TU DID NOT LIE!

[gweedoh]

I didn't say the consumers were violating the FCRA.

 

No, but some of them are engaging in fraudulent criminal activity, right?

Why does anyone care about B*?

(Not a rhetorical question. I want to have a discussion on the subject.)

 

Whoa there... Quid pro quo.

 

And I'll have to raincheck the discussion for a couple of hours (and probably another 10-15 pages). Leaving work, traffic, etc.

Ok, I'll give my answer while I'm waiting. B* removes inquiries and puts a consumer's credit file in a more favorable light. Do we agree on that?

[kevinkev99]

I cannot imagine the PAIN, homebuyers might be feeling on the LAST day of closing when before a few hours the lender pulls all 3, and (in case they did AORs) finds 19 INQs on TU within 2 years where there were 0 before

 

Summary: NO SALE!

 

ouch . . .

 

 

I've had three mortgages (2 new, one refi) in the last 8 years and no one ever did a pull before closing. They have enough trouble getting all the docs together, forget having time (or the profit margin) to do another pull.

[hawk_needs_help]

I wish that guy that sends the flowers would get on their flowers.

 

ROFLMAO

 

I'll chip in!

[DiamondGurl]

Have I ever mentioned that my cat loves ice water?

 

Mine too. Just got a brother for my cat yesterday. He's only 9 weeks, but should know soon if he likes ice too.

 

 

Aww, how sweet!!! The one that loves ice water is 19 years old!!!

 

Unfortunately, my other cat, 12 years old - died one week ago tomorrow

[Frisbee]

I didn't say the consumers were violating the FCRA.

 

No, but some of them are engaging in fraudulent criminal activity, right?

Why does anyone care about B*?

(Not a rhetorical question. I want to have a discussion on the subject.)

 

Whoa there... Quid pro quo.

 

And I'll have to raincheck the discussion for a couple of hours (and probably another 10-15 pages). Leaving work, traffic, etc.

Ok, I'll give my answer while I'm waiting. B* removes inquiries and puts a consumer's credit file in a more favorable light. Do we agree on that?

 

I've been sitting on my hands everytime you post. Do I agree? NO! The problem is with the CRA. I am NOT the responsible party to any alleged "b" issue. IF a creditor asks the question: "have you "b" off inquiries or do you know of any missing inquiries"....THEN I need to address the question.

 

When you apply for a mortgage (or at least when I have) there is a separate piece of paper. It basically says to swear that they have alllll the credit information necessary even IF the CRA's didn't supply it.

Get it? You are then responsible to let them know what they didn't find. ONLY THEN.

 

All day you have been judgmental. I don't get your position.

[Doodah]

ZERO reinserts for me. Last name is the 3rd letter of the alphabet.

[Operation_Home_Ownership]

I can never understand the joy of some people reveling in the misery of others. Here we have a situation where many CBers could be seriously affected and we have a couple of saints spouting sanctimonious platitudes.

[carnage]

Here's what bothers me about this whole deal.

 

I feel like I have been abused, used, and just absolutely wore to the core by the CRA's. I have shed blood, sweat and tears dealing with these people.

 

And the thing is....with the SMALL little bumpage you did get, at least you feel like, in some small way, the little guy won something.

 

Of course it needs to be fixed and done right, BUT the whole system needs to be fixed and done right, and we should not feel like there is just another stake being rammed into the heart.

[goldtrad]

ZERO reinserts for me. Last name is the 3rd letter of the alphabet.

 

 

This is going to take a few weeks I would imagine.

[Shawnee]

I can never understand the joy of some people reveling in the misery of others. Here we have a situation where many CBers could be seriously affected and we have a couple of saints spouting sanctimonious platitudes.

 

Looks like someone who has done a recent AOR and pushed balances into six digits is sweating about resurrected TU inquiries.

[Guest mixedup]

WOW. We have done good 23 pages and it's still open....

[Operation_Home_Ownership]

I can never understand the joy of some people reveling in the misery of others. Here we have a situation where many CBers could be seriously affected and we have a couple of saints spouting sanctimonious platitudes.

 

Looks like someone who has done a recent AOR and pushed balances into six digits is sweating about resurrected TU inquiries.

 

From this post I KNOW there is a blue moon, planets aligned, and/or cats barking & dogs meowing somewhere!!!

Edited July 3, 2008 by Operation_Home_Ownership

[Guest mixedup]

ZERO reinserts for me. Last name is the 3rd letter of the alphabet.

 

 

 

 

Thanks GT- I asked that question 550 pages back

 

This is going to take a few weeks I would imagine.

[LBCS]

Thanks for proving my point so quickly about people laughing at the misery of others.

 

I can never understand the joy of some people reveling in the misery of others. Here we have a situation where many CBers could be seriously affected and we have a couple of saints spouting sanctimonious platitudes.

 

Looks like someone who has done a recent AOR and pushed balances into six digits is sweating about resurrected TU inquiries.

 

[MarvBear]

I wish that guy that sends the flowers would get on their flowers.

