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Subject Author Date
Bank of America shouldn't mess with its customers credit report xcwork 10-07-2006
Posted by DP on October 12, 2006, 9:13 pm
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>
>>
>>I think it has improved some since then. You don't have to download a
>>form;
>>you just do it all online. Your report shows up online and you can print
>>it
>>out. Nothing needs to be mailed out and nothing is returned to you by
>>mail.
>
> I don't think this is necessarily an improvement, I'd just as soon send in
> a form and receive three hard copies of the reports through the mail. I
> guess the new way is easier on the credit agencies themselves though.

What's the advantage to that over just printing them out?

(BTW: I'm a Dennis, too.)



Posted by Bob Wang on October 10, 2006, 2:57 pm
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 Never mind.

I went back to look, and realized you were not the OP.

Bob

bobby_wang@hotmail.com says...

> If your bank did a "soft" pull, which is likely for existing customers,
> your
> FICO score was probably unaffected.

There's more to a score than the number of inquiries.

For someone who does not have many credit accounts open, a brand new
card can significantly reduce the average *length* of accounts as well.
(To give an oversimplified example: you previously had two accounts, one
open four years, one open five years. Average length of accounts, 54
months. Open a brand new card, average length of the three accounts
together is now only 36 months.)

--
josh@phred.org is Joshua Putnam
<http://www.phred.org/~josh/>
Braze your own bicycle frames. See
<http://www.phred.org/~josh/build/build.html>



Posted by Tony Sivori on October 10, 2006, 12:00 pm
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[follow up set to misc.consumers]
DP wrote:

>> On Mon, 09 Oct 2006 08:24:56 -0400, Shawn Hirn wrote:
>>
>> Maybe damage is a strong word, but the bank ran our credit, which drops
>> the FICO score by a few points.
>>
> A lowered FICO score makes it harder for you to get credit in the
> future. But apparently you don't want or need any at the moment, or else
> you wouldn't be complaining about the extra credit you just got. Right?
> Or am I missing something?

What if he wanted a different kind of credit, like a mortgage or car loan?

--
Tony Sivori


Posted by Bill on October 8, 2006, 2:34 am
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xcwork@gmail.com wrote:
>
> 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.
>
> xcwork@gmail.com

I can't believe you'd post here before calling BofA customer
service to see what's up.

BTW you didn't have an MBNA credit card account, did you? They
got bought out by BofA and they might be merging the systems.

Bill

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