11 new accounts, 37K of new debt, and, if experian, a few new inquiries? yeah, I guess that could spook them.

As for putting 0% money in stocks, a hoary "rule of thumb" is to not allocate more of your portfolio into stocks than you can stomach taking a 50% loss on. So a 20% allocation would result in a loss potential of 10% of your portfolio, 50% stock allocation could result in 25% loss in your portfolio.

It's geared towards somewhat longer periods (2000-2002, or the 70's), but it's probably still adequate for an AOR. If you had a shortfall of 10% of your AOR money... how would you make it up?

no man at one time i had like 30 inquiries. the thing that pisses off citi is if they pull EQ this month then pull EXPERIAN the next month and find something that was not on the EQ report. like a negative. that will royally piss them off.

they used to do this. however if you had alot of "Baddies" on the original EQ report they wouldn't take adverse action.

i think we need to milk citi for what we can until they sell their car portfolio completely to chase before the ship sinks!

7 inquiries bumped off from EQ. Her EQ FAKO went from 680 up to 695:

FIRST USA 	07/30/2008 	Equifax 	 
CITI 	        07/30/2008 	Equifax 	 
CITI 	        07/30/2008 	Equifax 	 
CBUSA/CBSD 	07/30/2008 	Equifax 	 
USBK 	        07/30/2008 	Equifax 	 
CHASE 	        07/30/2008 	Equifax 	 
ADVANTA 	07/30/2008 	Equifax

She uses 5 services mentioned here and she added Credit Check Total a week ago based on a 19.95 per month retention offer discovered by yours truly.

She'll bump the remaining EQ and then cancel all services (all they're good for is bumpage anyway).

Mrs J's 1st CASH Returns card was closed approx 9/16 due to too many recently opened revolving accounts.

Her reevaluation to reopen from 10/25 was denied for a slightly differing reason: too many open revolving credit accounts.

Mrs J was denied a Citi card applied for on 10/31/2008. The email denial notice said "The credit privileges on your existing account(s) are currently restricted."

I'm going to call and ask how many revolving accounts she might need to close in order to have her account re-opened.

Absolutely.

It was a risk versus reward thing.

RECAP:

09/16:     Citi closed all of Mrs Jackcrawfish's accounts (ADVERSE ACTION)
10/25:     Citi credit management denied reopen request 
              (1st attempt to reverse adverse action)
10/31:     With nothing further Citi can take from Mrs J, attempted application for new card 
              (logic: in the same manner they deny CLI requests but grant new approvals if 
              applying for new card, she applied for a new card to test)

jackcrawfish said:jackcrawfish said:markkundinger said:Wow, can you tell how promptly Iberia/Pulaski did their pull? And did they ask you for any annoying income verification?Applied 7/31... Bureau pulled next day... Per True Credit: PULASKI/IBER 08/01/2008 TransUnion

No Income verification call to my wife....... wait... on the app as I recall there was a spot for employment verification... I gave them the 800 number for my wifes fortune 500 employer (provided them the access code and everything).There were 4 checks included in IBERIA welcome package. Every check was labeled in caps "VALID FOR BALANCE TRANSFER ONLY"

I think IBERIA treats balance transfers in a similar "delay-able" manner like Citi does...

Per terms and conditions:

Your APR for balance transfers processed within 3 months of your account open date will be zero percent for the first six billing periods from the posting date of the balance transfer check


I might utilize the card for a few purchases and initiate a BT on November 1st, 2008 (maybe rates will go up - inflation's over 5% now)...As most of you already know, BOA is a great card to BT str8 to checking for no fee. It makes a great laundry card in that one can BT multiple times.

Mrs J's Iberia card still had an untapped $0 fee BT offer that had to be initiated within 1st 90 days following open date... so....

We sent payment to BOA on 10/30/2008. Payment posted to BOA (11/2/08) and subsequently to Iberia card (11/3/08).

Iberia card showed no fee for the BT.

JAGLUR said:Did you have any success applying for Citi Cards after account closures?
Hope the test worked!

^Bump!?@

Does anyone ? how many Elan backed Biz cards one can have?

jackcrawfish said:JAGLUR said:Did you have any success applying for Citi Cards after account closures?
Hope the test worked!Citi did not approve her application for credit - as expected, they cited recent adverse activity as the reason.She applied again on January 9th of this year and was denied for the same reason: recent adverse action (albeit >3months ago). We made no phone calls to dispute their decision.