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Money Management


  1. Money Management

    Discussion and tips on sound money management.

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    • Just to give folks an idea why it isn't a good idea to have 0 balances report on all your credit cards. I had one card reporting $800 which was paid and just reported 0. TU FICO 8 dropped from 822 to 802.  FICO scores don't like all your CCs reporting 0 balance.  OTOH, I don't pre-pay but I've been using Amex in the last few months and had Amex reporting 20k. Charge cards don't affect FICO scores. It was just paid and reported 0 balance. No change in FICO. Still at 802. Usually Verizon will show up on a CC but didn't this time. Fell through the cracks between closings.
      • 28 replies
    • I have 2 medical collections for 2 different providers being reported to Experian and TransUnion by the same CA and a 3rd collection with Equifax with a different CA.
      I started the HIPAA dispute programs for all them with these results:
      TransUnion:  both items were deleted Experian: both items were verified with a note to contact the CA for more info Equifax:  No Response at all and no deletion  
      I started the HIPAA dispute program  for the Experian collections but skipped the 2nd step of Medical DV to the CA by mistake.  Instead, I  sent money order payments to both the OC's using the HIPAA letter and have copies of the deposited and canceled money orders from my bank.  The collections have not been deleted  and I haven't receive a response from the OC's at all.
      Knowing the I missed the DV step with the CA, what should I do now to continue the process for getting the Experian entries deleted?
      For the Equifax entry with no response, do I just start over again?
      Thank you!
      • 11 replies
    • Please excuse my ignorance but correct me in the process. 
      Isn’t this showing the credit bureaus “look here’s my signature” which results in signature comparison?
      Obviously none of us here has worked for a credit bureau. How do we know that the credit bureau won’t save your driver license picture and compare for verification purposes at any given time?
      • 19 replies
    • I was wondering if I can remove my report from chex, since I need to wait 5 years for it to be removed....
      just to be clear, nothing has been made by error here, I had a negative checking balance, I didn't pay it and the bank closed my checking account, but I paid the amount 4 month ago, and chex said it will take 5 years to be removed..., obviously right now I am facing some/almost huge limitations with all type of creditors even with a credit score of 795+
      is this a Fair Credit Reporting Act?
      What's the fastest way to remove them?!
      Thanks a lot
      • 14 replies
    • We were foreclosed upon in September of 2018, and when combing over the documents I noticed the foreclosure attorney signed off stating I had been served in person by the sheriff. I was not even in town on the day of service, and the Sheriff's Foreclosure Notice Return document clearly states copies were left my husband. I am going to look for an attorney to file a Motion To Quash the foreclosure judgement as it is my understanding that a notarized Affidavit of Service means the attorney verifies all the documents are correct and in order - which they were not.
      I know it is a long shot, but if there is an attorney from NC on the boards, I'd love to know how long the MTQ takes from filing the paperwork to the mark vanishing from our public record. We are hoping to apply for a mortgage in March and would love to know if this is a realistic timeline.
      • 6 replies
  • Posts

    • She is in a position of realization (as many of us have also been - myself included) that credit cards are not the way to pay for say a new roof...however now that she has already made mistakes, I was reaching out here on this board as it was SO helpful to me when I was in trouble. Trouble which I have recovered from I might add. thanks to the broad reach of experts on this forum! So, I am still wondering if anyone has specific knowledge of Agricultural Property loans, as I am seeing that there are not many banks that do, and they simply do not make those loans in their portfolios.! Hoping someone on these boards might (fingers crossed) have knowledge or experience with this particular challenge?
    • Im working on getting a couple small medical collections off my reports using WhyChat method (3 of them, $50 or less, just overlooked)   Im having trouble getting the actual account number from the reports.   I got them through annualcreditreport.com (I also have myfico.com) , but even on there, all of the 3 bureaus have the masqueraded account numbers   1234XXXXXXX   how on earth do you get the actual acct number? or is it ok to do whychats method with 1234XXXXX?    
    • People also ask   Do manufactured homes qualify for USDA loans? USDA loans can even be used on manufactured and modular housing. ... The ability to use USDA loans for modular housing and manufactured properties further expands home buying opportunities for lower-income Americans, ensuring they have access – and a way to finance – affordable, safe and high-quality housing.
    • My experience with being added to my wife's Amex BCP in 2014, which on her credit report reflects a back-dated "1986 member since" date, was that I did not get the benefit of her history.  The tradeline for the account on my report show a 2014 "Date Opened".   This differs from most any other credit card, where the AU tradeline typically shows the same "Date Opened" as the cardholder's tradeline.
    • Another thought...   I think she'd have a better chance getting a first mortgage on this property (essentially a cash-out refi) than a home equity product.   In order to do this the current noteholder would need to be paid off with the proceeds of the first mortgage (and the existing lien would need to be removed), or the noteholder would need to sign a subordination agreement putting him/her in second lien position.   [fwiw, if I was the current noteholder I would never, ever, ever, put myself in second lien position, but then I'd also never make a risky $70k loan at 0% either.]   I think this idea is more likely to present options, but it's also more perilous because if a first mortgage is foreclosed she'll have nowhere to live.   Why can't she just cut expenses, rent out a room, get a second job -- and just pay off the debt?     
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