General consesus of the board tells me to go wtih BOA secured
So today I opened a BOA checking account and Friday I am going to close my TD bank account because they do not offer secured cards
I have a chargeoff and 5 collections from 2004
In the past 4 months I have opened a First Premier card as well as Crown Jewlers and my score has jumped from around 500 to now around 600 (590-610)
My question is will BOA approve me for a secured card with a FICO around 600? Is it easy to get?
Once I get the BOA secured I am done
I will let my 3 TL's re-establish my credit and hopefully show the big boys that I am now credit worthy.
With all my baddies from 2004 I am so shocked that the 2 TL's (when I get BOA it will be 3) I currently have jumped my score that much...
I was approved for a standard BoA secured card that opened last March (2008). My scores were all rather low (high 400s to low 500s) but I had banked with them for a while and my accounts had been in good standing for over 6 months. I had several charge offs, 4 collections, and one account (maybe 2 if my CJ account had hit yet) in good standing.
I got the plain secured card, with a $300 limit - and after calling last week it was graduated and CLI'd to $800
Good luck to you, I think you'll get it, but ya never know.