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theshoediva

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  1. Oh darn roots. You're right. Have any suggestions?
  2. Thanks, Kip for the quick response! I was thinking of going the Discover route. I use to have their card before I closed it. I'll have to research the others. Thank you again!!!
  3. Hello! I'm looking to get a balance transfer for a $7K credit card that is currently at a 11% rate that is at 0% for a few months to give me time to pay it off. Any ideas? Thanks!!!
  4. So why do you carry a balance with a 6 figure income? The risk model is people saying the have large incomes so they can get large CL then running them up and paying down slow... The balance did get paid off. Why is carrying a balance a sin? Or something worthy of reprimand, regardless of my salary? High balances with a high income can indicate problems unless its a BT deal at a special rate. High balances and low income equals a high CO rate and they want to avoid it. The macy's late probably pushed your BK risk score up and BOA wanted to avoid being left with a large balance if the prediction came true... so they CLD. Toopooor, I get it. I'm not even mad at the decision, just at how it all went down. It really happened for a reason and I'm fortunate that it did. I'm good. BTW, a factor could be the new consolidation loan and the closed accounts. A bunch of newly closed accounts seems to send up a red flag, even if they were closed by the consumer. I don't think it was a coincidence that my amex AA came not long after closing 3 cards. It wouldn't surprsie me if they had a trigger for closures. Actually, while the consolidation loan is reporting already, the accounts still show "open"... that very well may be a logical reason. But when I spoke to dude he said that based upon their "old" rules he could get me for that, but what his decision was based on was the old SL lates. That would have made more sense to me. Like I said, I think they don't need too much to cut you considering the financial state they're in.
  5. So why do you carry a balance with a 6 figure income? The risk model is people saying the have large incomes so they can get large CL then running them up and paying down slow... The balance did get paid off. Why is carrying a balance a sin? Or something worthy of reprimand, regardless of my salary? High balances with a high income can indicate problems unless its a BT deal at a special rate. High balances and low income equals a high CO rate and they want to avoid it. The macy's late probably pushed your BK risk score up and BOA wanted to avoid being left with a large balance if the prediction came true... so they CLD. Toopooor, I get it. I'm not even mad at the decision, just at how it all went down. It really happened for a reason and I'm fortunate that it did. I'm good.
  6. "Spend-centric model? Centex, please explain. I'm still a 'newbie." From one presentation: and from SEC quarterly filings: In short, they like spending and LOTS of it, CONSISTENTLY. They are NOT interested in the person who might spend $30K this month and then spend next to nothing next month and the month afterwards. AHA! I had a lightbulb moment, guys!!! Thank you for taking the time to make it simple. Hell, I see why AMEX cut me off at the knees... my erratic spending even though it was PIF'd coupled with my credit card spree last year after I got my scores up in THIS economy got me what I got. Other CB members would like for me to feel ashamed for wanting another AMEX card after what happened. Can't help it, but I do!
  7. amex did that me - a late that was nearly 5 yrs old caused them to CLD my acct. I personally think it was an excuse under the guise of the Macy late. Once that was no longer an issue, then the 2-3 year SL lates was the focal point. I just think they're using anything and everything to reduce their risk, which from a business standpoint is understandable. My issue was how it was handled. Dude was full of attitude that yelled "I'm powerful, becaue I can tell you HELL NO"... this ish is funny now.
  8. So why do you carry a balance with a 6 figure income? The risk model is people saying the have large incomes so they can get large CL then running them up and paying down slow... The balance did get paid off. Why is carrying a balance a sin? Or something worthy of reprimand, regardless of my salary?
  9. I don't care if you understand or not, so the whole world can go to snips! I'm concerned about my credit profile. "Normal" rules... ? CLI? No. CL reinstated to where it was prior to this all happening? Yes. My credit profile, income, and payment history with BOA warrants more than the pennies they wanted to give me. I don't expect anything now. I closed the account. They (and YOU) can fly off.
  10. Lets not be silly. Of course I didn't speak to the analyst like I was entitled to anything. I spoke like... "I'm following up with another analyst's request. I have the information, now. Is there anything else I can do?"... that's HUMBLE. And yes, I had an expectation that my CL would be restored, based upon the conversation I had with the prior analyst.
  11. I didn't have this problem with them before. The cards I had with them came AFTER the student loan lates. I have a 700 credit score and a six figure salary. Ridiculous. I think they're risk model changed recently.
  12. So, Macy's didn't get a payment from me for 2 months and reported me to the CRA's. Equifax sends me a lil note saying my score has dropped 120+ pts. WHOA! I call Macy's. Forgot I had a balance with them. I typically shop in their stores, use the card, and pay it off at the register. Well, apparently I didn't do that the last time I used the card. Since I opened the account online, I was automatically registered to receive my statements via email to an account that is no longer active. Blah, blah, blah... So, I call Macy's explain this and they agree to remove the blow on my reports. Cool. Well, in the meantime BOA who I have (had) a card with does a AR and chops my CL down a few dollars above my balance. Ouch. No call. No letter. Nothing! I call BOA explaining everything. The Senior Credit Analyst told me when I got the letter from Macy's that I should fax it in and call back. Well, a week later I do just that. Dude I speak with who tells me his name is Danny makes up his mind prior to looking at my credit report, telling me that my 2 year old lates on my SL (which I had prior to them giving me the card!) would disqualify me for my CL reinstatement. J-E-R-K! I ask to speak to a supervisor... "I'm a Senior Credit Analyst... I'm it". J-E-R-K! So, I called back moments later and got Mr. Jerk again. I asked in my calmest voice for his justifications to capture in a letter I'll be sending BOA. I ask that he closes the account. He starts explaining that the market we're in today isn't the market we were in yesterday. No crap, sherlock! I go into my speech about how the banks are bailing out on Americans who have good credit, good payment history. I've never been late on any of their accounts, not even by a day! He starts nitpicking... why do you pay such small payments on your accounts when you make such a healthy salary. "Dude. I pay double sometimes triple the minimum due... I never pay the minimum due". After sparring with him I said "It seems you're just looking for anything to disqualify me, so I'm going to save my breathe". I also told him "When the dust settles, don't you think consumers like me aren't going to forget all of this." SMH. I'm so frustrated. My wallet is now down to strictly credit unions w/ the exception of Chase and I think I'm going to close them, too because they reduced my CL.
  13. "Spend-centric model? Centex, please explain. I'm still a 'newbie."

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