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Vmaxer's Mortga-App-O-Rama Archived From: Finance

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alert mods    
   posted: Nov. 19, 2006 @ 8:50p

Was the card that closed on you First National Bank of Omaha?

I did my AOR starting on Nov 1, and they approved me for 13.6K then, but I got a letter yesterday saying my account was closed "... due to the following reason(s): EXCESSIVE INQUIRIES" Unfortunately even tho I requested my BT on 11/1, it hasn't posted, and looks like it never will. Was looking forward to the nice long BT

Emil


alert mods    
   posted: Nov. 20, 2006 @ 1:20a

Vmaxer said:4)I re-allocated BoA/FIA lines to my best 0%BT offer (CL on 1 card is now ~$45k). CSR was very nice about it after I said I planned to pay down a HEL. He insisted on doing ACH for almost my entire CL. I didn't argue and plan to pay it down to 69% utilization before cycle closes in 3 weeks.Meh. Don't bother. Especially if you only have one line at 90%+.

You'd be better off making sure your other smaller lines are under 70%.


alert mods    
   posted: Dec. 9, 2006 @ 4:02p

EmilM said:Was the card that closed on you First National Bank of Omaha?

I did my AOR starting on Nov 1, and they approved me for 13.6K then, but I got a letter yesterday saying my account was closed "... due to the following reason(s): EXCESSIVE INQUIRIES" Unfortunately even tho I requested my BT on 11/1, it hasn't posted, and looks like it never will. Was looking forward to the nice long BT

Emil

Yup, they actually sent me the card but in between it was cancelled.


alert mods    
   posted: Dec. 9, 2006 @ 5:12p

As of now it's been quite a success. Already received about $120k @ 0% plus another big BT is in the works. When I complete the last BT I will update.


alert mods    
   posted: Jan. 19, 2007 @ 12:07p

mbaker4096 said:Vmaxer said:4)I re-allocated BoA/FIA lines to my best 0%BT offer (CL on 1 card is now ~$45k). CSR was very nice about it after I said I planned to pay down a HEL. He insisted on doing ACH for almost my entire CL. I didn't argue and plan to pay it down to 69% utilization before cycle closes in 3 weeks.Meh. Don't bother. Especially if you only have one line at 90%+.

You'd be better off making sure your other smaller lines are under 70%.

Since I doubt you would be pulling credit in the next few months, why is it important to keep your utilization down in the next 2-3 months?


alert mods    
   posted: Jan. 23, 2007 @ 4:15p

There are threads about banks freezing/closing accounts when utilization is too high. From what I understand you are more likely to be flagged if several cards are highly utilized.


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