twitchrdrm

I have no idea what the actual worth of the car is, they gave her 1K so I could only assume that is in line w/ KBB / NADA or below the value since it would only make business sense that they would give up less than the value of the car incase they do repo and auction it off. I could only assume that the car's value is probably 3-4K.

*Note to Admin: I had no idea where to post this so I posted it here, this site helped me tremendously in the past so I figured any advice is good advice. A good friend of mine unfortunately made some very salamanderic decisions a few weeks ago and I'm hoping that this forum might offer me some good advice to pass along to her. To make a long story short she got mixed up w/ a very nasty guy and went on a 2 week drug binge. During all of this she (very stupidly IMO) took out a title loan on her car and of course the guy who got her into this mess took her to his bank where she cashed the check and (wait for it...) he took the full sum of money. Unfortunately due to her poor decisions she does not have anything, she lost her job, her checking act's are overdrawn thanks to bad checks written for drugs, and so forth. It's really horrible to see what impact drugs can have on people and their decision making process and it's amazing to see that during such a short period of time people can literally lose everything and continue to shoot themselves in the foot, I digress... From what I gather she and him were probably under the influence when she signed the loan documents, and she stated that she argued with him in front of the rep while they were getting the documents ready that she did not want to take the loan. The police are aware of everything since he pawned some of her possessions without her knowledge but I highly doubt that they will do anything. Could mental capacity being a loophole that she could use to just pay back the principal sum and avoid interest and fees? Is there anything that can come of this? Would a BK be her only solution which would still allow her to keep her car? Personally, I'm very un-versed on all of this because I never got involved in title loans but I figured that someone might have some ideas. BTW... To parents out there PLEASE and I mean PLEASE keep your kids away from heroine and pills, as I've seen w/ my friend who was a good person, those things will turn a good person into a soulless being. Thanks in advance for any help/suggestions you might have!

I received a pre approval offer in the mail today and was wondering if it's worth it? Barclays Apple Card-$2,500 Bank of America Cash Rewards-$1,500 Chase Freedom Visa-$1,000 Citi Thank You-$500 Capital One Cash Rewards-$500 I don't use my current cards all of the time, lately just the BOA card and I pay in full every period. Is it a good idea to add another card at this point?

I'm on the same boat as you and my plan is to just stash it away and when all is said and done start paying the loan off when I graduate. It makes the most sense to do this so you can lower your debts asap when you graduate. If you have any debts that are incurring a high amount of interest right now you may want to pay those off but if not I would just stash it in a savings acct for the future when the loans will need to be paid back.

I have a few cards that charge annual fees that I hardly ever use, what do you think? 1) Best Buy Mastercard- $300 limit, $59 annual fee. The annual fee is due next month. This card never gets used (I know, bad mistake even taking it, I took if before I used this site) it seems like a waste of money to keep a card I don't use with a small limit. 2) Capital One Cash Rewards Master Card- $500 limit, $39 annual fee. I don't mind keeping this card but paying an annual fee for it is dumb IMO. I check the upgrade products button on their website daily and it seems like I will never get an upgrade. I really want a Venture Card instead. Should I keep them, or close them? I started cleaning my credit in late 2010/2011 when I had no credit cards except for a target store card that was never used and ironically closed last week due to inactivity. I pretty much figure what's the point of having these tiny limit cards when my Fako's are all in 800's now and according to Credit Karma I'm in the "Good Category" now. These are my other cards: 1) Chase Freedom Visa ($1K limit) 2) Bank Of America Cash Rewards Visa ($1,500 limit) 3) Barclays Visa (Apple.com used to buy a new macbook $2,500 limit) 4) Citi Bank Thank You ($500 limit) I want to focus on getting increases on these cards, or product changes and lay low for a while even though my score has improved big time since I added Barclays this month and I'm getting pre approved offers from Amex and Discover now. Can anyone offer some advice please!?

I don't intend to spend the full amt for the computer anyways, more than likely I will go w/ the entry level macbook pro or an air which will be 1300 at the largest. I live in IL and I'm not too sure there is any sort of tax free back to school shopping weekend here since this state is always crying broke. I start classes next month so the timing is perfect, not to mention I was able to parlay this into a higher limit card than what I have right now which is nice to have. Is Barclays considered sub-prime?

