Credit Cards

[Ron6262]

    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.

[altayar]

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.

[kobe2012]

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....

[tboy1977]

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

[Middleswarth]

---

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).

[flowfaster]

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.

[Ron6262]

      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.

[flowfaster]

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.

[gettnthere]

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)

[jetsfan2012]

if at first you dont succeed...