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    • Hello good folks,
       
      Background: last October, Comcast locked my account because *a stranger* (mistakenly) paid for it with a credit card, and later disputed the charge with their credit card company and did a chargeback. Comcast made it so I couldn't use any type of credit/debit cards to pay. It took some give months to even expose this issue, as agents didn't know why my account was locked. I cancelled my account but they still wouldn't let me pay. Eventually, they sent it to collections, which very promptly hit my credit history with a "Collections" derogratory record.
       
      Unfortunate timing, because I'm in the market right now for a mortgage. Without this note, my credit history is close to perfect, with FICO8 of 835+, and VantageScore3 of 810+.  With this, the scores drop to about 710 and 760 respectively. Meaning, either mortgage denial or higher interest rate, leading to huge sums wasted.
       
      My questions are:
      1) What is the best way to get this rectified and get this record off my history?  
                  - Is it possible to do a "pay for delete"?  
                  - Should I be talking to Comcast or to the collections agency?  
                  - Is there something I need to to in the interim, like disputing the record?  
                  - What would be the fastest way to deal with this? Ideally, I want to apply for a mortgage in the next week if possible. If not possible, in the next 3-8 weeks.  
       
      2) Are there particular mortgage lenders that use a more favorable scoring so this one single negative record doesn't hurt my mortgage rate?  
                  - My understanding is, FICO8 has this 120+ point drop for the first negative record, while other scores (like VantageScore3) doesn't drop so dramatically. Is this correct?
       
      Thank you very much in advance.
      • 61 replies
    • So my DH had a Citi/Best Buy card that was charged off in 2017. After beginning our credit repair process, I noticed the account was reporting the payment history inaccurately on Equifax and Experian. We disputed many times, then ended up suing them for FCRA violations. They settled the case by forgiving the debt and deleting the account from all reports.
       
      But now they’re back! In 2020, they sent us a 1099-C for an amount just a little bit shy of the balance. I believe it was just the principal balance, which amounted to $4,600. Well, as you know, it’s tax season. And who decides to send us another 1099-C for the same account/debt? Titty bank. They put the full amount of the debt this time; which was about $600 more than the first 1099-C they sent.
       
      I have consulted my lawyer because it seems illegal for them to write off the same debt twice. He has advised we should sue them again. While I’m sure we can win the case, litigation and settlement takes about a year to do, based on our past experiences. It ended up costing us an extra $1,200 in taxes this year. What do y’all think? Should we spend more time and effort on this situation? I’m pretty sure Titty also violated terms in our settlement agreement for the FCRA case as well, in regards to them not pursuing further collection activity.
       
      Any advice would be appreciated.
      • 24 replies
    • I have come across a credit topic involving data point information that concerns AmEx's D* policy (which no longer exists) which triggered and raises an important question that may be of interest to anyone who has an AmEx credit card in their relationship history with AmEx.

      This is to give credit and courtesy to an excerpt from the @cashnocredit post...
       
       
      "I had an Amex in 1974, which closed in the early 80s. Opened a new one in 2011 but they didn't backdate me then. Had no record of it (which was always paid on time)."
       
      Question? 
       
      Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
       
      • 42 replies
    • I decided to continue another year of my glorified spreadsheet. 2022 was a disappointment in the shenanigans dept. Most of the dive hotels I stay at did remodels during the pandemic. Not too many WTH moments. Disciplining myself to go under 5/24, allowed me to add a Chase CSP and CFU to the mix in 2022. The various dumpster dive apps I use paid off. To the tune of about $2000 in value.
       
      Inflation being what it is, I'm more hyper sensitive than ever on what spend goes on what card, to maximize spend multipliers.
       
      Credit Cards:
      Amex Gold & Every Day MR 441,390
      Amex Delta SkyMiles 205,415
      Citi MileUp MC American Airlines 69,345
      FNBO Amtrak Guest Rewards MC 135,948
      Chase CSP / CFU Signature Visa UR 101,559
      Chase IHG Traveler MC 66,064
      BofA Customized Cash Rewards Visa (3% Travel) $0.88
      Citi Double Cash MC (2% CB / TYP Everything) 21,186
      Citi Premier MC Thank You Points 34,280
      Choice Privileges Visa Signature 360,660
      WF Active Cash Signature Visa (2% CB Everything) $87.44
       
