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Are DCU CLI reported as new tradelines?

cr101
Established Contributor

Are DCU CLI reported as new tradelines?

Sounds silly, but I've had bad experiences w them and PPMC reporting new tradelines when you would think it wouldn't be created/reported... I clicked the Accept button for a CLI and I've received a message on the site about my 'loan application' and I've received emails about my 'loan application'. 

Message 1 of 9
8 REPLIES 8
Gmood1
Community Leader
Super Contributor

Re: Are DCU CLI reported as new tradelines?

No not IME. It's only a CLI.



My most prized tradeline.
Message 2 of 9
mrEus
Established Contributor

Re: Are DCU CLI reported as new tradelines?


@cr101 wrote:

Sounds silly, but I've had bad experiences w them and PPMC reporting new tradelines when you would think it wouldn't be created/reported... I clicked the Accept button for a CLI and I've received a message on the site about my 'loan application' and I've received emails about my 'loan application'. 


Because you're applying for more credit on your existing line.  Just the way they're wording it. 

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Message 3 of 9
DaveInAZ
Senior Contributor

Re: Are DCU CLI reported as new tradelines?


@cr101 wrote:

Sounds silly, but I've had bad experiences w them and PPMC reporting new tradelines when you would think it wouldn't be created/reported... I clicked the Accept button for a CLI and I've received a message on the site about my 'loan application' and I've received emails about my 'loan application'. 


I've received several CLIs on my PayPal Mastercard, from the starting limit of $7k in 2017 to the current $12,500 CL and it's never changed anything on the reporting except the credit limit. I've never had a CLI on any credit account change anything but the credit limit.

Message 4 of 9
cr101
Established Contributor

Re: Are DCU CLI reported as new tradelines?


@DaveInAZ wrote:

@cr101 wrote:

Sounds silly, but I've had bad experiences w them and PPMC reporting new tradelines when you would think it wouldn't be created/reported... I clicked the Accept button for a CLI and I've received a message on the site about my 'loan application' and I've received emails about my 'loan application'. 


I've received several CLIs on my PayPal Mastercard, from the starting limit of $7k in 2017 to the current $12,500 CL and it's never changed anything on the reporting except the credit limit. I've never had a CLI on any credit account change anything but the credit limit.


I misworded that. I meant that PPMC reported things as a new line when they shouldn't have (my replacement card). Can you imagine how cautious and disciplined we'd all be if CLI were reported as new accounts? LOL

Message 5 of 9
Mv350
Valued Contributor

Re: Are DCU CLI reported as new tradelines?

Dcu calls all credit products, loan applications

 

I asked them when I applied for the Visa card, it freaked me out that it said loan application

Message 6 of 9
dragontears
Valued Contributor

Re: Are DCU CLI reported as new tradelines?


@Mv350 wrote:

Dcu calls all credit products, loan applications

 

I asked them when I applied for the Visa card, it freaked me out that it said loan application


In my experience, most CUs do this

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Message 7 of 9
DaveInAZ
Senior Contributor

Re: Are DCU CLI reported as new tradelines?


@cr101 wrote:

@DaveInAZ wrote:

@cr101 wrote:

Sounds silly, but I've had bad experiences w them and PPMC reporting new tradelines when you would think it wouldn't be created/reported... I clicked the Accept button for a CLI and I've received a message on the site about my 'loan application' and I've received emails about my 'loan application'. 


I've received several CLIs on my PayPal Mastercard, from the starting limit of $7k in 2017 to the current $12,500 CL and it's never changed anything on the reporting except the credit limit. I've never had a CLI on any credit account change anything but the credit limit.


I misworded that. I meant that PPMC reported things as a new line when they shouldn't have (my replacement card). Can you imagine how cautious and disciplined we'd all be if CLI were reported as new accounts? LOL


Ah! That seems to be a Synchrony special - I lost my Walmart store card a couple years ago, replacement card reported as a new tradeline, but at least with the original open date. And the old card reports in Closed Accounts, and as one of my oldest cards it helped my AAoA.

Message 8 of 9
Birdman7
Super Contributor

Re: Are DCU CLI reported as new tradelines?

Dave, you are lucky, synchrony usually puts a fresh date on the new tradeline date, from what I've read. 

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Message 9 of 9
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