I can truely understand certain reasons for doing an AA but what is most worrisome, as pointed out earlier in a recent post, is for someone who is paying their accounts on time, whether it be a revolving limit or paying in full each month, being shut down or having to worry about being shut down.
Yes i realize some may have riskier profiles but if you are fulfilling your end of the bargain, always paying on time with ,in this case your Sync account, and/or your other accounts, there should be no reason to shut that person down. Start missing payents or suddenly maxing out your cards or not using your cards for over 6months to a year, ok, those can be some serious signs, but in no way should a person be penalized for showing responsible use with a limit YOU authorized!
Im trying my best to right my past wrongs and have been doing quite well the past 2 years rebuilding my credit with positive credit habits.
But being that i do have a bankruptcy on my record, im sure i am still considered a risk in all these algorhythms this companies use. It should be a little concerning that even with use and,timely payments, you can find yourself in a situation being felt by many here lately. Sync, please righr yourself soon cuz i feel you may lose some reslly great clients soon.
Yes i realize some may have riskier profiles but if you are fulfilling your end of the bargain, always paying on time with ,in this case your Sync account, and/or your other accounts, there should be no reason to shut that person down. Start missing payents or suddenly maxing out your cards or not using your cards for over 6months to a year, ok, those can be some serious signs, but in no way should a person be penalized for showing responsible use with a limit YOU authorized!
Im trying my best to right my past wrongs and have been doing quite well the past 2 years rebuilding my credit with positive credit habits.
But being that i do have a bankruptcy on my record, im sure i am still considered a risk in all these algorhythms this companies use. It should be a little concerning that even with use and,timely payments, you can find yourself in a situation being felt by many here lately. Sync, please righr yourself soon cuz i feel you may lose some reslly great clients soon.
Ill be the first to admit when calling CS and getting much better cls can be excilarating and addicting. Sometimes, especially with all the talk here on hitting the luv button, even after you get that big cli from CS, like a couple weeks later go by and you're like wonder if i can get some more and bam! You hit the luv button only to get the infamous white letter. If i counted how many white letters from Sync ive gotten since i opened all my accounts, i must admit, guilty as charged: ( WAY 2 many ...) Thankfully not all is lost Thanks to this ongoing thread, what i like to coin " The Sync Saga" , and to my constant learning from my fellow myficoers, i am slamming on the brakes . I look at my current profile, where i want to go, and realize... Yes im happy with my current credit limits. They should be sufficient with my income and spend to help get me to my goal of gardening for 2 full years so i may hit the next stage of good healthy credit!. If i can weather this storm surely there lies a beautiful sandy beach with lots sunshine to light the way. My best to everyone for a great night and continued insight into the "SYNC SAGA" HAHAHA
@Anonymous wrote:
@Creditplz wrote:
I've spent 5k in 3 months on my Synchrony cardswhich total 83k and PIF all except $15 on Ebates
True, but usage is only one aspect that lenders may look at.
83k in exposure with one lender is high exposure. We have to remember that most of the population does not have nearly that level of exposure with a single lender, so we do stand out like a sore thumb, unfortunately.
^^^^This
apps should be planned and gardened. I maintain my scores by apping only when opportunity presents itself. I do not have quite 2x available (anymore, after my new job), so small fluctuations when cards raise cli vs closing are five to ten points at the most. I offered my sis referral for another 0% card, she did not go for it. John Q. Public is not interested in apping to improve scores. They are not familiar with the latest FOTM card, so barely if any hp's. Sorry some are experiencing this phenomenon, but I can assure you, most folks are not. My friend with recent BK is perfectly happy with one card from cap one with 1500 limit. My coworkers were not aware there were cards that gave 5% cash back on groceries (much less 6%). We are outliers to the general public.
That at being said, the recent stats on delinquencies, which caused the market reaction with financials (they have since started to rebound), is based on the general population as well. John Q does not usually lie (I hope) on apps for income, but the overexposed myfico folks fall in the computer risk algorithm along with the general population most likely to default. Of course, this risk model was outsourced to lexis, so it is meant to bolster profits by ordering 4506ts. Just going only for credit as needed right now, with the banks tightening up, is better in the long term. I have received apr reductions recently, I have called for various aspects about cards, no one is investigating me so far.
To keep or not to keep, is individual. Personally, just having a couple of cards that offer 0% promos can overtake the loss of a synch card. JMHO.