cancel
Showing results for 
Search instead for 
Did you mean: 

Will Bank of America lower my CL if I pay the balance down?

Senior Contributor

Re: Will Bank of America lower my CL if I pay the balance down?


jjmcc323 wrote:

made a 14000.00 payment to boa 3 months ago , set off string of events long story short my cl was 51000.00 is now 3700.00 all set off by large payment

maybe break it into 3 payments 


You might want to elaborate on how making a large payment led to this CLD. If you posted it elsewhere throw up a link to the post/thread.

Highlighted
Regular Contributor

Re: Will Bank of America lower my CL if I pay the balance down?


jjmcc323 wrote:

made a 14000.00 payment to boa 3 months ago , set off string of events long story short my cl was 51000.00 is now 3700.00 all set off by large payment

maybe break it into 3 payments 


I don't know if small payments will make a big difference. These large banks are all just trying to limit their exposure to risk (because they over exposed themselves in other places and some how this is their customer's fault) and it's likely going to happened regardless of how the balance is paid. I've been lucky so far as I've paid ~$40K to CC for various reasons/purchases and have a zero balance on all but haven't had any CLDs.