Dear myFICO forum users,
It has been a while since my last entry to the site. Thanks to this forum I was able to build my credit from scratch 5 years ago.
I came from nothing to having a VISA (BOA), AMEX (BOA), Macys, Bloomingdales, AA, Express, bought my car.
It started with my BOA VISA (originally a student VISA) which I graduated within a year with the help of the skills I acquired in this site. Reading lots of useful information from CL, product changes, backdoor numbers, you name it. I was able to not only establish my credit, but also help my family and closest friends establish theirs. I also keep a few from going to Credit Repair companies and paying 100s for something they could do themselves.
5 years later, I find myself in a difficuly situation. My credit to debt ratio is high and my VISA BOA has been put a "Hold" (They closed it) due to its high balance. I called them to find alternatives and their only option is to place both my BOA cards into a 5 years plan. (Sounds great doesnt it?!) Too bad by entering this program they automatically close my 2 CCs. So much for customer appreciation after 5 years of flawless history with them.
The rules of thumb I learned from this same site keep me from doing this, as I will not flush down 5 years of history.
I would like to ask for your help and advice as I do not want to see myself in this situation any longer.
