ppc

It is my understanding that both consolidation and rehabilitation brings the accounts out of default. The consolidation pays off your old loans so they are no longer in default status and the rehabilitation just removes the current default status. Neither of them removes any late payment indicators. Consolidation doesn't require 9 months of payments. So what's the benefit of rehab?

This seems to contradict that: I may not consolidate an existing Direct Consolidation Loan unless I include at least one additional eligible loan in the consolidation. I may consolidate an existing Federal Consolidation Loan without including an additional eligible loan in the consolidation if I am: • Consolidating a delinquent Federal Consolidation Loan that the lender has submitted to the guaranty agency for default aversion, or consolidating a defaulted Federal Consolidation Loan, and I agree to repay my new Direct Consolidation Loan under the IBR Plan, the Pay As You Earn Plan, or the ICR Plan;

Where does it say that? Promissory note quoted above says you can consolidate a consolidated loan if it's in default. Do you have experience with a defaulted consolidation loan being unable to be reconsolidated?

I can't seem to find a limit which begs the question: why can't someone default, consolidate and default, consolidate etc. over and over? I'm looking at the promissory note and see this:

Do they ask for income verification for the business CLOC and CC?

What if we changed the scenario a little? Son has the good credit and will lease in his name, father has cheaper insurance. If father is not on the lease, can son add his name to father's insurance and do it that way?

Anyone else experience this? Amex used to soft hit my credit report every month, but now it's once every 3-4 months.... Does that mean they like me?

Just cause it "cleared" does not mean anything. Without question the fact that you used a balance transfer has been noted on your account for risk purposes. It's playing with fire. Taking advantage of an issuers BT offer is a lot different than a cash advance. I wouldn't worry about it at all. I have heard the same types of crazy stories with BT's.

Just cause it "cleared" does not mean anything. Without question the fact that you used a balance transfer has been noted on your account for risk purposes. It's playing with fire.

Yeah, I will echo what others have said - that's probably what it is. It's been well known for years now that cash advances are not looked at positively by the issuer. Why they go crazy offering them to you? Maybe they want to see who is the higher risk Live and learn. NEVER take out a cash advance again.

Thanks so much. Exactly the information I was looking for. I just never found it appealing to put money down for a car lease(except for first month and taxes etc.) If I need to, I will. Problem is you have never had any installment loans which actually hurts. Also what type of job do you have at 20 that makes 8k a month? I know i am being nosy but that seems very high at that age. I have my own business. Thanks for the compliment

It was one of my smaller balances

I had it on an FIA card this past month, some random day they updated my balance - not after the statement closed.

If a lender saw that you were at 50% utilization, do you think they would feel inclined, given the credit environment to give you a credit limit increase? 50% is way too high. Capital One might have declined you because of it. I wouldn't be shocked if other banks would cancel/AA your other cards or decline you for new credit as well.

The limit does not report. Call up CS and ask for the card to be converted from a signature card to a platinum card and the limit will report. I know that it's a visa sig. But my highest limit on personal cards is $30k, which they matched. The second highest is penfed at $20k. So I'm still happy about the higher limit, and the fact they approved me with like 6 INQs on EX in the past 6 months and 2 new accounts. But yeah I wish it reported! You will soon be glad it DOESN'T report. Why?