topic Re: BOFA Application Result in Credit Card Applications

BOFA Application Result

Anonymous — Fri, 24 May 2019 04:27:41 GMT

Can anyone explain me that BOFA denied me even I have several cards even I've Disco card with $5K.

What is the real reason or they just being picky?

Re: BOFA Application Result

Anonymous — Fri, 24 May 2019 05:49:45 GMT

Number 1 reason on the list is the most impactful to them — so in this case, past delinquency.

BofA is one of the last cards you’re going to get at the end of your rebuild, not this early into it.

Re: BOFA Application Result

Anonymous — Fri, 24 May 2019 15:24:16 GMT

2/3/4 mean you haven't had enough experience with your current accounts. You're too new/thin for them right now.

Re: BOFA Application Result

Anonymous — Sat, 25 May 2019 09:31:13 GMT

what kind of "delinquency" you have on your profile???

Re: BOFA Application Result

kdm31091 — Sat, 25 May 2019 12:04:43 GMT

The first reason - delinquency - is the major reason. The others are smaller considerations made in declining your application. As stated above, BOA is probably not an option anytime soon.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 00:24:48 GMT

lol trust me, my CR has ZERO delinquency. All accounts are paid ontime 100% since.

BOFA sucks anyway.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 00:27:52 GMT

@Anonymous wrote:
lol trust me, my CR has ZERO delinquency. All accounts are paid ontime 100% since.

BOFA sucks anyway.

If Bank of America sucks why did you even bother to apply?

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 00:34:54 GMT

I got invitation in the mail so I applied but rejected. I called EX and request inquiry to be removed, approved, will be gone in June .

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 00:41:42 GMT

@Anonymous wrote:
lol trust me, my CR has ZERO delinquency. All accounts are paid ontime 100% since.

BOFA sucks anyway.

So what is suppressing your scores so much if you don’t have any negative items?

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 00:52:13 GMT

@Anonymous wrote:
@Anonymous wrote:
lol trust me, my CR has ZERO delinquency. All accounts are paid ontime 100% since.

BOFA sucks anyway.
So what is suppressing your scores so much if you don’t have any negative items?

Your DP will help others on this forum. Thanks in advance

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 01:04:51 GMT

If you have such a superlative credit history why do you have sub-prime accounts like Fingerhut and Credit One; and such low credit limits? Something is not adding up.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 01:14:13 GMT

That was right before I applied for anything else. After FH gave me $1k, other followed with large CL.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 01:17:17 GMT

@Anonymous wrote:
That was right before I applied for anything else. After FH gave me $1k, other followed with large CL.

Perhaps you need to update your signature because I don't see a "large CL" anywhere there. I do see that Capital One "Plantium" credit line of $500 just one week ago.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 01:32:22 GMT

I think you mis-understood.

I first started with CapOne with $200, ran for 5 1/2 months, graduated recently and upgraded with $300 CLI total $500.

But when I first applied for CP1, within 2 weeks, I applied for Target for $500 then Fingerhut for $1000 then Amazon for $2500 then Bread for $2500 then Affirm for $435 then I was on break for week and half, I decided for Walmart, got for $1000. On 3rd month, I applied for Credit One for $300 then finally as of 2 weeks ago, I applied for Disco and got for $5k. Few days ago, I was approved for QS1 for $2500.

That is the progress I did.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 01:35:47 GMT

I haven't misunderstood anything. Nothing you posted can be characterized as a "large CL."

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 01:39:28 GMT

I said large CL which means I got more higher starting CL, enuff said.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 01:46:51 GMT

mmk... "large" is all relative to the person that has it. For some of us it's 1K and others 5K and some 10K and after you've been at it awhile it's 50K+

I would call some of the lines in your signature rookie moves w/o knowing better and then you came here and saw the light of staying away from those sorts of lenders moving forward. However your cache of cards isn't quite on par with what a major prime lender will approve you for at this point.

Now that you have 1 x $5K line of credit with someone it's time to sit your butt in the garden and let things mature a bit. While you're there hit the CLI button every 3-6 months on your cards and see if you can break into the 10K territory before trying to go for more cards.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 02:10:43 GMT

I guess what I am struggling with understanding is how OP doesn’t have negatives but has those scores and those accounts with 14 years of AAoA. That’s what doesn’t make sense to me.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 02:12:52 GMT

It doesn't always make sense like the guy the other day that had 1 TL open for about 6 months and pulled a CSR approval for 15K.

Re: BOFA Application Result

Anonymous — Sun, 26 May 2019 02:15:02 GMT

Becuase I didnt had credit and I had 19 collections sitting for 7 yrs and 4 re posted and I fought and cleanned up and that time the score was bad so I left it alone til last year I decided to use Self Lender to built some history. That is where I landed these cards.