11-19-2009 06:26 AM
11-19-2009 06:49 AM
I've apped for BoA 2x in the past. Didn't have ugly scores or anything...denied. I guess I should be glad.
After 2nd denial I knew I'd never try again...even if I had perfect scores. They are not worthy of ME!
11-19-2009 06:54 AM
I updated my TU score today and it's at 787. Student loans end Mar. '10 and car loan ends Nov. '10. I have a balance of $3000 on the BofA cc (BT at 0% until Mar. '10) and it will be PIF before the offer expires. I have no other debt besides my mortgage ($118000), carry no other cc balances. I have had a Citi cc for 17 yrs, my first one while in college, and never experienced this.
Is the $3K the only revolving balance you are carrying? What kind of payment are you making against the $3K balance?
You also have a great deal of installment loans (SL's + Auto + Mortgage). BofA may not like your debt-to-income or available revolving credit-to-income ratios. As for having "never experienced" this there has been a large shift in the the credit markets and things work a little differently that they did as little as one year ago, particularly with regard to money center banks. BofA and Citi seem to be the institutions most likely to inflict seemingly unjustified AA.
11-19-2009 01:49 PM
11-22-2009 01:15 AM
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.