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  • Our picks

    • Last week I got an email that my Target Redcard was closed due to inactivity and this week I got an email that my Discount Tire card was closed. Both have been paid off over a year.  Never late on either.  CL on target was 1k and on Discount tire 800.  Not a huge thing for DT..but still.  I was getting close to needing new tires on my car in a few months.  Had Redcard since 2006.  Used it a whole lot back in the day when I had 3 kids to buy supplies and clothes for.  Now it was last used over a year ago probably for christmas or something.  I guess my credit will take a hit now?  I have about 3 more cards that are paid off and I'm sure they aren't far behind closing them either.  No lates on those either.  I've just been really concentrating on paying off the cards I still have with balances on them from.  
      • 20 replies
    • TL;DR at the bottom for convenience. Thank you in advance for any help at all.
       
      Hey everyone. I’m a long time lurker and user. I started lurking around high school in 2006-2007, with my undeveloped brain trying to build up credit and supercharge my sign up bonus potential.
       
      In 2014, a close family member passed away from cancer. I used my credit to help pay that debt so that treatment went uninterrupted. At one point the bills got so high, that not only could I not pay them back, but I couldn’t even pay for them as they exceeded the limits of my cards. Debt and credit limits meant nothing to me in a bid to save my relative.
       
      I’m no stranger to WhyChat’s dispute process. Years later, and many whychat dispute letters, I’ve unsuccessfully removed only one collection out of a handful (tried this process a few months ago).
       
      Some of these collections and charge-offs are linked to business cards and auto leases.
       
      Fast forward, I tried something new and managed to get my business addresses removed from every CRA. TU and EX confirmed removed, with EQ still pending but should be successful as well.
       
      I’d like to start one thing at a time and focus on removing any collections and negative accounts related to those business addresses. Should I send dispute letters out again even though I was just denied a few months ago, prior to the address deletion?
       
      Next issue is certain collection agencies have been increasing the balance of my collections every month by $20-70 probably to actively hurt my credit. Collections that were set to expire 2021-2023 are now 2026. For anyone wondering the name of this virulent collection agency, it is Cavalry Portfolio. [im desperate to find the light at the end of the tunnel
       
      TL; DR: business Addresses linked to old collections and charge offs successfully deleted. Should I resend the dispute letters or so them online, since it’s pretty a straight forward mismatch of information?
       
       
      Sent from my iPhone using Tapatalk
      • 10 replies
    • I elected to pull the trigger on the new United card the other day.  As expected, there was a pull on EXP.  No instant approval.  I see a pull from the following day on a different bureau (TU). 
       
      I am curious whether this is becoming their new normal.  Recording still has the 'under review' message.  
       
      Scores at the time of the respective pulls are somewhere between 820-838 depending on just which flavor of Fair Isaac modeling was utilized...and as near as I can tell, I SHOULD be under 5/24 since the one that would have put me at 5/24 had been opened in the early part of June 2018 (thus being OUTSIDE of the two calendar year window). 
       
      Last time I opened a non-auto product with them was in the days of the Continental PresPlus card which I ditched after the merger with United.  I actually only expect to keep THIS one for the year since the fee is waived in year one and I want options for the airports that don't have a Centurion Lounge. 
       
       
      • 12 replies
    • Hello, I've been playing with my cc debt for a while now. I've opened new 0% accounts as suggested on these threads. When the 0% is over I transfer it to another one with 0%, accounts that I already have open. Now with the situation that we are all in, it's going to be a little tougher to pay more than close to the minimums. We owe a total of $25k, I've also worked with my DH's available credit for the 0% cards. 
      I am so tired of this debt! Our credit is good over 700's. I've thought about a personal loan since we receive lots of promotions on these, are these loans personally guaranteed? 
      Years ago they weren't but so much has changed. 
      Thank you for all the suggestions. 
       
      • 15 replies
    • First thank you for all the knowledge posted here, I have followed CB off and on for over 10 years. 
       
      So here is me current credit Pic and I don't know what approach to take... except getting credit one and the AT&T charge offs removed.
      Once I receive me new unsecured Cap 1 I'm hoping that gives me a score bump because I really don't have any open accounts as you can see. Discover said no to their secured card 😢 I have been a member of NFCU since 97 but my account is dormant just need to deposit money in savings to make active. But I was thinking I need to wait until I clean up my TU and bring scores up before trying for their secured card.
       
