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Hello all. I am looking for some advice. First is I jumped the gun for a GE payplal CLI. I requested one prior to my 4th statement cut Declined. Then I requested another after the statement cut. They were about two week apart. Both times I was told not eligable. I checked all my reports for SP and the most current pull was 3/27 on TU. Which was prior to me event requesting CLI.
My question is when should I ask for another increase? I was thinking to just wait till 6th cut. When do you think would be a good time to ask at this point?
Also while I have you guys here might as well ask away but first provide you with so info.
Applied Bank 500 (secured) 08/2012
matrix discover 300 (secured) 08/2012
Victoria 750 12/2012
Paypal 1000 12/2012
Barclay 1000 12/2012
FMC 16757.00 01/2013 (loan amount)
AU
Citi 17300 05/2008
Home Dep 5001 05/2009
Lots of Inquires! Many are from august 2013. FIrst auto purchase attempt.
I want to close both the secured cards. Should I wait? Or do it now? I am a little worried about AA from Barcly. I am In the garden and have received silver today. I plan to stay for a long time. Even if I AA from Barclays. Say if I close Applied bank and Matrix and the unforunate event happens and I get AA. Do you think that I have enough to remain in the garden for a year possibly 2.
Thank you for your insight and wisdom.
@staifokuzed wrote:Hello all. I am looking for some advice. First is I jumped the gun for a GE payplal CLI. I requested one prior to my 4th statement cut Declined. Then I requested another after the statement cut. They were about two week apart. Both times I was told not eligable. I checked all my reports for SP and the most current pull was 3/27 on TU. Which was prior to me event requesting CLI.
My question is when should I ask for another increase? I was thinking to just wait till 6th cut. When do you think would be a good time to ask at this point?
Also while I have you guys here might as well ask away but first provide you with so info.
Applied Bank 500 (secured) 08/2012
matrix discover 300 (secured) 08/2012
Victoria 750 12/2012
Paypal 1000 12/2012
Barclay 1000 12/2012
FMC 16757.00 01/2013 (loan amount)
AU
Citi 17300 05/2008
Home Dep 5001 05/2009
Lots of Inquires! Many are from august 2013. FIrst auto purchase attempt.
I want to close both the secured cards. Should I wait? Or do it now? I am a little worried about AA from Barcly. I am In the garden and have received silver today. I plan to stay for a long time. Even if I AA from Barclays. Say if I close Applied bank and Matrix and the unforunate event happens and I get AA. Do you think that I have enough to remain in the garden for a year possibly 2.
Thank you for your insight and wisdom.
-What is your overall util??
-Did you get your decline letter in the mail??
I made a Mistake my utility is 18%.
The luv button. And I was thinking it would be a good idea to call credit solutions. Any one know which number would be best? Also I was thinking 6 months but your suggestion for total of 8 months sounds good. Maybe they will auto luv while I wait.
edit 6th statement cut. Not 6 months from now.
@staifokuzed wrote:
Update! I got the letter denial letter today.
Derogatory/collection filed
Length of time accounts have been established
To few account currently paid as agreed ( only baddie is judgment)
proportion of loan balances to loan amount is too high
Transunion score 663
Now what is strange the score section is dated for February 7 2013. But when i checked sorts i was last pulled March 27. I requested the increase and letter is dated April 21.
On February 7 I would not of made my first car payment by then. It updates around the 21st. So the balance would be for the full 16757 and not the 16036 that is reporting now. Any one have any clue as to why the used such an old score. That would have to be the lowest point. Fresh score drops all the way around.
Now you guys think that even another 4 months will be enough? Or do you think that i should wait a little longer?
You could do 2 things:
Call Credit Solutions now (I would not if your file hasn't changed a good bit since their last SP for this denial)
or wait 6 months an call them (better idea)