does this mean bofa is giving me another chance?

[FinStar]

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@johnpalley wrote:

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@injustifiiable wrote:

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@johnpalley wrote:

i have an old unpaid charge off from a bofa credit card from 7-8 years ago it was like $3-4000. all of the sudden they sent be a letter saying im preselected to apply for a card. does this mean they'l allow me to get a card now without paying the old debt? 

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As someone who burned BoA back in 2003, they just recently let me back in with a Targeted offer.

Do you have a letter? Check the back...there's language there that says if you still meet the requirements they PROMISE to give you a MINIMUM credit line (be it $500 or whatever). Assuming they sent the letter a couple weeks after they softed you and you got the letter a week or so after that, your report probably hasn't changed that much.

I wouldn't trust the "pre-selector" online. No offers EVER came up there for me.

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its a pre selected letter you know how those go. its in my car il get it later today and take a look at it. thats a good sign they let you back in though thanks for the info

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See, there's hope OP!  There's been several anecdotal experiences from other folks that have had success getting back with BOA.

[johnpalley]

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@FinStar wrote:

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@johnpalley wrote:

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@injustifiiable wrote:

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@johnpalley wrote:

i have an old unpaid charge off from a bofa credit card from 7-8 years ago it was like $3-4000. all of the sudden they sent be a letter saying im preselected to apply for a card. does this mean they'l allow me to get a card now without paying the old debt? 

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As someone who burned BoA back in 2003, they just recently let me back in with a Targeted offer.

Do you have a letter? Check the back...there's language there that says if you still meet the requirements they PROMISE to give you a MINIMUM credit line (be it $500 or whatever). Assuming they sent the letter a couple weeks after they softed you and you got the letter a week or so after that, your report probably hasn't changed that much.

I wouldn't trust the "pre-selector" online. No offers EVER came up there for me.

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its a pre selected letter you know how those go. its in my car il get it later today and take a look at it. thats a good sign they let you back in though thanks for the info

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See, there's hope OP!  There's been several anecdotal experiences from other folks that have had success getting back with BOA.

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yes sir!

[injustifiiable]

If you can backdoor into your EX report, I'd check for the soft first. If you've been denied for credit recently, you can use that as your crutch and get a report number.

I was shocked to receive a pre-selected offer too...considering my EX has a few baddies (a couple of public records, 2 fairly old C/O's and a paid collection). I was also shocked at the CL they gave me (the CL i burned them on was $500...my new line is $2,500). I've also been a deposit customer of theirs for a few years, so that may have factored in too. I'm not really sure.

You should be in good shape if your letter has the standard opt-out language as well as that other langauge I mentioned before.

[johnpalley]

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@injustifiiable wrote:

If you can backdoor into your EX report, I'd check for the soft first. If you've been denied for credit recently, you can use that as your crutch and get a report number.

I was shocked to receive a pre-selected offer too...considering my EX has a few baddies (a couple of public records, 2 fairly old C/O's and a paid collection). I was also shocked at the CL they gave me (the CL i burned them on was $500...my new line is $2,500). I've also been a deposit customer of theirs for a few years, so that may have factored in too. I'm not really sure.

You should be in good shape if your letter has the standard opt-out language as well as that other langauge I mentioned before.

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got it il just wait for a pre approval letter though. thats a good point about the bank account. ive had an account with them for a few years now and i make a ton of transactions through it every month. all my bills get auto paid from that account plus every internet purchase i make uses that account. i buy alot of stuff online constantly

[injustifiiable]

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@johnpalley wrote:

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@injustifiiable wrote:

If you can backdoor into your EX report, I'd check for the soft first. If you've been denied for credit recently, you can use that as your crutch and get a report number.

I was shocked to receive a pre-selected offer too...considering my EX has a few baddies (a couple of public records, 2 fairly old C/O's and a paid collection). I was also shocked at the CL they gave me (the CL i burned them on was $500...my new line is $2,500). I've also been a deposit customer of theirs for a few years, so that may have factored in too. I'm not really sure.

