180 days CLI on Delta Gold!

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jumbo
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180 days CLI on Delta Gold!

Postby jumbo » Tue Jun 10, 2014 9:59 am

Going for 180 days cli on my Delta Gold.
My 61 days cli was on 8 December 2013. So now 180 days has passed, its perfect time.

Just curious to know if anyone has recently asked for a cli.
Any thoughts or should I just go for it...!
Currently the delta gold has 15K limit, thinking of asking 25K (without looking needy:pop).
What do you guys say?
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takeshi
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Postby takeshi » Tue Jun 10, 2014 10:47 am

People request CLI's all the time and their results don't mean anything as to whether you'll get one or not. If you want one, request it. No need to poll. No need to worry about "looking needy". If you don't qualify you'll get denied. If you qualify for less they'll counteroffer.

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jumbo
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Postby jumbo » Wed Jun 11, 2014 1:11 pm

went ahead and submitted the increase to 25K, and got the 7-10 days written response message.
Most probably a denial, lets see and wait.
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MemberSince99
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Postby MemberSince99 » Wed Jun 11, 2014 4:28 pm

If it was a computer generated denial it would have been pretty quickly you would have gotten an email telling you the result of their decision. I would assume it needs to be reviewed by a person and could go either way.

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Postby jumbo » Wed Jun 11, 2014 4:47 pm

Well, no emails yet, looks like a manual review.
Lets see which way it goes.
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Postby jumbo » Thu Jun 19, 2014 10:25 am

Finally the reason of my CLI decline came through mail, and the reason is
"income is insufficient relative to your overall debt obligations as reflected in our records or on your credit report"

If I am understanding correctly, is this what caused the decline:
My overall credit limit added together from all cards is around 50K and my income is little over 50K
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MemberSince99
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Postby MemberSince99 » Thu Jun 19, 2014 12:22 pm

I think that's close but not quite it. If I'm reading it right it means utilization and/or DTI as opposed to your overall limits. So they feel your debt load which isn't specified as to whether it's installment or revolving is higher than they want to see in relation to your income, not your limits.


That's how I read it.

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Postby jumbo » Wed Jun 25, 2014 9:44 am

Thanks for the explanation MemberSince99. That makes more sense.
Now I am more confused, because my overall credit utilization is around 15% and I pay in full every month.
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Postby MemberSince99 » Wed Jun 25, 2014 1:18 pm

Bear in mind they use the last time they softed you so if your utilization was higher then, that would explain it.



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