Congrats on the approval and great SL! Sorry to hear about the CLD on the first card. I don't have any experience with that.
interesting ,, im kinda new to Disco but really like the card but this is a tad bit of sad news,,, AJC should chime in he is the resident Disco expert.
Glad to Hear About #2 Approval! Sorry OP on The $500 CLD
I'm guessing you hit The Internal Limit with Discover, (for what the will extend you)
and it was a Rob Peter to Pay Paul Thing.
. They stated the repo on the CLD but they approved me for the card via Experian. Ugh. I guess I should combine them when possible.
Disco doesn't CLD from what I've seen over the years. This sounds more like a credit shift from the original account to the new account.
When you're eligible for a CLI through the online portal is when you can combine the limits with them with a phone call. Don't accept the CLI online before calling them to combine and you'll be good. While you're on the phone you can ask them for a CLI after they merge the 2 accounts into a single account.
I called the number where it stated about the reasoning and it was stating a delinquent account from 2014 on a voluntary repossession (on Transunion only) and to new account history. (1.2 years AAC) He overviewed my report and said he can’t change the decision. He informed me after 90 days with the new card I can combine the 2 accounts and that’s what he recommended. I just hate how this company (AutoMax) keeps marking as paid loss and profit then deletes that and reports it again making it look like it’s a new occurrence. He said after further review he can tell it’s old and about to fall off but the mere presence of it on my report won’t allow him to make the change. He said they approved me for the higher limit because approvals are Experian and that’s a clean report vs CLI and CLD is done on Transunion. Thought I would spread the word he said it’s systematic when something pops up on your report just crazy happened the day after the other approval.
If its not paid then they can update it to keep your Fico depressed its a weapon to try and force you to pay them off before you obtain new credit. If its been paid then once its at 0 balance all updates need to cease per CRA rules. The DoFD sets the amount of time it can remain onfile. Grats on your new unsecured card. I would just cancel out the first one as it started as a secured to begin with its likely range bound as far as CLI is concerned.