Does a CLD trigger any neg effect on any internal scoring models?

[Anonymous]

Would like to move most of the limit off of one of my oldest cards leaving the limit at 1k.  Normally I'd move the whole thing and close it but being one of my older cards I'd rather keep it. 

[SouthJamaica]

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@Anonymous wrote:

Would like to move most of the limit off of one of my oldest cards leaving the limit at 1k.  Normally I'd move the whole thing and close it but being one of my older cards I'd rather keep it. 

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It could, I wouldn't mess with it.

[wasCB14]

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@SouthJamaica wrote:

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@Anonymous wrote:

Would like to move most of the limit off of one of my oldest cards leaving the limit at 1k.  Normally I'd move the whole thing and close it but being one of my older cards I'd rather keep it. 

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It could, I wouldn't mess with it.

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Could it? Maybe. None of us really know how internal scoring systems work (unless we work for banks in those departments and are willing to risk our jobs). Some banks' scoring systems may be able to distinguish between a "true" CLD and a reallocation.

It's worth mentioning that many people on MF move CLs around constantly with some issuers (Amex, Chase, Barclaycard come to mind) without any AA.

I don't know if OP has ~800 FICOs or ~600 FICOs. More info would be good.

[Anonymous]

778 TU / 763 EX atm.  Ultimately not worried about a fico score hit, just worried like you said if they can differentiate a consumer initiated reallocation vs a possible decrease from a lender and want to make sure internal models that companies use stay in positive tact.  Normally when I've done it, I've just closed the other accounts so it never came to mind.  Maybe me just being a bit too ocd.  lol

[Anonymous]

I would assume it has to do with how much exposure you have with that bank

[Anonymous]

I closed it and moved the whole thing to my CSP.  It's all good, I've got a couple others from around the same time and decided the age difference wasn't that significant enough and rather keep the number of cards I have per bank at a decent number.