03-24-2009 07:40 PM
Just got off the phone with BOA and they didn't approve a secured card @2500. I had a cc with them in the past. Had for 4.5 years, Had one 30day and no other issues. Any suggestions? Trying to get in the 7's but loosing faith every day. The main reason my scores are low is because of a few 30-90 lates 5 years ago and 2 Pay'd less than full balance from the same time. Since then, no new cards, 2 successful auto loans(paid and done), and a perfect mortgage 1.5yr old. 5% or under util. $1700 avail credit.
Any suggestions on what I can do? Have goodwilled to no avail as of yet. Any other real good secured cards with short turn time like BOA?
Any help is greatly appreciated.
03-24-2009 08:06 PM
03-24-2009 08:10 PM
That was my next stop. I only have the usual bank accounts but thought setting up a CU account and applying for a CC at the same time might be worth a try. I couldn't believe my ears when BOA said I was SOL
03-24-2009 10:58 PM
03-25-2009 08:51 AM
03-25-2009 09:20 AM
I wouldn't waste 1 second of my time mucking around with the jabroney's at BoA.
A CU is the way to go.
03-26-2009 06:44 AM
There have been many people have great success with Alliant Credit Union (www.alliant.org) getting unsecured credit. With your scores and history you may not be preapproved with instant online offers, but you can speak with a loan officer to discuss the circumstances and goals. With your derogs all being 4 plus years old, and having a current mortgage going on 2 years, you stand a good chance with Alliant I believe.
Here is a link to TIPS for Alliant
Here is a link to FICO Survey info for Alliant
Be sure to share your results on the survey page if you app with them.
03-26-2009 08:36 AM
Many on the boards may bash me for suggesting since they have such a negative reputation with some, but what about Capital One? I got approved and received a Cap One unsecured card with $3000 CL about a month and a half ago with scores averaging about 25 points lower than yours.
I agree with the credit unions, but Cap One has been good with no AF and a good starting CL with promise of CLI on their Steps program after 3 payments.
03-26-2009 09:59 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.