they never shut down unless you did something wrong or something abnormal! Explain the truth or don't talk about it
-.5I never messed around. Had a sibling who was shut down do to high utilization (not crazy high btw) and I was hit too.
I use my cards a LOT and my utilization is still at 1%.
No booking tickets for others with a different last name?
I was just shut down by citi for paying with third party checks.
regular spending or large amounts of MS?
I purchased quite a few iPhone on each card, I guess that would be MS.
figured. I know quite a few people who constantly pay with 3rd party checks and the only ones who get shut down are those who play games or do lots of MS. It seems they just use that as an excuse as its simpler and there is no creak way to fight it
Out of curiosity, is that a trigger?
They never actually told me why they closed my cards, nor do they have to as per the t&c. The above is just my assumption.
§ 202.9 Notifications.(a) Notification of action taken, ECOA notice, and statement of specific reasons—(1) When notification is required. A creditor shall notify an applicant of action taken within:...(iii) 30 days after taking adverse action on an existing account;...(2) Content of notification when adverse action is taken.(i) A statement of specific reasons for the action taken; or(ii) A disclosure of the applicant's right to a statement of specific reasons within 30 days, if the statement is requested within 60 days of the creditor's notification. The disclosure shall include the name, address, and telephone number of the person or office from which the statement of reasons can be obtained. If the creditor chooses to provide the reasons orally, the creditor shall also disclose the applicant's right to have them confirmed in writing within 30 days of receiving the applicant's written request for confirmation...(2) Statement of specific reasons. The statement of reasons for adverse action required by paragraph (a)(2)(i) of this section must be specific and indicate the principal reason(s) for the adverse action. Statements that the adverse action was based on the creditor's internal standards or policies or that the applicant, joint applicant, or similar party failed to achieve a qualifying score on the creditor's credit scoring system are insufficient.
Actually they do.http://www.law.cornell.edu/cfr/text/12/202.9
I got this email yesterday, anything to worry ? Is this mandatory ? If I wont update this info will they shut me down ?
Thank you. And you passed the deadline mentioned in the email ?
