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Beginner's Credit Information

Definitions, explainations, where to begin

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    • 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:
      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

    • Based on my last review,  i will add that Alliant CU, Ally Bank, Citizens Bank, T-Mobile Money/BankMobile/BMTX, Fidelity Investments (Savings), TIAA Bank, Keybank, Navy FCU, PNC, TD Bank, Goldman Sachs all report here.   Not everyone reports balance or trans history though.    I have not figured out how they work. Inquiries stay on longer than 2 years as all of mine are from 2020 and some are already 25+ old.    I have a field on SOME of the accounts (which have been closed) that says "Consumer Removed Date" which are like from 2016- 2018. but other accounts do not have that. There is also a status called "Closed-Purged" but that does not mean removed from EWS i guess.   
    • Amex Gold & Every Day MR 404,809 Delta SkyMiles. Amex Delta Gold and Blue 203,733 American Airlines. Citi MileUp MC 65,981 Amtrak Guest Rewards MC 121,154 Chase IHG Traveler MC 62,940 BofA Customized Cash Rewards Visa (3% Travel) $327.91 Citi Double Cash MC (2% CB Everything) $188.39 Citi Premier MC Thank You Points 29,003 Choice Privileges Visa Signature 400,469 WF Active Cash Signature Visa (2% CB Everything) $81.19   Shopping Portals and Apps / Stacking Opportunities DOSH (CB) $5.56 Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 4837 Fetch Rewards Points (GC) 8085 Ibotta (CB or GC) $3.55 Upside (CB or GC) $23.48 CoinOut (CB or GC) $6.29 Payce (CB) $16.29 Receipt Hog (CB or GC) 557 Coins Shell Fuel Rewards (Earning AA Miles 2miles/gal.) AA Simply Miles Airline / Hotel Dining and Shopping Portals
    • I tried calling the Ulta phone number today. It just went silent once I hit the number for credit card account servicing. Wow.
    • Wow! What a mess.  WF had a banking outage that affected all their debit cards about 15+ years ago. But it only lasted a few hours. It made the New York Times.
    • Gap Inc. Launches New Credit Card Program in Partnership with Barclays and Mastercard
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