09-02-2008 11:52 AM
09-02-2008 06:15 PM
So BoA wants to jack my rate up from 24% to 28%, even though I've never made a late payment to them. I plan to call and whine, but if that doesn't work out I plan to "reject" the APR increase in accordance with their terms and conditions.This means I could stay at 24%, but I couldn't use my card anymore. Which is fine by me, since it's been shredded to teeny tiny pieces for over 4 months, with no plans for any future use!However, how is this scored for FICO? I have a balance of $8k (and dropping fast!) on a $10k CL. I plan to have it paid off by next June.Is the account status considered "CLOSED" after I reject the APR increase, or will it be after the I pay it fully off???I'm planning on buying a house, with a FHA backed loan, next February. My target is to have the best possible FICO and lowest possible UTI at that point. Any ideas on what this would do to me? Should I suck up the 28% if I have to, to keep the card in an open status?Thanks for any input!!-RT
09-02-2008 06:49 PM
09-02-2008 06:51 PM
09-03-2008 07:38 AM
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