topic BOA SOFT PULL FOR CLI in Credit Cards

BOA SOFT PULL FOR CLI

tray — Thu, 16 Jun 2011 20:15:19 GMT

For the first time since BOA revamped their online credit card cli link with the phrase "you authorize us to obtain a copy of your credit report" I ended up yesterday doing the request and checked my BOA online account today and my request for $1,000.00 ( did not want to push it) was granted it was a SOFT pull on my EX report with yesterday's date when I checked today. Just wanted to put the information out there that you never know with BOA

around 13% utilization

3 brand new accounts this year

Re: BOA SOFT PULL FOR CLI

smc733 — Thu, 16 Jun 2011 20:19:31 GMT

@tray wrote:
For the first time since BOA revamped their online credit card cli link with the phrase "you authorize us to obtain a copy of your credit report" I ended up yesterday doing the request and checked my BOA online account today and my request for $1,000.00 ( did not want to push it) was granted it was a SOFT pull on my EX report with yesterday's date when I checked today. Just wanted to put the information out there that you never know with BOA

around 13% utilization
3 brand new accounts this year

Perhaps there may be a trend here we overlook...

How long have you had the card?

Do you bank with them?

Which product do you have with them?

Re: BOA SOFT PULL FOR CLI

tray — Thu, 16 Jun 2011 20:28:34 GMT

@smc733 wrote:
@tray wrote:
For the first time since BOA revamped their online credit card cli link with the phrase "you authorize us to obtain a copy of your credit report" I ended up yesterday doing the request and checked my BOA online account today and my request for $1,000.00 ( did not want to push it) was granted it was a SOFT pull on my EX report with yesterday's date when I checked today. Just wanted to put the information out there that you never know with BOA

around 13% utilization
3 brand new accounts this year
Perhaps there may be a trend here we overlook...

How long have you had the card?
Do you bank with them?
Which product do you have with them?

I have the platinum plus worldpoints visa, I have had this card since 07, this was my 1st cc in my credit rebuilding phase, it was a secured card which graduated to unsecured then converted to worldpoints, I can remember when my card became unsecured I could NEVER get a CLI always a denial even when speaking with a rep

and now they are granting cli's without speaking with any rep last cli was six months ago, and I do have a savings account, not much invested though.

Re: BOA SOFT PULL FOR CLI

tray — Sun, 19 Jun 2011 16:14:56 GMT

Update: 2 days after I wrote this thread an alert came from true credit monitoring service a change in cr, went to check and behold a HARD PULL from BOA, my last cli was a soft pull no exceptions, well I recon from now on hard pulls for cli's from BOA from here on.

Re: BOA SOFT PULL FOR CLI

Anonymous — Thu, 23 Jun 2011 11:54:50 GMT

Last night I requested CLI online, got a message to call to complete the decision. I called and got denied for the amount I asked for at around 10PM. Then I got an alert from Amex CMS this morning of hard pull on my TU at 2.30 AM last night. It's weird that hard pull was actually done after the decision was made just for the sake of punishment.

Re: BOA SOFT PULL FOR CLI

Datx — Thu, 23 Jun 2011 12:14:59 GMT

@Anonymous wrote:
Last night I requested CLI online, got a message to call to complete the decision. I called and got denied for the amount I asked for at around 10PM. Then I got an alert from Amex CMS this morning of hard pull on my TU at 2.30 AM last night. It's weird that hard pull was actually done after the decision was made just for the sake of punishment.

Its very likely they pulled your CR to make the decision. The alert you received from your monitoring service is simply an alert that your CR was pulled recently. When I applied for a CC or for a CLI, I normally get my alerts the next morning, sometimes a full day before I even get an alert.

Re: BOA SOFT PULL FOR CLI

Anonymous — Thu, 23 Jun 2011 12:52:31 GMT

Is this an usual phenomenom? I just request CLI through BoA and it was not hard from either TU or EQ, and they were report the new credit lines already. So it must be EX then?

Re: BOA SOFT PULL FOR CLI

Anonymous — Thu, 23 Jun 2011 13:36:08 GMT

It was a soft for me... I had it increased more than a week ago. Got the same message to call but didn't. Was going from $1000 to $1500 and it's a Student Platinum Plus

Re: BOA SOFT PULL FOR CLI

MarineVietVet — Thu, 23 Jun 2011 17:19:19 GMT

A couple of months ago I requested CLI's on my 2 BoA accounts (both denied BTW) and they pulled EX and told ne it would be a hard pull but I haven't checked my reports lately to see if it's true.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: BOA SOFT PULL FOR CLI

smc733 — Thu, 23 Jun 2011 20:57:10 GMT

I actually tweeted BoA_Help about this and had them give me a phone call from someone who I assumed was high up...

They gave me the same boilerplate about the new CARD act. When I told her Amex and Citi don't do it, she claimed they were in violation of the act. I immediately knew the script I was dealing with, so I thanked her for her time and hung up.

Re: BOA SOFT PULL FOR CLI

Anonymous — Fri, 24 Jun 2011 00:14:24 GMT

I seriously doubt that ccc's try to "punish" people for applying for a CLI. Why would they spitefully single out this person or that person for adverse action? Sometimes inquiries appear on my file several days or more after I've initiated the request. Maybe the company was considering a recon? In any event, they have the right to a hard pull whenever someone requests credit. This is not punishment--It's a matter of policy and business law.

Re: BOA SOFT PULL FOR CLI

Anonymous — Fri, 24 Jun 2011 02:06:08 GMT

Maybe it's different from states to states. Maybe also depending on if they need a serious look on your credit report (which I found weird, since they can just do a soft pull). For example, maybe ones that requires manual review by an agent will be hard pull? One that has a big limit increase or a very big limit (15k) going to a even bigger limit.

Re: BOA SOFT PULL FOR CLI

Anonymous — Fri, 24 Jun 2011 03:30:44 GMT

I don't know this for a fact but I suppose one reason a ccc might do a hard pull when someone asks for credit or a cli is to document the fact for the benefit of other creditors, especially since the soft pulls do not impact your credit score. I'm sure most creditors would be interested to know if one of their customers recently had half a dozen hard pulls on their file, though I get more than that in soft pulls each month including from companies I haven't heard of that might want to market a financial product to me.