Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
Bank of America $23,500 CLD

I was expecting this to happen:  I logged into my BoA Visa account information this morning, and saw my credit line was cut in half, from $47,000 to $23,500.  I'm not going to bother calling BoA about this. 

 

I really can't complain, given that $23,500 is still a respectable credit limit.  This CLD shouldn't affect my FICO scores, either. 

 

I know I'm not alone!

 

 

 

 

EQ 814 / TU 815 / EX 842
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
Re: Bank of America $23,500 CLD

psychic - curious to know a couple things on your card for comparison:

 

- what was your highest use of card (larget mid month or statement balance)

- what was your average use of card per month

- how long ago was your high use

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
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Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
Re: Bank of America $23,500 CLD
Ouch!

I keep waiting for the other shoe to drop on mine...
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
jaxstraw
Posts: 570
Registered: ‎03-29-2008
Re: Bank of America $23,500 CLD
[ Edited ]

Ouch !!

 

Good positive attitude though.

 

Sorry about the CLD, you know your situation better than anyone.

 

I'm the same way with BoA really , I just don't want them to mess with my Merrill.

Message Edited by jaxstraw on 03-31-2009 03:32 AM
Jax

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Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007
Re: Bank of America $23,500 CLD
Sorry to hear what happned to you. I guess cld  is the coming trend with banks and credit card companies.
Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
Re: Bank of America $23,500 CLD

txjohn wrote:

 

psychic - curious to know a couple things on your card for comparison:

 

- what was your highest use of card (larget mid month or statement balance)  My largest past balance is $14,570.

 

- what was your average use of card per month  I only use this card about 4 or 5 times a year.  In the past 2 years, I've probably only charged a total of about $200 on this account. 

 

- how long ago was your high use  My largest past balance was established in 1998 or 1999.  I haven't used this card on a monthly basis since 2003. 

 

 

 

EQ 814 / TU 815 / EX 842
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007
Re: Bank of America $23,500 CLD
Sorry psychic. You'll get it back within a couple years easy.

*dashes off to check my accounts*
Senior Contributor
FretlessMayhem
Posts: 3,279
Registered: ‎08-03-2007
Re: Bank of America $23,500 CLD
Ouch. Sorry to hear it psychic. BOA cut one my of CLs from $20,000 to $6000, and another from $5700 to $500. They said it was nothing against me, it is because of the credit climate.
Here we go again...
Valued Contributor
cobra19
Posts: 1,426
Registered: ‎07-24-2007
Re: Bank of America $23,500 CLD

Ouch......   how old is this account?

 

I am half-expecting Chase to cut my 49k cc line. Actually, I am kinda surprised it hasn't happened yet. The most I run through it is 5k a month.

 

 

 

 

 

 

 

New York Yankees - 2009 World Series Champions. 27... and counting.....
Senior Contributor
score_building
Posts: 3,513
Registered: ‎01-10-2008
Re: Bank of America $23,500 CLD

sorry for the hit on your CL psychic.  just glad to hear there is not a significant adverse impact for you on this one.  i wouldn't be surprised by bad news from boa at any time either.

 

silly - i know, but your new limit being more than 3xs my highest, still looks dreamy to me :smileyhappy:

 

with your attitude and profile you seem to be virtually 'weatherproof' even despite these displays from the big boys, i finally jumped on the cu band wagon successfully and can rest a bit easier now...*runs and checks boa online acct* lol

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)