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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)."
      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

    • Hege, I see it rather differently.    It's irrelevant to look at the line of credit as secured vs unsecured, the point is the line of credit is a behemoth tradeline on your credit profile.   The line of credit itself is so significant that it indicates to your other lenders and creditors that you're less than even 1% risky. It puts you aside from the consumer's bust-out list and keeps you away from consumer bankruptcy lists in their AI algorithms.   In addition, achieving this credit excellence means effectiveness and influence, In the credit accomplishment of this preeminence there is the implication of potency and sway if you ask for something from your other creditors or potentially new lender, they will mostly lean toward the direction of approval. It's just my 2 cents.
    • Credit Cards: Amex Green & BB+ MR 530,846 Amex Delta Blue SkyMiles 211,506 FNBO Amtrak Guest Rewards World MC 161,271 Chase CSP / CFU / CFF UR 199,713 Chase IHG Premier World Elite MC 68,201 Chase Hyatt Visa Signature 61,454 BofA Customized Cash Rewards Visa (3% Travel) $6.20 BofA Alaska Airlines Visa Signature 621 Miles Citi Strata Premier / Double Cash / Custom Cash TYP 70,370 Choice Privileges World Elite MC 246,490 WF Active Cash Signature Visa (2% CB) $91.22 BILT Rewards MC 36,572 Shopping Portals & Apps / Stacking Opportunities: Rakuten (Amex MR Earning). Pays out quarterly. Points Pending: 8831 Chase Shopping Portal (UR Earning) American Airlines 77,526 United Airlines 115 Miles DOSH (CB) Fetch Rewards (GC) Upside (CB) Shell Fuel Rewards (Earning AA Miles 2miles/gal.) Starbucks / Delta SkyMiles (Earn SkyMiles on Starbucks GC reloads) Airline / Hotel / Dining and Shopping Portals
    • Dang. And I was gonna ask you for a butler job. 
    • the LOC is less impressive than it looks as it is a SECURED LOC. Secured against a non-retirement investment account. The LOC is just a tool to avoid any short-term need for liquidity that might lead to capital gains and/or taking $$$ out of said account.   oh, and less impressive as it is a joint LOC.   but it still seems unreal to me. life is so weird.
    • This is a new strategy from a collector. They have sent me a collection letter for a $15 co pay from 3 years ago. At the bottom of the letter they have a an amount the medical insurance company has already paid, $897. They appear to be  asking for only $15, but they accept only credit/debit cards. My theory is that their strategy is to convince me to give my credit/debit card for the $15.00, then bill the larger amount of the $897, which was paid by my medical insurance company long ago.   I've sent a DV letter, they immediately sent me a summary of services (which likely also violates HIPAA regulations). I am planning to send a second DV letter, with the addresses of Arizona Attorney general, Arizona Financial Regulators, BBB, CFPB,, and a request for $1,000. Any other suggestions for the next DV, to make it is strong and effective as possible? Scores are all above 820, so the last thing I want is to risk anything at this time. Nothing on my credit reports.
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