Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
Re: Bank of America $23,500 CLD

grneydangl wrote:

I'm also sorry to hear these incredible limit deacreases are happening to so many of you (my $5000 to $700 just pales in comparison) ...



Wow, I think your hit is much worse than mine! Winding up with less than 15% of where you were is awful.
* 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
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
Re: Bank of America $23,500 CLD
Yeah, $700 is like an Orchard :smileyindifferent:

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


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)
05/18/2005 TU: 563, EQ: 580, EX: 549
Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
Re: Bank of America $23,500 CLD
I just pulled my EQ report, which reflected my recent Bank of America CLD.  My EQ FICO score remained unchanged at 810, just as I expected. 
EQ 814 / TU 815 / EX 842
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
Re: Bank of America $23,500 CLD
[ Edited ]
Hey la, hey la, my credit limit's back!

Just called BofA, gave them financials again (the same ones I gave them first time around, which were accurate btw), and said I'd be happy with any portion of the missing CL back.

They reinstated the whole thing. :smileyhappy:

They did ask what I would use the credit for, and I said that the 1.99% BT offer that came the same day as the CLD looked interesting, but that I wouldn't want to try this with just a $9K CL.

I honestly thought that they might go $12K or something, but not the full amount.

OK, time to go see what needs pulling off the HELOC and repaying.


eta: Holy crap, the reinstated CL already shows online. I tried to pay my balance, but it's already too late for it to show today (without going through paying from my bank site), but that's OK, it will go back to $0 (briefly) when the statement drops next week.
Message Edited by haulingthescoreup on 04-24-2009 12:38 PM
* 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
Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
Re: Bank of America $23,500 CLD

That's great news! 

 

Maybe others can do the same.  I still don't have any good reasons to tell them why I need my $47,000 credit line reinstated.  

 

Anyway, congratulations!

EQ 814 / TU 815 / EX 842
New Contributor
Equinox
Posts: 56
Registered: ‎11-29-2008
Re: Bank of America $23,500 CLD

psychic wrote:

That's great news! 

 

Maybe others can do the same.  I still don't have any good reasons to tell them why I need my $47,000 credit line reinstated.  

 

Anyway, congratulations!


Aside from retaining your internet superstardom and jaw dropping CL? :smileyvery-happy:

 

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

Equinox wrote:

psychic wrote:

That's great news! 

 

Maybe others can do the same.  I still don't have any good reasons to tell them why I need my $47,000 credit line reinstated.  

 

Anyway, congratulations!


Aside from retaining your internet superstardom and jaw dropping CL? :smileyvery-happy:

 


 

LOL! :smileyvery-happy:
EQ 814 / TU 815 / EX 842
Established Contributor
Mike14
Posts: 618
Registered: ‎09-16-2008
Re: Bank of America $23,500 CLD
One thing to watch out for: I had a $7 balance when I called, and paid it off a few days later. I just use that card to pay for (of all things) my wife's ScoreWatch, and then pay it off before they report, so it shows usage but reports a $0 balance. Well they reported the day after they reinstated my CL (mid-cycle), and my EQ FICO score dropped 13 points because of the balance increase!
Wife's FICO Scores, 7/10/09: TU:??? EQ:634 EX: ???
Wife's FICO Scores, 2/13/09: TU:??? EQ:604 EX: 630
Wife's FICO Scores, 2/05/09: TU:??? EQ:592 EX: 630
My FICO Scores, 6/19/09: TU:757 EQ:744 EX:758 (all from MB; EQ Agrees)
My FICO Scores, 3/29/09: TU:755 EQ:746 EX: ???
My FICO Scores, 2/05/09: TU:??? EQ:730 EX: 720
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
Re: Bank of America $23,500 CLD

Mike14 wrote:
One thing to watch out for: I had a $7 balance when I called, and paid it off a few days later. I just use that card to pay for (of all things) my wife's ScoreWatch, and then pay it off before they report, so it shows usage but reports a $0 balance. Well they reported the day after they reinstated my CL (mid-cycle), and my EQ FICO score dropped 13 points because of the balance increase!

Good point!

I already got hit by this when they updated with the new, unimproved $9K CL. I tried to pay off the balance today, but somehow, by 3:36 Eastern they were no longer crediting payments to today's date. I could have forced the payment through today from my bank site, but the statement drops on the 2nd or 3rd, so it will catch up them.

But yes, BofA does multiple mid-cycle updates, and they do them quick like a bunny, so be prepared, whether you're hit with a CLD or a restored CL.
* 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
Mike14
Posts: 618
Registered: ‎09-16-2008
Re: Bank of America $23,500 CLD
I never noticed them reporting mid-cycle before, but then, I had let my card go dormant for several years then started using it and paying it right away just a few months ago. Maybe they just never reported between the charge and my payment. Anyway, I hope the drop won't prevent me from getting a mortgage pre-approval this weekend!
Wife's FICO Scores, 7/10/09: TU:??? EQ:634 EX: ???
Wife's FICO Scores, 2/13/09: TU:??? EQ:604 EX: 630
Wife's FICO Scores, 2/05/09: TU:??? EQ:592 EX: 630
My FICO Scores, 6/19/09: TU:757 EQ:744 EX:758 (all from MB; EQ Agrees)
My FICO Scores, 3/29/09: TU:755 EQ:746 EX: ???
My FICO Scores, 2/05/09: TU:??? EQ:730 EX: 720