Credit Cards

[Sully1229]

I just received a letter from B of A this morning. They have reduced my line of credit from $32,00 to $29,00. They state in the letter "this decision was based partly on information provided by the consumer reporting agency named below."  Good old Trans Union.

Hmm, could it have something to do with me taking advantage of an offer of Chase for a balance transfer before they become obsolete?

I used to be 768 on Trans Union a few moons ago. They are all in cahoots to justify their high interest rates. No more Bank of America for me, I'm taking out my savings and other things and will switch to Chase until they pull a stunt like this. Never missed any payments in my life, it's a joke!

[creditwherecreditisdue]

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Sully1229 wrote:

I just received a letter from B of A this morning. They have reduced my line of credit from $32,00 to $29,00. They state in the letter "this decision was based partly on information provided by the consumer reporting agency named below."  Good old Trans Union.

Hmm, could it have something to do with me taking advantage of an offer of Chase for a balance transfer before they become obsolete?

I used to be 768 on Trans Union a few moons ago. They are all in cahoots to justify their high interest rates. No more Bank of America for me, I'm taking out my savings and other things and will switch to Chase until they pull a stunt like this. Never missed any payments in my life, it's a joke!

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All that for this? That's just plain silly. And moving to Chase? ROTFL. Think twice before acting. You might avoid a serious mistake. If you feel compelled to move try a nice CU. Were I you I would maintain the status quo. You got a love tap. Best to let it pass.

[MarineVietVet]

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Sully1229 wrote:

I just received a letter from B of A this morning. They have reduced my line of credit from $32,00 to $29,00. They state in the letter "this decision was based partly on information provided by the consumer reporting agency named below."  Good old Trans Union.

Hmm, could it have something to do with me taking advantage of an offer of Chase for a balance transfer before they become obsolete?

I used to be 768 on Trans Union a few moons ago. They are all in cahoots to justify their high interest rates. No more Bank of America for me, I'm taking out my savings and other things and will switch to Chase until they pull a stunt like this. Never missed any payments in my life, it's a joke!

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They reduced it by $3,000? Heck within the past year BOA reduced my LOC from $26,500 to 0. So things could be worse right?

7/09
TU-742
EQ-779

Time can heal all wounds and a low FICO. 

[fused]

I also have a BoA Gold LOC. I'm going to check and see if they butchered my limit.

[Sully1229]

A love tap -- that's a cute way of looking at it. But the point was that I have CD's and savings in this bank if they are doing it to me, they will pick on other's as well. And once creditors see this they all chime in, let's face it our fico score is only great as long as we don't touch our credit lines, it's all smoke and mirrors!  A FICO MIRAGE!

[creditwherecreditisdue]

It is hard to expect perfection from issuers these days. If you do you are bound to be disappointed.

Did it occur to you that if you had not had the CD's and other deposits in the bank they would have totally closed this account down? These are hard times. Best not to up end the cart over a trifle. And this is a trifle.

Message Edited by creditwherecreditisdue on 07-18-2009 03:00 PM