topic Re: BofA second attempt cli with same pull? in Credit Card Applications

BofA second attempt cli with same pull?

Anonymous — Mon, 05 Feb 2018 03:43:48 GMT

Hey Guys,

I tried to find some knowledge on this specific aspect if BofA but I had no luck.

I tried to CLI with BofA and I got denied. I had a 4k balance on my 17200 line when I did it.

Called recon and they said it would take 24-72 hours to be reviewed. I have not heard back, so I assume denied.

However, I paid more than half that off and I want to try to apply again. Obviously, the credit report would be the same but the actual account with BofA would be in better shape. I know they hold the report on file for 30 days. However, I wonder if this is a special scenario.

Also, I tried to increase to 30k because they will usually just throw out what they are willing to approve.

My questions, 1) if i apply again would they use the same report? 2) did I get shot down cause of my high request?

Re: BofA second attempt cli with same pull?

Asilomar — Mon, 05 Feb 2018 05:01:01 GMT

Hang in there for K in Boston. Or maybe message him. He's the BofA guru (or pimp...YMMV) 'round these parts.

Re: BofA second attempt cli with same pull?

FinStar — Mon, 05 Feb 2018 17:37:24 GMT

No need to reapply again if you submitted the CLI request <30 days ago. The same HP will be used even if you called to have it reconsidered.

Anytime it's submitted for a higher than a standard amount (based on present CL and usage), it's either approved (provided one meets the UW eligibility), countered to a lower amount or declined altogether.

You mentioned it was initially denied. What reason did they provide?

Re: BofA second attempt cli with same pull?

coldfusion — Tue, 06 Feb 2018 00:30:36 GMT

wrote:
No need to reapply again if you submitted the CLI request <30 days ago. The same HP will be used even if you called to have it reconsidered.

Anytime it's submitted for a higher than a standard amount (based on present CL and usage), it's either approved (provided one meets the UW eligibility), countered to a lower amount or declined altogether.

You mentioned it was initially denied. What reason did they provide?

You can also get a notice that it's being remanded for manual review with a generic 7-10 day up-to-30 day notification qualifier.

IME actual turnaround is generally by COB the next business day and they do not counter - it's an all-or-nothing proposition.

Re: BofA second attempt cli with same pull?

Newbie2018 — Tue, 06 Feb 2018 05:02:06 GMT

As long as it's within 30 days it won't be a hard pull. They use the same one. Happend to me today when I tried to graduate from secured. Anything over 30 days they would have to pull again.

Re: BofA second attempt cli with same pull?

Anonymous — Thu, 08 Feb 2018 00:01:36 GMT

I got the letter today and the first reason for the denial is

- Cash Advance history on one of more of your accounts with us and/or our affiliates.

Interesting cause I literally only did an advance for 400 dollars last month. It was only to pay off a card before the statement cut.

Its funny that they offer you a feature that they mark as negative. Especially for one use. I guess I will not be using BofA for that anymore if ever needed.

Does anyone know how long that shows on your recent history with BofA?

Re: BofA second attempt cli with same pull?

Newbie2018 — Thu, 08 Feb 2018 00:06:52 GMT

Cash advances always suck. I try not to use them. Costly. I never hear that it was a reason for a denial. That's crazy.

Re: BofA second attempt cli with same pull?

Anonymous — Thu, 08 Feb 2018 00:13:23 GMT

Agreed, it was my first one ever. I only paid a 3% fee and then paid it off at the end of the week. Therefore, I paid 12 dollars which for the reason I thought was more than worth it. I am going to call recon tomorrow and see if there is some reasoning I can make.