BankAmericard application under review with BOA

[Anonymous]

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@Anonymous wrote:

It's the exact same way with US Bank. Everything with them is manually reviewed. Even CLI's. I've had their Plat card with a $300 limit for five years and bank with them too. I asked in the branch one day why I dont get CLI's and they said I need to request one and handed me a very long form to fill out to request it.

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https://www2.usbank.com/cgi_w2/cfm/credit/usb_cards/manage/usb_card_chg_main.cfm?Page=Limit

[Superduper2014]

UPDATE:

Application denied.

"Unfortunately, we're unable to approve your credit card application at this time.

A letter has been mailed explaining the reasons for our decision which entitles you to a free copy of your credit report.

As a result of our decision, any balance transfer requests included with your credit application will not be processed."

She was not able to call them yesterday, but today I checked the status online and found out it was denied. 

Is there any chance to change this outcome by calling them and if so, is there a recon number for BOA?

Her fico scores are 720, no lates, nothing wrong with her reports. 

Thanks  

[Anonymous]

Depends on the reasons you get on the letter but, you can always call before it arrives.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

BofA: 800-354-0401 (Recon) - app100

BofA:  866-618-4585 (Sr Credit Analyst) ~corymcdd88 -- I would use this one personally, less run around since they can make decisions on the spot 

[CreditInspired]

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@Superduper2014 wrote:

UPDATE:

Application denied.

"Unfortunately, we're unable to approve your credit card application at this time.

A letter has been mailed explaining the reasons for our decision which entitles you to a free copy of your credit report.

As a result of our decision, any balance transfer requests included with your credit application will not be processed."

She was not able to call them yesterday, but today I checked the status online and found out it was denied. 

Is there any chance to change this outcome by calling them and if so, is there a recon number for BOA?

Her fico scores are 720, no lates, nothing wrong with her reports. 

Thanks  

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Can you provide more DPs:

AAOA

AoYA

UT (aggregate and individually)

# of inquiries in last 6 months, 12 months

Income

3 FICO scores

[Superduper2014]

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@Anonymous wrote:

Depends on the reasons you get on the letter but, you can always call before it arrives.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

BofA: 800-354-0401 (Recon) - app100

BofA:  866-618-4585 (Sr Credit Analyst) ~corymcdd88 -- I would use this one personally, less run around since they can make decisions on the spot 

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Alright thanks for the number. 
We called the Sr Credit Analyst one and got to talk to someone we could "barely" understand. 

They told us she was denied because she had a collection with them for a credit card back in 2008. 

We asked if they could reconsider since it has been more than 10 yrs and she has no collections, no hard inquiries in past 2 years, ficos above 720 on all three, good salary etc... 

She said ok let me do the reconsideration and asked basic application questions again and had us wait for a few minutes. 

Came back and said still no because of 2008 collection. Sounds pretty petty of them since that was so long ago and there is nothing on her current file needs to fall off or anything derogatory. 

Not sure if they even pulled another credit report? It was a chore just to make up what the lady was saying so not sure if we should even call back and try another person at this point... bummer.  thoughts?

[Anonymous]

2008 or 1908 it's still a collection.  They want their money... even beyond SOL they can still deny based on their records.  Things can come back to haunt ya if you don't pay them off.  

Scores are something, but they're not eveyrthing.  Especially when you burned a bank back in the day.  There are people that have burned banks 20+ years ago and still can't get approved until they fix it.

Did you know about her collection prior to the denial? 

[Anonymous]

They took a loss, it's hardly petty. Some banks are forgiving, others have very long memories. 

[FinStar]

Sorry to hear about the outcome on DW's application OP. Unfortunately, calling back will get the same results as notes are usually documented during the reconsideration process.

[Superduper2014]

If she would have settled for less than what she owed or it would have been sold to a collection agency then, I would have never suggested she applied. It never went to a collection agency, it was never sold to a collector and they didn't take a loss becuase she paid them in full.

At that time we were too ignorant, young and scared during the financial crisis to know you could settle for less than owed. 

Because of that I didn't think it would be an issue with them having been over 10 years and the fact they didn't take a loss, plus having such a clean credit report with nothing bad on it to fall, high scores, good salary, etc ..

Oh well, this is a good data point after all. 

Now on to plan C and calling it a day on her side.

Will do a bal transfer with Cap one at 2% transfer fee for 12 months. That will give her time to bring the bal down. 

[kdm31091]

As with many banks, recon with BOA is becoming relatively hard. Typically they will just run your application through the system again and without any changes in your credit (i.e. an error being made on the original app), the decision is unlikely to change. They entertain recon requests, but it's not that common to see a denial overturned especially more recently. Repeated calls are highly unlikely to change anything.