topic Re: BoA CLI in Credit Cards

BoA CLI

Anonymous — Mon, 01 Jun 2009 19:18:53 GMT

I recently tried to apply for a Bank of America cli and I was given a standard 5-7 message. I called the backdoor number and was told that I was declined due to very low credit scores. What threw me off was that my fico score for EQ is 710 and my TU score should be over 700 as well. I have no baddies on my report either. The only baddie I can think of is my short credit history which is currently at 9 - 10 months. Would that be enough of a reason to deny me? Any help would be much appreciated!

Re: BoA CLI

Anonymous — Mon, 01 Jun 2009 19:26:17 GMT

I think it these times BOFA is looking for higher scores, say anything above 750 . And the short history maybe a factor as well

Re: BoA CLI

Anonymous — Mon, 01 Jun 2009 19:37:04 GMT

@Anonymous wrote:
BOFA is looking for higher scores, say anything above 750 .

It may be a sign of the times,But who are they the next Amex?

Re: BoA CLI

Woolfman — Mon, 01 Jun 2009 23:59:22 GMT

Well my scores are currently right around 710 ( about 720 when i hit the button) and i have ran a balance on my world points mc from 900 of 1000 available to around 100.00 balance more recently and last month i hit the CLI button and I went from 1000 to 2500 cli. My card was opened right at a year ago as of this month. My util at the time was below 10 percent on all available credit lines. Everything on my report is aged a year or less besides on CC from 10 yrs ago that had a 300 limit (closed by consumer)

They just dont seem to have any rhyme or reason lately .

Re: BoA CLI

smallfry — Tue, 02 Jun 2009 00:24:42 GMT

Congrats you have good scores and BofA (who doesn't) likes to see usage on their cards. They like you.

Re: BoA CLI

Anonymous — Tue, 02 Jun 2009 01:19:13 GMT

@Woolfman wrote:
Well my scores are currently right around 710 ( about 720 when i hit the button) and i have ran a balance on my world points mc from 900 of 1000 available to around 100.00 balance more recently and last month i hit the CLI button and I went from 1000 to 2500 cli. My card was opened right at a year ago as of this month. My util at the time was below 10 percent on all available credit lines. Everything on my report is aged a year or less besides on CC from 10 yrs ago that had a 300 limit (closed by consumer)

They just dont seem to have any rhyme or reason lately .

Based on the current climate, maybe you didnt receive an additional CLI based on the above. If I am reading correctly, you just received a $1500 CLI last month. From what I have read about BofA, they dont give CLIs every month, and Im sure they probably arent now with the existing "credit crisis." Hopefully others who additional experience can chime in.

Re: BoA CLI

smallfry — Tue, 02 Jun 2009 01:25:45 GMT

@Anonymous wrote:
I recently tried to apply for a Bank of America cli and I was given a standard 5-7 message. I called the backdoor number and was told that I was declined due to very low credit scores. What threw me off was that my fico score for EQ is 710 and my TU score should be over 700 as well. I have no baddies on my report either. The only baddie I can think of is my short credit history which is currently at 9 - 10 months. Would that be enough of a reason to deny me? Any help would be much appreciated!

Do not give up. Try nother recon. I was denied for my first app and my request for a CLI. Reconned and was granted both requests.

Re: BoA CLI

Woolfman — Tue, 02 Jun 2009 10:20:37 GMT

@Anonymous wrote:
@Woolfman wrote:
Well my scores are currently right around 710 ( about 720 when i hit the button) and i have ran a balance on my world points mc from 900 of 1000 available to around 100.00 balance more recently and last month i hit the CLI button and I went from 1000 to 2500 cli. My card was opened right at a year ago as of this month. My util at the time was below 10 percent on all available credit lines. Everything on my report is aged a year or less besides on CC from 10 yrs ago that had a 300 limit (closed by consumer)

They just dont seem to have any rhyme or reason lately .
Based on the current climate, maybe you didnt receive an additional CLI based on the above. If I am reading correctly, you just received a $1500 CLI last month. From what I have read about BofA, they dont give CLIs every month, and Im sure they probably arent now with the existing "credit crisis." Hopefully others who additional experience can chime in.

I was just relaying my experience , Im not the OP and havent tried to get another CLI since

We both have similiar scores and a short credit history .

Re: BoA CLI

Anonymous — Tue, 02 Jun 2009 10:44:55 GMT

@Woolfman wrote:
@Anonymous wrote:
@Woolfman wrote:
Well my scores are currently right around 710 ( about 720 when i hit the button) and i have ran a balance on my world points mc from 900 of 1000 available to around 100.00 balance more recently and last month i hit the CLI button and I went from 1000 to 2500 cli. My card was opened right at a year ago as of this month. My util at the time was below 10 percent on all available credit lines. Everything on my report is aged a year or less besides on CC from 10 yrs ago that had a 300 limit (closed by consumer)

They just dont seem to have any rhyme or reason lately .
Based on the current climate, maybe you didnt receive an additional CLI based on the above. If I am reading correctly, you just received a $1500 CLI last month. From what I have read about BofA, they dont give CLIs every month, and Im sure they probably arent now with the existing "credit crisis." Hopefully others who additional experience can chime in.
I was just relaying my experience , Im not the OP and havent tried to get another CLI since

We both have similiar scores and a short credit history .

Can you say oops ... I was not paying attention and thought the post I responded to was from the OP. My apologies.

Re: BoA CLI

Anonymous — Thu, 04 Jun 2009 19:20:50 GMT

So just an update... I attempted to recon with another backdoor analyst and apparently the person I spoke to earlier did not really know what she was talking about. I was denied because of my overall short credit history and because I owed too much. My utilization is currently under 5% and the only thing I really owe is my student loan which is coincendentally a federal stafford loan by Bank of America. Right now it is deferred until I graduate but do you guys think that it would be a factor in my being denied a cli? Thanks for all the help!