 

or fax them a 100 page poem on yellow paper with purple crayon

 

 

 

but but but I don't have a color fax!!!!!!!!!!!!!!!!!!!

[inaquantry]

Because it's hypocritical. The same people that are here preaching the virtues of forcing the CRAs to comply with the FCRA are the very same ones that are clamoring because they've finally decided to comply.

 

Without being disrespectful to you opinion, they may have started to comply, but they are complying with one component. If they (and maybe they are) looked at the whole system and fixed the whole system , it would gain more respect. If they fix the inquiry component I would like them to fix the system of reporting correct information. From my own experience, something as simple as my correct name proved to be a daunting task (not for TU, but another agency) to resolve. I had sent everything short of my dna, because it was not an item I was going to let me drive crazy, I let it go. But I have to say, this was not a difficult task, a correct name is not to much to ask of a CRA. So I can understand people's frustration when they spend months trying to correct an item in thier report and it is not accomplished but yet inquiries are.

[Shawnee]

Thanks for proving my point so quickly about people laughing at the misery of others.

 

I can never understand the joy of some people reveling in the misery of others. Here we have a situation where many CBers could be seriously affected and we have a couple of saints spouting sanctimonious platitudes.

 

Looks like someone who has done a recent AOR and pushed balances into six digits is sweating about resurrected TU inquiries.

 

 

Maybe you shouldn't constantly be pointing fingers at other members. You're right, when your creditors catch up with you it will be enjoyable to me.

[wwbtbl]

Identity theft is a huge problem for creditors and it has morphed into using legal immigrants that left the country to go back as well as innocent citizens. These crooks are smart, at least the good ones are and they would work hard on files of individuals and leave them somewhat dormant until the time was right. These crooks would use piggybacking to establish good lines and then apply for credit and use the cards for miniscule amount and bump off the inquiries. They probably got most of their info from places like this. Good people sharing information for good purposes then used for bad things. This would drive up the scores and they would look like ideal customers and then they would have like $400k in lines max them all out in matter of days and walk away. This is still happening at my POE. We look at the CBR we pulled and updates and they all look great and no reason to suspect. We reach out to the Credit Bureaus and they investigate and inform us over and over that this person has 60-100 hard inquires for credit in the last year. As a creditor we inform them we didn⦣8364;™t see them, but we did see all these accounts being opened with no inquires and then they open up about B* to try to cover themselves.

AUs are not going away what is changing is how FICO scores them. Many credit card issuers are worried about the effect FICO08 will have and FICO will still sell other scores and most lenders will still us AUs in internal scores.

 

Don't your fraud people comply with the US Patriot Act for real ID (i.e., not just rely on a single consumer report) ?

 

and I find it hard to believe that crooks care about B*

 

but as TU and the other CRAs DO provide additional information about inqs (i.e., the number of times a SSN has been entered) why does your POE only rely on reported hard inqs to decision applications? Why not exclude AUs from use in your internal scores?

 

Of course we and other major CCs use multiple sources to verify customer information. The rings that were using this were very smart and used a lot of people that had left the country. They would take over their ssn or tin numbers and act as if they never left. Change the addresses and have tons of good history on the cbr and then hit. Some CBRs were marinated for 48+ months and then the hit them. Some car dealers really got killed, but it was mainly CCs.

 

They absolutely used B* to manipulate the reports as most creditors have a threshold for INQs that systemically decline apps with too many hard inq. They were able to build perfect reports for these individuals. They had fake places of businesses set up for these people mostly computer companies and flowers shops that appeared in the phone book and business registries like MANTA. The number of INQ would have severely impacted their scores as would the reduction of score affect from being an AU on other cards. These people would have tiny files and then massive files with 800-825 scores and verifiable income. There was really no way of looking at the CBRs, and other tools and see it as fraud until you had been hit so hard you picked up a pattern and were able to weed SOME out. They had everything set up and the creditors, like mine wanted someone to blame and wanted changes. That's why stuff like this happens.

 

Like gun laws; somebody killed someone with a gun. Let's get rid of all guns. But crooks will still get the guns and if someone really wants someone dead they'll hit them with a car. Then we have to ban cars. These fraudsters will mutate and come up with something else. As I said they are really good.

[gweedoh]

Personally I never understood how inquires should hurt your score. It makes no sense...

 

They should only note them for fraud protection.

Hey, we have a winner! Someone is finally getting it!

Yes, THIS is why inquiries are important to be disclosed to consumers and is undoubtedly why congress imposed this requirement on the CRAs. In fact, there are only a handful of items independently identified that must be disclosed when your credit report is given to you. One of them is inquiries. All of the other requirements are dependent upon other information contained in your file at the time it's pulled.

