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

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  1. letters

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  3. NEW BIZ CARD!!!! (RAMP)

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  • Our picks

    • My CL with Amazon/Synch was $9,900.  It's been 8 or 9 months since my last CLI request, so I asked for $15,000.
       
      They gave me an extra $100, bringing my line up to $10,000.
      • 8 replies
    • I am asking for my son. We live in California.
       
      He applied for a mortgage on May 10 and they did an inquiry. The lender wasn't a fit and he went to another one and they did an inquiry last week. His score didn't go down with Equifax or Transunion, but it dropped 26 points with Experian.  He's upset and doesn't understand why his score dropped like that. I told him I'd ask the question in hopes to figure things out.
       
       
       
       
      • 22 replies
    • I thought that I would do a pre qual with GS Marcus for a personal loan for kicks. I have a GM Mastercard and GM business MC with them that I just got within the last 2 months. CLs are $13k and $5.5K, with $0 balances respectively. I wouldn't have accepted it even if I got approved. Interesting to know that these decisions are based on more than just credit score.
       
      • 15 replies
    • My car was totaled in a minor collision and it was my only means of transportation. Now I'm really nervous about being able to finance a new vehicle with my current credit scores. Here is where I am at:
       
      - The car had one missed payment at the end and I was a cosigner on it. My insurance paid off the $840 dollars remaining on it, but it is still showing on my reports as a charge off with a balance of $840.
      - I also have a collection for $2800 with CAP1 that was settled last month for $1,100 and is being paid in three payments.
      - I have two other collections, both for an old apartment. One is for $2,900 and one for $750. These two hit the 7 year mark in July of this year.
      - My TU score on CK is at 561, EQ is 628.
      - My EX FICO 8 score shows as 686. This score doesn't show the charge off for the car or any collections.
      - After the car was totaled I have about $5k for a down payment and could probably push it to $6K if needed.
       
      I know this is far from the best place to be for purchasing a vehicle, but am I in a really tough spot, or am I overthinking it? I'm not expecting a great interest rate or anything, but I am nervous about actually being approved for anything. 
      • 68 replies
    • Jen’s Index
       
      First of all, the idea for this post totally came from Sassy (thank you!) and her post here: http://creditboards.com/forums/index.php?showtopic=14797
       
      Since her post 2003, there has been a lot of great conversation and changes, so I thought I would update it with my own spin and my own links. Use whichever works best for you But, I also used a few links that are in her index. The classics never die.
       
      Nothing I could say here could totally cover every credit repair topic or situation out there. In fact, I’m not trying to. The purpose of this write-up is to provide an outline for beginners on where to go to gain the knowledge they will need for their credit repair journey. A "where do I start" primer.
       
      If you are simply looking for a place to get a sample letter to copy/paste (c/p) and send off, then close this thread now, this isn’t it. The most effective letters are ones you write yourself, tailored to your own situation, and written knowing why you wrote what you wrote.
       
       
      Here is a good read about the type of consumer CB can turn you into:
      http://creditboards.com/forums/index.php?s...=263781&hl=
       
      I will only link CB threads in this index (outside the FDCPA/FCRA /govt links). I have found invaluable information also off CB, but to keep things simple, CB is the only place I will reference in this thread. On my own site, I have been working to expand this index to other sites, giving credit where credit is due.
       
      Lastly, there are so many awesome threads that I had book marked (computer crash) and no longer have, or I have missed over the years. If yours is one of those that deserved a mention here, but due to my oversight was missed, you have my deepest apologies.
      • 85 replies
  • Posts

    • An overpayment of that magnitude would readily buy an annuity that would pay out his monthly income and more.  (Getting by on CD interest may be the more prudent investment given the threat of inflation.)   My money is on a quick scramble to Bolivia ("convenient" and reportedly doesn't extradite except in extreme circumstances).
    • I was in a fervor over the RIVN IPO.  Everything about its promise appeared to be a game changer.  Unfortunately, I acted too late to position myself to get in on the original offering.  Neck saved on that one.    I'm inclined to bet against the headwinds RIVN now faces and buy in.  What holds me back is my more recent track record ...   I've always been a conservative investor and, aside from dabbling in the flailing of AAL, only hold funds/ETF's.  I've largely satisfied myself that the "smart money" is going to beat me by a long shot when it comes to individual security investing.   Then last year we saw our personal net worth jump considerably as a consequence of market gains and straddling two reasonably well leveraged homes.  I decided we needed more "risk" in our portfolio and jumped into a small handful of "up and comers" with 10% of our portfolio.  While average cost presents a kinder picture, here's what the peak cost investment picture looks like:   Security / Buy In / Curr Price   DOCU / $275 / $61 FVRR / $156 / $35 NVDA / $315 / $145   Let's not leave out the pied piper that's leading me by a ring through my nose:  TMFC / $44 / $32 and then there's AAL, with an average buy in of $17, trading at $13.   As noted, against average cost, I'm down 40% on my shares (mostly purchased 4q '21/1q '22).  I'm good; largely secure that the underlying fundamentals are sound and rebound prospects are stronger than the market as a whole..   But my current appetite for "risk" is analogous to one's appetite after biting into a jalapeno.
    • Yes, I concur.   Apple probably avoids being a bank altogether. They have much on their plate already.
    • In fact, misinformation about consumers' EWS profiles can be damaging. A consumer was denied a checking account by a financial institution, and the bank provided her with the reasons cited by the EWS as the primary source of the denial. The person realized she had a fraud alert in her consumer profile, and EWS sold her false fraud alert reporting profile to the bank, which she somehow got. When she mentioned her EWS Fraud Alert status to EWS, they told her she had no Fraud Alerts on file. So this became a lawsuit that EWS lost, and the person was awarded damages given that EWS violated the FCRA by making a false report.
    • Yes. total utilization as well as # of individual accounts with high utilization both matter though to different extents.   
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