Moderator Emeritus
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
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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Moderator Emerita
Posts: 28,098
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
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
Posts: 6,026
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
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
Posts: 32,869
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
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
Posts: 1,424
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
Posts: 3,702
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 Smiley Happy

 

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)