      Shopping Portals and Apps / Stacking Opportunities:
      DOSH (CB) $18.56
      Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 6857
      Fetch Rewards (GC) 27,439 Points
      Ibotta (CB or GC) $7.65
      Upside (CB or GC) $14.15
      CoinOut (CB or GC) $8.65
      Payce (CB) $18.97
      Receipt Hog (CB or GC) 3156 Coins
      Receipt Jar (GC) 2013 Points
      Receipt Pal (GC) 4725 Points
      Shell Fuel Rewards (Earning AA Miles 2miles/gal.)
      Starbucks / Delta SkyMiles (Earn 1 SkyMile for every $1 spent at Starbucks)
      AA Simply Miles
      Airline / Hotel Dining and Shopping Portals
       
       
      • 170 replies
    • Hi Everyone!
       
      I have one last bad account, unfortunately a repo, that is still on my Experian and Equifax reports. Before Experian changed their report format, at some point last year the repo account said "on report until April 2023." Well, it's April and it's still showing. Could it be until the END of April? Would it be worth calling Experian's backdoor number and asking about it? Maybe sweet talking them to delete it early? lol
       
      What do you guys think? In comparison, this account was scheduled to drop off my Transunion report in January and was gone in December. Equifax is the worst and it show dropping from the report in July. 
       
      Thanks guys!
      • 15 replies
  • Posts

    • They went for the traditional loan." Conventional loan ".   They just filed a lawsuit in their county.   What’s their next move?      
    • Was a member here ages ago.  I'm preparing for a home sale/purchase in 12-18 months.   Hubs & I currently own our home:  bought in 2006.  Current value $300k-400k and we owe about $105k now.  Zillow says $362k value, my mortgage company app says $386k.  In the past 5 years we have replaced the roof, hvac system, water heater, windows.  Rough ballpark I figure we could sell for minimum of $350k, net $200-210k after expenses and mortgage payoff.  We are both on the mortgage and deed.  These numbers are based on current details, and as I said I'm not looking to take action for another 12 months minimum.  So I think these #s are reasonably conservative.   When the time comes, I would like the next mortgage to be in my name only.  Hubs is self employed with sporadic income while I work a salaried job (18+ years same employer).  Credit scores for both of us are 700+ with nothing negative.  He does have $30k+ in credit card debt he is working on.  I am not joint or AU on anything of his w/ a balance.  My credit cards are paid in full monthly, or currently 0% interest and will be paid off before any mortgage process starts.   I do have a number of recently opened accounts in 2024 - but intend 0 inquiries and 0 new credit accounts over the next 12 months.  I just refinanced my car loan to take it from a $504 payment to $390 payment (I pay more).   I would pay it off with the current home sale proceeds but not sure if it would still be part of dti calculations?  I am also on a car loan for my son in law at $630/mo.  I have student loans - not sure what the monthly payment will be on them in a year.   My salaried income for 2025 should be $73k and bonus of $35-40k.  (From what I've read bonus will be counted in DTI as long as it has a 2+ year history of reliability.  Bonus 2023 EOY was $35k, 2024 EOY anticipated at $40k.)     My questions:  should I be able to do financing on my own, without Hubs?  And what is the holy grail of DTI?  Some sites say 36%, others say 43%.    I'm running #s and thinking $275k borrowed ($400k home with $125k down from current home sale) at 7% 30 year fixed would be roughly $2400 per month including taxes and insurance.  I could make that fly under 36% DTI but it would require my car loan to be not included, make sure my cards + student loan be under $200/mo total.   I am not big on the thought of paying off hubs credit card debt with equity $, but that is of course an option if his debts MUST be factored in.   Feedback is appreciated.
    • Citibank and I parted company in the early 1970's when I lived in New York City and did my everyday banking with them. One day, out of the blue I got a letter from them telling me that they will no longer maintain accounts for aliens (meaning non US Citizens) and sending me a check for the entire balance with a notation that my accounts were closed. I went to a bank branch in Manhattan with my original Birth Certificate showing that I was born not 5 miles away from where we sat in New York City, but got nowhere. I don't know if they have missed me over the past 50 or so years, but I surely have not missed them. To this day I have not forgiven them for revoking my US Citizenship.
    • I am finding that Xfinity and Fairness are two concepts that have no meeting point. Think of it as a Venn Diagram where the two circles don't meet.   I could send it by UPS but I would have to pay the shipping. I tried to return kit to an Xfinity facility close by me (less than a half mile) but they are a repair facility only and would not accept it.
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