I've been searching the boards for an answer, but have been unsuccessful in finding a good one.
Anyways, I have a CO from BofA in which I paid less than the full amount owed, but it was settled. This occurred in 2006, which I realize isn't very long ago. Anyways, I applied for a platinum plus card hoping to be offerred the 99/500 card in return, but wasn't even offerred the basic secured card.
I have a Citi Upromise $3600, a Cap 1 $500 and a 1fbusa $150. Basically, my question is how long is Bank of America going to have me blacklisted? Also, the Citi Upromise card is being switched over to BofA soon, and I think Im better off just staying with Citi. Especially since I'm sure BofA will shut down the account, and I don't want to be out with both of them. Does anyone have any advice on how to go about getting in good with BofA again? I have a checking and savings account with them right now, but would like to get a card with them as well. Any advice is appreciated!
Ok, so heres what my credit report says:
Also, the late payments that lead to the CO started in Nov 04, but it wasn't CO'ed till June 06. When will this be off my CR?
[TransUnion] Charged off as bad debt, Purchased by another lender
[Experian] Purchased by a another lender. Unpaid balance reported as a loss by the credit grantor.
[Equifax] Account transferred or sold, Charged off account
Tranunion Experian Equifax
Past Due: $0
High Balance: $782 $703
Limit: $2000 $2000
Opened: 06/13/2004 06/2004 06/2004
Reported: 06/28/2006 06/28/2006 06/2006
ba doesn't blacklist for forever. my experience
early-mid 90s- dumb/irresponsible w/credit...throw in some 'life' stuff and i wasn't able to pay ba. 2 ba ccs went to unpaid chargeoff status...and remained there. adding to that pile of ..., i had 2 ba accts (checking/savings) closed by them for nsfs...and away we go to chexsystems. bad/low times. due to an inability to pay (and yes, i tried everything/paid what i could), ba and some other cc chargeoffs lingered on my reports for 7.5 yrs and i lived with NO ccs. hard but a blessing in disguise and now my finances are in order again.
4/08- finally my 'past credit mistakes' (most of them anyways)- incl. ba- were off my reports. i'd had other bank accts for awhile, but REALLY wanted a ba bank acct again. feeling bold, i applied online...bam, instant acceptance.
feeling empowered by getting back in w/ba for banking, i figured well, may as well try for a cc. ficos were in high 570s @ the times and some baddies (unpaid tax lien, cos, cas) remained...however, i had nearly 2 yrs of NEW/GOOD history (first premier/orchard) and NO new baddies since '03.
as expected, ba DENIED me for their platinum plus. however, by a miracle of the universe, ba ACCEPTED me for their 99/500.
i'm soooooooooo thankful to be back in w/ba and can't wait for it to unsecure.
I know exactly what you mean! The only account I had with BoA before was a ckg acct that they had closed due to NSF's running up the balance that I couldn't pay. I did pay them off several months later when I got back to work. So yes, they do give 2nd chances.
It is so crazy to just to count 'monthly birthdays' on your accounts! LOL