BOA becomes Unsecure and CLI--> 3k to 10k in two days

[Anonymous]

Now that's a good update! Congrats!!

[Anonymous]

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@Bpearl2010 wrote:

Great news! My payment posted for 2.4k this morning, so after my lunch time today I decided to call (BofA:  866-618-4585 (Sr Credit Analyst)) to hopefully see if they would increase my Credit line from 3k to 10k. And, they did!!!! (two days after my card became unsecured and CLI to 3k).

New Credit Line: 10k... Same TU Pull. No new Hard Pull. So, now I just spent 7.4k on the card, waiting for it to post and then I'll pay it in full again; once that payment post's I'll be calling (BofA:  866-618-4585 (Sr Credit Analyst)) again to see if they will increase my credit line to 20k.

So, excited!!! This my first highest credit line ever. To think 4 months ago my highest credit card line of credit was 800 dollars from credit one. (not including store cards).

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Wow, that is some great (and fancy) footwork.

You are on a winning streak and I will be following your progress (success).

GL

[Anonymous]

Greatt Stuff!

[9CLINE]

Congrats,,on unsecured and CLI...!!!!!!!!
Enjoy!!!!!!!

[Bpearl2010]

Thank you everyone!!!

[Anonymous]

CONGRATS! I am a little jealous however... I have had that BOA secured card now since 2009 and they havent unsecured it My TU is highest with 656 right now and was wondering what bureau they pull from to do an evaluation to unsecured. Do you have the number you called and you can actually ask they pull TU? Thank you!

[Anonymous]

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@Anonymous wrote:

CONGRATS! I am a little jealous however... I have had that BOA secured card now since 2009 and they havent unsecured it My TU is highest with 656 right now and was wondering what bureau they pull from to do an evaluation to unsecured. Do you have the number you called and you can actually ask they pull TU? Thank you!

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I have a lot of patience, but not that much!

I would suggest calling and ask to have it unsecured, and if denied, I would probably close it.

Do you use the card to roll money through it?  They would need to see activity to justify graduation.  Have you had an Ok record with them, and other CCCs since then?  You didnt mention CR scores or if you had baddies.

I have a long relationship with them since 1999 (they were Nations Bank back then) and I would like to stay.  I am grateful they gave me a second chance with a 99/500 secured card and I'll give it a good length of time to graduate, but not forever.

HTH

[Anonymous]

LOL I am pretty patient It was my first secured card and ive had some tough times with substance abuse years ago but somehow managed to hold on to that little card and always paid the minimum payment. I havent really been that educated on how to use and build credit until learning a little bit just recently. i have a few medical collections, a sprint and verizon collection, and a credit one and hsbc charge off almost 6 years ago ( they fall off this time next year ) I was using the card maxing it out and paying it off and only learned recently that its good to keep your % CL use to under 10% so ive been making sure the balance is under 80 bucs when they close my statement. My CL is 800 secured. I just got approved for a Barclay's Apple rewards card tonight with a 1500CL tho. I am thinking of dumping BofA but since its my oldest card I am not sure if I should close it or not :/ My TU score is 656, EQ 609, and Exp 591 which is why I got excited when I read that you asked them to pull your TU and they did becuase on my TU I have one collection for sprint and not those medical ones .

[Anonymous]

scruffyM - if you close an account that is in good standing, it will still remain on your reports for 10 years so it wont kill your AAoA until after then.

However, the Fico scoring looks for 3 revolving accounts (CC accounts will do) to get the max benefit from the base scores.  It is best to have 2 CCs report 0 and 1 CC to report at 9% or less, but not all 3 at zero.  You do need to show usage on the accounts so the CCCs notice you are using them.  It is Ok to go up to 30% UTI, but above that will cost more points from your scores.  You have to keep it as a max of 30% on each CC as well as a 30% total across all of them.  Example: 3 CCs with 500 CL each for total CL of 1500.  If one was at 425 and the others at 0, you would be under the total UTI, but that one card would be at over 80%, so points would be lost.

Many people here run their cards up to close to the max and then pay it off a few days after it posts online, and they repeat it 2 or more times within the month.  This will show the CCC you are using it responsibly and need a higher CL.  That is difficult for me to do with 3 or more cards, but try to just impress one at a time for several months in a row, then switch off.

You also need to eliminate as many baddies as you can and make payments on time, with as much time as possible between lates.

HTH

[Anonymous]

Thank you for that info! Well bye bye BofA ! Im going to wait until their balance updates with TU my UTI % across all of my accounts are 4%. I have a Discover secured 200 limit, Cap 1 secured with 200 limit which I applied for a student card since im a student and they approved me with a 500 CL and I closed the secured card since it was a 29 dollar a year fee to have. Do you know if having low limit cards are bad for your report? If so I am thinking of closing the low ones and try to get higher limit CC's...