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APPROVED for BOA Secured Card...

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FinanceGuy007
New Contributor

APPROVED for BOA Secured Card...

After reading this forum thoroughly and seeing the number of people saying that the were declined for the BOA secured card, I was skepitical about applying.  I instead chose Public Savings Bank who I have had for a year now paying on time and never late.  After PSB was closed by the FDIC, I decided to try my luck with BOA  and was approved!!!

 

A year ago my FICO score was 418, I'm at 541 now, still trying to climb this credit score ladder, but I know it takes time..... ;-)


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
Message 1 of 10
9 REPLIES 9
mxp114
Valued Contributor

Re: APPROVED for BOA Secured Card...

Congrats on the approval, great card.

Message 2 of 10
xlr8d
Frequent Contributor

Re: APPROVED for BOA Secured Card...

yeah congrats, should graduate to be a great card one day


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


Take the FICO Fitness Challenge
Message 3 of 10
-Cain-
Valued Contributor

Re: APPROVED for BOA Secured Card...

Congrats on the approval! Great work on getting your scores up over the last year as well.
Message 4 of 10
ontop
Regular Contributor

Re: APPROVED for BOA Secured Card...

Congratulation!

 

Make sure, if you can afford it, deposit as much as possible into it because that will be a 99.99% your future CL + some extra on your graduation day.

 

 

Starting Score: 547
Current FICO Score: TU 747, EQ 732, EX 742 [10/2014]
Goal FICO Score: 777
Message 5 of 10
xlr8d
Frequent Contributor

Re: APPROVED for BOA Secured Card...

BTW, my score was a bit higher than that awhile back and I got declined twice.  Do you have any baddies? 

 

Also, BOA will graduate the card at 9 mos if I remember right


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


Take the FICO Fitness Challenge
Message 6 of 10
FinanceGuy007
New Contributor

Re: APPROVED for BOA Secured Card...

@ontop That was my plan.  As soon as I figure out how to add to the CL I was thinking of adding $100 - $200 a month. More if I can!! LOL


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
Message 7 of 10
-Cain-
Valued Contributor

Re: APPROVED for BOA Secured Card...

I wouldn't do it that way, each deposit to increase CL results in a hard inquiry. It's best to save and add a larger amount at once.
Message 8 of 10
FinanceGuy007
New Contributor

Re: APPROVED for BOA Secured Card...

@xlr8d I do have baddies.  8 baddies with more than half with zero balances showing. 1 Judgment due to fall off in 2013 and around 15-16 inquires (car shopping).  I honestly dont think they pulled a credit report because my FILES are LOCKED.  I will be sure to let you all know. I'm about to check in a few.

 

UPDATE:  No HARD PULLS or SOFT as of 10/07/11 Will continue to check, but it should be showing by now if I was APPROVED already... *shrugs*


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
Message 9 of 10
FinanceGuy007
New Contributor

Re: APPROVED for BOA Secured Card...

@-Cain- Thanks for the heads up.... Let me slow these horses down of mine. 0_o lol


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
Message 10 of 10
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