View Full Version : Credit Card account suspended


Zombie_Don
Hello, it's been a while since I last posted.

About 4 years ago I bought our first home and since then racked up a rather large cc bill. Back in Jan of this year it was roughly $5k. I paid off $1000 of that in March with some of my tax money. In April of this year my CC company set me up on a payment program that suspended my account and allowed me to pay what I could afford each month. Agreements were verbal and nothing in writing.

In May I paid off the remaining $4k with bonus money I recieved from my job. When I agreed to the program I was told my cc would be reinstated if I paid the remaining balance off.

In June I called DiscoverCard to have my card reinstated and they told me they could not do so because a review had to be done after 6 months(Oct).

So today I called them to have the card reinstated and a review was done after checking my Credit Score over the phone. They denied it because my score did not meat their critera. Which they could not disclose.

Last summer I got behind on some bills take my credit score from a low 700 to 520 last time I checked back in Jan of this year. I've done a much better job now of keeping up with my bills and would have liked to have had my CC for emergencies and such. But it looks like a screwed my self yet again...

Firstly, can Discover Card do this?

And is there any advise other then continue to pay my bills ontime?

Thanks

alex_henko
Consider Piggybacking

If you have very little credit history or very poor credit history, ask a parent or a trusted friend to add your name to their credit card. If they agree, you don’t have to use the card, but their superior credit history will begin to reflect on your credit score.

All the best...............

mikemoo
Discover has every right to deny reinstatement, but I am surprised they did not disclose the reasons for not reinstating. I believe that is required.

Discover expects good to excellent credit. Find a card issuer that will accept average credit and you will have a chance to build up your credit history.

Brawill
Consider Piggybacking

If you have very little credit history or very poor credit history, ask a parent or a trusted friend to add your name to their credit card. If they agree, you don’t have to use the card, but their superior credit history will begin to reflect on your credit score.

All the best...............

I have seen some peoples doing the same. Adding their name with someone else credit cards. And this will gives a good effect on boths transactions.

George23
Yes, continue to pay your bills on time but you also may want to check your credit report just to make sure that there are not any false items that are decreasing your credit score more than it should be.