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@CreditGuy03 wrote:
@myjourney wrote:Creditors that will CLD you at the drop of a hat?
None you did something or something changed in your patterns or on CR's
Which then lead to AA
IMHO
Read my BOA post.
You keep saying that BOA was unreasonable to close your wife's account because she called asking about a hardship program. Maybe but have you considered that they may have information that there is a very high percentage of people that call asking about hardship programs that subsequently default on those accounts? People don't randomly call credit card companies just to find out about their hardship programs. Something must have been a concern that led your wife to make the call and bring attention to her account. I don't think this alone proves BoA was out of line at all.
Listen, I completely understand where CreditGuy is coming from here -- BofA is bit ridiculous. After reecently undergoing AA / closure from them, I can say their practices can seem arbitrary and abrupt, and their Risk UW are quick to pull a trigger on you if they come across your account. A co worker of mine was shut down days after me, when he called in and asked about a APR reduction and was transferred to a UW, who put him on hold and came back and said "not only can I not approve any kind of APR Reduction, but due to 3 new high trade line accounts in 3 months, we are exercising our right to close your line effective immediately" ... his score was 730, with low overall UTIL and MEGA HIGH INCOME !!! They seem to HATE New accounts and available credit, as they see it as potential debt. Do I fully disagree with them? No.
... HOWEVER ... Corporate America (huge comapnies like BofA, Citi, Chase) banks take such advantage of the daily consumer, most of us have no idea how badly we are screwed by them in terms of FEES on our accounts, interest hikes, etc. Many conusmers (im sure NONE here though, lol) never even look at their bills, monthly statements etc, and these banks get away with scamming consumers out of millions of $$ per year in fees, etc. In 2015 alone, I had about $300 in fees reversed -- simpyl by calling and pointing out "odd fees that did not belong". Thats $300 for ONE CONSUMER. So, it will be a cold day in he** before I ever feel bad for banks like BofA getting burned by consumers -- it makes up for how they often burn us as far as im concerned (NOT That i Advocate burning banks, defaulting etc). I'm sure many will disagree, but some will see my point -- Id feel much worse "burning" or risking AA by "risky behavior" for a local small town CU (or even a bigger CU) than a national, blood sucking bank. *RANT END !
I feel ya, CreditGuy. And to OP -- any lender can take AA, but in my experience the worst offenders are:
1) BARCLAY (Never happened to me, though - had Apple Visa for 2 years, I closed it)
2) BofA (Enough said)
3) COMENITY
4) CHASE
5) DISCOVER
6) AMEX, more rarely
@Anonymous wrote:
@CreditGuy03 wrote:
@myjourney wrote:Creditors that will CLD you at the drop of a hat?
None you did something or something changed in your patterns or on CR's
Which then lead to AA
IMHO
Read my BOA post.
You keep saying that BOA was unreasonable to close your wife's account because she called asking about a hardship program. Maybe but have you considered that they may have information that there is a very high percentage of people that call asking about hardship programs that subsequently default on those accounts? People don't randomly call credit card companies just to find out about their hardship programs. Something must have been a concern that led your wife to make the call and bring attention to her account. I don't think this alone proves BoA was out of line at all.
There you have it BofA got spooked due to the call
While I applaud people for making the call which is what should be done in these cases instead of ignoring the problem
The fact is the bank can't be faulted for reducing further risk while allowing the borrower a program to payoff the debt and in most cases reduce the APR on that debt
And as we know all calls and contacts are recorded and notes taken
So while I can understand a person in debt making the call I can't quite wrap my head around why someone without debt would randomly call on a matter that's not a joke when it's your money on the line?
This would be like someone calling the police saying I'm just curious as to what the process is on a bomb threat?
Just wait 5 minutes and look out the window and you'll know the results and process
Thanks Irish for the cliff notes
Again None you did something or something changed in your patterns or on CR's
Whether or not one lender may have different risk critera than another is immaterial. At the end of the day, no bank takes adverse action against a customer for anything other than behavior which they deem a risk that they are unwilling to accept.
@Involver wrote:Whether or not one lender may have different risk critera than another is immaterial. At the end of the day, no bank takes adverse action against a customer for anything other than behavior which they deem a risk that they are unwilling to accept.
My point. Some lenders risk levels is set lower than others. They are all not created equal. The exact same behaviour does not trigger reaction from every lender.
@baller4life wrote:
@Involver wrote:Whether or not one lender may have different risk critera than another is immaterial. At the end of the day, no bank takes adverse action against a customer for anything other than behavior which they deem a risk that they are unwilling to accept.
My point. Some lenders risk levels is set lower than others. They are all not created equal. The exact same behaviour does not trigger reaction from every lender.
+100