topic Re: If you got CLD'd by BofA, did they soft you on TU right beforehand? in Credit Cards

If you got CLD'd by BofA, did they soft you on TU right beforehand?

haulingthescoreup — Sat, 18 Apr 2009 02:10:44 GMT

I just got the 50% chop ($18K to $9K) by BofA, and I posted this on psychic's thread. He posted back with the letter that finally arrived by snail mail, referring to his TU report.

I got curious and checked my TU full report, and sure enough, they had softed me the previous month, only on TU. All my other softs by them have been on EX.

Those of you who access your full reports, do you see a soft by them on TU, when they've never checked your TU before?

If so, we might have an indicator that the guillotine is being sharpened up, especially for you.

eta: I did find some promo softs by BofA on my TU from last fall, but this one was under the Account Review section. On top of which, every other inq by BofA has a Wilmington, Delaware addy, but this one was from Greensboro, NC:

BANK OF AMERICA
pe
4161 PIEDMONT PKWY
1825 E BUCKEYE RD
GREENSBORO , NC 27410
(800) 451-6362

I remember a year or more ago, when we noted that softs by AmEx from a Greensboro NC address preceded bad news, as opposed to those coming from El Paso or somewhere in Florida. Is Greensboro now the home of credit choppers?

Message Edited by haulingthescoreup on 04-17-2009 07:10 PM

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 02:16:20 GMT

Sorry to veer off topic , but how to you pull a full report from TU?

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 02:31:51 GMT

I have a secured card with BOFA an they soft my TU last month.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 02:52:56 GMT

Voila... I didn't get a CLD on my acct, but the acct on which I'm an AU rec'd a 50% cut. I was ratejacked from 9.9 to 15'ish.

BANK OF AMERICA

4161 PIEDMONT PKWY
1825 E BUCKEYE RD
GREENSBORO , NC 27410
(800) 451-6362

Requested On:

03/2009

ETA -- tried to fix the formatting and couldn't.

Also -- noticed while I was looking at a TU report (pulled b/c of a denial awhile back), I saw this:

PROMOTIONAL OPT-OUT: This file has been opted out of promotional lists supplied by TransUnion
(Note: This statement is set to expire in 02/2014.)

Interesting.... I guess I did that sometime in Feb w/o knowing it.

Message Edited by WhirledPeasPlease on 04-17-2009 10:52 PM

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

haulingthescoreup — Sat, 18 Apr 2009 03:05:04 GMT

felixfly2000 wrote:
Sorry to veer off topic , but how to you pull a full report from TU?

You initially get it via your free annual report at https://www.annualcreditreport.com (NOT freecreditreport-dot-com!)
OR
You buy a report from their site
OR
If you have been denied credit, the lender will send you a letter explaining how to get your free report.

Back-door updated reports:

Go to http://annualcreditreport.transunion.com/entry/disputeonline. Click on first-time user to dispute a report. Once you've done this, you can continue to pull updated reports by going back to the same site, but this time click the Returning? button. Enter your username and pw, log in, and click the first orange bar, "Submit Dispute." Oddly, you don't have to dispute anything --it just pulls a refreshed full report.

For a long time, I went back and forth, trying to decide if it was ethical. But they obviously know this loophole is present and haven't elected to close it, so there you are. That being said, though, I only pull once a month or less. I don't want to lose access.

Even though it's probably a violation of FCRA, all three CRA's keep "losing" soft inquiries, so I keep a running list on Notepad on my desktop. Interesting to see who's looking at what, and this is how I saw that every other soft by BofA was out of Wilmington, until this one came along.

And they did their regular soft on EX at the end of February, and this one came along some time in March (TU only shows MM / YYYY). So it's definitely out of pattern.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 06:53:30 GMT

They sure did!

Message Edited by psychic on 04-18-2009 02:53 AM

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

jmbfl — Sat, 18 Apr 2009 09:02:57 GMT

Both BofA and Discover pulled account review inquiries on my TU in 04/2009. I see nothing from either of them in the previous two years. My BofA is at the one year point this month. Discover is between six months and one year. My BofA AMEX card is at 9.9% F and I have never received any type of auto-CLI and I was turned down when I asked for one at the six month point with a lame explanation from them (CL=$3,500). Since I don't feel they have been overly generous with me I certainly hope they don't decide to turn around and punish me for my good behavior. I have no problem with Discover, The CL is still at the $8,100 it was at opening, but the APR has actually gone down to 9.9% V. I will keep my fingers crossed and hope for no problems.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Itsmeagain — Sat, 18 Apr 2009 10:43:48 GMT

Uh-Oh . . . .

BANK OF AMERICA

4161 PIEDMONT PKWY
1825 E BUCKEYE RD
GREENSBORO , NC 27410
(800) 451-6362

03/2008

Just checked and there it is. No action yet. Is this the Kiss of CLD? Time will tell.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 11:55:35 GMT

In my case, there were no softs on TU, but there was one soft about one week before my CLD on Experian.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 14:18:48 GMT

It appears that NC has soft pulled me several times

BANK OF AMERICA

4161 PIEDMONT PKWY

1825 E BUCKEYE RD

GREENSBORO, NC 27410

(800) 451-6362

Requested On: 02/2009

However, NC is the location that my attorney and I were dealing directly with when my BoA visa was deleted off my CR last year and took me 6 months of hell and an attorney to get it back on TU. So, they may have been soft pulling to review results of efforts.

