Macy CLI after CL decrease?

[Anonymous]

I had a missed payment a while back which Macy didn't report but they automatically (they told me it was autmated) decreased my CL from $5000 to $1000. They told me that I have to wait 6 months before I can ask for a CLI. Is this what I should do? Wait 6 months? And after 6 months should I ask for my $5000CL back?

[score_building]

Goosey wrote:
I had a missed payment a while back which Macy didn't report but they automatically (they told me it was autmated) decreased my CL from $5000 to $1000. They told me that I have to wait 6 months before I can ask for a CLI. Is this what I should do? Wait 6 months? And after 6 months should I ask for my $5000CL back?

you could call back one or more times to try again.  it couldn't really hurt with macy's and you may convince them.  if it is a no go, maybe wait 1-3 mos. still no? then by 6 mos. and with a decent purchase and credit profile you could be a shoe in for a restoring+ CLI. 

 in any case, macy's has been known to sometimes turn the other cheek even after things head south, ultimately with good behaviour you'll regrow the CL whether now or in a few mos. 

[Anonymous]

The CLD is definitely automated.

How late were you?

[Anonymous]

You know, Goosey, my experience with Macys is they will remove that missed payment (30-day late)? if you ask them and if you otherwise have a clean record with them. I had a 30-day late, back in 2003 - I think. I sent them a letter profusely apologizing, etc., and they removed the 30-day late.

On this forum, I have recently been reading some posts that suggests Macys is no longer giving CLI every 3 months. Not sure I buy that. My most recent Macys CLI was August. The one before that was May, and I plan on asking for another one in November. Every 3 months.

So, if  I were you - I would first send them a GW letter -  try to get that baddie removed.

.

[Anonymous]

Macy was actually nice enough to not report the late payment. But they did give me an automated CLD from $5000 to $1000CL. I'm just wondering how to approach Macy for a CLI. Should I wait a bit? And when I do ask for a CLI should I ask for my $5000 back or start with something smaller like $3000? 

[Anonymous]

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Goosey wrote:

Macy was actually nice enough to not report the late payment. But they did give me an automated CLD from $5000 to $1000CL. I'm just wondering how to approach Macy for a CLI. Should I wait a bit? And when I do ask for a CLI should I ask for my $5000 back or start with something smaller like $3000? 

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You can ask for whatever you want whenever you want if you are willing to accept a hard INQ and potentially receive "NO" for an answer. If you want to tread a safer path you will call in no earlier than three month after your GLD, ask them for whatever GLI you might be able to get without a hard INQ and graciously accept what is offered. If the answer is nothing you repeat the process at three month intervals until you get an increase.

[score_building]

Goosey wrote:

Macy was actually nice enough to not report the late payment. But they did give me an automated CLD from $5000 to $1000CL. I'm just wondering how to approach Macy for a CLI. Should I wait a bit? And when I do ask for a CLI should I ask for my $5000 back or start with something smaller like $3000? 

as PP you can call now and try to negotiate a restoral, say you'd like your full line restored if possible make sure you request no hard pull.  be super nice and you may want to include a couple of tid bits of why you are and will continue to be a good customer. this may not be worth it if you have a marginal history in which case you could wait the 3 months and try then.

if you have strong history besides the one late you may have a shot,  but they've tightened recently, YMMV.  it shouldn't hurt to ask unless you have marginal history that doesn't meet their requirements.  others have reported full restorals when calling right after a decrease, AND 1-3 months after a decrease, some with reportedly poor records for the most part have not been so lucky. 

[dfitzg]

same thing happened to me exactly six months ago i submitted payment on the due day and it posted the day after.

should i call and try to get it restored. and what number should i call? 

[dfitzg]

anybody ?

[Anonymous]

Why not! It's always worth a try.