Appealing Credit limit with saving statements

CIMA_LOVER

Hi all,

I try to increase the limit of my account on my Barclaycard (currently £2450, 14.9%, used daily), and was refused.

When I queried the customer rep, she told me it was simply a case of "computer says NO" lol.

Is there any way I can appeal this desicion?? The account has run perfectly, (No missed payment, never over the limit, etc etc) over the last 2 years (held the account for 4 years), and my last limit increase was in July 05.

I currently have £22500 in savings. Is it worth writing to Barclaycard and appealing the decision and enclosing my saving statements??

Before for you ask, I cant change my credit card provider! (have a default)

Rafter

Have a default, credit card company won't give increase = reason?

Why would Barclaycard give you an increase when your own credit file says you have defaulted on debt in the past?

R.

asharon

just a thougt but if you wanted to buy something la
rge you could always prepay it ?

CIMA_LOVER

because they dont not check your credit file, when you ask for credit limit increase so they have no way of knowing that I have a default. + they have increase my limit before when I had a default so whats the different now!

Barclaycard uses behavioural scoring existing customers,

vwman_3

CIMA_LOVER wrote:

Barclaycard uses behavioural scoring existing customers,

Excuse the ignorance but what is 'behavioral scoring'

CIMA_LOVER

https://www.asor.ms.unimelb.edu.au/presentations/marinopoulos200202.ppt

CIMA_LOVER

http://www.baycorpadvantage.com/Products_and_Services/product_behavioural_scoring.aspx

CIMA_LOVER

http://imaman.oxfordjournals.org/cgi/content/abstract/4/1/73

vwman_3

Thanks for the light reading, I'll put the kettle on, this could be a long afternnon.........

Towen_2

CIMA_LOVER wrote:

because they dont not check your credit file, when you ask for credit limit increase so they have no way of knowing that I have a default. + they have increase my limit before when I had a default so whats the different now!

Barclaycard uses behavioural scoring existing customers,

Barcalycard's Behavioural score includes characteristics obtained form Experian's DCM block (an automatic monthly feed of Bureaux data on every account Barclaycard hold, without needed to perform a credit check!) so Barclaycard will know about your default.

Towen

CIMA_LOVER

Towen wrote:

Barcalycard's Behavioural score includes characteristics obtained form Experian's DCM block (an automatic monthly feed of Bureaux data on every account Barclaycard hold, without needed to perform a credit check!) so Barclaycard will know about your default.

Towen

How do you know that? And why would they increase my limit know I have a default???? :eek: