topic Re: Will Bank of America approve me? in Credit Cards

Will Bank of America approve me?

tennisfan78 — Fri, 14 Oct 2011 22:26:12 GMT

Score today: TU- 715

Score from EQ a month ago -691

I have 1 paid judgement on my report and one late payment that will fall off after Jan next year.

Any advices?

Re: Will Bank of America approve me?

Anonymous — Fri, 14 Oct 2011 22:50:52 GMT

@tennisfan78 wrote:

Score today: TU- 715
Score from EQ a month ago -691

I have 1 paid judgement on my report and one late payment that will fall off after Jan next year.

Any advices?

mortgage, auto loan, cc, line of credit?

Re: Will Bank of America approve me?

tennisfan78 — Sat, 15 Oct 2011 00:29:36 GMT

@Anonymous wrote:
@tennisfan78 wrote:

Score today: TU- 715
Score from EQ a month ago -691

I have 1 paid judgement on my report and one late payment that will fall off after Jan next year.

Any advices?

mortgage, auto loan, cc, line of credit?

No mortgage. Paid an auto loan 7 years ago.I just have 2 credit cards. US bank ($1000) and Capital one ($750)

Re: Will Bank of America approve me?

mxp114 — Sat, 15 Oct 2011 00:30:18 GMT

What about opening dates? Are these aged accounts or fairly new? Inquiries?

Re: Will Bank of America approve me?

tennisfan78 — Sat, 15 Oct 2011 00:43:48 GMT

@mxp114 wrote:
What about opening dates? Are these aged accounts or fairly new? Inquiries?

I have both those accounts opened one year ago. I did start with US Bank secured card last year and they graduated me to non secured recently. (I am in the rebuilding phase over the past year)

Other than that, I didnt apply for any credit/loan in the last 12 months.

Re: Will Bank of America approve me?

tennisfan78 — Sat, 15 Oct 2011 00:55:02 GMT

@tennisfan78 wrote:
@mxp114 wrote:
What about opening dates? Are these aged accounts or fairly new? Inquiries?
I have both those accounts opened one year ago. I did start with US Bank secured card last year and they graduated me to non secured recently. (I am in the rebuilding phase over the past year)

Other than that, I didnt apply for any credit/loan in the last 12 months.

I just checked my TU and EQ credit reports, and it says my average accounts age is 5 years.

Re: Will Bank of America approve me?

tennisfan78 — Sun, 16 Oct 2011 22:01:02 GMT

I did chat with a BOA credit card representative online and she suggested that I could apply for BOA Visa card, and if it didnt approve, I can open up a secured card. She said one hard pull to check and see which card I would qualify for.

I told her I will think about it for a bit and decide.

Any suggestions?

Re: Will Bank of America approve me?

Anonymous — Mon, 17 Oct 2011 00:02:58 GMT

They counter with a secured card if you are denied... so go for it

Re: Will Bank of America approve me?

mxp114 — Mon, 17 Oct 2011 01:44:28 GMT

It sounds good, I think you have a reasonable shot at getting approved. However if not, you will surely qualify for the secured card and it is a good one. Hope it works out and good luck.

Re: Will Bank of America approve me?

tennisfan78 — Mon, 17 Oct 2011 22:56:54 GMT

Thanks for the suggestions friends.

I did apply and was told that my application was approved. so, that is great news.

However, I am kind of disappointed that he mentioned that the credit limit is going to be $500. I was hoping that it would be atleast $1000.

But, I guess I cant complain as they didnt deny me

Do you think it is a good idea for me to call the backdoor numbers and see if they can start me off with a better limit?

Re: Will Bank of America approve me?

mxp114 — Mon, 17 Oct 2011 23:37:47 GMT

It can't hurt to try however not sure if BofA are one of those lenders that rarely match existing CL's for new accounts. You can call and ask for a credit limit recon. Congrats on the approval

Re: Will Bank of America approve me?

tennisfan78 — Tue, 18 Oct 2011 00:48:45 GMT

Thanks mxp. I did call, and the credit analyst suggested that the new card information is not generated yet. Told me to call back in a couple of days so they can look at it.

Will keep you all posted.

Re: Will Bank of America approve me?

Anonymous — Tue, 18 Oct 2011 00:52:56 GMT

@tennisfan78 wrote:
Thanks mxp. I did call, and the credit analyst suggested that the new card information is not generated yet. Told me to call back in a couple of days so they can look at it.

