking. I hope Disco doesn't try to pull that on my new Miles because I don't file taxes on $18K. 

[CreditCuriosity]

Just specluation, but guessing charge-off rates are climbing with them.  As certainly alot of reports recently and they are covering their bases.  Nothing to back this other then their CO's have been going up as of last quarter a simple google search can yield this.  Maybe it has gotten worse?  

Sorry to hear this none-the-less never fun having an approval pulled, but they did give you a chance to provide the info, whether that changed their end decision we will never know until other DP's of people that have had it requested give us some DP's of the outcome.

I found it funny that HSBC recently asked me for POI although not a 4506-t they wanted to see pay checks so something might be going on in the credit industry that we aren't aware of.  I provided and once I did the approval came through.. Different situation, but first time ever been asked for POI other then a CU.

[GApeachy]

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@CreditCuriosity wrote:

I found it funny that HSBC recently asked me for POI although not a 4506-t they wanted to see pay checks so something might be going on in the credit industry that we aren't aware of.  I provided and once I did the approval came through.. Different situation, but first time ever been asked for POI other then a CU.

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Downturn paranoia may be starting to ramp up.

[HighAchiever]

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@Anonymous wrote:
Well AJC l wont have to wait a week buddy .they called today wanting to let Equifax pull my tax records .after what I went through with amex in 2010 I told them no .so she closed it 5k few away but it's ok.

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Just so you know, you can probably call Credit One back and ask for the 1k limit and keep the card. I would try sooner, rather than later, if having this card is a necessity for you. Just an idea... I'm sorry to hear of your troubles! Good luck!!! 🤞🏻

[UncleB]

Sorry for the closure, @Anonymous. 

Quick question... I notice that you mentioned in the initial post that some of your credit files were previously frozen; by any chance do you have any of the smaller secondary bureaus locked or frozen?  (By secondary, I'm referring to ARS, Sagestream, Innovis, LexisNexis, Chex, etc.)

[Anonymous]

Navy increased its secured nRewards card from 5 months to 13 months. Somethings definately going on in the industry. I can tell you for sure that banks are short on cash. Repo rate is trash. Wall St is spooked big time.

[Anonymous]

No I've never messed with the smaller credit company's just eq ex and you

[Remedios]

Gramps, I'm really sorry this happened to you.