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BOA Secured Card Question

Moderator Emeritus

Re: BOA Secured Card Question



jburdette321 wrote:
Ok
Have a question on these cards
 
I have the 99/500 card and my partner has the fully secured card.. His reports as secured.. Is this a good or bad thing.. Not sure how mine reports



Yours most likely reports as secured as well.  As mjbfan posted above, the secured designation has no effect on FICO scoring.
 
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Valued Contributor

Re: BOA Secured Card Question



cheddar wrote:

Yours most likely reports as secured as well.  As mjbfan posted above, the secured designation has no effect on FICO scoring.

 
Hey cheddar i just checked my experian CC an the card is already reporting it's not saying Secured all it says is BANK OF AMERICA not that it makes a difference.


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Valued Contributor

Re: BOA Secured Card Question

I take that back it reports as secured.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge