UPDATE:Ge back at it

[FinStar]

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@shaun2009 wrote:
Wow so i just spoke with a Fraud Specialist and she told me that it was due to a recent CLI i requrested on my SHOPHQ card for $700 to make the total limit $2000 LMFAO ... she said she wants to look at the accounts more and call me back incredible...

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Now, THAT is an interesting development.  I'm thinking this may have been a random audit altogether since I don't see how a $1,300 CLI would have triggered it, unless you had done a massive CLI spree on their other CCs.  Not sure if they're also seeing any discrepancies with income relative with capacity, so who knows.

[FinStar]

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@navigatethis12 wrote:

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@B335is wrote:

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@youngandcreditwrthy wrote:
Not real sure why you're going off topic here, FinStar but okay lol

As per the topic on this post, I was providing the OP insight and guidance with my personal experience.
Furthermore, while GECRB has the authority to practice its business as it sees fit, that's not what I was suggesting should be limited.
What I'm suggesting is that, just as lenders are required to give reasons for denial of credit, it would be helpful for creditors to be required to give reasons for silly situations like this. There has to be a reason!
The CFPB studies consumer financial products and markets to learn how to better assess frequent occurring situations and solutions therein. They do much more than that too.
I think GECRB just thought that someone had stolen my ID and was committing fraud as a result of my aggressive credit building strategy, but I provided them with everything they asked so nbd. Additionally, they were unprofessional all around.
Point is- just comply and go about your business. It was easy for me to replace the $38k+of credit I lost with them with better credit, although only about half. Luckily, I had already cut $30k + of GE cred before they went bats*** crazy on me LOL

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I really agree, they should provide some insight for AA.  It's like they're paranoid the general population will figure out their superior internal risk analyses.  Good grief it's not top secret intel on an enemy state.

Yeah yeah I get it, they hold the gold, it's business, they're the all mighty rulers of everything that be, etc...  Then again the reasons given for denial are typically pulled from the proverbial hat.

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Why would they tell people what they find risky so they can avoid doing it? Say they said that if someone requests a limit of 25000 or more they freeze accounts and review income and other information. Obiviously people would request 24999 and let it be done. What's to stop someone from asking for 24999 and running the card up and defaulting. This is probably a poor example, but no lender is going to give insight as to wha the see as risky, because again, people would just avoid it.

Most likely any lender would become suspicious if all of a sudden someone was rapidly increases their limits on all of their accounts. It's not a normal thing for people to do and could very likely be something that someone who plans to default would do. American Express put me under financial review and wouldn't tell me why, but from what I read it seems that obtaining a business card and running it up can be a trigger. The card was only for 3000 , but it's 3000 they could lose so it's understandable. They restored the cards but a few months later decreased a 10800 limit to 1000 for "non use". I'm sure that wasn't the reason as it has only been about two months since I used it, but I just let it go because I couldn't care less. Most likely something I did was risky to them and they reduced exposure. They were the highest of limits back then, so perhaps they just didn't like that and with all of the new accounts it was too much.

I've not had adverse action from anyone else so far, but I believe it is understood that the people here who apply for multiple cards all of the time are risking be shut down. I'm one of them, so I'm not looking down or criticising anyone for it. Just saying that a lot of people here aren't normal customers and don't have a normal credit profile of only a few accounts.

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+1

[youngandcreditwrthy]

@FinStar..
Again- no idea wth youre talking about.
My point is Creditors lie about reasons for denying credit.
It's like when you break up with someone. You say "it's not you, it's me"
Lmao but we all know that ain't the truth! Lmao!

[B335is]

Navigatethis. My point is that credit card denials are required by law for a reason, but the reasons used are shoddy at best.

If they choose to take AA, we all know the warning signs here, whats the huge secret on their end? Say someone opens 20 cards in 6 months; why cant they come out and just say "excessive new lines opened" and be done with it. This isnt brain surgery.

[CreditExpressNJ]

Well all my accounts are back live without me evening having to mail anything back contacted the Corp Office verified that i added a AU and all accounts back live....same day which is today...

[myjourney]

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@shaun2009 wrote:

Well all my accounts are back live without me evening having to mail anything back contacted the Corp Office verified that i added a AU and all accounts back live....same day which is today...

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Congrats so what caused it the addition of an AU?

[CreditExpressNJ]

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@myjourney wrote:

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@shaun2009 wrote:

Well all my accounts are back live without me evening having to mail anything back contacted the Corp Office verified that i added a AU and all accounts back live....same day which is today...

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Congrats so what caused it the addition of an AU?

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Seems like it ... i guess because the AUs are not in my house hold what struck during the convo was i todl her my mom was on there because i was helping her with her credit with the AU and then it was two others and she asked me was i adding them for teh same reason i said no those are people who are close to me which one is like a sister to me and i;m the god father to her daughter and told her to use that card anytime she needs something if she really needs too and the other my best friend whom also doesnt live with me or have the same last name or any family relation... after i cleared there names and said yes i added them my accounts were brought back live.

I think GE Is aware of the piggybacking thing and frooze the account to verify why i added them.

[09Lexie]

Interesting. I'm inundated with emails from GE to 'share the benefits' of their cards. If I can recall, they don't ask relationship or address of the AUs. Glad I only 'shared' the benefits with DH.

[waiter]

shaun2009:

Can you share their corp office contact with me please, my and my DW accounts are frozen for past 2 months, and i got no where with front line customer service.

Thanx.

[CreditExpressNJ]

sure gonna send right now.