Bank of America Reconsideration?

[jsucool76]

Congrats. Hope everything works out with the guarantor. I just got this card with a $700 limit.

Question from me though, for anyone. Is a credit card guarantor the same thing as a cosigner?

[LS2982]

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@jsucool76 wrote:
Congrats. Hope everything works out with the guarantor. I just got this card with a $700 limit.

Question from me though, for anyone. Is a credit card guarantor the same thing as a cosigner?

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AFAIK I believe so. Both are on the hook for any negatives and payments.

[JaeJae12]

The difference is with a guarantor u get your own account which the ( guarantor) can't have access to be he/she is liable if u go in debt or default on your CC, the co-singer has access to your credit card account I believe.

[jsucool76]

After some quick research i have discovered the difference xD

Cosigner is jointly liable, but banks only go after a guarantor after all means of debt collection with the account holder have been exhaust.

[tatterz]

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@dodgerslv wrote:

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@padredelosninos wrote:

Every time I've called I've had great success, just be prepared for a potential HP. t will depend on your scores, your income and what you can talk through with the agent. I've done it multiple times tho.

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+1...i agree, they are great to recon with but dont be surprised if they pull another report. They seem to pull EX and TU for the most part. Good luck and keep us updated!

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Wait, huh. They don't do another HP do they? I applied for BBR and got denied and recon was unsuccessful, saying I opened too many new accounts recently (3 accounts). I'm gonna try to recon again..if I don't get the card, no biggie I just gotta garden.

[enthuseyourcurb]

Just got a call back from their credit analyst department. Approved with a $1000 limit, and between the time I applied and the time I recieved my decision, they started to give an extra 10,000 points on $500 spent within the first 90 days. If I'm not mistaken, that's about the equivalent of $100, which is a nice added bonus. 

[CS800]

BOA is generally good with recons. I got the 10 day message when I applied and called them, they approved me

Fingers crossed for you

[09Lexie]

Congrats!