topic Re: BoA CLI noob question in Credit Card Approvals

BoA CLI noob question UPDATE APPROVED 9/11

Meanmchine — Tue, 11 Sep 2018 10:50:50 GMT

Hi all

I opened my BankAmericard on 6/8/2018. For the last few days, the request cli link has appeared. Ive heard that BoA is now doing SP increases but when I click the link, I get this message

"By clicking the "Submit" button, you authorize us to obtain a copy of your credit report and review your credit and employment histories and any other information that allows us to process your request, service your account and manage our relationship with you. Upon request, we will inform you of the name and address of any consumer reporting agency that provided reports to us."

This doesnt sound like sp language to me. Is this the normal disclosure everyone gets?

Thanks

Re: BoA CLI noob question

Brian_Earl_Spilner — Mon, 10 Sep 2018 17:02:11 GMT

The reports gained from a HP and a SP are basically the same. The only real difference is the HP is usually a record of a consumer initiated request for credit. BofA is SP now, but they're still pulling your credit.

Re: BoA CLI noob question

Meanmchine — Mon, 10 Sep 2018 17:05:34 GMT

Thanks Brian

Who does BoA pull for CLIs so I can unfreeze it

Re: BoA CLI noob question

Anonymous — Mon, 10 Sep 2018 17:06:01 GMT

Several of the SP Prequal sites have similar language, although they also say "this will not affect your credit score," tipping off a SP vs. HP.

I don't know firsthand with BoA but various DPs suggest it's safe to proceed. If it was me, I'd probably wait to first hear from someone who has seen that screen and proceeded unscathed.

Re: BoA CLI noob question

Medic981 — Mon, 10 Sep 2018 17:31:35 GMT

@Meanmchine wrote:
Thanks Brian
Who does BoA pull for CLIs so I can unfreeze it

As you have a relationship with BoA you will not need to unfreeze your bureaus for them to access your files.

Re: BoA CLI noob question

JR_TX — Mon, 10 Sep 2018 18:10:01 GMT

@Meanmchine wrote:
Thanks Brian
Who does BoA pull for CLIs so I can unfreeze it

BoA “mostly” use TU for SP CLIs.

Re: BoA CLI noob question

Meanmchine — Mon, 10 Sep 2018 21:37:38 GMT

Bit the bullet and watched the wheel spin.

7-10 day notice

Kiss of death?

Re: BoA CLI noob question

Loquat — Mon, 10 Sep 2018 21:36:41 GMT

@Meanmchine wrote:
Bit the bullit and watched the wheel spin.
7-10 day notice
Kiss of death?

Usually. Sorry OP.

Re: BoA CLI noob question

FinStar — Mon, 10 Sep 2018 23:37:15 GMT

@Loquat wrote:
@Meanmchine wrote:
Bit the bullit and watched the wheel spin.
7-10 day notice
Kiss of death?
Usually. Sorry OP.

Generally, yes. However, there are situations in which it may not be (additional revew required). If your CL doesn't change within a few days, then it's declined.

Re: BoA CLI noob question

imaximous — Tue, 11 Sep 2018 00:25:09 GMT

Did you unfreeze your TU? If you didn’t, that could be a reason for the message. Even though it’s a SP, they still require that you remove the freeze. It happened to me. Then I got approved after unfreezing and calling in.
Another reason could be length of account being open. 3 months may be a little too soon but ymmv on this. One of my accounts was opened just over 4 months ago and not elegible for CLI yet.

Re: BoA CLI noob question

Meanmchine — Tue, 11 Sep 2018 01:10:37 GMT

@imaximous wrote:
Did you unfreeze your TU? If you didn’t, that could be a reason for the message. Even though it’s a SP, they still require that you remove the freeze. It happened to me. Then I got approved after unfreezing and calling in.
Another reason could be length of account being open. 3 months may be a little too soon but ymmv on this. One of my accounts was opened just over 4 months ago and not elegible for CLI yet.

Yes it is frozen. I didnt call for recon because I figured the acct was to new. Now there might be a glimmer of hope. Ill call in tomorrow and see

Thanks

Re: BoA CLI noob question

AverageJoesCredit — Tue, 11 Sep 2018 02:11:45 GMT

Meanie, you need to unfreeze your TU. Even though they are your creditor, for cli requests they still need to access your reports. You got this

Re: BoA CLI noob question

imaximous — Tue, 11 Sep 2018 03:18:11 GMT

I hope it works out for you. Please let us know the results. 👍🏻

Re: BoA CLI noob question

Meanmchine — Tue, 11 Sep 2018 10:47:35 GMT

Unfroze my TU and called in.

CSR was fantastically polite and helpful.

Yes, my initial denial was due to frozen TU so I unfroze it for her

BAMM Instant approval for $2000 increease. CL now $10,000

She hinted that if I wanted more, I could submit another app

Thanks for all the input

MODS, please move to Approvals section. Thankyou

Re: BoA CLI noob question

AverageJoesCredit — Tue, 11 Sep 2018 11:43:50 GMT

Awesome job Meanie Now next time, unfreeze and hit the button . Request high they should counter if you are eligible. If your TU is still unfrozen smash again now

Re: BoA CLI noob question UPDATE APPROVED 9/11

JR_TX — Tue, 11 Sep 2018 12:00:02 GMT

Congrats mean!!

If button still there smash again the AJC way!!

With BoA SP CLI always ask not just for the moon but for Pluto! They always counter anyways.

Re: BoA CLI noob question

xaximus — Tue, 11 Sep 2018 12:50:22 GMT

Congrats on your CLI. Meanmchine is on a roll today!

Re: BoA CLI noob question

imaximous — Tue, 11 Sep 2018 13:31:43 GMT

@Meanmchine wrote:
Unfroze my TU and called in.
CSR was fantastically polite and helpful.
Yes, my initial denial was due to frozen TU so I unfroze it for her

BAMM Instant approval for $2000 increease. CL now $10,000
She hinted that if I wanted more, I could submit another app

Thanks for all the input

MODS, please move to Approvals section. Thankyou

Good for you! If that's what you requested ($2k CLI only), that's probably why she said that you could've asked for more. Like others mentioned, with BofA you want to aim high and let them counter. That's how you know if you've reached your ceiling at that particular time. Of course, if you're happy with that CL, then you're all set

Re: BoA CLI noob question

Meanmchine — Tue, 11 Sep 2018 14:36:53 GMT

@AverageJoesCredit wrote:
Awesome job Meanie Now next time, unfreeze and hit the button . Request high they should counter if you are eligible. If your TU is still unfrozen smash again now

You guys are going to get me in trouble

Clicked again

Approved for another $2500 for a new CL of $12500

Re: BoA CLI noob question UPDATE APPROVED 9/11

Meanmchine — Tue, 11 Sep 2018 14:40:42 GMT

@JR_TX wrote:
Congrats mean!!
If button still there smash again the AJC way!!
With BoA SP CLI always ask not just for the moon but for Pluto! They always counter anyways.

Thanks JR_TX

OMG OMG OMG The CLI link is still there. Maybe I could .........................