Between the beginning of July to now I have raised my score over 125 points, and turned my report from dirty to clean. Within the past few weeks, I have tried to request CLIs with Discover and Amex both of them have declined my request due to the fact that the scores/reports they are using are from June/July (high utilization/collection account [paid off about 20k of debt and got a collection removed])...
My overall question; is there a rule of thumb when they pull these soft pulls that they use? Should I wait for the next quarter, 6 months? Is there no set timeframe so I should just try "in the future"?
Any insight would be greatly appreciated.
I don't think there is a set time frame; it varies by lender. I would say wait another 2-3 months and try again.
@OmarGB9 wrote:I don't think there is a set time frame; it varies by lender. I would say wait another 2-3 months and try again.
Fantastic, that was some guidance I was looking for! Thanks for your input!
@UntamedDeviance wrote:
@OmarGB9 wrote:I don't think there is a set time frame; it varies by lender. I would say wait another 2-3 months and try again.
Fantastic, that was some guidance I was looking for! Thanks for your input!
You're welcome, but keep in mind, my advice is basically just an educated guess. It's quite possible you have to wait longer, like 6-12 months.