      I'm assuming the student loans are hurting me but didn't want to contact them until I got better guidance from you all. 
      I could desperately use some guidance from you all
       
       
      Fico 8 eports & scores as of March 10 
       
      Experian 558
      Citibank AU $6500 limit $4977 =76% usage  - 9 years old never late - I disputed this account due to usage being high and it was removed- no change to my score 
      Belk AU $9000 limit $1666 balance = 20% usage- 20 years old never late
      Care Credit AU$4000 limit $0 -no usage - 8 years old never late 
      Sears - closed AU no negatives 
       
      CarMax paid closed $19,117 -opened 4/14 closed 7/15
       
      Acendium student loan 44 lates CO $2872 updated 8/16
      EDSOUTH student loan 10 lates CO $1750 account transferred to another office last update 8/16
      EDU SERV OF AMER student loan CO $1984 account transferred to another office last update 12/14
      FED LOAN SERV- closed exceptional payment history 5/15
      GLESI/ Bank of America -closed exceptional payment history 2/12
       US DEPT ED/ GSLI closed CO $1017 seriously past due last updated 2/20
      US DEP OF EDU/ GSLI closed CO $2701 seriously past due updaye2/2020
       
      Inquiries 
      Cap1 3/20 - unsecured card $300 limit in mail 
      Discover 3/20 - declined secured card 
       
       
      TU 509
      Belk - same 
      Care credit - same 
      CreditOne -paid- closed unkown payment history -CO bad debt updated 1/17 
      Discover -same
      Sears-same
      NFCU AU- closed updated 5/23 $20k limit exceptional payment history 
       
      Carmax-same
      All the same student loan info 
       
      Collection 
      AT&T  Mobility $1206  collection opened 9/18 updated 2/20
       
      Inquiries Cap 1
       
       
      EQ 535 
      Citibank same 
      Belk- same 
      Care credit same 
      Creditone same 
      Discover same 
      NFCU SAME 
       
      CarMax same 
      Credit union atl $3803 CO auto- opened 4/11 CO 12/14 - consumer disputes 
       
      EDSOUTH GLESI SAME 
      EDUC SERV AMER same 
      FED LOAN SERV same 
      FED LOAN SERV same 
      US DEPT EDUC same 
      US DEPT EDUC same
       
      Inquiries 
      Cap1 same  
      • 33 replies
  • Posts

    • Vantage scores are significantly higher in the upper range vs FICO. They are competing companies that generate credit scores for use in decisioning.  Very few lenders use VANTAGE. There is no comparison.
    • Having taken the time to read through this thread for the first time tonight, I'd appreciate an update on what's transpired with CPS in the last two weeks.   CPS is the best agency to rely upon as a "principal actor" in this instance.  I would have hoped that between the psychologist report and an interview with the teen (Ethan), CPS would have ample cause to initiate a thorough investigation.    FWIW, I don't think an online petition that's signed by non-witnesses to any alleged activity/abuse/neglect will carry any weight whatsoever in this matter.  (And that's why, though I am very sympathetic, I've elected not to sign.)   (Just as a matter of a bit of personal background, at the age of 13 I sought removal from my mother's household through a state social worker.  This was a matter of her incapacity, not abuse.  Fortunately she admitted to the situation and I was promptly moved into foster care, where I remained until I graduated from high school.  My father, an alcoholic, was deemed unfit at the time.  There was a modest push for me to move to his home a couple of years later.  With him, "capacity" wasn't an issue, and having re-married there was greater base for a family lifestyle, but his continued alcoholism presented a instability such that I voiced objection and my "voice" won out.  That's simply to say, yes, a teen can have a strong voice in the matter of where he/she lives ... but, obviously other factors get weighed in the balance.)
    • Well, you can take a signature loan (i.e. "personal" loan) from LightStream for any purpose.  However, LightStream does issue auto loans (where the auto is security for the loan).  Generally speaking, the auto loan rate will be lower than that of a signature loan.
    • From my perspective (having closed on a new auto loan Friday), given the magnitude of the transaction I held off on any other credit activity for a full month until my auto loan closed.  My FICO 8's are in the 800's, so there wasn't likely any credit score aspect that would impinge on my auto loan prospects.    Still, simply as a matter of prudence, I wouldn't apply for a credit card while anticipating making an auto loan application, unless waiting on the credit card app incurred some type of significant financial penalty (and even then, I'd think twice about it).
    • In an earlier thread I've suggested that one might consider the FICO 8 score model and the VantageScore 3.0 model as 2 different judges at a gymnastics competition. Two separate judges at a meet are evaluating the same performance data along similar criteria.  However, each judge weighs various factors differently in scoring a contestant.  Sometimes the judges assign a similar score; sometimes the scores differ significantly.   As far as your latter remark re the possibility that the scoring under each model likely occurred on different dates, that's likely a contributor to the score difference as well.  However, unless something rather significant occurred in your credit history most recently, the difference is likely better accounted for as being related to nuances specific to each model whose score is being reviewed.

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