I ended up applying and being declined, I called recon and was approved for $2500.00, I probably could have gotten a higher amount but this amount works fine as I intend to use it for a new macbook next month and will end up paying in full anyways. I cannot believe how easy this process was, their recon is great!

In a nut shell: I started cleaning up in 2010, I went from 6 derogatories to only 1 on all 3 (stubborn HSBC charge off) and my FAKO's are all in the high 700's, the last FICO score I had pulled was in April via TU which was 680. Anyways... I want to buy a new macbook in a few weeks since I'm going to finish my degree online. I can pay cash for the computer but would prefer to put it on a CC so I can pay it off in a month or 2 to show utilization. I would like to get a CLI on one of my cards. This is what I have to work with as these are the highest limit cards I have. Any advice would be appreciated as to which one I may have the better chance of getting the CLI through. Chase Freedom Visa: Opened August 2011, Limit is $1,000. Never had a late payment or have gone over the limit, largest balance on the cards was $898 currently the balance showing is $270 however I paid it in the full earlier this week. Bank Of America Cash Rewards Visa: Opened November 2011, Limit is $1,500. Never had a late payment or have gone over the limit, largest balance on the cards was $519 currently the balance showing is $72 which was paid in full a few weeks ago. Does anyone have any good advice? I know Apple has a barclays card but I know nothing about it and I'm not sure if that is the best way to go.

Bump... Anyone??

Brian can you get a Home Equity Line of Credit on your home? You might want to see if that's an option so you can consolidate the high interest CC debts into one low monthly payment. I would look into that because that could really help you save a lot of money and allow you to pay interest only each month until your situation improves. I really hope this helps you man!

That's interesting that they advised you to dispute something so they can approve your app. I would call them and let them know you filed the dispute and ask them if and when they can approve the card.

I recieved a letter that if I don't use my card within the next 30 days it will close. It's a small $200 limit card that I never use but it's one of my oldest cards from 2007. If it get's closed won't that hurt my scores/reports since everything else on there is from 2011 at the latest? Please help!

I have tried that in the past and only get a generic form letter stating that the debt was sold...

Thanks for the advice! I disputed on all 3 online yesterday (sunday) so I will take your advice and add the complaints and get this letter out today registered mail! Thanks again!!

I settled with the collections agency a few yrs ago at the advice of my mortgage officer so I could get my mortgage approved. What do you think? Let me know before I send this out!! HSBC POBox 5253 CarolStream, IL 60197 Re:Account: **** Notice of Fair Credit ReportingAct, Section 623 Dispute Dear President of HSBC, This is the 3rd time I’vebeen forced to write to your company in regards to the account listed above.You are inaccurately furnishing information regarding the above account toEquifax, Experian, and TransUnion in violation of the reporting requirements ofthe Fair Credit Reporting Act, Section 623, Responsibilities of Furnishers ofInformation. I have no knowledge of ever havingthis account but took the advice of my mortgage officer who instructed me topay whatever balance you requested be paid so I could be approved for amortgage loan. I have made numerous attempts to contact your office and thecredit bureaus only to receive a generic letter stating that this account hasbeen “validated”. · You have failed to provideme any statements on such account · You have failed to show mehow the total amount of the “charged off” amount was calculated · You have failed to show meany proof that this debt is owned by me · You have failed to show meany proof that this debt was sold to a third party · You have failed to contactme directly to address this issue with information that pertains to this issue a generic form letter stating that thisdebt was charged off and sold is too general and does not provide me with anyanswers or information I am very frustrated as to why thisaccount is being reported to all three credit bureaus and no proof has everbeen furnished showing that this “charged off” debt was not only owned bymyself but also proof of this debt being charged off. I will not continue tolet you tarnish my credit and affect what credit terms are available to me. Iam prepared to retain an attorney and pursue litigation against yourcorporation for the reasons listed above. Please be advised that your blatantdisregard for the violations of the Fair Credit Reporting Act (FCRA) and myrights as a consumer have caused harm to me by seriously affecting my creditrating, causing the denial of credit as well as causing me to be charged higherinterest rates and unfavorable loan terms. I will not pursue any legalaction(s) if you delete this incorrect information from all three of the creditreporting agencies and provide me with documentation stating this will bepurged from my credit reports. Sincerley,