Credit Cards

[natasjlp]

I have a bofa CC that I closed myself so I could pay monthly without interest. I am on my final payment tomorrow - wahoo! I would now like to 'reactivate' the account and will be calling them today. Any advice on what to say who to talk to how to go about it etc...?

[natasjlp]

alright - about to call - I'll still take advice even if I am on the phone - - - >

[natasjlp]

alright - so they are saying I cannot reactivate the account because I went into a payment program, but someone else there said I could before. Does anyone have any experience with this?

[natasjlp]

Arrgg..!!!! so - after several years of struggling to pay off the card through an internal payment program with the hope to reactivate the account after I get down to the last payment I am told I cannot not do that any more because of the new federal regulations that just went into effect in AUGUST! what!?!?!?!? what kind of luck is that! now I won't have the account history for an open account.

Thanks Feds - you really helped me out of this one......................................  biggest possible *sigh* with great great disappointment - litterally been waiting years to do this.... lots of things I want to say but can't via this forum because of decorum - frustration rising... ok must leave now.

[creditwherecreditisdue]

There is nothing in the "new federal regulations", translate: The Credit CARD Act that would bar the reopening of your account. That said - if you truly closed your account virtually no issuer would reopen it. Virtually no issuer reopens fully closed accounts. The require re-app. Try there soft INQ pre-app site and see if you get anything back:

https://preapproved.bankofamerica.com/cc/SelfInquiry.aspx

[haulingthescoreup]

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natasjlp wrote:

Arrgg..!!!! so - after several years of struggling to pay off the card through an internal payment program with the hope to reactivate the account after I get down to the last payment I am told I cannot not do that any more because of the new federal regulations that just went into effect in AUGUST! what!?!?!?!? what kind of luck is that! now I won't have the account history for an open account.

Thanks Feds - you really helped me out of this one......................................  biggest possible *sigh* with great great disappointment - litterally been waiting years to do this.... lots of things I want to say but can't via this forum because of decorum - frustration rising... ok must leave now.

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Do you have anything in writing about them re-opening when the repayment is done? If so, ask them specifically which part of the new regs would bar them from doing so. Sounds like complete hogwash to me.

Honestly, I don't know how some of these people look at themselves in the mirror in the mornings as they brush their teeth...

[natasjlp]

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creditwherecreditisdue wrote:

There is nothing in the "new federal regulations", translate: The Credit CARD Act that would bar the reopening of your account. That said - if you truly closed your account virtually no issuer would reopen it. Virtually no issuer reopens fully closed accounts. The require re-app. Try there soft INQ pre-app site and see if you get anything back:

https://preapproved.bankofamerica.com/cc/SelfInquiry.aspx

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I will fill this out, but may I ask why?

Message Edited by natasjlp on 10-01-2009 07:05 PM

[natasjlp]

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haulingthescoreup wrote:

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natasjlp wrote:

Arrgg..!!!! so - after several years of struggling to pay off the card through an internal payment program with the hope to reactivate the account after I get down to the last payment I am told I cannot not do that any more because of the new federal regulations that just went into effect in AUGUST! what!?!?!?!? what kind of luck is that! now I won't have the account history for an open account.

Thanks Feds - you really helped me out of this one......................................  biggest possible *sigh* with great great disappointment - litterally been waiting years to do this.... lots of things I want to say but can't via this forum because of decorum - frustration rising... ok must leave now.

---

Do you have anything in writing about them re-opening when the repayment is done? If so, ask them specifically which part of the new regs would bar them from doing so. Sounds like complete hogwash to me.

Honestly, I don't know how some of these people look at themselves in the mirror in the mornings as they brush their teeth...

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I have nothing in writing, did not figure I would need to. Plus feeling I was at their mercy I merely thanked them and started paying off the cc at an accelerated rate. I am here with 1 payment left in the next few days which I will make - it is just sucj a shame... I don't understadn why there seems to now be no possibility of reactivating the account. very disappointing... to say the least...

[creditwherecreditisdue]

If you are otherwise qualified for a card from BofA you will get a positive response there. If not you won't. Both HTSU and I believe they are shining you on. I would probably call them a few more times before I gave up on this.

[creditwherecreditisdue]

The real question is was the account suspended or closed?