Synacle1

Well, it's gonna hurt my score a little bit due to age and utilization the piece of mind is worth it. I opened an HSBC platinum card in '09 when I was just out of BK. It had a $300 limit and 14.9% interest. After a year of calling and being declined for a CLI I asked to close the account (Jan 2010), they finally gave me a $300 increase to $600 to keep my business. In August of 2011 I paid my bill a few days late. I was in the process of moving (life just got hectic) and I overlooked the bill. They immediately hiked the interest to the default rate of 24.9%. Since I had a low balance and needed the open trade line I left a balance on the card and paid the bill on time. Fast forward to now... I've got 4 other cards open, 3 have higher limits and all have interest rates in the low teens. I called HSBC and asked them to re-evaluate my interest rate or forgive my one late and restore me to the original terms. I got a canned response that "my account was not eligible at this time" and to wait a few more months and try again. I then asked if I could get a credit limit increase on the acount. To which the reply was; "the computer doesn't give you that option." Long story short, every question I asked resulted in either a canned (pre-scripted) response or an excessively long hold time before being told no one could answer my question or fufil my requests. In the end, I told the rep to close out my accound. Once I did that there was no more holding, no attempt from that rep or any member of customer service to save my business, and not even a hint of understanding as to why I was frustrated. I don't expect a bank or credit card company to actually "care" about me, but I do expect them to attempt to retain customers who do faithfully pay their debts and actually want to establish a long term relationship. Good riddence to HSBC. I'm better off without them.

File a dispute with all 3 CRA's stating the account is paid in full. They will inquire with the lender and it will be updated within 30 days.

Logged onto Amex this morning to make sure my new automatic payments from BofA were going through, and saw the Big red letters "This account has been cancelled and has a balance". It was on both of my accounts (Blue and Delta). I called custoemr service and was immediatly asked to pay the balance in full ($2599). When I started inquiring as to why they cancelled the accounts I wound up with a supervisor on the line... Long story short, they put me on hold for ten minutes, came back on the line stating no one can see why the accounts were cancelled (I pay more than the minimum every month and only carried the balance for three months). Then they told me they are using a new department for cancellations, and that department couldnt even pull up my accounts, so I had to call that department back myself in a few hours after they get their systems up and running correctly. In the end of the call I asked the supervisor about the $85 membership fee for the delta card (which was charged last month). She said that if they cancelled the card and wouldnt re-open them, they will re-emburse be for the fee, but I had to call yet another department after I get the reason for cancellation this afternoon (if they can figure out why). For a long time in my creditboards life, Amex was the epidamy of success in my eyes. Now that I've had them and have to deal with this crap... Its aparent to me that they are no better than Cap One.

I got the 30 day wait notice on application... Took 3 weeks but I got approved with scores in the lower 600's. Cant remember the exact scores but they ARE in creditpulls. Limit was 2k.

Been putting off credit repair, applications, pulling reports, and CLI requests for a the last 4 or so months.... Last week my little brother (whom works at tires plus) told be his store had a challenge to see who could get the most credit apps done. The winner gets a bonus of some kind. So, he asked if he could run my credit through. Got approved for $1400.00 from CFNA. Made me think, so I pulled my reports to see whats happened over the last few months. Got CLI's from Macy's ($300 bumped to $1000) that I never knew about... Got pre-approved from BofA for a Visa Gold took the offer and was given $1500.00 Opened a checking account with BofA (was tired of wachovia treating me like I wasnt good enough) And to top it all off, I noticed two of my "baddies" fell off all three reports sometime in the last 4 or 5 months! Its pretty sweet to know that even while you take a small break, the things you put in motion over the last year continue to take effect. Now if only I could get my util down a little faster, and get those student loan lates off.

Um, I have an AU on my Amex card too... The account was/is not joint. As for the OP, Amex reports to your AU's report same as yours, but it takes forever to show up.... BTW, I would NEVER just let my friends become AU's, Family Maybe..... Friends, NOPE. Oh yeah, and if you chose to add a friend as an AU on AMEX< they sill send the card to your friends address and you will have no notification of use unless you watch your accounts daily...

Date opened has nothing to do with reaging the account do you HAVE a report from prior to their agreement? Yep Were they listing then? Nope, they never even Pulled What else did their letter say? Letter stated "this letter is to confirm the settlement agreements regarding you existing accounts. The payment terms we have agree;d to as listed below Total Amount $212.00 Due Date: 11-25-2006" Then its got the mini miranda. ETA: and of course as mentioned earlier, had the disclaimer about not reporting to the cra;s as stated in the original post.

Not sure if I even have a card to play here but... MCM agree'd to a PFD in November for a peanut debt ($212), one of their reps sent a letter on MCM letterhead which states that "your credit report will not be updated if the federal reporting period has expired, or we have not previously reporting on this account". At the time of the settlement their offices had NOT reporting any informaiton to the CRA's. On 12/20/06 aparently this agency used their E-Oscar sytstem to update the accounts to EX and TU showing the account opned on 9/05 (original debt occured on 4/01), listed the account as a Collection on TU and an installment on EX, and updated as PAID IN FULL on 11/06. The management and compliance dept of MCM as of this date claim they are unable to remove the reported trades without me supplying them original copies of my credit reports, and state even if I do so it would take them upto 30 days to resolve the matter. I'm not sure I can go after them for re-agin the accounts because they purchased the debt on 9/05, is there a way I can go after them for false or deceptive practice under the FDCPA for promising a PFD and not keeping the agreements? Or would this fall under deceptive/unethical practice under the FCRA?

IF the disputes were just started, it means the history was removed pending completion of dispute. The score may very well drop back down. Generally when purchasing FICO, its best to wait until all disputes are finished, all new accounts are reported, and payments have been made on currently active accounts for the month. Otherwise the $38 is pretty much wasted.

Thanks... Hooters had nothing redeeming about them in my case. $79 AF, 29% APR, $1300 limits, and couldnt use Yodlee to monitor the accounts... Dont get me wrong. Merrick was there for me when I NEEDED a tradeline to help rebuild. The whole point of the thread is I feel like I'vehit a milestone by actually being able to Close out an account because I dont like the card or their terms, without worrying about UTIL or whethere or not I can get the terms I want because my credit sucked.

Well, My hooters card was coming up for the $79 AF next month... Got my Chase Freedom, Amex Blue, Amex Delta, and a bunch of other cards over the last few months so I knew I didnt need it anyway. Called to talk about the AF and an APR reduction (was $79 AF and 29% APR), was told they may be able to reduce the AF but not get rid of it, and they couldnt even discuss lowering the APR or reducing the AF without a Hard! SO, had to let it go... And to be honest... I wish I never jumped on the hooters bandwagon in the first place... I basicly paid $79 for a trade line for one year that I never really could've used. GOODBYE HOOTERS! Your rewards SUCKED anyway!

The average of all scores is 678, however the MEAN fico score is 720 IIRC. Meaning Most americans fall at 720.

Congrats on the partial 600 club!

First try to get a hard copy of EACH reporting agencies report. Then look at the adress's and personal information to make sure its accurate. I've found that 9 out of 10 times Fico cant pull your reports its due to innacurate personal data, or a FA on your reports.

Chase takes FOREVER to get decisions to people... It was just shy of 3 weeks for me from App to recieving a card IIRC. But I had no idea I was approved and NO one in their call centers could tell me anything other than to wait.