wantobuyacar

Ask for a CLI.

Many people had great luck with miracles.

I would like to see Neiman Marcus go back to in house credit writing rather than using HSBC or an outside bank. It was not too long ago that HSBC threatened to close every Neiman Marcus account: http://www.dmnews.com/neiman-marcus-hsbc-f...article/107730/

I thought he wants to keep his GF?

I would avoid Macy's and never shop there. They have poor customer service and will not stand behind their card. This guy had a Macy's card for 3 years with a perfect payment history and a FICO score over 710. Macy's treated him like he has a FICO of 500. http://creditboards.com/forums/index.php?s...451&hl=Macy This guy went to buy his GF a $1,000 necklace. He gave them his Macy's card, and they opened a second account without telling him, causing his FICO to drop because the average age of his accounts went down. http://creditboards.com/forums/index.php?s...715&hl=Macy This guy is getting balanced chased by Macy's. Clean credit report. http://creditboards.com/forums/index.php?s...272&hl=Macy

What happens if you only shop at Macy's a couple times a year? You overpay and then what? You have to wait until you shop again to get your money back? What if you want to pay only what you owe? Do you have to do the math to figure out how much less to pay than the bill so you don't overpay?

"Shoppers who loved Macy's told 7 On Your Side they were nonplused with the store's credit card interest policy. The retail giant was adding interest payments to bills before customers had a chance to pay." WOW. One more reason Macy's stinks. There have been dozens of threads about unprofessional Macy's in the past month. Here are a few to remember. This guy buys a $1,000 necklace and gives Macy's his credit card. Macy's opens a new account without telling him. "Today, I get an alert on my reports about a new account. Macy's put a new installment account on my reports! I didn't ask for that." http://creditboards.com/forums/index.php?s...c=423715&hl This customer with a 710 fico score got treated like someone with a 500 fico score. http://creditboards.com/forums/index.php?showtopic=421451 Why is Macy's this way?

WOW. Take all your money out of the bank before they freeze your account and drain it. I'd also find out where the subpoena came from and if it is legal.

I'd find out what bank owns the landlords mortgage and call them. See if you can pay the bank rent to stay in the property. Or maybe you can work something out to buy the house for what is owed.

I would return the $1000 purchase. Macy's sells mostly lower end goods. For $1000 you can find trully spectacular jewelry at Neiman Marcus or Nordstrom or Saks. If you are spending a lot, why buy from a low end store? I would then demand they remove the new account and inq off my credit report. I'd be prepared to sue over this point. I would talk to a lawyer and be very prepared. They opened an account without your permission or knowledge. Period. It does not matter what is in the TOS of the red card. The TOS of the red card covers the red card, not opening new accounts. THIS NEW ACCOUNT WILL HURT YOU BAD!!! You start with an account with 0 years of age that brings down your average age of credit. Next time you want to apply for credit, you have an inq on your report, a new account, and it is maxed out. Good luck with getting the best credit offers from prime banks. If you don't get a CLI on any credit card you have the next time you ask, remember this account that Macy's sabatoged your credit scroe. I would complain to the Better Business Bureau just like you did in the above post. I would contact the attorney general and tell them of Macy's preditory lending. They opened an account without you even knowing. How can Macy's do that?? How can they open an account without the customer being aware? This reminds me of a story I heard about Sears. Dude walks in and sales associate says "we'll give you 10% off just for applying for a sears card, there is no annual fee". Dude applies, no 10% given off purchase, told it was a glitch in the system, but told you got approved. Turns out Sears rejected the guy and some third company approved the guy with a $79 annual fee and high interest. That is what Macy's did... the bait and switch. We'll give you 0% apr on your redcard, but then they open a new installment account that will not go off your credit report for the next decade pulling your score down by lowering the average age. Look over at myfico. Legnth of credit history is 15% of your score. 15%!!! And that just took a BIG HIT. Another 10% for the inq. That is a lot of damage by Macy's. I believe Macy's did this to sabatoge your credit score, so if you wanted to buy a Saks you wouldn't get their best credit deal with the damage Macy's did.

