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Our picks
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Has Chase become a multi-puller?
centex posted a topic in Credit Forum,
I elected to pull the trigger on the new United card the other day. As expected, there was a pull on EXP. No instant approval. I see a pull from the following day on a different bureau (TU).
I am curious whether this is becoming their new normal. Recording still has the 'under review' message.
Scores at the time of the respective pulls are somewhere between 820-838 depending on just which flavor of Fair Isaac modeling was utilized...and as near as I can tell, I SHOULD be under 5/24 since the one that would have put me at 5/24 had been opened in the early part of June 2018 (thus being OUTSIDE of the two calendar year window).
Last time I opened a non-auto product with them was in the days of the Continental PresPlus card which I ditched after the merger with United. I actually only expect to keep THIS one for the year since the fee is waived in year one and I want options for the airports that don't have a Centurion Lounge.
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- 12 replies
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Pam , -
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Paying off CC Debt
zpcsc posted a topic in Credit Forum,
Hello, I've been playing with my cc debt for a while now. I've opened new 0% accounts as suggested on these threads. When the 0% is over I transfer it to another one with 0%, accounts that I already have open. Now with the situation that we are all in, it's going to be a little tougher to pay more than close to the minimums. We owe a total of $25k, I've also worked with my DH's available credit for the 0% cards.
I am so tired of this debt! Our credit is good over 700's. I've thought about a personal loan since we receive lots of promotions on these, are these loans personally guaranteed?
Years ago they weren't but so much has changed.
Thank you for all the suggestions.
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- 15 replies
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Pam , -
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Can you all please give me guidance on my plan of attack 😢
Theirmomma posted a topic in Credit Forum,
First thank you for all the knowledge posted here, I have followed CB off and on for over 10 years.
So here is me current credit Pic and I don't know what approach to take... except getting credit one and the AT&T charge offs removed.
Once I receive me new unsecured Cap 1 I'm hoping that gives me a score bump because I really don't have any open accounts as you can see. Discover said no to their secured card 😢 I have been a member of NFCU since 97 but my account is dormant just need to deposit money in savings to make active. But I was thinking I need to wait until I clean up my TU and bring scores up before trying for their secured card.
I'm assuming the student loans are hurting me but didn't want to contact them until I got better guidance from you all.
I could desperately use some guidance from you all
Fico 8 eports & scores as of March 10
Experian 558
Citibank AU $6500 limit $4977 =76% usage - 9 years old never late - I disputed this account due to usage being high and it was removed- no change to my score
Belk AU $9000 limit $1666 balance = 20% usage- 20 years old never late
Care Credit AU$4000 limit $0 -no usage - 8 years old never late
Sears - closed AU no negatives
CarMax paid closed $19,117 -opened 4/14 closed 7/15
Acendium student loan 44 lates CO $2872 updated 8/16
EDSOUTH student loan 10 lates CO $1750 account transferred to another office last update 8/16
EDU SERV OF AMER student loan CO $1984 account transferred to another office last update 12/14
FED LOAN SERV- closed exceptional payment history 5/15
GLESI/ Bank of America -closed exceptional payment history 2/12
US DEPT ED/ GSLI closed CO $1017 seriously past due last updated 2/20
US DEP OF EDU/ GSLI closed CO $2701 seriously past due updaye2/2020
Inquiries
Cap1 3/20 - unsecured card $300 limit in mail
Discover 3/20 - declined secured card
TU 509
Belk - same
Care credit - same
CreditOne -paid- closed unkown payment history -CO bad debt updated 1/17
Discover -same
Sears-same
NFCU AU- closed updated 5/23 $20k limit exceptional payment history
Carmax-same
All the same student loan info
Collection
AT&T Mobility $1206 collection opened 9/18 updated 2/20
Inquiries Cap 1
EQ 535
Citibank same
Belk- same
Care credit same
Creditone same
Discover same
NFCU SAME
CarMax same
Credit union atl $3803 CO auto- opened 4/11 CO 12/14 - consumer disputes
EDSOUTH GLESI SAME
EDUC SERV AMER same
FED LOAN SERV same
FED LOAN SERV same
US DEPT EDUC same
US DEPT EDUC same
Inquiries
Cap1 same-
- 33 replies
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BofA - Max CL/Based on Income?