Message Edited by txjohn on 04-18-2009 07:18 AM

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

smallfry — Sat, 18 Apr 2009 14:11:27 GMT

Hauling BofA softed me on TU using from the Greensboro address but no AA as of yet. Card is only 5K and I was denied a few months back for a CLI. Since the kids have the card it does see usage every month but never more than 6% of the limit. Always PIF too. I think the smaller limits are probably safe larger ones maybe not. Sorry about the AA.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

haulingthescoreup — Sat, 18 Apr 2009 14:30:57 GMT

jmbfl wrote:
Both BofA and Discover pulled account review inquiries on my TU in 04/2009. I see nothing from either of them in the previous two years.

Was the BofA soft from Greensboro or from Delaware? I did find two TU softs with a Delaware address, but they showed under the Promo section. The Greensboro address was in the Account Review.

Discover pulls TU anyway for many people, so that might be OK.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

haulingthescoreup — Sat, 18 Apr 2009 14:33:51 GMT

Itsmeagain wrote:

Uh-Oh . . . .

BANK OF AMERICA
pe
4161 PIEDMONT PKWY
1825 E BUCKEYE RD
GREENSBORO , NC 27410
(800) 451-6362

03/2008

Just checked and there it is. No action yet. Is this the Kiss of CLD? Time will tell.

Fingers crossed for you! I hope you keep us posted, one way or another.

***Oh wait a minute, yours says 2008, not 2009! Did you type this, or copy/ paste this?

I found my surprise new limit out just by clicking on the online account, and there it was. Still no other notification.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 17:37:50 GMT

Pulled my report (think I also used my annual free report in the process dangit) and I do have an account review from BofA dated 3/2009 out of Greensboro, NC. No other inquiries (promo or otherwise) on my TU report. My limit is only $1000 on my Accelerated Amex, but in these ecomonic times you never know.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

ocheosa — Sat, 18 Apr 2009 17:47:40 GMT

You are definitely on to something HTSU!

I received the official CUT yesterday - from $20k to $10k

And yes, they did soft my TU credit report:

BANK OF AMERICA

4161 PIEDMONT PKWY
1825 E BUCKEYE RD
GREENSBORO, NC 27410
(800) 451-6362

Requested On: 03/2009

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

jmbfl — Sat, 18 Apr 2009 18:43:40 GMT

@haulingthescoreup wrote:
@jmbfl wrote:
Both BofA and Discover pulled account review inquiries on my TU in 04/2009. I see nothing from either of them in the previous two years.

Was the BofA soft from Greensboro or from Delaware? I did find two TU softs with a Delaware address, but they showed under the Promo section. The Greensboro address was in the Account Review.

Discover pulls TU anyway for many people, so that might be OK.

It mos def was NC. The corporate HQ of BofA is located in NC so I don't find that particularly odd. I suspect that every BofA account will reviewed there eventually. It also is the one year point for that account. I find the Discover INQ a little stranger - they have never looked there before and it is an odd time. Anyway, they both keep churning out the BT offers at 3.99%/9 months and 1.99%/6 months, 3.99%/10 months respectively so I am not too worried about it. It's just about time for some balance realignment so if I get RJ'ed and the BT offers are still out there that wll be a tremendous incentive to get to it.

This is all probably the work of some industrious sales and marketing people at TU pushing the increased use of their information during this time of credit tribulation. Gotta make a buck somehow...

DISCOVER FINCL SVC LLC

2500 LAKE COOK RD
RIVERWOODS , IL 60015-3851
(800) 347-2683

Requested On:
04/2009

BANK OF AMERICA

4161 PIEDMONT PKWY
1825 E BUCKEYE RD
GREENSBORO , NC 27410
(800) 451-6362

Requested On:
04/2009

Message Edited by jmbfl on 04-18-2009 11:43 AM

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 18:48:03 GMT

Hey, you know how it goes....one man/woman's tragedy is another's opportunity to use it against them

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 19:18:03 GMT

just to let you all know, credit card companies softing you isn't necessarily a bad thing; it's fairly routine among creditors. navy federal softs its members -- the ones that have loan products at least -- every other month. it's basically just checking to see if your credit has gone to @^$% so they can adjust your rate accordingly.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 19:20:31 GMT

I believe they were looking at unusual patterns of account review in relationship to AA thereafter.

Re: If you got CLD'd by BofA, did they soft you on TU right beforehand?

Anonymous — Sat, 18 Apr 2009 19:32:35 GMT

@Anonymous wrote:
I believe they were looking at unusual patterns of account review in relationship to AA thereafter.

possible. if you see frequent softs though, it doesn't necessarily mean they're looking to hurt you. they just want to make sure they have a quality portfolio. sometimes softs allow them to lower your apr if your credit increases significantly.