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To elaborate,
I was granted my CashRewards card (3k limit) in December 2012. Last week, I asked for a CLI to 7k, which was denied. I recieved my letter a few days later and it said "092 - Excessive Credit Obligations".
I don't get it. I make $90k/yr and I have rent and one car payment. I have a few other cards with $0 balances on them and I have 0 CA's now. I do have several CO's but they are all paid.
Thanks in advance.
How recent are the paid collections and did you try pay for delete instead of just paying them?
I don't have any CA's reporting. When I first got the card, I had 3-4 reporting.
@madmann26 wrote:To elaborate,
I was granted my CashRewards card (3k limit) in December 2012. Last week, I asked for a CLI to 7k, which was denied. I recieved my letter a few days later and it said "092 - Excessive Credit Obligations".
I don't get it. I make $90k/yr and I have rent and one car payment. I have a few other cards with $0 balances on them and I have 0 CA's now. I do have several CO's but they are all paid.
Thanks in advance.
You are expecting a lot if your FICO is accurate, but maybe you can just find a different lender to give you $7k.
@madmann26 wrote:I don't have any CA's reporting. When I first got the card, I had 3-4 reporting.
oh ok so there not reporting at all not even as paid collections, that is great
Give it a bit more time and you'll probably be fine.
Just be glad you can get in the door. Many of us don't have a way in and it is frustrating!! I would someone 500 dollars to get in!!