1 of 6
3 years ago
Thu Aug 05, 2021 8:32 am
aj2121
Share Secured Rebel
aj2121 has been gardening for over 2 years.
I requested a CLI on my Lowe's card but was denied, I just received the AA letter and was surprised to see some of the negative reason codes.
Lack of real estate secured loan information does not seem like it should be the top negative factor of my profile, I currently have two cards with over 80% utilization so reasons 2 and 4 make sense.
But the most interesting reason code was the "Average Credit Limit on Open Bankcards is too Low". I was not aware that VS evaluated credit limits as a scoring factor, and apparently it is weighed heavier than having multiple cards with high balances.-
Score data
FICO8 EX: 715 EQ: 724 TU: 735
As of 4/6/22 - Classic 8 Scorecard CLEAN/THICK/MATURE/NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/MATURE/NEW-ACCOUNT
- AoOA 9y9m
- AoORA 9y9m
- Date of Last Inquiry and/or New Account Opening April 23rd, 2022