topic Re: BOA Prequals in Credit Card Applications

BOA Prequals

Dminicandreem — Sun, 17 Nov 2019 19:05:03 GMT

Can anyone help me with this . Are the prequals for BOA solid ? Or should I just wait for a preapproval ?

Re: BOA Prequals

randomguy1 — Sun, 17 Nov 2019 19:06:38 GMT

Prequals are strictly marketing as you will get the same results with Fido, Spot, or Mickey Mouse.

Re: BOA Prequals

AllZero — Sun, 17 Nov 2019 19:07:13 GMT

The prequal is not solid. The special offers are pretty solid.

Do you currently have a CC account with them?

Re: BOA Prequals

Dminicandreem — Sun, 17 Nov 2019 19:09:15 GMT

Ok thank you . I dont Have one with them . I have 2 with Navy GR and MR , Discover It , cap 1 QS , ...

Re: BOA Prequals

Dminicandreem — Sun, 17 Nov 2019 19:11:31 GMT

Thx you . I’m new to all of this and trying to build my credit

Re: BOA Prequals

AllZero — Sun, 17 Nov 2019 19:44:12 GMT

@Dminicandreem wrote:
Ok thank you . I dont Have one with them . I have 2 with Navy GR and MR , Discover It , cap 1 QS , ...

BoA will pull from Experian or Transunion depending on region.

Re: BOA Prequals

Dminicandreem — Sun, 17 Nov 2019 19:46:16 GMT

Both of those scores are ok . 640 and 651 not great but growing . I live in PA

Re: BOA Prequals

AllZero — Sun, 17 Nov 2019 19:53:55 GMT

@Dminicandreem wrote:
Both of those scores are ok . 640 and 651 not great but growing . I live in PA

I'd suggest do what you can to improve your scores. I'm not sure what BoA score minimum is for approval.

If you don't have a checking, savings account, I'd recommend getting one. It may not help but it doesn't hurt either.

Re: BOA Prequals

Dminicandreem — Sun, 17 Nov 2019 20:50:11 GMT

Ok. I have Both with about 20k in each just to build a solid relationship

Re: BOA Prequals

AllZero — Sun, 17 Nov 2019 21:16:50 GMT

Those are solid depository amounts. Hopefully, it'll look favorable for you.

In the meantime, check out the rebuilding forum to see what you can do to improve your scores. If you have high utilization, delinquency or derogatory, it'll keep your scores supressed.

Re: BOA Prequals

Dminicandreem — Sun, 17 Nov 2019 21:28:34 GMT

Ok , utilization is at 9% .. have two collections in dispute .

Re: BOA Prequals

Dminicandreem — Sun, 17 Nov 2019 21:28:50 GMT

Thank you for advice

Re: BOA Prequals

AllZero — Sun, 17 Nov 2019 22:14:30 GMT

You're welcome.

Your utilization looks good. If you can get those collections deleted that would be great. It'll improve your odds at approval.

Re: BOA Prequals

Dminicandreem — Mon, 18 Nov 2019 03:34:34 GMT

Will definitely follow the advice . Thank you so much for taking time