They didnt send me a Platinum, but sent me a Gold with a $500 limit... Think I can get them to upgrade it to platinum? How long should I wait before I start harassing them for a CL increase?
Six months is their standard number, try calling retention near the fourth month, if that does not help try writing a letter through planent feedback. In time they will raise, $200 year one, $300 year two three increases during year 2. Now at $2,000 just entering year three. Current equifax score 546 recently lost points thanks to student loan.
They will not do anything with your account until one year of timely payments and no over limits. After one year, plan on getting small line increases in six month increments. Additionally, they don't report your credit limit to the 3 CRA's so it always appears as if you are maxed unless you carry no balance. Hope this helps. Sean
Amaineman, I picked up on your words: and it really got me thinking about something. I too have a student loan account listed on my reports from when I went to college back in '99 and I had no idea that this would lower points on your FICO and other scoring models. On top of that, the loan amount is divided into 2 separate accounts. Being that I pay a fixed installment amount every month to Sallie Mae, I thought it was supposed to look good on your credit reports. So, does anyone have an answer on this one? If it affects your overall score, then it would be best to pay off the loan asap if you are able to right?
