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Posted by Bob Ward on October 10, 2006, 12:04 pm
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>
>> nospamxx@xyzddd.com says...
>>
>>
>>> In fact, I thought I was going right to the heart of the matter of the
>>> original post -- the fact that getting the extra credit, which you didn't
>>> want, might have an impact on your FICO.
>>> But FICO is relevant only if you're seeking credit, which you're not. So
>>> why
>>> do you care if your FICO was affected?
>>
>> Anyone who doesn't care what their credit score is doing when they
>> *don't* want credit deserves whatever credit score they have when they
>> *do* want credit.
>>
>> I'm not looking for any credit right now, but an unauthorized credit
>> card opened in my name today would still reduce my credit score six
>> months or a year from now if I decide to refinance my mortgage.
>>
>> Not to mention the potential to increase the cost of home and car
>> insurance, and increasing costs in other industries that use credit-
>> related scoring systems as a proxy for financial responsibility.
>>
>
>
>Excellent points. But as I recall the OP, the problem was not that an
>unauthorized card was opened in his name, but that his existing credit card
>was "upgraded."
>
>
>
You recall incorrectly. What the original post said was this:
:I logged on to my online Bank of America Account today and discovered I
:had a Power Rewards Visa Acct today. I didn't apply for one and didn't
:ask for one. It showed a credit limit of $7500. This tells me my credit
:report has a new entry in it showing I applied for such credit. This
:upsets me! BofA should mess around with its customer credit report. It
:shouldn't create unwanted accounts for its customers.
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