You should be in good shape if your letter has the standard opt-out language as well as that other langauge I mentioned before.

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got it il just wait for a pre approval letter though. thats a good point about the bank account. ive had an account with them for a few years now and i make a ton of transactions through it every month. all my bills get auto paid from that account plus every internet purchase i make uses that account. i buy alot of stuff online constantly

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Did you get to check your letter though? If you have "pre-selected" and that opt-out language, you should be good to go...

[johnpalley]

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@injustifiiable wrote:

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@johnpalley wrote:

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@injustifiiable wrote:

If you can backdoor into your EX report, I'd check for the soft first. If you've been denied for credit recently, you can use that as your crutch and get a report number.

I was shocked to receive a pre-selected offer too...considering my EX has a few baddies (a couple of public records, 2 fairly old C/O's and a paid collection). I was also shocked at the CL they gave me (the CL i burned them on was $500...my new line is $2,500). I've also been a deposit customer of theirs for a few years, so that may have factored in too. I'm not really sure.

You should be in good shape if your letter has the standard opt-out language as well as that other langauge I mentioned before.

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got it il just wait for a pre approval letter though. thats a good point about the bank account. ive had an account with them for a few years now and i make a ton of transactions through it every month. all my bills get auto paid from that account plus every internet purchase i make uses that account. i buy alot of stuff online constantly

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Did you get to check your letter though? If you have "pre-selected" and that opt-out language, you should be good to go...

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it says.. "qualifying criteria- adequate income level and credit worthyness. no late or overlimit accounts.. no other applications for credit cards from FIA card services, N.A. received within the past 90 days".

"credit line- no less than $500"

is this what you mean? it also said they promise to give me a card if i meet the criteria.

[injustifiiable]

I just checked my letter...mine said the same.

Which offer did you get? Did they offer 0% interest till 2015 or something like that?

[johnpalley]

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@injustifiiable wrote:

I just checked my letter...mine said the same.

Which offer did you get? Did they offer 0% interest till 2015 or something like that?

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its a cash rewards visa. 0% apr for 15 billing cycles plus balance transfers done the first 60 days... 16.99% interest afterwards

[efranklin23]

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@FinStar wrote:

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@johnpalley wrote:

i know nothing is guarenteed but im tryin to get an idea on whats goin on do you think im off bofa's crap list? im guessing if i get a pre approval than chanced are i can most likely get a card again would you guys agree? im just tryin to get an idea on whats goin on in my situation. just lookin for opinions from you guys i know nothin in life is guarenteed 

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There are instances in which BOA can give some individuals a second chance, and there other times when this is not the case regardless if you received a pre-approval/pre-selected offer or decided to do a "cold app".  Pre-approval (and any associated forms of pre-screened offers) are typicallym sent by their marketing group which in some instances can either miss the mark with cross-referencing the information that would probably be still available in their databases as far as the CO or if your account was IIB.

The only way you're going to know whether you're still on their balcklist or not is whether you decide to accept the offer and apply, which would mean you're still going to be HP'd.  No person on these forums can predict your chances.

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+1 Very True. Bank of America sent me offers for many years although I was on their list (unpaid card from 08'). I received offers in the mail for BofA Approval Letters and went to apply in the bank and was denied on the spot. I called BofA years later (2/2012) and offered to pay the amount owed on their credit card for PFD (lucky me) and I managed to open up a secured account that led to my current Travel Rewards a couple years later. Like they say, YMMV but don't assume it's an approval.

[injustifiiable]

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@johnpalley wrote:

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@injustifiiable wrote:

I just checked my letter...mine said the same.

Which offer did you get? Did they offer 0% interest till 2015 or something like that?

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its a cash rewards visa. 0% apr for 15 billing cycles plus balance transfers done the first 60 days... 16.99% interest afterwards

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They gave me pretty much the same offer...with 14.99% afterwards. I say if you don't mind a pull, take a chance. It could go either very well or very badly, lol.