Just learned something new about CLI request with Discover

[bustinloose82]

One of the two reasons that I was denied a CLI with Discover was because they said I was a risk since I took a cash advance. I took one cash advance in two years with them, and I'm a risk. I pay my balance to zero every month now, and I have not once had a late payment. My credit report payment history is PERFECT. I do have one collection from four years ago that the company refuses to take off even though I paid it as soon as I realized it was there. It was a utility company that sent my final bill to the wrong address. As soon as I realized I owed them anything, I paid it immediately. Unfortunately, it had already hit the credit report as it was in collections. I have tried time and again to get that removed. The collection company says only the original billing company can take it off and the billing company says the same about the collection agency. I've accepted that it won't be off my report for another 2 years. 

My limit with Discover has been $1,000 since the day I was approved in May '11'. They were offering me a 0% interest on balance transfers today, so i tried to up my limit to $2,000 so I could put a high interest balance on it.

When they asked if I wanted them to look further into my credit and do a manual review, I said no thanks.

[tdrjustus3]

Would the manual review have been a HP?

[bustinloose82]

Yes. Would have been hard pull. I need to post my full credit profile and figure out why nobody is giving me a bump in credit.

Male 31

Income 73,000

CapOne (devil card that i cant get increase):$300 balance $0

CapOne (devil card two): $750 balance $370

Discover $1,000 balance $515

Barclays $2,200 balance $1,800

Bayport CU $5,000 balance $4,500

I would cancel both CapOne cards, but have had each over 6 years and it would bring my history down.

[pizzadude]

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@bustinloose82 wrote:

I would cancel both CapOne cards, but have had each over 6 years and it would bring my history down.

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Actually, closing credit cards won't do anything to your AAoA.   Cards remain on your reports for ~10 yrs from date closed and are still counted in your AAoA.   See this link:

http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/td-p/347190

Back to your question about CLIs ~ are there any negatives or lates showing on your credit reports?

[bustinloose82]

None. Just the collection that shows paid.

Excellent payment history.

So closing CapOnes won't hurt age of account history?

[thirst305]

Your current utilization is probably more of a "risk" to creditors than your prior history.  It is tough to get credit when it looks like you need credit.  

[elvigy]

Your utilization across all cards (from what you've listed at least) is 78%. I would imagine if you could get that down you might have a better chance.

Edit-If you close the 2 Cap One cards, your utilization would be even worse at 88%. So don't do that yet.

[pizzadude]

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@elvigy wrote:

Your utilization across all cards (from what you've listed at least) is 78%. I would imagine if you could get that down you might have a better chance.

Edit-If you close the 2 Cap One cards, your utilization would be even worse at 88%. So don't do that yet.

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+1.  I agree that lowering your utilization should help.

Also, the collection ( even showing as paid ) is a negative and hurts your FICO score.   Anyway that you can GW it off your reports?

[bustinloose82]

Sorry. New here. Is that good will? I have tried twice with collection and original creditor. I really don't understand why they have to feel like they have power over me. I also emailed the CEO of Virginia Natural Gas and received no response.

[pizzadude]

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@bustinloose82 wrote:

Sorry. New here. Is that good will? I have tried twice with collection and original creditor. I really don't understand why they have to feel like they have power over me. I also emailed the CEO of Virginia Natural Gas and received no response.

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Yes, that is a GoodWill letter ~ I'd keep trying, or possibly look for other contacts who might be able to help.