My wife just received 2 seperate letters from boa telling her they are lowering her credit line on both of her accounts because of information received from Integrated Solutions Concepts.Is this a new cra?Two days earlier they sent her a letter stating they were increasing the apr on her purchases and balance transfers due to information received from trans Union Corp.My wife has never been late or over the limit on any of her accounts.Are there now 4 cra's?Has anyone here received any letters like this?
Nope he letter states they based their decision from information they received from integrated solutions concepts,inc 6111 oak tree blvd ste 400 independence,ohio 44131. Can anyone tell me is this a new cra or not?
The below links will help...They are a subsidiary of Visa, and they have a scoring program that is supposed to be able to predict foreclosures....the first one is a video, and the second link is a press release from 2001. Good luck! http://www.advancebk.com/visaBK.swf and http://www.tsys.com/news/press_release_article.cfm?News_ID=112&year=2001
Oh this is just great news.It's not bad enough we have to deal with 3 cra's along comes a company like integrated solutions concepts who can predict which debtors are likeky to file bk.If their predictions are wrong oh well no harm done to all the honest debtors they placed in their possible bk filers group.Now my wifes credit score will take a dive because even though she has a spotless credit history this company predicts she is a possible future bk filer.Since she never was late with a payment or over her credit limit with any of her accounts somehow she becomes a high risk debtor.How do they get away with this.They want to punish honest debtors because some company comes along and says they can predict the future of debtors by using charts and graphs.So jack up the apr and lower the credit limit on these possible future bk filers.See that guy over there he looks and acts like a possible future criminal so arrest him now before he has the chance to commit a crime.God help us all!!!!!
Credit Card Companies will do this when they think you are more of a "risk" to them hoping that you'll either pay off the balance or transfer it else where. I think this has a lot to do with all the bk/write offs that they have had to deal with. JMHO.
