Reply
Moderator Emeritus
Posts: 1,518
Registered: ‎04-20-2007
0

Bank of America $23,500 CLD

I was expecting this to happen:  I logged into my BoA Visa account information this morning, and saw my credit line was cut in half, from $47,000 to $23,500.  I'm not going to bother calling BoA about this. 

 

I really can't complain, given that $23,500 is still a respectable credit limit.  This CLD shouldn't affect my FICO scores, either. 

 

I know I'm not alone!

 

 

 

 

EQ 814 / TU 815 / EX 842
Highlighted
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Bank of America $23,500 CLD

psychic - curious to know a couple things on your card for comparison:

 

- what was your highest use of card (larget mid month or statement balance)

- what was your average use of card per month

- how long ago was your high use

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Bank of America $23,500 CLD

Ouch!

I keep waiting for the other shoe to drop on mine...
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
Posts: 570
Registered: ‎03-29-2008
0

Re: Bank of America $23,500 CLD

[ Edited ]

Ouch !!

 

Good positive attitude though.

 

Sorry about the CLD, you know your situation better than anyone.

 

I'm the same way with BoA really , I just don't want them to mess with my Merrill.

Message Edited by jaxstraw on 03-31-2009 03:32 AM
Jax

*************************************************************************************
Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

Re: Bank of America $23,500 CLD

Sorry to hear what happned to you. I guess cld  is the coming trend with banks and credit card companies.
Moderator Emeritus
Posts: 1,518
Registered: ‎04-20-2007
0

Re: Bank of America $23,500 CLD

txjohn wrote:

 

psychic - curious to know a couple things on your card for comparison:

 

- what was your highest use of card (larget mid month or statement balance)  My largest past balance is $14,570.

 

- what was your average use of card per month  I only use this card about 4 or 5 times a year.  In the past 2 years, I've probably only charged a total of about $200 on this account. 

 

- how long ago was your high use  My largest past balance was established in 1998 or 1999.  I haven't used this card on a monthly basis since 2003. 

 

 

 

EQ 814 / TU 815 / EX 842
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Bank of America $23,500 CLD

Sorry psychic. You'll get it back within a couple years easy.

*dashes off to check my accounts*
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: Bank of America $23,500 CLD

Ouch. Sorry to hear it psychic. BOA cut one my of CLs from $20,000 to $6000, and another from $5700 to $500. They said it was nothing against me, it is because of the credit climate.
Here we go again...
Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
0

Re: Bank of America $23,500 CLD

Ouch......   how old is this account?

 

I am half-expecting Chase to cut my 49k cc line. Actually, I am kinda surprised it hasn't happened yet. The most I run through it is 5k a month.

 

 

 

 

 

 

 

New York Yankees - 2009 World Series Champions. 27... and counting.....
Senior Contributor
Posts: 3,696
Registered: ‎01-10-2008
0

Re: Bank of America $23,500 CLD

sorry for the hit on your CL psychic.  just glad to hear there is not a significant adverse impact for you on this one.  i wouldn't be surprised by bad news from boa at any time either.

 

silly - i know, but your new limit being more than 3xs my highest, still looks dreamy to me Smiley Happy

 

with your attitude and profile you seem to be virtually 'weatherproof' even despite these displays from the big boys, i finally jumped on the cu band wagon successfully and can rest a bit easier now...*runs and checks boa online acct* lol

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.