paid 7000$ bofa visa signature and credit line goes down for seven ?

[mustangy]

made an accident and already was in truble about payment those months but always paid my minumum on time always

yesterday paid 7000$ to credit card and bring down to almost zero balance

but will use 13k of money for car fixing payment whic is get a check from insurance

(just at east saving of some interest from bofa)

and today schoked bofa staright away deduct that money as a payment and drop my credit line 7000k to down

this is rediculus how i ll het my car back to waor k now?

how they deduct your money straight and drop limit on that time ?

what can i do now whic nuber to call?

[B335is]

What's your total utilization?  Anything negative pop up on your CR?  More than likely your history of making the minimum payment, then all of a sudden a $7000 payment spooked them.  BoA is big on that stuff - my Cashrewards card that hadn't been used in quite some time all of a sudden sends off fraud alerts when I try to pump gas with it.  Call the number for Credit analyst existing accounts and ask them what's going on.  866-811-4108

[myjourney]

How long have you been carrying the balance?

Seems their balance chasing now

[grinlikechelsea]

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@myjourney wrote:

How long have you been carrying the balance?

Seems their balance chasing now

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That was my impression of the situation. Call an analyst ASAP to see if you can reinstate your limit.

[mustangy]

thanks for answer

balance was carrying about 5 months marriage been in overseas hospital etc

credit score goes bad because of %90 utilization

but any how i never think of bankruptcy and when start to work can cover 10k amont in total in 5 months will clear all

but this is really bad bad bofa

i gues this must be even illegal

that's a limit if you want decrease it you ll notice your customer

[B335is]

No its not illegal. Thou whom giveth may taketh.

I would call the number and ask whats going on and if they would consider restoring your limit before you jump to any conclusions.

[gdale6]

Wow, sorry to hear, when you are in this kind of financial trouble you do not use funds that you need to fix your car to temporarily pay off a CC just to save a few bucks in interest. If you cant get them to reinstate the line you are again in trouble if you cant come up with the funds somewhere else to pay off the shop that is fixing your car.... I hope you can get this resolved.

[newUser0]

Sorry to hear this. I believe, that 90% Util trigerred this.

They are completely allowed to reduce your limit, close your account at their wish without any reasons. But, usually, these happens when your Util Max out. 

My suggestions would be call them, and explain that, you got these expenses and will pay all of the amount soon. They may give your CL Back.

[mustangy]

What is this, an attempt at a haiku?  --Rev, myFICO moderator

[Shock]

Makes no sense. So one lump sum to give them their money back will scare them?