topic Re: BOA Closed CC in Credit Cards

BOA Closed CC

corymcd88 — Mon, 01 Jan 2018 22:35:32 GMT

BOA just closed two of my CC with them and they have a balance on the cards. What will that do when they report the cards to the CRA?

Re: BOA Closed CC

Anonymous — Mon, 01 Jan 2018 22:40:38 GMT

Reason?

Both cards will show 100% utility, aka maxed out.

Re: BOA Closed CC

CreditCuriosity — Mon, 01 Jan 2018 23:11:44 GMT

Pay them off ASAP or bt them. Sorry to hear that has happened

Re: BOA Closed CC

Anonymous — Mon, 01 Jan 2018 23:21:00 GMT

@corymcd88 wrote:
BOA just closed two of my CC with them and they have a balance on the cards. What will that do when they report the cards to the CRA?

So sorry that this happened to you. Could you provide more details...info...data points.....it would be helpful to others i figuring out why this may have happened...thanks!!

Re: BOA Closed CC

corymcd88 — Mon, 01 Jan 2018 23:26:14 GMT

@Anonymous wrote:
@corymcd88 wrote:
BOA just closed two of my CC with them and they have a balance on the cards. What will that do when they report the cards to the CRA?
So sorry that this happened to you. Could you provide more details...info...data points.....it would be helpful to others i figuring out why this may have happened...thanks!!

I just got a car loan for 16k, 783 FICO.

Re: BOA Closed CC

Anonymous — Mon, 01 Jan 2018 23:30:15 GMT

I don’t think it was the car loan.....what’s your overall revolving utility? Have you recently opened a lot of new accounts?

Re: BOA Closed CC

Anonymous — Mon, 01 Jan 2018 23:31:28 GMT

@Anonymous wrote:
I don’t think it was the car loan.....what’s your overall revolving utility? Have you recently opened a lot of new accounts?

Re: BOA Closed CC

corymcd88 — Mon, 01 Jan 2018 23:39:55 GMT

@Anonymous wrote:
I don’t think it was the car loan.....what’s your overall revolving utility? Have you recently opened a lot of new accounts?

No, about 3% overall.

Re: BOA Closed CC

CreditCuriosity — Mon, 01 Jan 2018 23:41:36 GMT

Strange.. Will be curious to hear their reasons. Once again sorry this happened to you

Re: BOA Closed CC

fltireguy — Tue, 02 Jan 2018 00:33:06 GMT

The card WILL NOT show 100% util, and it WONT show as maxed or anything either.
It will still report the CL even though it is closed (speaking from recent experience)

Re: BOA Closed CC

AverageJoesCredit — Tue, 02 Jan 2018 00:44:20 GMT

Op, i know that you arent a poster of many words from how you post, and most likely your question has been answered by fltireguy, but it would be appreciated if there were any other details you'd be willing to share about your current credit situation. A new car losn and 3 % utilization isnt going to get your cards closed.

People here will like to know about Boa closing 2 credit cards, so they can possibly avoid same mishap and i have a feeling that if we keep trying to pry info from you this thread will go on for awhile lol. Any details you can provide such as what cards you had, their limits, maybe balance. How long have you had them. Have you applied multiple cards elsewhere recently?. Thank you if you can shed more light if possible.

Re: BOA Closed CC

Anonymous — Tue, 02 Jan 2018 01:04:58 GMT

@fltireguy wrote:
The card WILL NOT show 100% util, and it WONT show as maxed or anything either.
It will still report the CL even though it is closed (speaking from recent experience)

That’s a positive.

Re: BOA Closed CC

Anonymous — Tue, 02 Jan 2018 01:12:49 GMT

@AverageJoesCredit wrote:
Op, i know that you arent a poster of many words from how you post, and most likely your question has been answered by fltireguy, but it would be appreciated if there were any other details you'd be willing to share about your current credit situation. A new car losn and 3 % utilization isnt going to get your cards closed.

People here will like to know about Boa closing 2 credit cards, so they can possibly avoid same mishap and i have a feeling that if we keep trying to pry info from you this thread will go on for awhile lol. Any details you can provide such as what cards you had, their limits, maybe balance. How long have you had them. Have you applied multiple cards elsewhere recently?. Thank you if you can shed more light if possible.

@Anonymous input as always @Anonymous...

There has to be more to the story than just getting a car loan, there isn't a bank on earth that would just up and close two CC accounts in good standing because the card holder got a car loan.

Re: BOA Closed CC

corymcd88 — Tue, 02 Jan 2018 02:37:25 GMT

BOA told me $2.200 bal and $45.000 is credit at BOA is more exposure they want to see at my income level.

Re: BOA Closed CC

AverageJoesCredit — Tue, 02 Jan 2018 02:43:07 GMT

Wow, if they used your income as an excuse i can believe it. Im tapped out at only 1 card with 10k limit because my income doesnt support more or any other card. Boa is mostly about the money not just good credit responsible use. I wish it werent true. Alas why ill never seek another cli with them.

But puzzling is the fact that they would give you 45k in credit on 2 cards and you only using 2200 balance. I carry $5500 on a $10700 card and no such issues ( yet). Interesting.

Re: BOA Closed CC

fltireguy — Tue, 02 Jan 2018 02:46:37 GMT

But if you have a pile of new accts... and inq, like I did..BOa will close