I'm looking forwardly to my 9 month anniversary on my Bank of American partially secured card in September. I still have 4 derogatory accounts (all PIF) showing on my credit report. Is this going to hinder the graduation at all? I've read of people who it didn't graduate for untill 11 months. Also, BOA did an account review of my Transunion report a couple days ago. Is this in preparation for the graduation, or so that they have a reason to deny me?
After the Cabela's blow I took today I'm worried that the BOA graduation I've been looking forward to is going to get screwed up also.
My BOA 99/500 unsecured this past February, which was 11 months after I got it. My scores at the time were low to mid 500s. I only PIF's maybe 3 or 4 times, and usually had a balance of 70%-90% but I was never late. But it just unsecured one day. I did get turned down for a CLI, however. But at this point, my scores are about 100-120 pts better and I have PIF'd every month since it unsecured.
Will try for another CLI after this whole mortgage thing is settled out. I dont want to do anything to mess with my credit while I am in underwriting.
You don't have to wait I called at the 9 month mark they did pull a hard on my TU and gave me a CLI. If you wait I think they pull a soft and send you your check.