Discover requesting I call them

[CreditInspired]

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@UpperNwGuy wrote:

Did you call them yet?  What did they say?

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I logged on just to ask the same question. I’m dying to know the answer. 

[Anonymous]

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@adelphi_sky wrote:

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Yeah. I'm not buying that they want to reduce risk. If they want to reduce risk, seems like they shouldn't give out large CL in the first place. Don't approve me for $20k if I'm a few Utilization percentage points from some unknown risk algorithm that would cut my CL by hundreds or thousands of dollars while my credit report is flawless. That's bad business in my opinion. Don't bite the hand that feeds you. If I'm paying you interest, that's income for the credit card companies. If they feel that I'm paying to much interest, that seems antithetical to their profit motive. 

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So, why do you think they do it if not for risk?  Presumably not just to be mean!  As you say, it seems bad for business, UNLESS not doing it has worse outcomes, which again suggests that risk of loss really is the motivating factor.

[woodyman100]

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@K-in-Boston wrote:

OP's scores are great with no late history, and I'm going to assume that because of the score not ALL of the accounts are near maxed or maxed.  I'm placing a bet on the call being about the dispute, not the utilization.  DW had 80-90% utilization on her Discover for years, and my experience with AA such as balance chasing and APR hikes is that lenders just do it, and do not ask you to call to discuss it prior to it happening.  Also, @Anonymous congrats for getting back on your feet!

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Quadruple dittos!!!

[UpperNwGuy]

Seems like OP has vanished into thin air.....

[Anonymous]

So it appears it was about the dispute. They wanted more details and reopened the case.

This is a new and slightly worrisome way to contact someone. Normally they reference what they want to discuss.

On a side note, I've decided to move in with someone (pending approval) and devote about 3k a month to killing this debt.

[CreditInspired]

Thanks OP for following up with us.

Well it’s good to know—as some members believed—it wasn’t the high UT because I really thought that was the culprit.

Was it a large amount being disputed? Hmm maybe the vendor requested it to be reopen?

It’s good that you have a solution for quickly getting the debt down and GL2U.

[AverageJoesCredit]

Who are Cornelius snd Rupert?

[Cred4All]

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@AverageJoesCredit wrote:
Who are Cornelius snd Rupert?

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@AverageJoesCredit Rupert is a famous TV actor, playing role of a Stuffed animal on the popular series 'Family Guy'. Cornelius was a Roman centurion. .  Op thanks for the update and good luck on the debt plan / move!

[adelphi_sky]

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@Anonymous wrote:

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@adelphi_sky wrote:

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Yeah. I'm not buying that they want to reduce risk. If they want to reduce risk, seems like they shouldn't give out large CL in the first place. Don't approve me for $20k if I'm a few Utilization percentage points from some unknown risk algorithm that would cut my CL by hundreds or thousands of dollars while my credit report is flawless. That's bad business in my opinion. Don't bite the hand that feeds you. If I'm paying you interest, that's income for the credit card companies. If they feel that I'm paying to much interest, that seems antithetical to their profit motive. 

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So, why do you think they do it if not for risk?  Presumably not just to be mean!  As you say, it seems bad for business, UNLESS not doing it has worse outcomes, which again suggests that risk of loss really is the motivating factor.

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I just think it is a messy way of handling risk. Why not start with a conservative credit line and keep it there. After all, people's lives can change overnight. So, someone with a stellar history with 50% utilization may half to file bankruptcy for some reason. 

I'm sure they have their algorithms and all. But I would rather they deny a CLI than drawing down a CL on someone with no negatives on their report and a solid payment history. 

It will be interesting to see what credit card companies do when the next recession hits. Which many say will hit in 2020. 

[K-in-Boston]

@Anonymous Thanks for following up with us, and glad to hear that it was about the dispute.

Also, did I win a prize for calling it?