U.S. Bank and Bank of America Secured are PI**ING ME OFF! Won't Graduate my secured card!

[GoldenBoy1]

Okay,

            So about 2 years ago I started this journey to repair my credit because after losing my COBRA benefits I was stuck with tons of hospital bills I couldn't pay and it tanked my credit horribly.  I started out at a 514 and that was just 2 years ago.  Today I am a much more respectable 677 and have gotten credit cards from Discover, Barclays, Capital One, just to name a few.  My main issue are the secured cards that I have had since I started this journey.  Both, Bank of America and US Bank refuse to graduate my cards, even at my request.  I have had each of their secured cards for 2 entire years and HAVE NEVER BEEN LATE...in fact...I usually pay in full before the statement even prints.  I just don't get how they can just string someone along for 2 years when even Discover card is giving me a shot.  I went through their Recon departments with zero success.  I am just highly upset because I have had nothing but a stellar record with them for my entire 2 years.  I have made sure to do everything right...I keep utilization below 20%, I pay on time, I manage all of my other accounts to where my credit score has grown by over 150 points.  

           Has anyone else had issues with BoA or US Bank not graduating their cards after an extended amount of time?  They both gave the same reason for not graduating....WHICH WAS.....The medical collections that I had on my credit report when I initially got the cards to begin with.  It just seems bizarre to me, for them to hold something against me that drove me to taking out secured cards in the first place.  I hate to close them but the AF is killing me.  I just hate to ruin my AAoA and was really hoping they would unsecure by now.  Any advice is appreciated.

[rootpooty]

Are the same medical collections reporting now?

[GoldenBoy1]

Yes sir,  They are roughly about 4 years old

[UTK_GOBO]

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@GoldenBoy1 wrote:

Yes sir,  They are roughly about 4 years old

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Do you still owe anything?

[GoldenBoy1]

Oh yea, I owe tons in medical bills.  I was going to make payment arrangements but was advised against that at the time I was buying my house because I was told it would hurt my credit.  Talk about rock and hardplace........ugh

[keithB]

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@GoldenBoy1 wrote:

Oh yea, I owe tons in medical bills.  I was going to make payment arrangements but was advised against that at the time I was buying my house because I was told it would hurt my credit.  Talk about rock and hardplace........ugh

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Well, there is your answer then.

[One7]

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@keithB wrote:

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@GoldenBoy1 wrote:

Oh yea, I owe tons in medical bills.  I was going to make payment arrangements but was advised against that at the time I was buying my house because I was told it would hurt my credit.  Talk about rock and hardplace........ugh

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Well, there is your answer then.

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+1

[Anonymous]

Same problem with Wells Fargo and I closed the account. Your unpaid meds is likely stopping them from graduation.

[OhioCPA]

My secure BoA card took about three years to unsecure. In the three years since then I have had several CLI's. The most recent was an auto CLI from $6,000 to $10,000. As others have stated, just clearing up the collections should help with unsecuring the cards.

[jd352]

The AAoA should't take a hit until they fall off your report in 10 years. Which your other cards will age should you keep them open. They secured accounts will report in good standing until 2024 should you close them this year. Personally, I would close them. I never see a point in keeping a card that is costing you money with little benefit.