Reply
New Member
Posts: 4
Registered: ‎08-23-2007
0

They Cancelled Me!! Help!

Bank of America has reviewed by account, since it is due to expire  and decieded that based on information obtained from Trans Union they were canceling my account. My credit score last month was a 665, I had an account removed by equifax. I dont know what the other reporting agency has as my score. What I want to know is what can I do? Is this going to lower my score? This year I have worked hard to pay everything on time. The Bank of America account I opened 2 years ago, and I am 100% sure that my credit score was not as high as it is now. . .I have no Idea what to do...  Smiley Sad
New Visitor
Posts: 3
Registered: ‎08-23-2007
0

Re: They Cancelled Me!! Help!

That's a tough creditor with "unreal" expectations.  I would suggest getting another card and paying off BofA right away.  Best of Luck!
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007
0

Re: They Cancelled Me!! Help!

[ Edited ]


Maximus wrote:
Bank of America has reviewed by account, since it is due to expire  and decieded that based on information obtained from Trans Union they were canceling my account. My credit score last month was a 665, I had an account removed by equifax. I dont know what the other reporting agency has as my score. What I want to know is what can I do? Is this going to lower my score? This year I have worked hard to pay everything on time. The Bank of America account I opened 2 years ago, and I am 100% sure that my credit score was not as high as it is now. . .I have no Idea what to do...  Smiley Sad


They cancelled my account in April   had a score of 688  no lates
 
watch they will raise your int. also  no notice


Message Edited by HappyDays on 08-23-2007 06:58 PM
Regular Contributor
Posts: 197
Registered: ‎06-08-2007
0

Re: They Cancelled Me!! Help!

I'm confused...

BOA is cancelling accounts of law-abiding customers... and opening up new accounts for illegal aliens? Is this insane or what?

If I were you, I'd start digging around the BOA website and get the number to the corporate office and call their CEO. You'll have a tough time getting through, but I'd sure give it a try. And then, I would go to a local branch and request to speak with the regional manager over the town you're in. He or she will likely be able to help.

This is absolutely silly.
Frequent Contributor
Posts: 313
Registered: ‎04-01-2007
0

Re: They Cancelled Me!! Help!



CreditHawk wrote:
I'm confused...

BOA is cancelling accounts of law-abiding customers... and opening up new accounts for illegal aliens? Is this insane or what?


Confusing as he!!... keep us posted as to what happens. Just dosen't seem right.
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
0

Re: They Cancelled Me!! Help!

Careful. Many of the things BoA does is automatic. Once your account was flagged for what ever reason it is sent to someone to review. Sometimes they cancel them. Did you call them, speak to a customer service manager? What did they say. Usually with a phone call they correct the problem. I once was turned off too, I called customer service, spoke to a manager and it was back on the next day. They will do that if you stop using the card for an extended period of time. Another thing if you may do is request they lower the CL instead of canceling it.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Established Contributor
Posts: 905
Registered: ‎05-09-2007
0

Re: They Cancelled Me!! Help!


The TL and Hx will not go away... It will just say "Closed by Grantor" Not the best scenario, but as long as it has been current and you cann pay the balance within the terms of your cardholder agreement the FICO impact will likely be mute.
 
Rob

Regular Contributor
Posts: 139
Registered: ‎08-07-2007
0

Re: They Cancelled Me!! Help!

I'm confused...

BOA is cancelling accounts of law-abiding customers... and opening up new accounts for illegal aliens? Is this insane or what?

If I were you, I'd start digging around the BOA website and get the number to the corporate office and call their CEO. You'll have a tough time getting through, but I'd sure give it a try. And then, I would go to a local branch and request to speak with the regional manager over the town you're in. He or she will likely be able to help.

This is absolutely silly.
 
-----------------------------------------------------------------------------------------------------------------------------------
 
              So, good and old prejudice.......Nice!!!I love it!!
 
 
      It is not a normal thing for a bank to close a account in good stander, so it must be something wrong with your account or a mistake from there part. You don't need to send a letter to the CEO. All you need to do is to go to a branch and explain to them the situation.
Highlighted
Established Contributor
Posts: 905
Registered: ‎05-09-2007
0

Re: They Cancelled Me!! Help!

[ Edited ]


Redamagon wrote:
 
              So, good and old prejudice.......Nice!!!I love it!!
 
 
      It is not a normal thing for a bank to close a account in good stander, so it must be something wrong with your account or a mistake from there part. You don't need to send a letter to the CEO. All you need to do is to go to a branch and explain to them the situation.


Universal default can certainly lead to non-renewal for accounts... They will refer you to the Cardholder Agreement that accompanied the card when you received it... They "Reserve the right."
 
Does happen more than you think. I've seen MULTIPLE posts regarding BofA and this practice.
 
 
Rob
 
BTW - Universal Default does not necessarily have ANYTHING to do with your current account... It takes into consideration ALL of your information as reported by CRAs.Smiley Sad
 
Sad but true.

Rob


Message Edited by FICO_Focused on 08-24-2007 11:41 AM
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.