Student Loans
Student loan resources and discussion
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Our picks
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Collections, but Comcast didn't let me pay.
FixTheProblems posted a topic in Credit Forum,
Hello good folks,
Background: last October, Comcast locked my account because *a stranger* (mistakenly) paid for it with a credit card, and later disputed the charge with their credit card company and did a chargeback. Comcast made it so I couldn't use any type of credit/debit cards to pay. It took some give months to even expose this issue, as agents didn't know why my account was locked. I cancelled my account but they still wouldn't let me pay. Eventually, they sent it to collections, which very promptly hit my credit history with a "Collections" derogratory record.
Unfortunate timing, because I'm in the market right now for a mortgage. Without this note, my credit history is close to perfect, with FICO8 of 835+, and VantageScore3 of 810+. With this, the scores drop to about 710 and 760 respectively. Meaning, either mortgage denial or higher interest rate, leading to huge sums wasted.
My questions are:
1) What is the best way to get this rectified and get this record off my history?
- Is it possible to do a "pay for delete"?
- Should I be talking to Comcast or to the collections agency?
- Is there something I need to to in the interim, like disputing the record?
- What would be the fastest way to deal with this? Ideally, I want to apply for a mortgage in the next week if possible. If not possible, in the next 3-8 weeks.
2) Are there particular mortgage lenders that use a more favorable scoring so this one single negative record doesn't hurt my mortgage rate?
- My understanding is, FICO8 has this 120+ point drop for the first negative record, while other scores (like VantageScore3) doesn't drop so dramatically. Is this correct?
Thank you very much in advance.-
- 67 replies
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Titty Bank Wants More Smoke
RehabbingANDBlabbing posted a topic in Credit Forum,
So my DH had a Citi/Best Buy card that was charged off in 2017. After beginning our credit repair process, I noticed the account was reporting the payment history inaccurately on Equifax and Experian. We disputed many times, then ended up suing them for FCRA violations. They settled the case by forgiving the debt and deleting the account from all reports.
But now they’re back! In 2020, they sent us a 1099-C for an amount just a little bit shy of the balance. I believe it was just the principal balance, which amounted to $4,600. Well, as you know, it’s tax season. And who decides to send us another 1099-C for the same account/debt? Titty bank. They put the full amount of the debt this time; which was about $600 more than the first 1099-C they sent.
I have consulted my lawyer because it seems illegal for them to write off the same debt twice. He has advised we should sue them again. While I’m sure we can win the case, litigation and settlement takes about a year to do, based on our past experiences. It ended up costing us an extra $1,200 in taxes this year. What do y’all think? Should we spend more time and effort on this situation? I’m pretty sure Titty also violated terms in our settlement agreement for the FCRA case as well, in regards to them not pursuing further collection activity.
Any advice would be appreciated.-
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- 24 replies
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American Express Member Since
MP80 posted a topic in Credit Forum,
I have come across a credit topic involving data point information that concerns AmEx's D* policy (which no longer exists) which triggered and raises an important question that may be of interest to anyone who has an AmEx credit card in their relationship history with AmEx.
This is to give credit and courtesy to an excerpt from the @cashnocredit post...
"I had an Amex in 1974, which closed in the early 80s. Opened a new one in 2011 but they didn't backdate me then. Had no record of it (which was always paid on time)."
Question?
Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
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- 42 replies
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Vig's Points, Miles, Cash Back, Earnings, Redemptions, and Shenanigans 2023 Edition
TheVig posted a topic in Credit Forum,
I decided to continue another year of my glorified spreadsheet. 2022 was a disappointment in the shenanigans dept. Most of the dive hotels I stay at did remodels during the pandemic. Not too many WTH moments. Disciplining myself to go under 5/24, allowed me to add a Chase CSP and CFU to the mix in 2022. The various dumpster dive apps I use paid off. To the tune of about $2000 in value.
Inflation being what it is, I'm more hyper sensitive than ever on what spend goes on what card, to maximize spend multipliers.