[nyrfann]

Identity theft is a huge problem for creditors and it has morphed into using legal immigrants that left the country to go back as well as innocent citizens. These crooks are smart, at least the good ones are and they would work hard on files of individuals and leave them somewhat dormant until the time was right. These crooks would use piggybacking to establish good lines and then apply for credit and use the cards for miniscule amount and bump off the inquiries. They probably got most of their info from places like this. Good people sharing information for good purposes then used for bad things. This would drive up the scores and they would look like ideal customers and then they would have like $400k in lines max them all out in matter of days and walk away. This is still happening at my POE. We look at the CBR we pulled and updates and they all look great and no reason to suspect. We reach out to the Credit Bureaus and they investigate and inform us over and over that this person has 60-100 hard inquires for credit in the last year. As a creditor we inform them we didn⦣8364;™t see them, but we did see all these accounts being opened with no inquires and then they open up about B* to try to cover themselves.

AUs are not going away what is changing is how FICO scores them. Many credit card issuers are worried about the effect FICO08 will have and FICO will still sell other scores and most lenders will still us AUs in internal scores.

 

Don't your fraud people comply with the US Patriot Act for real ID (i.e., not just rely on a single consumer report) ?

 

and I find it hard to believe that crooks care about B*

 

but as TU and the other CRAs DO provide additional information about inqs (i.e., the number of times a SSN has been entered) why does your POE only rely on reported hard inqs to decision applications? Why not exclude AUs from use in your internal scores?

 

Of course we and other major CCs use multiple sources to verify customer information. The rings that were using this were very smart and used a lot of people that had left the country. They would take over their ssn or tin numbers and act as if they never left. Change the addresses and have tons of good history on the cbr and then hit. Some CBRs were marinated for 48+ months and then the hit them. Some car dealers really got killed, but it was mainly CCs.

 

They absolutely used B* to manipulate the reports as most creditors have a threshold for INQs that systemically decline apps with too many hard inq. They were able to build perfect reports for these individuals. They had fake places of businesses set up for these people mostly computer companies and flowers shops that appeared in the phone book and business registries like MANTA. The number of INQ would have severely impacted their scores as would the reduction of score affect from being an AU on other cards. These people would have tiny files and then massive files with 800-825 scores and verifiable income. There was really no way of looking at the CBRs, and other tools and see it as fraud until you had been hit so hard you picked up a pattern and were able to weed SOME out. They had everything set up and the creditors, like mine wanted someone to blame and wanted changes. That's why stuff like this happens.

 

Like gun laws; somebody killed someone with a gun. Let's get rid of all guns. But crooks will still get the guns and if someone really wants someone dead they'll hit them with a car. Then we have to ban cars. These fraudsters will mutate and come up with something else. As I said they are really good.

I am so sure this is an alias you are posting under! Funny thing is, the member I think you really are joined 2 days after you did. Quess that's just a big coincidence Edited July 3, 2008 by nyrfann

[LBCS]

I will be sure to come to you for advice when I am AAed - since you have such vast experience in that subject.

 

let me see - Amex, Citibank, VCU, Advanta come to mind. Are there any that I missed?

 

By the way, I thought you blocked me? Couldn't resist coming back and taking some jabs at me, couldn't you :-)

 

Thanks for proving my point so quickly about people laughing at the misery of others.

 

I can never understand the joy of some people reveling in the misery of others. Here we have a situation where many CBers could be seriously affected and we have a couple of saints spouting sanctimonious platitudes.

 

Looks like someone who has done a recent AOR and pushed balances into six digits is sweating about resurrected TU inquiries.

 

 

Maybe you shouldn't constantly be pointing fingers at other members. You're right, when your creditors catch up with you it will be enjoyable to me.

[radi8]

. They had everything set up and the creditors, like mine wanted someone to blame and wanted changes. That's why stuff like this happens.

 

Isn't it the CRA's themselves that refuse to institute a PIN number system, what would put a stop to a large part of this?

[Operation_Home_Ownership]

Nah, nah, nah that is DEFINITELY not it for me , but its just shocked me that you apply this sentiment here and not the numerous other posts where you in fact pour salt into others wounds regarding various CCs AA.

 

I have no ill will towards you [or anyone else on CB], I just NOW hope it finally clicks how your words can effect others who are down in the same way you probably feel right at this moment. Live Learn.

 

Thanks for proving my point so quickly about people laughing at the misery of others.

[Shawnee]

I will be sure to come to you for advice when I am AAed - since you have such vast experience in that subject.

 

let me see - Amex, Citibank, VCU, Advanta come to mind. Are there any that I missed?

 

By the way, I thought you blocked me? Couldn't resist coming back and taking some jabs at me, couldn't you :-)

 

Thank you for showing everyone what I'm talking about. You even keep track of other member's AAs so you can point fingers. None of those had to do with "bad" credit and they've been explained in other threads.

 

Right now I am carrying a balance of about $5k, personal cards are all PIF. You think it's wise to go on an AOR and run up balances into six figures. We'll see who crosses the finish line with intact accounts.

[coolguy2008]

My FAKO dropped 20+ points on TC & CK today. Oddly enough, I've only pulled for the last month or so and have never bumped an INQ, but I just reached my 10th INQ on TU thinking I would just B* them off in a few weeks...