please read the 4th and 5th paragraph of the following post.. In fact read the whole thing...... But seriously, its not like its hidden. Took me about 60 seconds to find it and that was by reading from the start!... Summary, a new accout type is an extenstion of credit. "We report each Account Type you request on your Account separately to the credit bureaus" Can you highlight the part of the TOS that says Macy's can open a new account without telling the buyer? Nowhere does it say that if someone applys for a credit card, that 2 years later Macy's can open a major purchase account without the cardholders consent or knowledge. The guy who started this thread didn't even know Macy's opened a new account until looking at a credit report. The salespeople told him it was going on his existing credit card, not a new account. Macy's is subprime. Taylinth happens to be absolutely correct and you've adequately demonstrated in this thread that you're not particularly credit savvy. For the OP to have made a no interest purchase, it would be subject to completely different terms than their regular revolving account. This is rather "basic". Perhaps you should brush up on your credit knowledge and spend more time in Creditboards' "remedial credit basics" section................ I do not believe it is legal for a creditor to open an account without the permission of the customer. This would be like a customer at Best Buy applying for a card, and having HSBC open a Neiman Marcus account in addition to the Best Buy card. ............WRONG ! You are clueless. If the customer is making a "major purchase", which is interest-free, and is subject to different terms than the standard revolving account, by virtue of the customer agreeing to the purchase and the terms, the customer is giving implicit consent to the "secondary" account. Did you even read the Macys incorporated agreement provided by Taylinth ??? Do you ever bother to read the terms & conditions when you sign an agreement or use a card, evidencing acceptance of all such incorporated terms contained therein ??? Mayc's MUST have your permission to open an account. I do not care if they call it a credit card, charge card, or major purchase account. They MUST tell you they are opening a new account. The agreement for the store card is irrelevant. It is not an agreement for a major purchase account. There is no implicit consent. How can there be consent if the customer does not know a new account is opened? You know how some stores ask for your phone number and address at checkout? How about if they use that information to open a credit card in your name without telling you? Just because OP paid with his store card does not give Macy's the right to open a new account WITHOUT TELLING HIM THEY ARE OPENING A NEW ACCOUNT. Do you understand? The OP did not know ANY of the terms of the new account. All OP knew was "you're getting 0% because the amount is over $xxx.xx". If I was the OP, I would sue Macy's on principle just to prove they are wrong, wrong, wrong. And I would get the newspapers the story about Macy's opening an account without the customers permission or knowledge. I'd like to see what would happen to Macy's sales in 2010 if that story was on the Today Show.

please read the 4th and 5th paragraph of the following post.. In fact read the whole thing...... But seriously, its not like its hidden. Took me about 60 seconds to find it and that was by reading from the start!... Summary, a new accout type is an extenstion of credit. "We report each Account Type you request on your Account separately to the credit bureaus" Can you highlight the part of the TOS that says Macy's can open a new account without telling the buyer? Nowhere does it say that if someone applys for a credit card, that 2 years later Macy's can open a major purchase account without the cardholders consent or knowledge. The guy who started this thread didn't even know Macy's opened a new account until looking at a credit report. The salespeople told him it was going on his existing credit card, not a new account. Macy's is subprime. Taylinth happens to be absolutely correct and you've adequately demonstrated in this thread that you're not particularly credit savvy. For the OP to have made a no interest purchase, it would be subject to completely different terms than their regular revolving account. This is rather "basic". Perhaps you should brush up on your credit knowledge and spend more time in Creditboards' "remedial credit basics" section................ I do not believe it is legal for a creditor to open an account without the permission of the customer. This would be like a customer at Best Buy applying for a card, and having HSBC open a Neiman Marcus account in addition to the Best Buy card.

Quoted for future CB'ers to view Macy's stance on credit. Taylinth is a Macy's credit supervisor. If Macy's wants to open an account in your name without your consent or knowledge, Macy's calims they can do it! This is true for ANY creditor. By law can i do it? YES! If i knew your account number I could pull it up, pull your CR, drop your GL to $1 and pull your CR every day for the next month if I felt like it... However, we have policies against that. If I made any alterations to your account without provocation I could/would lose my job. The point I am making and your obviously not getting. Is by law there is nothing he could do in this case. WOW

Quoted for future CB'ers to view Macy's stance on credit. Taylinth is a Macy's credit supervisor. If Macy's wants to open an account in your name without your consent or knowledge, Macy's calims they can do it!

please read the 4th and 5th paragraph of the following post.. In fact read the whole thing...... But seriously, its not like its hidden. Took me about 60 seconds to find it and that was by reading from the start!... Summary, a new accout type is an extenstion of credit. "We report each Account Type you request on your Account separately to the credit bureaus" Can you highlight the part of the TOS that says Macy's can open a new account without telling the buyer? Nowhere does it say that if someone applys for a credit card, that 2 years later Macy's can open a major purchase account without the cardholders consent or knowledge. The guy who started this thread didn't even know Macy's opened a new account until looking at a credit report. The salespeople told him it was going on his existing credit card, not a new account. Macy's is subprime.