Credit Cards:
Amex Gold & Every Day MR 441,390
Amex Delta SkyMiles 205,415
Citi MileUp MC American Airlines 69,345
FNBO Amtrak Guest Rewards MC 135,948
Chase CSP / CFU Signature Visa UR 101,559
Chase IHG Traveler MC 66,064
BofA Customized Cash Rewards Visa (3% Travel) $0.88
Citi Double Cash MC (2% CB / TYP Everything) 21,186
Citi Premier MC Thank You Points 34,280
Choice Privileges Visa Signature 360,660
WF Active Cash Signature Visa (2% CB Everything) $87.44
Shopping Portals and Apps / Stacking Opportunities:
DOSH (CB) $18.56
Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 6857
Fetch Rewards (GC) 27,439 Points
Ibotta (CB or GC) $7.65
Upside (CB or GC) $14.15
CoinOut (CB or GC) $8.65
Payce (CB) $18.97
Receipt Hog (CB or GC) 3156 Coins
Receipt Jar (GC) 2013 Points
Receipt Pal (GC) 4725 Points
Shell Fuel Rewards (Earning AA Miles 2miles/gal.)
Starbucks / Delta SkyMiles (Earn 1 SkyMile for every $1 spent at Starbucks)
AA Simply Miles
Airline / Hotel Dining and Shopping Portals
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- 170 replies
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When will this last baddie actually drop off??
tps7c posted a topic in Credit Forum,
Hi Everyone!
I have one last bad account, unfortunately a repo, that is still on my Experian and Equifax reports. Before Experian changed their report format, at some point last year the repo account said "on report until April 2023." Well, it's April and it's still showing. Could it be until the END of April? Would it be worth calling Experian's backdoor number and asking about it? Maybe sweet talking them to delete it early? lol
What do you guys think? In comparison, this account was scheduled to drop off my Transunion report in January and was gone in December. Equifax is the worst and it show dropping from the report in July.
Thanks guys!-
- 15 replies
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Posts
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By supern8ural · Posted
not necessarily. I assume that your $89.xx was your last statement balance. If you paid that in full by the due date which is today, your statement date is likely within the next week or so. What will report is whatever your balance is at COB on the statement date. If you've made purchases since the last statement cut, or even if you paid the card 100% in full and you make purchases over the next couple days that post before the statement cuts, that balance is what will report to the bureaus. One exception is JPMCB. If you pay your Chase card to $0.00 at any point, they will automatically report a zero balance to the bureaus whenever the payment posts. I've had that happen a couple times and when it's unintentional I'm always surprised by the flood of notifications from the various monitoring services Capital One/Discover however do not do this. I don't know if you can call them and request an off cycle report if it's important. I know some cards do and some don't, but I don't really know which are which off the top of my head. If you're trying to get that zero balance to report for something like AZEO be aware that the *amount* that your card will report will be whatever it is on the statement date, but there is some lag between the statement date and the reports actually being reflected on your credit report. Usually it's a couple days, but I have had them take up to two weeks before. I was paying attention at that time because I was just trying to see what my optimized scores could be, and it was frustrating not seeing those reports -
By supern8ural · Posted
Called AmEx today, as my promo expired yesterday, hit a brick wall with the rep. Basically got "if you use the card regularly and pay it off every month it will go down over time". Well, I've been doing that for over a year... ah well. I'm just curious what kind of credit I need to have to qualify for their lowest rate... all my FICO 8s are over 800, I do have a car loan still on my report (paid off ~9 years ago), zero derogs, and every card is paid on time and in full every month. Every other card I'm at or below the lowest advertised rate. Also had an AmEx company card at my last job so they consider that I've been a "cardmember since 2017" even though that account doesn't show up on my credit. This is literally the only thing about my credit that I wanted to work on now... I have a Sunbit loan that caused a HP on my TU report in early January of this year. All other HPs are over a year old (the one I was complaining about above with the Macy's card was a year old on 8/18) I would like higher limits on my two Citi cards but can't request until 10/27 (Costco) and 11/23 (Double Cash) I actually started hitting the Double Cash hard this month because I hit $6k in online purchases on my AmEx last month (I'm not sure if I should be worried? But I did make some big purchases like a portable AC unit which qualified as online) I made myself a plan and now I'm at a loss what I should/can do next for my credit, I feel like this is pretty much job done at this point...? I guess I'll just call AmEx back in a month or so until they relent. Hey, I'm nothing if not persistent, I kept requesting CLIs on my Discover for about a year and a half until they finally relented -
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By RichieRich2 · Posted
Happy Friday I agree. We are not well. Collectively, and as a society... -
By RichieRich2 · Posted
For example, with Discover, now Capital One. I had a balance of $89 and change, I believe. Today was the due date. I paid it in full.. at some point today, it will change from "Processing" to "Payment Received." When it does, I will have a zero balance. Is that what will report to the bureaus?
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