Reply
Established Member
Posts: 31
Registered: ‎07-22-2008
0

BofA Pre-approved offers

They ask for a social and it says "In order to pull your credit", however I've heard or seen that it is only a soft pull??? How is that if I don't already have an account with them? Can they do a soft pull on a non account holder?
 
Anybody know which BofA cards are easier to get? My scores are TU717 EQ735 and EX 740. I guess I'm skeptical  as I'm self employed, seems to be a hang up with some, even with a fairly deep credit history, no baddies though. I've been SE for almost 4 years. Any advice ? I'm thinking that I'll br moving in about 2 months, so I'm also trying to avoid having to explain being at my residence for less than 2 years- anybody know the ins and outs about residency? I'm keeping my home and buying another.
Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
0

Re: BofA Pre-approved offers

You have good scores you should be able to get a card but if you apply for any new account you will get a Hard Pull.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,017
Registered: ‎06-03-2008
0

Re: BofA Pre-approved offers

[ Edited ]


williewonka wrote:
They ask for a social and it says "In order to pull your credit", however I've heard or seen that it is only a soft pull??? How is that if I don't already have an account with them? Can they do a soft pull on a non account holder?
 
Anybody know which BofA cards are easier to get? My scores are TU717 EQ735 and EX 740. I guess I'm skeptical  as I'm self employed, seems to be a hang up with some, even with a fairly deep credit history, no baddies though. I've been SE for almost 4 years. Any advice ? I'm thinking that I'll br moving in about 2 months, so I'm also trying to avoid having to explain being at my residence for less than 2 years- anybody know the ins and outs about residency? I'm keeping my home and buying another.



I think with your scores and no baddies you'll be just fine with most of their cards. I don't have any clue on the amex requirements though.  I too am self-employed and have fallen victim to the prejudice that comes along with that. I think with 4 years though, you're pretty safe.  Also, if you have an incorporated business and you are the president, etc. you could list your official title and the business as your employer.
 
As far as residency goes, I have never had any issues as a result of moving, but if you are worried about, I'd apply now while you can still say you've been at the same place for 4 years.
 
Good luck.
 
Oh and the preapproval on their site really is just a soft as far as I have ever heard. OF course once you actually apply, it will be a hard pull.


Message Edited by UpUpUp on 08-01-2008 03:17 PM
New Visitor
Posts: 1
Registered: ‎05-06-2008
0

Re: Pre-approved offers

WAMU seems to be forgiving.  My discharge was 09/07.  I recently received one of the preapproved solicitations. I took a chance because my scores are 589/635/680.  I was shocked when I got back an approval in 30 seconds with a credit line of $2500.  Of course the interest rate insn't that great at 19.9%, however, I was extended a 0% balance transfer rate good until 09/09.  I don't really have any balances to transfer because I have been staying as far away from credit as I could after my BK Chap 7.  But it'd a start and at least if I have an emergency I now have something to use.  I will pay this on time every month because I want to get my credit re-established.  I am just happy I didn't have to start with a secured card with like $300 credit line.  I may apply for one more card and that will be it.  I am not trying to return from whence I came just trying to get back in life's game.
Epic Contributor
Posts: 24,715
Registered: ‎10-23-2007
0

Re: Pre-approved offers

the pre-approval site is there for the exact reason of not wasting a hard pull if they arn't going to give you a card.  I would do the pre-approval, if you get offerred something, most likely you will get it and should apply for what's offerred
Fico Scores: EQ- 670., TU 705 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
88 Cards and Counting :smileytongue:
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.