I have a Cabelas card through Capital One. I had a temporary dip in my credit score in November and they lowered my credit limit from $2,000 to $1,000. Since that time, my credit score (FICO 8, pulled here) has gone up over 100 points! I am now sitting at over 700 on all 3 bureaus. I am gearing up for a mortgage application and one of the last things holding me back is my UTL%. One of the last cards I have remaining with a high UTL is now that Cabelas card, primarily because of the CLD. I applied for a CLI, but they keep denying me and their explanation is the my credit score...from NOVEMBER. They are basing their decision on a score that is more than 2 months old and more than 100 points lower than my current score! Does anyone have any ideas for a RECON or any other way to get them to use my CURRENT score in their decision?
Before anyone asks, the main reason for my recent increase in scores is that I paid down a LOT of my revolving balances and also got ALL collections deleted. I have planned my payoffs in part to get my overall UTL below what is believed to be the "bucket" cutoff of 68%. I have also focused my payoffs on making sure as many of my individual CCs as possible are below their nearest "bucket" cutoff and all but two cards are now below either 68% or 48% UTL. My overall UTL is 52%. If I could get my Cables CL back to $2,000, I would only have one card over 68% and my overall UTL would be at 49%, which puts me in range to pay down another card or two to get below the perceived 49% benchmark.
