Comments on: Raising Your FICO Score With Secured Credit Cards http://www.askmrcreditcard.com/creditcardblog/raising-your-fico-score-with-secured-credit-cards/ Latest Credit Card News, Reviews and Information Thu, 09 Feb 2012 07:48:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: James peterson http://www.askmrcreditcard.com/creditcardblog/raising-your-fico-score-with-secured-credit-cards/comment-page-1/#comment-204398 James peterson Sun, 24 Apr 2011 18:45:30 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5392#comment-204398 I have a secured credit card with bank of America for 10 grande, never late paid bill off everymonth! After 4 yrs compas bank gives me a credit line of 15 grand! American express 9 grand! I just got off the phone with boa and they rule my request to change my card to a unsecured card.... With a credit line of 8 grand! Not 10! Agin I have perfect credit! What gives?????? I have a secured credit card with bank of America for 10 grande, never late paid bill off everymonth! After 4 yrs compas bank gives me a credit line of 15 grand! American express 9 grand! I just got off the phone with boa and they rule my request to change my card to a unsecured card…. With a credit line of 8 grand! Not 10! Agin I have perfect credit! What gives??????

]]> By: Kathryn http://www.askmrcreditcard.com/creditcardblog/raising-your-fico-score-with-secured-credit-cards/comment-page-1/#comment-125784 Kathryn Sun, 30 May 2010 16:54:12 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5392#comment-125784 When I asked the holder of one of my credit card companies to increase my limit on the card, they refused and then promptly decreased the limit. When I asked why they said that an inquiry showed that I owed a $93.OO a month charge on a home equity line which indicated a large amount borrowed. I explained that the $93.00 was a one time amount, only charged in case I decided to close the account which I have not. I keep it open. They refused to reconsider. When I then contacted the bank with the equity line and asked them to show the amount as a one time charge which is what it really is, they also refused to do so. Now what recourse do I have? My FICO score went down, and it seems that there is no remedy... Kathryn When I asked the holder of one of my credit card companies to increase my limit on the card, they refused and then promptly decreased the limit.

When I asked why they said that an inquiry showed that I owed a $93.OO a month charge on a home equity line which indicated a large amount borrowed.

I explained that the $93.00 was a one time amount, only charged in case I decided to close the account which I have not. I keep it open. They refused to reconsider.

When I then contacted the bank with the equity line and asked them to show the amount as a one time charge which is what it really is, they also refused to do so.

Now what recourse do I have? My FICO score went down, and it seems that there is no remedy…

Kathryn

]]> By: Russ http://www.askmrcreditcard.com/creditcardblog/raising-your-fico-score-with-secured-credit-cards/comment-page-1/#comment-123720 Russ Wed, 24 Mar 2010 22:44:05 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5392#comment-123720 I recently applied for a BofA card and was offered a fully secured credit card. I have until April 16 to accept the offer. I got approved thru Orchard Bank yesterday and am waiting on the card. Should I get the secured credit card from BofA too? I'm trying to buy a house in a few months and need to raise my score asap. Does it matter if BofA reports to the credit bureaus as "secured"? I intend to pay off my balances in full every month. Thank you. I recently applied for a BofA card and was offered a fully secured credit card. I have until April 16 to accept the offer. I got approved thru Orchard Bank yesterday and am waiting on the card. Should I get the secured credit card from BofA too? I’m trying to buy a house in a few months and need to raise my score asap. Does it matter if BofA reports to the credit bureaus as “secured”? I intend to pay off my balances in full every month. Thank you.

]]> By: Lisa http://www.askmrcreditcard.com/creditcardblog/raising-your-fico-score-with-secured-credit-cards/comment-page-1/#comment-111804 Lisa Mon, 06 Jul 2009 20:13:44 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=5392#comment-111804 I recently closed a secured credit card with Applied Bank because I did not want to pay fees for making on-line payments. I only used the card for a few months, had low balances, made payments on time and closed the card with a zero balance. They said my $200 deposit would be returned in 30 days. It has been 60 days and still no money. I filed bankruptcy in February and it was discharged last month. Can Applied Bank keep my money even if I did not owe them anything? Is there a law about returning the deposit in a timely fashion, if at all? I recently closed a secured credit card with Applied Bank because I did not want to pay fees for making on-line payments. I only used the card for a few months, had low balances, made payments on time and closed the card with a zero balance. They said my $200 deposit would be returned in 30 days. It has been 60 days and still no money. I filed bankruptcy in February and it was discharged last month. Can Applied Bank keep my money even if I did not owe them anything? Is there a law about returning the deposit in a timely fashion, if at all?

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