@Bman70 wrote:
@GoldenBoy1 wrote:Okay, so about 1 1/2 years ago I applied for the Bank Americard Secured and was approved. I put in 300.00 and have always been on time with my payment and 90% of the time I actually pay in full. I use the account religiously but only at about 20% of available credit each month. So after well over a year they still denied me to unsecure the card. The reason was 5 year old collection accounts which were obviously on my credit well before I took out this card. I currently have 5 bank cards and 4 dept store cards ( ALL OF WHICH HAVE NEVER ONCE BEEN LATE ).
Has anyone else had this issue with BofA? If so, when did they finally unsecure the card?
It's OK to be eager to get better credit. But with baddies, just remember it's a lot stricter and their "default" is "no." That will change. When I had baddies, I always took what I could get. After the baddies dropped off things started to get exciting, but it was a matter of years not months. So really, your future is bright, but a little patience might make the ride easier.
+1
