PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.: BoA to close credit cards for approximately 60% of customers?
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PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.

Peter Rost, M.D., is a former Pfizer Marketing Vice President providing services as a medical device and drug expert witness and pharmaceutical marketing expert. Judge Sanders: "The court agrees with defendants' view that Dr. Rost is a very adept and seasoned expert witness." He is also the author of Emergency Surgery, The Whistleblower and Killer Drug. You can reach him on rostpeter (insert symbol) hotmail.com. Please read the terms of use agreement and privacy policy for this blog carefully.

BoA to close credit cards for approximately 60% of customers?

"I work in Credit Department at BoA (Senior Level Credit Analysist Boa Bldg 3rd fl, Char, NC). We just received memo indicating that all BoA credit cards are being closed as of 10/1. Credit score and income do not matter, all accounts are closed as of 10/1." Executive VP Bank of America

"This is true, but not as bad as he/she says. We are closing accounts, but only ones with credit scores under 750. We will reopen cards within a year as long as crisis lessens." - J.mcmanus / VP Credit Dept BOA

We do not have independent confirmation but if true the event is significant – the number of credit card holders with scores under 750 is 60% percent of the population.

FICO Range (percent of the population)
300-499 (2%)
500-549 (5%)
550-599 (8%)
600-649 (12%)
650-699 (15%)
700-749 (18%)
----------------- 60/40
750-799 (27%)
800-850 (13%)

1 Comments:

Blogger Darvin said...

Each American these days has a few hundreds of dollars debt with his credit cards. And still banks keep on issuing them. Sometimes credit cards cuase serious financial troubles for the card holders since many companies issue them to get money and then disappear. On this great site www.pissedconsumer.com you will find customers’ reports about different Credit Cards frauds.

10/14/2008  

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