Well that makes sense. And this is not intended as a trot, but I honestly have never been denied a CC, and this is the first time I've had a letter worded with "adverse action" in response to a CLI approval. Other CLI approval letters I've ever received from other lenders weren't as oddly worded. All is good......just found it to be peculiar.
On Deck: No Plans Currently
There was an adverse action taken by BoA, as explained in the first sentence of the first clip. The adverse action was that the CLI granted was less than the CLI you requested. The boilerplate explanation that TU didn't initiate the adverse action, is normal. There is nothing to be surprised or concerned about here.
@Taurus22 wrote:So after receiving the BoA CLI this past week, I received a letter with some interesting verbage. This was my first CLI with BoA, so also my first letter like this from them. It was interesting that although BoA pulled EX for me when I applied for the card, they SP'ed TU for the CLI request, and that my TU score was actually higher than I see reported.
The weird part, is in the 3rd image "FCRA notice" .....it's worded as if there may have been reason for TU to take adverse action, but did not do so. Is this just standard "cut and paste" verbage included with all CLI notices, whether approved or not?.......or what?
@Taurus22 wrote:@cashorcharge I do have visibility of the TU score BoA provides on my portal, and it shows 815....as it does with my other lenders as well. Interesting that they pulled at 822. I'll take it.
And the AA comment is still just strangely worded. The CLI was obviously approved either way, no complaints at all. Requested $15k (shot in the dark) so it wasn't too far off. Just thought it would be interesting to show the weirdness of the verbage.
As mentioned, AA is because you did not get what you requested for. The 815 you see might be from the monthly pull which might be old. 822 is from the date you requested CLI. Chances are, your score went up.
@Anonymous I posted this in the approvals section, but for your benefit...
BoA CR (Customized Cash)
Opened in 2018..... SL $6000
CLI requested $15k, $11,600 received
Currently 0/6, 0/12, 1/24 (May '20)
TU for CLI = 0 INQ's
Scores are updated in siggy
Spend has been light, category set for online shopping (avg $100-200 /mth), but I currently have a $1200 BT balance (UTI 20% of $6k) so no other spend on it until BT is paid off
Overall UTI% = 6% (CLI approval dropped it to 5%)
@Taurus22 wrote:So after receiving the BoA CLI this past week, I received a letter with some interesting verbage. This was my first CLI with BoA, so also my first letter like this from them. It was interesting that although BoA pulled EX for me when I applied for the card, they SP'ed TU for the CLI request, and that my TU score was actually higher than I see reported.
The weird part, is in the 3rd image "FCRA notice" .....it's worded as if there may have been reason for TU to take adverse action, but did not do so. Is this just standard "cut and paste" verbage included with all CLI notices, whether approved or not?.......or what?
So I was wondering how much of a increase did you request I was wondering if I should also do my intial CLI I have had the my Alaska Airline BoA since 9/1 and already have the love button showing. I just want to make sure it is in fact still a (SP)soft pull and not a (HP)Hard Pull. I've attached the verbiage I have on my account did yours look similar? I often hear to pay attention to the verbiage. Hopefully it's still a SP.
@eddygee wrote:So I was wondering how much of a increase did you request I was wondering if I should also do my intial CLI I have had the my Alaska Airline BoA since 9/1 and already have the love button showing. I just want to make sure it is in fact still a (SP)soft pull and not a (HP)Hard Pull. I've attached the verbiage I have on my account did yours look similar? I often hear to pay attention to the verbiage. Hopefully it's still a SP.
Any customer-initiated CLI requests are SP. The language is there as part of regulatory compliance since BoA used to HP for any CLIs. I would aim for the moon and hope for the best. So, regardless if approved or declined, it'll still be SP @eddygee.
@FinStar wrote:
@eddygee wrote:So I was wondering how much of a increase did you request I was wondering if I should also do my intial CLI I have had the my Alaska Airline BoA since 9/1 and already have the love button showing. I just want to make sure it is in fact still a (SP)soft pull and not a (HP)Hard Pull. I've attached the verbiage I have on my account did yours look similar? I often hear to pay attention to the verbiage. Hopefully it's still a SP.
Any customer-initiated CLI requests are SP. The language is there as part of regulatory compliance since BoA used to HP for any CLIs. I would aim for the moon and hope for the best. So, regardless if approved or declined, it'll still be SP @eddygee.
Thanks for the info! I was shocked the luv button was there already its been there for the past week or so before I even hit the 60 day mark. I'll probable ask for 15k CLI. I wonder what their max limit is to income or before the request the tax form for proof of income?
@eddygee wrote:
@FinStar wrote:
@eddygee wrote:So I was wondering how much of a increase did you request I was wondering if I should also do my intial CLI I have had the my Alaska Airline BoA since 9/1 and already have the love button showing. I just want to make sure it is in fact still a (SP)soft pull and not a (HP)Hard Pull. I've attached the verbiage I have on my account did yours look similar? I often hear to pay attention to the verbiage. Hopefully it's still a SP.
Any customer-initiated CLI requests are SP. The language is there as part of regulatory compliance since BoA used to HP for any CLIs. I would aim for the moon and hope for the best. So, regardless if approved or declined, it'll still be SP @eddygee.
Thanks for the info! I was shocked the luv button was there already its been there for the past week or so before I even hit the 60 day mark. I'll probable ask for 15k CLI. I wonder what their max limit is to income or before the request the tax form for proof of income?
Request whatever is a comfortable limit for your needs. BoA will counter, if anything. They will inform you if the limit you request is unable to be processed or approved based on your reported income and/or other factors. So, while there may be some general DPs floating around about a potential CL to income ratio, it's all profile-dependent.
@FinStar wrote:
@eddygee wrote:
@FinStar wrote:
@eddygee wrote:So I was wondering how much of a increase did you request I was wondering if I should also do my intial CLI I have had the my Alaska Airline BoA since 9/1 and already have the love button showing. I just want to make sure it is in fact still a (SP)soft pull and not a (HP)Hard Pull. I've attached the verbiage I have on my account did yours look similar? I often hear to pay attention to the verbiage. Hopefully it's still a SP.
Any customer-initiated CLI requests are SP. The language is there as part of regulatory compliance since BoA used to HP for any CLIs. I would aim for the moon and hope for the best. So, regardless if approved or declined, it'll still be SP @eddygee.
Thanks for the info! I was shocked the luv button was there already its been there for the past week or so before I even hit the 60 day mark. I'll probable ask for 15k CLI. I wonder what their max limit is to income or before the request the tax form for proof of income?
Request whatever is a comfortable limit for your needs. BoA will counter, if anything. They will inform you if the limit you request is unable to be processed or approved based on your reported income and/or other factors. So, while there may be some general DPs floating around about a potential CL to income ratio, it's all profile-dependent.
You're a big help one last thing I asked in my prior message does BoA request a 4506T form or anything after a certain limit?