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**BOA New CLI Policy**

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MrCredit
Established Contributor

**BOA New CLI Policy**

I talked to three different analysts on the phone number in the forum for

the credit dept. They state they will do a hard pull on EX for all new CLI 

requests. This apparently is a new policy they have instituted. I cancelled

my request. The site does a soft and they follow up with a hard. From 

another poster in the forum just a couple of weeks ago they did the same thing

to him. 

 

That sucks! 

Message 1 of 24
23 REPLIES 23
fused
Moderator Emeritus

Re: **BOA New CLI Policy**

My wife is not going to like this change. For years, she always received CLIs without a hard pull.

Message 2 of 24
KIPPIE12
Established Contributor

Re: **BOA New CLI Policy**

Sounds like Barclays and Chase.  Maybe some tightening up is on the way?  Wonder if Citi will follow suit.

Current Score: EQ: 828, EX: 833, TU: 820 Citi TY Premier WEMC 46.5, (Since 1983)Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| Cap One QS WMC 15K|Chase Freedom VS 19.3k|Citi Dividend WEMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Macys 5k|Sams MasterCard 15k|Barclay Arrival Plus WEMC 18.7k|Chase IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k|Amex Everyday 16.2|BBVA Amex 22.5k|Total Rewards VS 12.5k|SGV 10K|Venture 12k|BOA Virgin Atlantic WEMC 11.2K|MB Amex 9.5k
Message 3 of 24
jason86423
Frequent Contributor

Re: **BOA New CLI Policy**

My latest Citi CLI was indeed a hard inquiry.  Citi seems hit and miss on theirs though.  For me it has been every other CLI request has been a hard pull.

Message 4 of 24
johnnie198x
Contributor

Re: **BOA New CLI Policy**

This is indeed very new. I just got a CLI a few days ago with no HP.  I think it's a good idea to freeze the reports.

AmEx Blue Cash Everyday - $1,100 - need CLI or will close
BankAmerica Cash Rewards - $10,000
Chase Freedom - $10,000
Chase Sapphire Preferred - $5,000
Chase Ink Bold - $5,000
Citi Platinum Select - $2,600
Discover More - $4,000
Message 5 of 24
Anonymous
Not applicable

Re: **BOA New CLI Policy**


@johnnie198x wrote:

This is indeed very new. I just got a CLI a few days ago with no HP.  I think it's a good idea to freeze the reports.


unless i'm mistaking, freeze would not prevent a hard pull in this scenarion. exhisting accounts still have access to your reports, even if frozen. i could be wrong though.

Message 6 of 24
FinanceGuy007
New Contributor

Re: **BOA New CLI Policy**

@Imducky  I think that they (existing creditors) can only do a soft when they are reviewing accounts if the profile is frozen.  To have permission to do a HP the consumer would have to unfreeze the report to allow the hard pull.


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


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Message 7 of 24
dp321
Regular Contributor

Re: **BOA New CLI Policy**

Well, I just put in a request online for a CLI, it pulled soft for me so far. We will see if I get a hard down the road. 


Starting Score: EQ: 703 (4/2011);
Current Score: EQ: 738 (04/2013)

Goal Score: ALL 800

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Message 8 of 24
Anonymous
Not applicable

Re: **BOA New CLI Policy**


@dp321 wrote:

Well, I just put in a request online for a CLI, it pulled soft for me so far. We will see if I get a hard down the road. 


Please do report back the results, I was going to put in for a CLI Dec 5th.

 

FWIW, I also spoke to two different reps before my last CLI and they both told me it would be a hard (they both said 100% guaranteed a hard) I clicked the luv button Sept 4th, Sep 6th logged into my online account and it reflected a 10K limit, soft pull only EX.

Message 9 of 24
dp321
Regular Contributor

Re: **BOA New CLI Policy**

Just got mine. No follow-up hard pull. Last CLI from in June for $1000 to $1500, this time $1500 to $4000.

 

Factors for success(I think):

1. Don't call - they worst they can do is to deny you. 

2. Do it s moderately long intervals, my last three were 5 to 6 months apart. 

3. Ask for a limit close to the highest you have reporting on your report, should go through fairly easily. 

4. Having no balance probably helps - the case for me for the last two times. 

 

Also, I think BOA reports new limit in a few days after approval - a plus if you want to reduce your util in a bind. 


Starting Score: EQ: 703 (4/2011);
Current Score: EQ: 738 (04/2013)

Goal Score: ALL 800

Take the FICO Fitness Challenge
Message 10 of 24
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