Posts Tagged Bank America
New Bank of America Credit Fee Hits Some
AssociatedPress asked:
Bank of America Corp. said Tuesday it will charge a limited number of its credit card customers annual fees ranging from $29 to $99 starting next year. (Oct. 15)
Hector
Will closing a line of credit before it is paid look bad on my credit report?
Andrea asked:
I have a line of credit through Bank of America. I was told it was a personal loan and the balance would go down each month. (I had consolidated 3 credit cards). I just found out it is technically called a line of credit and the interest is 23%! I am going to be applying for a mortgage soon and I know it looks like “potential debt” and that looks negative. But, is it worse to have the account closed and still be paying it off, or to pay it off then close it?
Kansieo.com
I have a line of credit through Bank of America. I was told it was a personal loan and the balance would go down each month. (I had consolidated 3 credit cards). I just found out it is technically called a line of credit and the interest is 23%! I am going to be applying for a mortgage soon and I know it looks like “potential debt” and that looks negative. But, is it worse to have the account closed and still be paying it off, or to pay it off then close it?
Kansieo.com