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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

BOFA Secured Question!

When you call to unsecure do they pull a hard on your CR or a soft? Also if you just wait an let them unsecure it automatically is it a hard or soft.

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


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Frequent Contributor
creditreformer
Posts: 395
Registered: ‎04-25-2008

Re: BOFA Secured Question!

I have called ba 2x about getting mine unsecured (9 stmts have cut).  Both times I was told-

 

It WILL be a hard on EX.  if EX is frozen, they *may* pull another CRA

 

They will NOT unsecure the cc if you have ANY CAs on your acct within the past yr (even if it is an old ca that updates regularly)

 

Both times, BA suggested I wait for it to unsecure on its own.  1 rep said if ba does it on its own it will be a soft- the other did not say anything.

 

Others have posted that BA is more + more often doing HARDS if you ask them to unsecure.  seems like they're tightening up.

 

fwiw, i've NOT see any softs from ba + my 10th stmt just cut.

Valued Contributor
tray
Posts: 1,320
Registered: ‎01-29-2008

Re: BOFA Secured Question!

Hi, I called the secured credit department at BOA to have my secured card at nine months unsecure, this was done last year in June.  It was a hard pull on my TU report and I recieved a cli of $500.00 total card limit made it to$1,000.  With this economic credit downfall who knows what is happening nowadays.  All I know now they mainly like to check EX cr so you know, I was lucky that at that time TU was checked, my EX report 3 baddies on mine and for now can not get another cli from them.  Good Luck and be persistant if needbe.

Starting Score: EQ 546 TU 566
Current Score: EQ 693TU 08 729 EX 08 738Need to Garden/New Accounts
Goal Score: 800
Established Contributor
nicemann
Posts: 583
Registered: ‎03-12-2008

Re: BOFA Secured Question!

I just waited for them to unsecure it.  I believe it was around the 9 month mark.  No hard INQs from it.  I only got an $200 CLI but I called them as soon as I got my check back from my deposit.  They gave me an additional $500 CLI with no hard.

 

 Even since then I call about six months or so for a CLI.  I currently have a total over $25,000 CLs with them on 5 cards.  The secured card started with $300 but it has a CL of $15,000 today. 

 

Can't complain about BoA....always been fair to me!

As of 04/23/2011 - 731 for EQ FICO
As of 03/02/2012 - 779 for TU FICO
As of 12/2010 - 720 - 729 For EX (Chase FICO Score Provided by EX)
Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: BOFA Secured Question!

[ Edited ]

creditreformer wrote:

I have called ba 2x about getting mine unsecured (9 stmts have cut).  Both times I was told-

 

It WILL be a hard on EX.  if EX is frozen, they *may* pull another CRA

 

They will NOT unsecure the cc if you have ANY CAs on your acct within the past yr (even if it is an old ca that updates regularly)

 

Both times, BA suggested I wait for it to unsecure on its own.  1 rep said if ba does it on its own it will be a soft- the other did not say anything.

 

Others have posted that BA is more + more often doing HARDS if you ask them to unsecure.  seems like they're tightening up.

 

fwiw, i've NOT see any softs from ba + my 10th stmt just cut.


 

BOFA soft me last month on my TU credit report. See this is what I'm afraid of when i first applied for the secured card they pulled EX. I still have a paid collection showing on my EX report an if i call to ask them to unsecure most likely with will pull EX which i also have allot of new account an inquries showing on all my CR. I think I'm gonna wait for them to unsecure it there self i might mess myself up if i call an ask them to unsecure it.

 

Message Edited by mjbfan79 on 03-22-2009 11:32 AM

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


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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: BOFA Secured Question!

I also don't need anymore hard inquries on any of my CR so if they soft you when they unsecure you there self i think i will wait on them. Do they hard you when you do a product change?


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


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Established Contributor
nicemann
Posts: 583
Registered: ‎03-12-2008

Re: BOFA Secured Question!


mjbfan79 wrote:

I also don't need anymore hard inquries on any of my CR so if they soft you when they unsecure you there self i think i will wait on them. Do they hard you when you do a product change?


 

I never got a hard for a product change, done it twice with them.  You do of course get a hard if you are applying for a new TL even if you already have a card with them.
As of 04/23/2011 - 731 for EQ FICO
As of 03/02/2012 - 779 for TU FICO
As of 12/2010 - 720 - 729 For EX (Chase FICO Score Provided by EX)
Mega Contributor
Creditaddict
Posts: 16,884
Registered: ‎10-23-2007

Re: BOFA Secured Question!

I just called Friday as I am at 9 months.

They declined me to unsecure the account.

Not sure if they hard pulled or not, Equifax credit monitoring is down again... I'm so canceling them monday

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: BOFA Secured Question!


nicemann wrote:

 

I never got a hard for a product change, done it twice with them.  You do of course get a hard if you are applying for a new TL even if you already have a card with them.


 

Ok so no hard for a product change coo.

 


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


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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: BOFA Secured Question!


Creditaddict wrote:

I just called Friday as I am at 9 months.

They declined me to unsecure the account.

Not sure if they hard pulled or not, Equifax credit monitoring is down again... I'm so canceling them monday


 

Maybe you can call one of the backdoor numbers after you find out if they hit you with a hard inquire an try to get someone else to unsecure it. Find out if they hit you with a hard an let me no please. I think i'm just gonna wait it out an let BOFA unsecure it there self

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


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