Epa L asked:


My credit score with TransUnion is currently 772, Exp. is 767 and Equifax 765. Believe it or not citibank declined my application for a credit card. Then I applied for a card with Bank of America, the results? The will send me a letter within 30 days. Does anyone knows why is this happening? My credit is clean and Excellent, I already have credit cards and I will never been late. Weird, isn’t?

Claudia

Giant Wang asked:


I went into the branch about a month ago and the teller said I had the old type of checking account and they have a newer version with no extra fees or anything and asked if I would like to convert it over. I said sure, as long as there are no strings attached and he said there weren’t. Then out of nowhere, my wife gets a Bank of America Visa card sent to her with a $7500 limit that neither her nor I ever asked or applied for. We called B of A and they said it was requested the same day we were in the branch. In other words, we were scammed. The reason we are concerned is because we are about to apply for a mortgage. Overall, my wife and I have good credit scores (around 700) but we have some high credit card balances. Without this new card, our balances are about 65% of out total limits. With the new card, our balances will be about 40% ouf our limits. Is this going to hurt our mortgage application or not? Should we cancel the card?

Evelyn