WyzOne

A friend fell behind and got 90-day late status with a BofA mortgage. They are going to catch up this week, and hope to refinance in the next 6 months anyways. Question is, is it possible to get BofA to change the reporting of the account so it doesn't show 90-day late? Will they do it as goodwill? Or any other suggestions on how to clear it up? Thanks

A buddy of mine has entered a contest. When you see the video, you'll understand what he want's to do with the winnings. (I don't want to ruin the surprise) ;-) He is by far the most compelling of the entrants that I've seen, IMHO. To win the contest, his youtube video has to have the most votes (comments on youtube). So please, if you can: Watch his video. Rate it 5 stars. And leave a comment. (Limit 1 Comment per day per person for each "vote".) Feel free to share it with anyone you know too. http://bit.ly/nPeIE or if you don't like clicking on bit.ly links, the direct link is: Thanks everyone! P.S. I hope this post doesn't violate any rules.

Hum, maybe this is a reason for me to get a Macy's card finally. The only one that checks my reports frequently (not as frequent as macys though) is AMEX.

I got a letter the other day offering to refinance an auto loan for as low as 3.99%. (it's also on their main page). Does anyone have their auto loan through US Bank? Has anyone refinanced with them? Anything that should make me think twice about dealing with them? Paperwork to much of a pain? Are they very hard to qualify for the lowest APR? My current loan is at 7.95%. This could save me a bit over the next few years since I'd be eligible for the .50% reduction since my car is considered an EPA Smartway vehicle. I'm NOT upside down on my loan, just looking to maybe save a few bucks. Having never refinanced a vehicle, feel free to add anything in general. -Wyz

I would never trust Chase (or any bank) to honor an Opt-out that a consumer makes by phone call. I will always Opt-out in writing CMRR. I want to be able to prove I met the deadline required to avoid a change in terms. They did send me a confirmation letter when I closed the account stating that the terms had been locked in (or something to that effect).

Also of note from the conversations, was that even if you opt out of a change, if the card continues to carry a balance, they can change the terms, and you will have to continue to opt-out of any future notices each time.

To put this thread to a rest, I talked to chase today. They said they changed the APR back as a courtesy, and that they will not adjust the finance charges for what they billed, since it wasn't a bank error. Lame.

Well, I haven't received any notice yet, but looking online under the account details, I see the APR is back down to 6.24.

Background: I have a chase biz card that was at 7.99(v). They sent a notice months ago that they were going to increase the rate. I called and declined the change in terms and closed the account, leaving the current terms in place. After I had closed the account, the APR had declined a bit more and had been sticking around 6.24 for the last few months. Today, I come home and open my statement. Just glancing over it, I saw the interest rate was at 13.99! I call them up right away and the representative informs me that they do change terms on closed accounts, and that I would have to keep re-opting out from time to time as I receive them. I never received any notice and told her such, and she said she would put in a request to that department to "see if they _could_ change it back" and to check back in about 10 days, but it can take 2 1/2 weeks. She said the notice was sent between June 30 and July 9. (I never got anything, and I watch my mail like a hawk for notices from chase). So, I'll wait to see what happens. They have got to be the sleaziest company I have ever heard of. I knew they were bad for years, but this is crazy. A couple of weeks back, they sent out a privacy notice on a personal card, and at the bottom of that notice was a little blurb about there were other changes to my account enclosed. Sure enough, they were changing APR and such on that account, not sending it in the usual letter, but the junk mail looking privacy notice. Anyone else feeling the love of chase lately like I have? Chase makes Bank of America and Wells Fargo look like credit unions. -Jeff Also, this was tricky... the minimum payment increased only 7 bucks. But the interest was a difference of almost 30 from the prior month. So, if someone wasn't looking closely, they wouldn't think there was a big change, and in the end, it's $20 or so a month that isn't going towards the principal balance. Sneaky.

Just checked mine, still the same day it's been for 5+ years.

Since there isn't much info on how well they work, I thought I'd post my experience with them today. I've had the card since 2006 and at the time of approval it was the lowest limit card I had. At the time, the only thing it offered was a 0% for a year. I used it a little, PIF and then put it in the sock drawer. The regular APR wasn't bad, but not great either - around 9%. It stayed in the sock drawer for a while. After a while, they upgraded the card by adding a rewards program to it. I get better rewards with AMEX. Then I played the retention game of chicken sometime last year and got them to put the CL up to 5k. (double the original line). Still didn't use it much except for a little fast food or something. In Nov or Dec last year they jacked the APR up to 17+%. I didn't use the card, so I didn't really care. So today I called looking asking to close the account and they asked why. I told them that after the rate jacking last year and the low credit line, I'd rather not have the card. The girl asked if I would be interested in keeping the account open if they could lower the APR. "You're welcome to try" I told her. She comes back on the line a few minutes later saying that they were going to transfer my call to a Specialist who would work on getting the APR lowered. After a few more minutes, the next rep came back with a Fixed APR of 13.99 (down from 17.24 variable). Better than nothing I suppose. She said to call back in 6 months to try for another APR decrease. Next was the CLI, and she said that if I wanted an increase, that it would require a hard inquiry and need to be reviewed. I told her I didn't want another inquiry, and asked if there was anything "pre-approved" she said that my account is pre-approved for an CLI for about 3k. Not bad for 10 minutes of my time. Not a bad experience either time I've talked to them either.

Bank of the West: 5.99 (non-promo, includes rewards program)