When is it safe to ask for a CLI

[ukikkgr]

My scores have been teetering up and down over the last year as I added new credit and debt to my portfolio. At my worst my debt ratio was 55% on a ceiling of $18,000 for revolving credit. Now my ceiling is $25,000 and although I've made on time payments I haven't eliminated debt as much as I've decreased my debt ratio. Right now I owe a total of $8746 on $25,500. The majority of balances are all on small limit cards. My highest card is a Cap One Plat MC with a $7500 limit. The largest balance ever carried on it was $3300.

 

 

 

Best Buy HSBC $1800-CL $1146-Bal on time

Cap One Plat MC $7500-cl $2136-bal on time

Bank of Am $5000-cl $1168-bal on time (not card holder/auth user)

Orch Bank $1350-cl $661- bal on time

Barclay US Airway-$1000-cl $269-bal late 3/2007

Exxon/Mobile $400-cl $46-bal on time

GE Cap/Pay Pal $260-cl $0-bal late 3/2008

HVFCU-LOC $8000-cl $3456-bal on time (Closed 2008 due to high balances)

Total $25310 $8882

 

 

I'm hoping to ask for a $10,000 Limit on the Cap One. I recently raised the US Airways from $500-1000. Should I hang tight, pay down more balances, or can I risk the rejection and ask for a CLI. I am refinianing my house next month and I just don't want to trip anything.

Edited May 8, 2012 by ukikkgr

[Unmet Potential]

i'd hit up barclays. if you ask it will be a hard, though.

[catindebt]

I would avoid asking for a CLI for the BOA. I once asked for a CLI with a balance and was CLDed. I was at 8800 and wanted 10K. I now try to stay under the radar with them.

[ukikkgr]

I would avoid asking for a CLI for the BOA. I once asked for a CLI with a balance and was CLDed. I was at 8800 and wanted 10K. I now try to stay under the radar with them.

 

 

The Barclay's was just raised from $500-1000 in April.

 

The BOA is not my card... I'm just an auth user. I make no charges on it and the balance is never over $1800 and "always on-time".

[ukikkgr]

I would avoid asking for a CLI for the BOA. I once asked for a CLI with a balance and was CLDed. I was at 8800 and wanted 10K. I now try to stay under the radar with them.

 

 

The Barclay's was just raised from $500-1000 in April.

 

The BOA is not my card... I'm just an auth user. I make no charges on it and the balance is never over $1800 and "always on-time".

 

 

I'm about to pull the trigger on my Cap One. Considering paying the balance down to $1600 on Friday and the requesting the CLI. I was recently denied for HSBC Best Buy but my balance was over 50%.