05-22-2008 08:19 AM
05-22-2008 08:32 AM
lookingfor700 wrote:I went to thier web site and done the Soft pull "lets see what we can do for you" type thing...No options for 99/500 card, thier are other CCC that are willing to set you up. I'll wait on BOA, one day they will want to give me a card.
05-22-2008 09:41 AM
05-22-2008 01:49 PM - edited 05-22-2008 01:50 PM
05-22-2008 02:46 PM
To get back on topic, my friend was also recently denied. I felt really bad for her because she only applied after I told her my "Cinderella" secured to unsecured BoA card story. A popular misconception is that there is "no" risk to lenders with secured cards, but that's not precisely true. Consequently, if a person's credit is "really" bad, it's entirely possible that some lenders will deny the person any credit whatsoever.
Badcreditguy wrote:My cousin got denied! Thats crazy!
05-22-2008 03:42 PM
A popular misconception is that there is "no" risk to lenders with secured cards, but that's not precisely true.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO