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Regular Contributor
Posts: 137
Registered: ‎07-14-2012
0

Didnt go so well with BOA credit analyst

    App'ed for BOA over the weekend, got a "considering" messge, so based on advice I called in.

 

Here is a brief synopsus minus all the normal verification of ID, etc.

 

Credit Analyst:  Yeah you were turned down because of poop payment history post BK.

 

Me:  I havent missed a payment on anything.

 

C.A.-  Oh yeah, you are right, sorry I was looking clear back in 1999.

 

Me-  I have been perfect.

 

C.A.-  You have not re-established.

 

Me-  I have two credit cards and two secured loans.  I have been perfect on all for almost two years.  I have a DTI of less than 20%, counting my mortgage paymet which isnt reporting yet.

 

C.A.-  Oh yeah, I see the $300 CC now.

 

Me-  There are two.

 

C.A.- Yeah, I see them, there are only $300 limit.

 

Me-  Yes, I know, and I have  zero balance, they are junk cards, I would like to get with a mainstream bank and build a relationship with a good card issueier.

 

C.A.  Yeah, I just cannot approve, not enough re-establishment.

 

Me-  I have two CC's and two auto loans, all excellent payment history for two years.

 

C.A.- Yeah, the auto loans are secured and the CC's are only $300.

 

Me-  Well can I just start out with a low limit? 

C.A.-  Sorry, I just cannot approve it,  you also have alot of inquiries, you want to watch that as well.

 

END OF STORY.  No big deal, I was able to get approved thru Discover and Capital one for $1000 each, that is plenty, I dont use them anyways, just want them for the reporting.

 

FYI  I am 660 Experian FICO.

Frequent Contributor
Posts: 321
Registered: ‎08-19-2010
0

Re: Didnt go so well with BOA credit analyst

Sorry about that. It seems creditors don't really have strict policies in regard to approvals!

It all depends on the specialist you talk to. I was able to get approved with little history for their Student Platinum plus card ( now discontinued). I then converted to the cash rewards card. I'd call again.

 

 


Established Contributor
Posts: 697
Registered: ‎03-16-2012
0

Re: Didnt go so well with BOA credit analyst

what was your credit score on discover and how many inquiries??? --- build your relationship with discover, i'm sure it'll grow with you... and capital one is pretty good for

rebuilders but never for cli.... i think the cards you have is more than enough for now... let them age a bit and apply again....


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Contributor
Posts: 221
Registered: ‎07-11-2012
0

Re: Didnt go so well with BOA credit analyst

Wow.....BofA can be dumb.....

Starting scores: EQ 420, EX 421, TU 405 (Jan 2011)
Bk Ch 7 Discharged Mar 2011
Current scores: EQ 456, EX 534, TU 411 (Aug 2012) FICO (8/2012 -- EQ 564, EX 584 (from BofA) TU 551)
Goal scores: EQ 700+, EX 700+, TU 700+

Credit accounts: 30% APR auto loan (Jan 2012), Secured [CapOne (3K), PNC (1300), NFCU (1K), Coke (2500)] and Target (200)
Frequent Contributor
Posts: 253
Registered: ‎08-31-2011
0

Re: Didnt go so well with BOA credit analyst


Ron6262 wrote:

Me:  I havent missed a payment on anything.

 

C.A.-  Oh yeah, you are right, sorry I was looking clear back in 1999.

 

 

How were they looking  back to 1999?  Was it from a previous BOA account?  Stuff from 1999 should no longer be on any credit report (even closed accounts).

Established Contributor
Posts: 792
Registered: ‎08-30-2011
0

Re: Didnt go so well with BOA credit analyst

What number did you call?  I would say call and try again.  Try to speak with a senior analyst.  IMO the senior or executive staff are miles above the regular CSR.  Call the backdoor number and try again.

 

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Regular Contributor
Posts: 137
Registered: ‎07-14-2012
0

Re: Didnt go so well with BOA credit analyst

 

      I called the backdoor number listed here.  The lady wasnt nearly as nice as the Discover card lady, and didnt seem to know what she was talking about.  I have no clue what she saw from 99, I have never had anything with BOA.

Established Contributor
Posts: 792
Registered: ‎08-30-2011
0

Re: Didn't go so well with BOA credit analyst

That is too bad.  It sounds then like she just wasn't willing to work with you.  I called last week and got a pretty nice lady that said she was a "senior analyst"  She gave me a nice CLI, APR reduction and sent me two new cards with the chip in them.  She sounded though like she was fighting for me and pretty much hooked me up.  I wish I could have gotten her number. lol jk

 

So I would say maybe try it again with someone else.  At the very least you could pump them for information.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Established Contributor
Posts: 912
Registered: ‎06-14-2012
0

Re: Didnt go so well with BOA credit analyst

Id definitely call again, it took me 2 or 3 recons to get in with barclays(they were being a pain in the a$$ lol)


Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 :smileywink:
Contributor
Posts: 208
Registered: ‎05-28-2012
0

Re: Didnt go so well with BOA credit analyst

if at first you dont succeed...

Credit Karma - 636 8-12-12 USAA
Credit Rebuilding Mode - Cap 1 Plat(500CL) SHOW MC(300CL)
Clean Up Mode - Goal - No New Apps till 6/2013
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