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Finally, a little auto-love from GE!!

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masscredit
Senior Contributor

Finally, a little auto-love from GE!!

Ok, this really isn't anything to write home about but I'll share it here Smiley Happy   I've been trying for awhile to get some love from GE Capital. I have two of their cards (Walmart and JCP). I opened them in Aug/Sept of last year. The reasons that they keep giving me are -

 

Serious delinquency and public record or collection filed (maybe my tax liens?)

 

Time since derogatory public report of collections is to short (last baddy was almost 4 years ago. That's when my BK was finalized)

 

Proportion of loan balances to amount amounts is to high (utilization was in the 20% range when I requested before)

 

Length of time revolving accounts have been established (I had them for over a year the last time I requested an increase)

 

Well, I was checking my accounts today and saw that they doubled my limit. That sounds great but I had a $200. limit before and now it's at $400. I guess it's a start. I've been using the card a lot over the last few weeks so I could get the additional discount. So I'd use it then pay it off a few days later then use it again. Don't know if that helped or not but maybe it's a start of them loosening up a little with me. Oh, and my scores are pretty much in the same range as they were when I requested an increase a few months ago. Maybe about 10-15 points lower because of Cap1 not closing my statement when they were suppose to so I didn't get to pay off the balance before that happened. 

 

EQ - 702 / TU - 679 / EX - 689

Capital One Savor - $17000 / Capital One Venture - $13000 / Travel Advantage Visa - $13000 /Bread Rewards AMEX - $8450 / TD Cash Card - $7500 / Apple Card - $6500 / TD Double Up - $5500 / Mercury - $5000 / Ally Master Card - $4300 / DCU Visa - $3000 / Capital One QuickSilver - $600
$83,850
DCU Auto Loan
Message 1 of 14
13 REPLIES 13
coldnmn
Mega Contributor

Re: Finally, a little auto-love from GE!!

Congrats it's a win any way you look at it!

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 2 of 14
gdale6
Moderator Emeritus

Re: Finally, a little auto-love from GE!!

Congrats Smiley Happy

Message 3 of 14
bigblue7722
Valued Contributor

Re: Finally, a little auto-love from GE!!

congrats good job!

AMEX PRG NPSL,Lowes $17000,Capital One venture card $12,000,Us Airways mastercard $9500,Fidelity Amex $9000, Discover it $8000, Capital One Venture One $7500, BOA 123 rewards $7500 CSP $6000, Capital One Quicksliver $5500, Amazon Store card$5000,Barclay
Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

Last app July 22nd 2015- No apps for two years.
Message 4 of 14
B335is
Moderator Emeritus

Re: Finally, a little auto-love from GE!!

Congrats, even if it seems small, it's double your limit.  Hopefully you can double it again in 4 months.

Message 5 of 14
Credit-hoarder
Valued Contributor

Re: Finally, a little auto-love from GE!!

@masscredit: I just got my decline letter the other day from where I tried a 2nd CLI on my Wal-Mart card (after I got a $400 increase  online) by calling Credit Solutions, and it listed the EXACT same 4 denial reasons. I think this is a standard letter they sound out for a decline if you have derogs on your report.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 6 of 14
FinStar
Moderator Emeritus

Re: Finally, a little auto-love from GE!!


@B335is wrote:

Congrats, even if it seems small, it's double your limit.  Hopefully you can double it again in 4 months.


+1

 

And, as your profile improves, then those CLs can get larger.

Message 7 of 14
masscredit
Senior Contributor

Re: Finally, a little auto-love from GE!!


@Credit-hoarder wrote:

@masscredit: I just got my decline letter the other day from where I tried a 2nd CLI on my Wal-Mart card (after I got a $400 increase  online) by calling Credit Solutions, and it listed the EXACT same 4 denial reasons. I think this is a standard letter they sound out for a decline if you have derogs on your report.


This is interesting to know.  I wonder if others have received the same reasons.

EQ - 702 / TU - 679 / EX - 689

Capital One Savor - $17000 / Capital One Venture - $13000 / Travel Advantage Visa - $13000 /Bread Rewards AMEX - $8450 / TD Cash Card - $7500 / Apple Card - $6500 / TD Double Up - $5500 / Mercury - $5000 / Ally Master Card - $4300 / DCU Visa - $3000 / Capital One QuickSilver - $600
$83,850
DCU Auto Loan
Message 8 of 14
myjourney
Super Contributor

Re: Finally, a little auto-love from GE!!

Congrats

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 9 of 14
alvon123
Super Contributor

Re: Finally, a little auto-love from GE!!

congrats


Message 10 of 14
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