Discover Account Review -.-

[youngandcreditwrthy]

Oh goodness...
Got an email this morning requesting that I contact them in a week and to be prepared to discuss employment and income.

While Ive been truthful and never defaulted in anyway... I am scared. I remember how stressed and annoyed GECRB's audit made me.
I read that they typically like to discuss usage, etc with you.
So... My cl is $10k. Currently have a balance of $8k due to 0% offer. Ive been paying $300-700 a month for at least twelve months. They reduced my purchase APR to 1.9%, so admittedlly Ive been using it. Every time I call, have a hammer me to use it more. I tell them I like Amex and that their credit line is too low.
The kicker is I think I caused this myself... I called them the other night for a cli (last one was about a year ago) I figured it was time. Then, I got an APR reduction to 18.24%. Obviously, I did something to flag my account.
Also, I opened a West Elm account in July and just bought a brand new M235i (only one inq from BMWFS) my Tu is like 690 with only 5 or so inqs. The new auto loan account is not reporting yet though. I think it will report with about $30,000 as the bal.
I honestly have about $26-30k in cc debt (prob pay 1500-3000 towards any given month)
Util overall is about 20%.
Ill be honest here. I am petty and DO NOT WANT ANY THING REPORTED AS "closed by credit grantor"
That is my number one concern here. I dont care about this card. I've held up my end of the bargain, and I dont feel like being treated like a criminal as GE did me (in the end the only thing that happed was I closed some accounts on my own!!!)
I'm smarter than this. Should I just close this piddly $10k line and be done with? That'd leave me with still $175k or so of avail credit.

What does everyone think? And if nothing else.. I pay it off after closed and open a new one with a new 0% period to use 😇💁😂

Please advise. Unless they are going to cli me to $15k with this account review, daddy is closing her. 👌

[FinStar]

If you have got nothing to hide, then you shouldn't be scared.  I don't see the issue.  No different than AMEX conducting an account review and requesting a Tax transcript. 

As a lender, they have the right to verify this information from time to time as it is clearly spelled out in their T&C.  Not sure why you would equate that to being treated like a criminal... did you steal something?  Needless to say, you seem to be carrying high balances that keep bouncing off from one lender to another regardless how much you decide to inflate your TLs to look more favorable.  Eventually, just like GE/Synchrony, it is just a matter of time before some lenders start questioning your financial activities, and righfully so since it is still a loan (albeit on plastic) and they own the gold.  Ultimately, it is your choice whether you decide to close this account.

[Anonymous]

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@youngandcreditwrthy wrote:
Oh goodness...
Got an email this morning requesting that I contact them in a week and to be prepared to discuss employment and income.

While Ive been truthful and never defaulted in anyway... I am scared. I remember how stressed and annoyed GECRB's audit made me.
I read that they typically like to discuss usage, etc with you.
So... My cl is $10k. Currently have a balance of $8k due to 0% offer. Ive been paying $300-700 a month for at least twelve months. They reduced my purchase APR to 1.9%, so admittedlly Ive been using it. Every time I call, have a hammer me to use it more. I tell them I like Amex and that their credit line is too low.
The kicker is I think I caused this myself... I called them the other night for a cli (last one was about a year ago) I figured it was time. Then, I got an APR reduction to 18.24%. Obviously, I did something to flag my account.
Also, I opened a West Elm account in July and just bought a brand new M235i (only one inq from BMWFS) my Tu is like 690 with only 5 or so inqs. The new auto loan account is not reporting yet though. I think it will report with about $30,000 as the bal.
I honestly have about $26-30k in cc debt (prob pay 1500-3000 towards any given month)
Util overall is about 20%.
Ill be honest here. I am petty and DO NOT WANT ANY THING REPORTED AS "closed by credit grantor"
That is my number one concern here. I dont care about this card. I've held up my end of the bargain, and I dont feel like being treated like a criminal as GE did me (in the end the only thing that happed was I closed some accounts on my own!!!)
I'm smarter than this. Should I just close this piddly $10k line and be done with? That'd leave me with still $175k or so of avail credit.

What does everyone think? And if nothing else.. I pay it off after closed and open a new one with a new 0% period to use 😇💁😂

Please advise. Unless they are going to cli me to $15k with this account review, daddy is closing her. 👌

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Heh, I've got numbers that look way worse than you. (Try 53k in Auto Loans, 16k in Student Loans, 9k Total CC Debt) and no problems here.

CL on our Discover is 11k with 40% UTL right now.Knock on wood, Good luck with the review though.