Rogue posted a topic in Credit Forum,
Well as most of us know, BofA if nothing else, is at least fairly generous with their soft pull CLI requests on a regular six month basis. It has also been well established that BofA has a de facto MAX aggregate unsecured credit card limit of $99.9K for most mortals, however IIRC both Hege and PotO have exceeded this.
So my question pertains to MAX aggregate BofA unsecured credit card limits in relation to total income so that we can set better/more realistic goals and expectations with BofA and not waste our efforts in pursuing limits beyond the BofA underwriting paradigm.
My aggregate limits are just a fraction below 50% of total income, so how far should we push this?
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Nurse told me I’m in collections. Is that a violation?
MrsMoneyBags posted a topic in Medical Billing & Medical Collections,
So my ob office just called me back because I had a health question. The nurse told me I was due for an ultrasound but that they can’t schedule it because I’m in collections for $234. First, I had no idea we were past due but I’m not happy my nurse and probably my ob have access to my financial info. I feel like this could impact my care. I get being deactivated and not being able to schedule because of being past due. But the billing office should be the only one who has that info. If I called in, the receptionist should be the one to say they can’t schedule me until I talk to billing. It feels like a violation of privacy for the nurse to know bc it could impact how they see me and thus, how they care for me. Are drs and nurses allowed to know the billing info?-
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Posts
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@hdporter : thank you for that. i talked to them just now and that is 'exactly' it : 2% a month @ 5.9%. I will look for the 8 year option. This will be great until this Covid thing passes or sooner. are you aware if other creditors (citi, chase, us bank) offer similar terms? -
The "hardship" arrangement I spoke of was extended specifically by Chase. It wasn't part of a larger debt management (DM) program, involving additional creditors. (General CB consensus appears to be that it's best to avoid DM programs, if possible.) I'll reply with some observations re the Barclays offer: Details are a tad sketchy, but if I understand correctly, they're permitting you to repay the balance owed over 5 years, at an APR of 5.9%. A fixed monthly payment set at approximately 2% of the current balance outstanding would be sufficient to service the finance charge and leave you with no balance at the end of 5 years. (If your budget simply can't accommodate this payment amount, you might briefly explain and ask if they can extend repayment over a longer term initially, such as over 8 years (which should cut the payment amount by 1/3), with an eye to accelerate to a shorter period after you've got your financial situation more firmly grounded. No promises.) It's important you realize just how golden these terms are. They keep you out of collections and you're unlikely to substitute them with anything nearly as attractive outside of this agreement. Bottom line, it's well worth your while to restructure your finances in whatever means necessary to accept these terms and submit timely payments. A hardship program, on the other hand, typically is extended for only 6 months at a time, renewed upon review. The intent is to permit you to recover from a temporary hardship and ultimately renew payments under the standard account terms. There can be room to set payments under a hardship program at relatively nominal amounts. Once standard terms are re-established, your finance cost will be a multiple of that under the deal they've extended to you above. Each program has a specific focus. The offer they've extended presents easier permanent terms that they look for you to accommodate, if possible. A hardship agreement, on the other hand, extends a lifeline for you to resolve your current financial challenge and set things back on a steadier course. You need to assess which option (where available) best serves your needs and interests. -
Side note with Discount...back in the days when they were a GEMB-issued card, it could also be used at Exxon and Mobil stations. Did that benefit carry over with the move to the SUCKrony systems? If so, then that is an extremely easy way to maintain activity on those cards...too late for OP, but something to check for other cardholders wondering how to get activity. -
It's fair to say that Synchrony (or most any other issuer, for that matter) doesn't obsess over our credit scores. "Average age" isn't on their radar. So, from their perspective, it's likely that they see nothing amiss in closing an inactive account, even if it means that someone has to re-apply once they are interested in a new purchase from a co-branded retailer. Those of us who've been "credit impaired" at some point tend to want to do what we can to "tip the scale" going forward. So we bristle at an unanticipated account closure and engage in behavior that's a tad over the edge in the interest of keeping accounts open.
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Could have been worse...you could have been one of those fools that bought KODK as it pushed $60 last week. I was pissed that Ameritrade couldn't get enough shares for me to sell short when it was at $37 (and still dropping). Is at $14.xx today.
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