A few weeks ago I hit the "luv button" on the B of A website and got the "we'll get back to you in 1 or 2 business days". We'll a few days later i logged onto my account to find that my credit limit was increased from $8000 to $18,000. Awesome, right??? We'll not exactly...
I had went on line to pay my MBNA account (which is now owned by B of A) only to discover that my once $35,000 line of credit was now $25,000. B of A never asked me if i wanted to take some of the available balance from one account to increase the credit line of another. Has anyone else had this happen? Needless to say i was worried that it would screw me up because i owe $20K on my MBNA account which would now make my utilization for this account very high. I guess in the end it really didn't matter since i received an alert yesterday that my FICO went up 11 points in one day.
I just thought you all might be interested in B of A's tacticts...
Filed BK7 – 2/13 (discharged 5/13) (starting score 586)
myFICO EQ 1/2014: 617
myFICO TU 1/2014: 619
myFICO EX 1/2014: 635
Credit 1 - $500 / Cap 1 Sec. $300 / Cap 1 Quicksilver $1,500
Barclays Apple Card / $1700 / American Gen Loan $5,000