[youngandcreditwrthy]

Thanks FinStar.
But I find your babbling unuseful.
Im aware of all of the above. You are not my mother and have chosen to not discuss which BANK you are employed with.
As such, stop babbling on about thing I already know.
Do you think if I call they WILL close the account?
As mentioned, I know my balances are relatively high. Although for my income, aaoa, total tradelines, etc... I am well within limits. And again, I try to pay 10% of all balances in any given month. I have no huge debt to income stifling mortgage, and only recently received the privelege of having an auto loan.
Please answer: should I close the account or do you think they will if they call?
Clearly, I am diligent, and my intentions are well.
Also, I mentioned I was truthful on everything and have been. No question of honesty. I think any consumer would feel disheartened or somewhat challenged/threatened when a bank they have done biz with for 2-3 years all of a suddent wants to do any account review. You know I havent defaulted, you know I like to make fairly large payments relative to the amount due/balance.

[youngandcreditwrthy]

Providing the information itself isnt the prob. The problem is that my record has been set. There is no reason why I would default or otherwise. The problem is the HASSLE. Three months is how long GEs audit took. My credit got better during that time. Util was even lower then-9-10%...
Hate to say this, but I think it's usually a matter of who I pissed off. Make someone mad when I called in? You know that kind of thing? That's what I witnessed with GE. With one poster here, they spoke with her and took the fraud alerts off immediately. With me they refused to even discuss it with me over the phone, and drag it out as much possible. As far as I can see it, that's really a violation of federal law. Not treating people equally. But that is not what this is about.

[FinStar]

It's simple - two choices: (1) provide the information and let the review process take it's course or (2) close the account.  No matter how you try to rationalize it, dramatize it or be in denial there's only going to be one outcome on this.

[yfan]

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@youngandcreditwrthy wrote:
Thanks FinStar.
But I find your babbling unuseful.
Im aware of all of the above. You are not my mother and have chosen to not discuss which BANK you are employed with.
As such, stop babbling on about thing I already know.

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Something about this strikes me as not being friendly, supportive and respectful.

[sccredit]

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@youngandcreditwrthy wrote:
Providing the information itself isnt the prob. The problem is that my record has been set. There is no reason why I would default or otherwise. The problem is the HASSLE. Three months is how long GEs audit took. My credit got better during that time. Util was even lower then-9-10%...
Hate to say this, but I think it's usually a matter of who I pissed off. Make someone mad when I called in? You know that kind of thing? That's what I witnessed with GE. With one poster here, they spoke with her and took the fraud alerts off immediately. With me they refused to even discuss it with me over the phone, and drag it out as much possible. As far as I can see it, that's really a violation of federal law. Not treating people equally. But that is not what this is about.

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I had the same with Discover about a year ago.  I called in, the call took about 20 minutes with an analyst.  They were concerned with the number of cards I had opened.  I went rhough the reasoning behind each, the inquiries related to a new car and the analyst was great.  I was extremely respectful to her, she was the same to me.  All in all it was a pleasent conversation.  In the end she left my credit line exaclty where it was at and advised to slow down on the number of cards I was opening (fair enough).  I have found Discover's CS to be, by far, my favorite.  

By the way, a few months later I asked for a CLI from them and my CL went from $10k to $12.5k

[lg8302ch]

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@yfan wrote:

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@youngandcreditwrthy wrote:
Thanks FinStar.
But I find your babbling unuseful.
Im aware of all of the above. You are not my mother and have chosen to not discuss which BANK you are employed with.
As such, stop babbling on about thing I already know.

---

Something about this strikes me as not being friendly, supportive and respectful.

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+1

[FinStar]

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@sccredit wrote:

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@youngandcreditwrthy wrote:
Providing the information itself isnt the prob. The problem is that my record has been set. There is no reason why I would default or otherwise. The problem is the HASSLE. Three months is how long GEs audit took. My credit got better during that time. Util was even lower then-9-10%...
Hate to say this, but I think it's usually a matter of who I pissed off. Make someone mad when I called in? You know that kind of thing? That's what I witnessed with GE. With one poster here, they spoke with her and took the fraud alerts off immediately. With me they refused to even discuss it with me over the phone, and drag it out as much possible. As far as I can see it, that's really a violation of federal law. Not treating people equally. But that is not what this is about.

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I had the same with Discover about a year ago.  I called in, the call took about 20 minutes with an analyst.  They were concerned with the number of cards I had opened.  I went rhough the reasoning behind each, the inquiries related to a new car and the analyst was great.  I was extremely respectful to her, she was the same to me.  All in all it was a pleasent conversation.  In the end she left my credit line exaclty where it was at and advised to slow down on the number of cards I was opening (fair enough).  I have found Discover's CS to be, by far, my favorite.  

By the way, a few months later I asked for a CLI from them and my CL went from $10k to $12.5k

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See, a perfect example.  Of course, YEMV.  Only way to know the outcome is when you have that dialogue with them, if you decide to go through it.