@quarius wrote:
@Swapmeet wrote:
@quarius wrote:
@jamesdwi wrote:I would not expect things to go well with BOA, you may of started the events that caused this but now they are doing more harm to you by shutting down your accounts is increasing your overall UTL as fast you can lower it. The program that is doing this isn't taking into account that it not, you caused your UTL to go up this time. Perhaps call EO and explain your problem and give them the reason you used so much of your one card that triggered it, perhaps they can restore a card or two or at least stop further balance chasing, if they won't, you may wish to move your bussiness to another bank.
I have since gotten more cli from my other cards, i have paid down all my store cards, my score has gone up about a 100 points in the past month or so and im still trying to figure out what these chumps are trying to do. I have banked with them for 10 years and had 3 cards, i have closed my bank account and im about to pay this card off and close it if this keeps up, I haven't done anything wrong with these guys to be going trough headaches.
All i have wanted to do was pay down my debt, get a few cli's and go from there but some losers have to play games with me cause im an easy target i guess.
What is it that makes you an easy target? And why do you think that BOA seeks out and picks on easy targets?
Well can u explain whats going on here? Cause thats the way im looking at it, I have always paid all my bills on time, never a late, and i have great credit, so they are the only bank to do this. Yes thats what I feel right now that i'm an easy target, come mess with the little guy who is only trying to better themselves. I mean I paid down almost all my other cards did any of them pull a stunt like BOA? NOPE!!!!
Neither banks (nor the Federal government but I digress) like feast / famine customers: you are viewed as higher risk to the lender than someone who doesn't deviate from their usual pattern.
Banks like being able to predict what their customers are going to do: fundamentally their entire business model is underpinned by that premise. When you have an extended period of time with balances, and then suddenly windfall pay them off, they're worried that the next time you float the balances you may not be able to pay it as windfalls are rarely guarunteed.
That's what they're looking at: you're too much of a risk for the credit lines they have extended you. It's not personal, they're not picking on you, but you're doing something most of their customers just don't. BOFA and a few other lenders are known to "balance chase," and in this case I'd do as another poster suggested and absolutely call them and ask them what's up to see if either lines can be reinstated or if they can stop it... in other words, make it personal. Humans do in some cases have the ability to override the automated systems, and it's worth the phone call at least to see if you can stop the damage on your reports though long term it won't matter at all from your description.
