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  1. Credit News

    Credit-related news and articles

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  2. Advanced Credit Topics

    Advanced credit topics such as high-value credit limits, rewards cards and strategies for maximizing rewards

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342,500 topics in this forum

  1. amex

    • 3 replies
    • 658 views

  2. millcbs

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  3. advise me please!

    • 1 reply
    • 585 views
  4. Macy's Dumped Me!

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    • 1 reply
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  5. Strange TU report online

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  6. Judgement Question

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  7. Chargeoff/Pastdue?

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  8. Your neighborhood affects your score

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  9. Amex personal loan offer

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    • 668 views
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  10. Discover paid charge off

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    • 513 views
  11. Innovis

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  12. LOC MBNA?

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  13. Auto Refinance question.

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  14. Bumpage LUCK!

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  15. RE: Yahoo Group Info

    • 14 replies
    • 971 views
  16. MBNA line of credit

    • 7 replies
    • 889 views
    • 19 replies
    • 1,286 views
  17. Experian Bumpage??

    • 8 replies
    • 1,022 views
  18. Nice Place you got here!

    • 4 replies
    • 449 views
  19. Former Account Number?

    • 8 replies
    • 678 views
  20. PrivacyGuard score

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    • 750 views
    • 21 replies
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    • 7 replies
    • 621 views
  21. Amex - my Retention experience

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    • 1,408 views
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    • 5 replies
    • 1,121 views
  22. FYI..Thanks, Why Chat!!

    • 2 replies
    • 391 views
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  23. Bobby's blackmail!

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  • Our picks

    • My son in college, playing baseball was injured and sent for an MRI. They used my insurance information. I never received a bill. I was expecting the school to cover the bill since the baseball coach and AD sent him for the MRI. Anyway, we recently pulled his credit file and its showing as a collection on his reports. I disputed as "not mine" but it came back as confirmed.
       
      How do I proceed????  contact the school 1st? Why Chat do I just follow your procedure?
      • 9 replies
    • Here's where I am.  My goal is to get my credit score to 650 for a mortgage and I currently have a 620 (after initial disputes).
       
      Opt Out Done Dispute Addresses Done Initial Dispute Done I did not dispute any medical accounts (i don't have the money to pay them offc  
      The initial dispute went fairly positive I would say 50% of all accounts that I have were deleted. I guess where I'm stuck is what do to next for thr accounts that were validated.  They where things like utilities and credit cards.  I'm far outside my initial 30 days and some accounts are within their SOL.
       
      Thanks!
      • 14 replies
    • I got a letter back in June of 2015 from Weltman, Weinberg & Reis out of Ohio  saying they were trying to collect a debt for Progressive insurance in the amount of $2700. This was related to a motor vehicle accident that I wasn't even involved in. Someone was using my license plate on a motorcycle that I sold him without my permission and he had no insurance or registration. It was a pretty standard debt collection notice but I hadn't yet started writing my own letters so I hired a local attorney to send them a request for validation. They never responded to his letter but they did try and collect a couple months later. The attorney called them and advised them they were way outside the 30 days and were in violation of the FDCPA. 4 years go by and I get a certified letter saying I'm being sued by the same debt collector except now they have tacked on another $3000 making it $5700. The original incident took place in October of 2013 so we are only a couple months away from the 6 year statue of limitations. If they are trying to scare me its working and I am more than pissed off that this is coming back around again. I am going to talk to a new attorney on Wednesday but this seems to me like a clear cut violation. Then I realized the debt collectors address is now Philadelphia and that is where I have been getting dozens of calls from over the last couple months, also violations of the FDCPA. I'm also considering contacting the FTC and the BBB but I wanted to talk to the lawyer first. I kept all the correspondence from 2015 also. Does anyone have any input or advice for me?
      • 31 replies
    • I wanted to file chapter 13 to get out from under credit card debt. I defaulted on all the accounts a couple years ago. I’m married and my husband and I have separate accounts. His bills are current and mine aren’t. The problem I’m having is they’re making me include his income for the means test but they won’t let me include his debts. So there’s no way I can afford what they say I have to pay. Is there anyway around this?
       
       
      Sent from my iPhone using Tapatalk
      • 12 replies
    • I filed for Chapter 13 back in 2002. It was discharged about two years ago. It has fallen off two credit reports and I'm sure you can guess the one that it has not. My question what paper work should I keep if any in relation to my BK? By the way after it fell off my scores are in the high 700's.
      • 5 replies
  • Posts

    • Welp, guess I won't be hustling to get citi cards anymore... 
    • Just because 7% UTIL reports doesn’t mean that you’re paying any interest. That’s just the balance reported when the statement is generated. You still have a few weeks to pay it off without paying a cent of interest. 
    • 5 weeks ago Home Depot incorrectly reported an interest free offer one month early.  The accrued interest was applied and sent balance over the credit limit tanking my DW's score 50 points down to 635.  At the same time we were less than two weeks away from completing a cash-out refi for the sole purpose of paying off short term and credit card debt.  The Refi closed and we paid off $89,000+ over 8 credit lines including Citi Advantage, The Home Depot, American Airlines Card, Pen Fed, AMEX, USAA, SoFi and Lending Club.  The Home Depot was the first card to update/report and her score dipped 4 more points to 631.  three more cards reported $0 balances and another drop of one point to 630.  Since then one more has reported a $0 balance and her score finally jumped to 665.  Two more accounts that were paid to $0 have yet to report.  Fico score simulator said paying off $89K of debt in one month would raise her score 102 points.   She has 57 points to go if FICO Score simulator is accurate. I'm not seeing it happen since the two remaining accounts total about $18K.  I emailed FICO Customer support and they said:   "The simulator and simulated score(s) are provided for informational purposes only and are intended to approximate the impact of various scenarios on your FICO Score 8 - assuming all other factors stay the same. Your actual score, and the impact of any actions taken, results from a complex interaction of FICO's scoring methodologies and the information on your credit report, some of which changes daily. Please keep in mind that is typically not recommended to pay your credit card balances to $0 as it may cause your score to decrease. High achievers typically utilize an average utilization on all credit cards of 7% every month. Also keep in mind that when normal changes are applied to report, such as credit card balance updates it is normal for scores to fluctuate up or down 1-15 points."   She has about $99K total credit line with about $19K balance still remaining over three cards.  She is contemplating borrowing from her retirement account the remaining $19K at 6.57%.  She just received a balance transfer offer from Pen Fed ($22K CL)  for 0% for 12 months.   Comment:  I am stunned that paying down balances $89K cause her score to go down.  She has AAoA over 12 years with ZERO late pays and good distribution of accounts.   Question:  FICO's statement saying high achievers utilize 7% of all accounts every month.  Does that mean 7% on every card or 7% of $99K = $7000?  Meaning I have to pay interest  on $7K every month?  That seems like collusion to me between FICO and the creditors that we are forced to carry balances to earn a higher credit score.  Should she use 48% of the CL on Pen Fed's Interest Free offer and rest from her retirement account?    What am I not seeing?  

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