I just received two letters this week from BofA: First one informing me they were cancelling my credit card. The second one informing me that they were lowering the card's limit to 500.00 because I am delinquent now and have been seriously delinquent in the past!! Credit limit was 24,000.00!!! I haven't used the card in two years....and I had paid it off in full 4 years ago....and paid it off again 2 years ago when I refinanced.
The part about being seriously delinquent in the past annoys me as I have never been more than occasionally 35 days late due to forgetting to mail or pay the bill online!!!
This is all
CW's fault for yanking me around for months when I first started the loan mod process and then telling me they would only deal with me if I was 60 days late....now my credit score is in the toilet. Is there any way to fight this, if and when I get a loan modification, as this will spill over into so many different areas (car insurance rate, homeowner's insurance cost, other credit cards, etc) where you wind up paying more because of a bad credit score???? Anyone have any experience with this?