I've had a charge card with Lender of America/MBNA since 1997. And, I've utilized my charge card take into account balance transfers since 1997. Recently, I had been informed in regards to a friend card to-go along side my present B.O.A. Card. I had been informed with a consultant that I really could move a number of my credit on my present B.O.A. For this new account when I obtained the brand new card within the email to be able to make the most of a per cent balance exchange for 15 weeks.
I called a couple of days before on Friday to determine easily would get that friend card within the email and that I was informed that I'd been declined for that new card. I questioned why, and that I was informed that upon deeper overview of my presently revolving credit collections and amounts with additional cards that I had been declined for that new card which my current credit accessible ($10,177.00) could be removed from my current-account also it could be shut despite the fact that I actually have a stability of $5,822.00 in a 1.99% price until March. And, additionally, I've never been overdue or skipped a cost the entire period I've had this card since 1997. Therefore, my charge card account hasn't been a delinquent bill. I've excellent background together plus they recognized that, however they stated that was the best choice.
I've created balance transactions together about each year since 1997 plus they haven't had an issue with this before. They simply prepared my newest balance move in September ($6,000.00) in the 1.99% price until March and also the stability has become right down to $5,822.00 like I stated earlier. Therefore, I've proven that I will create my funds each month and that I haven't overlooked any funds on my additional charge cards plus they accepted that I actually do possess a great credit rating. Therefore, I questioned them why do they've to shut my consideration despite the fact that I've a stability, haven't overlooked any funds etc., plus they explained that it requires is for me personally to skip one cost on a single of my charge cards after which all my charge card rates of interest and funds may increase which implies that I'll possibly fundamentally not have the ability to spend them. Well, I've never shown that I'd or might skip or create a cost overdue! I've been together since 1997! I actually donot understand why! I've exceptional credit plus they recognized that! This isn't reasonable! They actually shut my spouseis Bank of America card bill also, allinone telephone call
Today, simply because they have shut quarry and my spouseis charge card balances, our credit is likely to be destroyed since credit history may display they shut our 2 charge card accounts and that I still possess a stability on a single of these! The truth that they (Lender of America) shut our charge card balances will today reduce our credit rating and trigger our additional charge card companies to perhaps increase our rates of interest and our funds and certainly will additionally, most surely trigger them (additional credit card issuers) to prevent offering people any low-rate stability transfer presents! Therefore, essentially, Lender of America will trigger the situation they were attempting to prevent within the first-place! By shutting my balances and destroying my credit along the way, they might trigger my additional charge card rates of interest to increase, consequently growing my minimal funds, as well as creating them (additional credit card issuers) to not provide any low-interest balance transactions that'll consequently, trigger me to not have the ability to pay-off my present stability with them (Lender of America)! I've attempted to obtain them to change their choice about shutting my charge card bill, however they stated that they cannot and that I have talked with boss after boss to no avail. They're destroying my credit by shutting my balances
So what can I really do? Do they've the best to get this done? Do I've any option? So what can I actually do about that? Can somebody help me?
Thanks So Much,
Shauna
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