My lease is coming due and I’ve decided to buyout the lease for various reasons. I bank with BoA and saw a nice rate for a lease buyout loan thus applied and was instantly DENIED. They cited denial due to derogs from 2012 (lates) yet with a 747 FICO. I was astonished and even questioned my creditworthiness.
The next day I went to a local CU and was gladly approved for the buyout loan with 3% APR. Moral of the story, don’t waste your time with BoA if your reports arent spotless.
Amex Bonvoy Brilliant $9k, Expedia OneKey $30k, Fidelity $23.5k, FNBO $15k, Universal Studios Visa $15k, FourLeaf FCU $35k, US Bank Cash+ 15k, Affinity FCU $10k, Sofi $15k, Venmo Visa $15k, AAA $11.9k, Apple $8.5k, Citi Custom Cash $21k, Citi Custom Cash #2$16k, Chase Amazon $3k, Chase Flex $13.6k, Chase IHG $1k, AMEX Hilton Aspire $28k, Chase Freedom $41.5k, NFCU Plat $50k, NFCU Flagship $30k, Discover IT $36.5k, Discover Miles $20k, BECU Visa $40k, Wells Fargo Active $11.3k, PenFed Promise $15k, PenFed Gold $20k, BoA AmeriCard $14k, BoA Cash $14k, Citi TY $8k
