So BofA closed my Visa yesterday CL was my lowest at $1,000 used only to pay a recuring charge of $20 a month. When I called them yesterday they told me the account was closed due to aggressive credit seeking and high credit available (both true). So now I am worried other creditor will see the the AA by BofA and do the same thing. My current Util is 12% available credit appox $140k. Credit score 698 EQ, 745 TU, 744 EX. Income $160k. Well its a wake up call. Banking with BofA for 15+years with checking, savings and investments. Going to go through some of my cards and decide which ones I want to keep 
@Guinness wrote:So BofA closed my Visa yesterday CL was my lowest at $1,000 used only to pay a recuring charge of $20 a month. When I called them yesterday they told me the account was closed due to aggressive credit seeking and high credit available (both true). So now I am worried other creditor will see the the AA by BofA and do the same thing. My current Util is 12% available credit appox $140k. Credit score 698 EQ, 745 TU, 744 EX. Income $160k. Well its a wake up call. Going to go through some of my cards and decide which ones I want to keep
Sorry to hear. Seems to be happening with a lot of different creditors
@Guinness wrote:So BofA closed my Visa yesterday CL was my lowest at $1,000 used only to pay a recuring charge of $20 a month. When I called them yesterday they told me the account was closed due to aggressive credit seeking and high credit available (both true). So now I am worried other creditor will see the the AA by BofA and do the same thing. My current Util is 12% available credit appox $140k. Credit score 698 EQ, 745 TU, 744 EX. Income $160k. Well its a wake up call. Going to go through some of my cards and decide which ones I want to keep
Sorry to hear that. It seems all the banks are doing this lately.
@Anonymous wrote:
@Guinness wrote:So BofA closed my Visa yesterday CL was my lowest at $1,000 used only to pay a recuring charge of $20 a month. When I called them yesterday they told me the account was closed due to aggressive credit seeking and high credit available (both true). So now I am worried other creditor will see the the AA by BofA and do the same thing. My current Util is 12% available credit appox $140k. Credit score 698 EQ, 745 TU, 744 EX. Income $160k. Well its a wake up call. Going to go through some of my cards and decide which ones I want to keep
Sorry to hear that. It seems all the banks are doing this lately.
Copycat 😄
@Irish80,
I think you beat me by a second... He..He..He
@Guinness wrote:So BofA closed my Visa yesterday CL was my lowest at $1,000 used only to pay a recuring charge of $20 a month. When I called them yesterday they told me the account was closed due to aggressive credit seeking and high credit available (both true). So now I am worried other creditor will see the the AA by BofA and do the same thing. My current Util is 12% available credit appox $140k. Credit score 698 EQ, 745 TU, 744 EX. Income $160k. Well its a wake up call. Banking with BofA for 15+years with checking, savings and investments. Going to go through some of my cards and decide which ones I want to keep
If you don't mind me asking, since you're making $160,000.00 why would you carry a balance of $17,000.00 on credit cards?
It just seems like such a weird move for them to close a card with $1000 CL. How much does that actually protect them, especially when you have $140k total CL? Doesn't seem like anyone would max out then default on $1k when they have so much available credit.
Anyhow, sorry for the bad luck OP. It appears everyone needs to tread lightly right now. I wonder if the lenders are adjusting their risk models or their portfolios.
