Any proven techniques to getting higher CL on intial approvals and/or auto CLI?

[destine2grow]

I am in your shoes except I have no baddies except on EQ I have a CO HSBC card that has been removed from the others CRA due to I paid the debt. However with that being said I also realized I had a lot of inquiries and I had to stop applying for credit and let my TL age. I also learn the importance of AAoA. Which the AAoA might be playing a role as well in the CL you are initially given. I would set a budget and try to see if you can get some of the baddies paid off. I also would get your utilization back down to 1-9%. Remember it takes time to see some improvement. You are more than welcome to join us in the GC (Garden Club) the support really helps, not to mention the success stories you read! Good luck OP!

[Ysettle4]

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@bigblue7722 wrote:

Im sorry but I dont really agree with that. Cap one has been great with CLI for me. I started with 1500 on my qs card. Now I am up to 3500 thanks to credit steps and the EO in just 6 months.

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My QS card is also part of the credit steps. When you called the EO for an increase, was that before or after the credit steps CLI? Could you explain when and how you did that?

[Ysettle4]

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@keithB wrote:

So, I see the charge offs - as I'm sure you know a charge off isn't just forgiven.  The creditor will most likely sell the debt for pennies on the dollar to someone who will take the chance they can collect it.

It sux that it is via a divorce and now you are both working separately trying to fix your situation. Any chance of getting together with the "ex" to work out a plan to tackle the situation or is that just not going to happen?

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Correct. However, I just sent a GW/PFD letter to GE stating that I'm willing to PIF for removal back in June. Still waiting for a response.. I'm hoping they will accept.

[bigblue7722]

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@Ysettle4 wrote:

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@bigblue7722 wrote:

Im sorry but I dont really agree with that. Cap one has been great with CLI for me. I started with 1500 on my qs card. Now I am up to 3500 thanks to credit steps and the EO in just 6 months.

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My QS card is also part of the credit steps. When you called the EO for an increase, was that before or after the credit steps CLI? Could you explain when and how you did that?

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what i did was get my credit steps after the 6 months then, hit the luv button it said i havent waited 6 months but that doesnt matter, then i messaged cap one on FB asking for an increase and told them the luv button wasnt working. They called me back I asked for 10k total i got 1k cli and got 3500 total. Always ask for more they will counter. 

[keithB]

Well, like I said, many times the creditor will sell the accounts.  Maybe send the other 2 a letter? Never hurts to ask, especially under the circumstances with the divorce and all.

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@Ysettle4 wrote:

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@keithB wrote:

So, I see the charge offs - as I'm sure you know a charge off isn't just forgiven.  The creditor will most likely sell the debt for pennies on the dollar to someone who will take the chance they can collect it.

It sux that it is via a divorce and now you are both working separately trying to fix your situation. Any chance of getting together with the "ex" to work out a plan to tackle the situation or is that just not going to happen?

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Correct. However, I just sent a GW/PFD letter to GE stating that I'm willing to PIF for removal back in June. Still waiting for a response.. I'm hoping they will accept.

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[OHWWCB]

Capital One was the first card to give me a $1000 credit limit. However, 2.5 months later Chase gave me $6500 and Discover gave me $6000 and I got in with AMEX. So all things considered, Capital One does seen a bit stingy.

[fot1]

Biggest thing is getting your scores up..

[Ysettle4]

From what I've read is that the biggest contributor to your score is the debt to credit ratio by which if I had higher CLs the better. The other issue is that it seems one creditor is not willing to give more than the other creditor. This is a dilemma I'd like to be able to break out of.

[Bman70]

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@Ysettle4 wrote:
From what I've read is that the biggest contributor to your score is the debt to credit ratio by which if I had higher CLs the better. The other issue is that it seems one creditor is not willing to give more than the other creditor. This is a dilemma I'd like to be able to break out of.

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Actually it's not a dilemma. The reason creditors are currently keeping their exposure to you relatively low is that you have several charge-offs and a judgment, amounting to at least $20k. Debt to credit, utilization, and all the usual factors aren't a solution when there are significant derogatories. Because it puts you in a scoring "bucket" where the ceiling is much lower than a profile with no derogatories. In that bucket, util and aaoa and ratio of debt can only take your score so high, and you may already be at or near that ceiling. So keep up the GW and cleanup work, that's where you'll see the best results. 

[sillykitty1]

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@Bman70 wrote:

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@Ysettle4 wrote:
From what I've read is that the biggest contributor to your score is the debt to credit ratio by which if I had higher CLs the better. The other issue is that it seems one creditor is not willing to give more than the other creditor. This is a dilemma I'd like to be able to break out of.

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Actually it's not a dilemma. The reason creditors are currently keeping their exposure to you relatively low is that you have several charge-offs and a judgment, amounting to at least $20k. Debt to credit, utilization, and all the usual factors aren't a solution when there are significant derogatories. Because it puts you in a scoring "bucket" where the ceiling is much lower than a profile with no derogatories. In that bucket, util and aaoa and ratio of debt can only take your score so high, and you may already be at or near that ceiling. So keep up the GW and cleanup work, that's where you'll see the best results. 

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This!

Its the baddies that are keeping your score low and CL's low.  Until those are gone there isn't much hope of a cc extending a large CL because your report tells them you are risky.