Will keep you all posted.

Approximately every 4 months you can hit the LUV button (CLI)..... Just show decent use of the card and pay in full or ontime. Have balance at 0 or very minimal (no more then 10%) when hitting the LUV button.

Re: Will Bank of America approve me?

tennisfan78 — Tue, 18 Oct 2011 01:02:56 GMT

@Anonymous wrote:
@tennisfan78 wrote:
Thanks mxp. I did call, and the credit analyst suggested that the new card information is not generated yet. Told me to call back in a couple of days so they can look at it.

Will keep you all posted.

Approximately every 4 months you can hit the LUV button (CLI)..... Just show decent use of the card and pay in full or ontime. Have balance at 0 or very minimal (no more then 10%) when hitting the LUV button.

Thanks JM-AM. That sounds great. I have been very careful with utilization over the past year since I started rebuilding. Always using less than 10 percent of the available limit, and paying in full every month. And will continue to do so.

On a different note, does any one know how or where can I take the fitness challenge? I do notice it a bunch a members signatures, but when I click on the link, it gives me page cannot be displayed message. Thanks

Re: Will Bank of America approve me?

MarineVietVet — Tue, 18 Oct 2011 01:30:04 GMT

@tennisfan78 wrote:
Thanks JM-AM. That sounds great. I have been very careful with utilization over the past year since I started rebuilding. Always using less than 10 percent of the available limit, and paying in full every month. And will continue to do so.

On a different note, does any one know how or where can I take the fitness challenge? I do notice it a bunch a members signatures, but when I click on the link, it gives me page cannot be displayed message. Thanks

There is an archived, locked thread for the 2010 Challenge and the new link for the 2011 Challenge. Are you sure you're trying the 2011 link? If you keep having trouble let me know and I'll contact an administrator about it.

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: Will Bank of America approve me?

tennisfan78 — Tue, 18 Oct 2011 02:14:03 GMT

@MarineVietVet wrote:
@tennisfan78 wrote:
Thanks JM-AM. That sounds great. I have been very careful with utilization over the past year since I started rebuilding. Always using less than 10 percent of the available limit, and paying in full every month. And will continue to do so.

On a different note, does any one know how or where can I take the fitness challenge? I do notice it a bunch a members signatures, but when I click on the link, it gives me page cannot be displayed message. Thanks
There is an archived, locked thread for the 2010 Challenge and the new link for the 2011 Challenge. Are you sure you're trying the 2011 link? If you keep having trouble let me know and I'll contact an administrator about it.

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".

Thanks MarineVietVet. I figured it out now. 2011 link is working fine. And just added the signature as well!

Re: Will Bank of America approve me?

tennisfan78 — Wed, 19 Oct 2011 00:28:08 GMT

Ok, here is an update. I did call the back door number and talked to a credit analyst. he said that I am approved for $500. I asked if they can reconsider the credit limit. He adviced to give it 2-3 months, make payments on time and then request for the CLI.

Either way, I am pretty excited that BOA did approve me I definitely wasnt in that position last year around this time. Thanks for all the suggestions everybody!

Re: Will Bank of America approve me?

Anonymous — Wed, 19 Oct 2011 00:50:36 GMT

BOA flat out denied me for one of their rewards VISA's. No derogatories, no deliquencies, no baddies whatsoever. They just didn't like the strength of my file .I then turned around and app'd for a Chase Freedom card and was approved for a CL of 4K. I was hurt as I have been banking with BOA since I was in college. I'm moving all (most) of my money accross the street to the recently opened Chase branch.

Re: Will Bank of America approve me?

Smug — Wed, 19 Oct 2011 01:47:10 GMT

I just apped for a BOA accelarated rewards Amex, was shocked they approved it for 2k, when I had 124k in CDs they refused a request for a secured card, LOL so this rocks!and I still have a few baddies...

Re: Will Bank of America approve me?

tennisfan78 — Wed, 19 Oct 2011 04:11:29 GMT

@Anonymous wrote:
BOA flat out denied me for one of their rewards VISA's. No derogatories, no deliquencies, no baddies whatsoever. They just didn't like the strength of my file .I then turned around and app'd for a Chase Freedom card and was approved for a CL of 4K. I was hurt as I have been banking with BOA since I was in college. I'm moving all (most) of my money accross the street to the recently opened Chase branch.

That surprises me. Do you happen to know your scores when you applied? And did you happen to call their back door number and ask them the reason why they didnt approve?