You're in debt and don't think you'll ever get out, maybe got some late payments, but are trying to work something out so you don't completely trash your credit. Discussion of Debt Management Programs, debt consolidation, settlement and consumer credit counseling programs.
Well, I just got one of the better scam emails. An email direct from Paypal for an invoice I never authorized. And yet, it had my actual name and the originating address was paypal.com
Don't be fooled. Like the guy in this article, I called the number on the email after first logging in and verifying the phony invoice was pending. It became obvious the guy I was talking to was feeding a line of crap designed to scare me while he had little info other than the ph. no. I used to call him. Hung up.
So, a little searching and guess what. Found this:
This PayPal invoice scam almost got me. Here's how to spot it - Elliott Report
Pretty much an exact match! Annoying pieces of excrement.
Tried again for a CLI with Apple. Here’s the Dear Jane email I received:
Goldman Sachs Bank USA could not approve your request for a credit limit increase because:
You have not used and paid enough of your Apple Card credit limit since your last credit limit increase
Goldman Sachs Bank USA received your credit score from TransUnion Consumer Solutions.
Your credit score is a number that reflects the information in your consumer report. Your credit score can change, depending on how the information in your consumer report changes.
Your credit score (TransUnion FICO® Score 9) as of December 19, 2022:
Credit scores range from a low of 300 to a high of 850.
‘Have a decent line in excess of 20K, pay down every month before balance posts. It would seem odd if the algorithms think I’m not running anything through the card. Usual monthly spend is $1,200 or so.
I have $200,000+ in personal Loans and Credit Card Debt. I am about to stop paying and let them default in March.
All the personal loans are new debt and are 6 months old. The credit card I have had for awhile.
I got screwed trying to start a new business, and can't afford to pay these back. I make $78k a year.
I have access to $150k cash
I don't own a home
Here are my debts
Wells Fargo Credit Card $15k
Wells Fargo Personal Loan $40k
Sofi Personal Loan $70k
Amex Personal Loan $9,500
Laurel Road Personal Loan $30k
Lightstream Personal Loan $20k
Discover Personal Loan $35k
I am trying to avoid chapter 13 bankruptcy.
So my questions are..., based on your experiences, do you think I'll be able to settle all these debts with my $150,000? Or will they not budge since the debt is so new?
Will they just sue me right away and only take the full amount?
Will they consider this fraud because the debt is only 6 months old?
Please let me know what y'all think. Thanks!
PS. Please don't judge, my life is ruined for awhile so I am looking for serious help.
Is there a way to get such alerts apart from signing up for paid services?
I'd love to get a text if any of the "big three" are thawed but haven't been able to figure out a way. There's no such options at their websites and I don't think push notifications (from email) is available either.
Shifter, I had another question. So my understanding is that you're freezing your secondary bureau to dispute a negative item from your report, and the reporting agencies have to follow through on that dispute request because there is no way to verify the information through the secondary bureaus right? Are there instances where this strategy doesn't work and the negatives still stay on the report?
Tried applying for a lease to own application today and got denied. They pulled from secondary bureaus I've never even heard of before. DataX, Clarity Services, and FactorTrust. Two out of the three reported to Transunion and the other states that they only pull from secondary bureaus.
Those who don't like Robinhood seem to use the term as a pejorative, hence its relevance to the meme stocks and the WallStreetBets crowd. I currently use Robinhood but I'm leaning towards making new purchases with Ally and phasing out my poop stocks on Robinhood.
I'm in 100 shares of F now. I do like the dividend right now. I wouldn't touch VZ with a 39-and-a-half foot pole (same for T)
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