Jump to content

BOA Reports CC as Secured Line of Credit, Good or Bad?


joraanma
 Share

Recommended Posts

I open a checking account with BOA and I also got a secured CC with a $500 dollars CL. But when I looked at my CR it shows the account but it says Secured line of credit. Would this affect my score or my credit? I had secured card before but I didnt think it would splicited say secured on my CR. I notice my scored went up a few point but that is it. should I keep it?

Link to comment
Share on other sites

My B of A VISA started out as a 500 secured, went to unsecured in about 8 months. hang on to the card, with good payment history yours should as well. I've had mine for 2 and a half years, and just got a CLI increase, went from 3500 to 5500.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.