Credit card question

[Amy26]

Amy 26: Amazing...I guess they realize with no other debt you may be a good risk. I wonder if they keep your card open without interruption so that you show an open credit line with some time behind it. Congrats.

I also wonder if it has something to do with the economy. If all the credit card companies lose all their customers...then how will they make any money?

I was really shocked actually... I had thought maybe a credit card might squeak by just because the company never finds out...but they just officially declared to me in a letter that it will stay open ... I'm also surprised they didn't change the interest rate on it or anything. Its not the best interest rate.. I think its like 15 or 17 percent but I think that's better than a post bankruptcy interest rate...and definately better than my 30% interest rates from chase.

[music12]

amy, that's great!

i didn't get any letter informing me that my cc's were closed. it's just that they disappeared from online access, so i called and they told me over the phone that it was closed. they said something about their bk department and gave me the phone number, but basically they said i'd have to wait for discharge.

does that mean that there is a possibility that they would reinstate the card after my discharge??

[Amy26]

Anything is possible... after the letter I got... who knows. Too bad you didn't have a bank of america card... lol.

[music12]

oh, but i did! i had 3 with BofA, total credit limit was over $30,000, all three balances were $0, i did use them a while back (up to a few months before filing), always making payments on time, never carried a balance unless i had 0% interest.

so amy, what's your secret???

[Amy26]

I really have no idea... lol. I'll scan the letter in if you wanna read it... lol. I wasn't even a BoA customer for very long.

[music12]

i'd love to see the letter, maybe it would shed some light on how they reach their decisions... but be sure to redact any personally identifiable info, you never know who is watching...

[Amy26]

Hehe, here you go for your viewing pleasure or displeasure as the case could be!

http://www.cputrwz.com/BoALetter.jpg

http://www.cputrwz.com/BoALetter2.jpg

[music12]

that's a very nice letter! and they wrote it so soon after you filed. it's strange it arrived only today - that's 2 weeks in the mail?!?

[Amy26]

Yea ... I was surprised about that too...maybe they wrote the letter and was like.... hmmm... should we mail this or not???

[music12]

i will now hope that they have a letter just like that waiting for me in some office, just waiting to be mailed...

[MrSmithster]

i still wouldnt use any card till after discharge. i think my cap one cc mentioned previously is only on hold, they also lowered my limit to $500 from $11k, but i always paid that card ontime and fully paid off an $10K bal a few years ago when i got a bonus at work so maybe i am in good standing with them. at least i can still log into my acct online. all my other cards except this cap one acct and a pep boys card have locked me out of being able to log in online as soon as i filed. same with calling in, if enter my acct # they say no acct found.

[Amy26]

I didn't say I was going to use it. Just nice to know its there for the future.

[Catie34]

Amy That is nice at least you can have a emergency fund!
Not much but something!