I had a secured card with them, which I put a lot of money through for a few years. I was never late with it and paid it off in full when I simply got tired of them never graduating the card, even though they told me it would graduate after the first year. Then a year or two after that I got two cards with them. I defaulted on both and they went into collections. The collection agency even went to court, which I never actually knew about one day until I deposited money into my BofA account. I had wired money into the account and then transferred it out to another bank the next day. They then tried to get the money, but I only ended up paying the fee that goes along with that process! Later, they got the money from the other account, I guess they figured out I had the money to pay the collections. I thought it was a bit suspicious that I put the money in BofA and that is how they started going after the money, I am CERTAIN there was no collusion there. (sarcasm!) The collections company also then tried to settle for the exact amount which I had available on a credit card. I called that credit card and found out that they had a record of me calling a few days before, which I certainly did not do on that day. Collections companies breaking the law by impersonating me? Anyway, I settled for less than they wanted, so it got paid off.
Last year, when there was a fairly good cash back on signup, I applied for a BofA card! I think I have better rewards than that card offers! I did want the cash back and that was it. I got the cash back and SD'd the card.
I did have the excellent payment hisory with the first card and charge off on the other two, but I still got the card, so it might depend on a few things. It might have been because of the first cards payment history.
It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
