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  1. VISA MC policies


    Complaints, discussions and rants regarding perceived merchant violations of CCC policy

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    • I received a letter from CA stating I owe them money.   I realized that I totally forgot to pay the hospital from many years ago.   This is a valid debt in my opinion. 
      It is NOT being reported on my Credit Report. 
      Question:  should i pay the hospital or the collection agency? 
      I called the hospital and they said I should pay the agency. 
      • 16 replies
    • Responding to another User's post I realized I never shared my recent painful experience with Chime Bank. 
      Chime what some call a "second chance" banking solution for those who may have issues with credit checks or making it through the ChexSystem to obtain a bank account. 
      • 21 replies
    • Ok, so thanks to advice from this forum I have since caught up and taken care of the majority of my debt. There is one account that I just completly missed and is in collections and I received a call that legal action will be taken and I will be served for garnishment/judgement. She said she was a courier. They don’t have my correct address and I didn’t give them my new one because I wanted to gather information first To make sure it was legit. On the phone I mentioned to send me a debt verification. She said she would email it. Never sent of course. She gave me a number to call to take care of it and to get the information I need. On my CR it said I had a limit of 300 and the last reported (High) balance in 2019 (nov) was 639. If I call collections and take care of it, will the attempt to serve me stop right away? How much should I offer to take care of it if I want to try to settle for a fraction. I really want to try to squash this as quickly as possible and I’ve read to submit in writing but I feel I shouldn’t wait. Any assistance if helpful. Thank you. 
      Small Edit/update: Just called collections and the girl was generally very nice about everything. I didn’t confirm it was mine but she explained that the “courier” was just trying to rush things along and that I could setup an arrangement/pay in full etc. She is emailing the debt verification. Should I offer a settle/pay for delete and how much should I offer?
      • 11 replies
    • I am looking to get a higher limit credit card, ultimately I want to be able to purchase a small property and get a rehab loan. My score was 720 in January and since opening 4 cards and a few late payments, my score is now 550 (the highest limit is 700, and I have $2420 in total CC balances). I have an eviction judgement, 800$ at a credit union loan in good standing. Would a 20k AU tradeline help?
      • 25 replies
    • My spouse and I are trying to get (preferably) FHA financing for a house. It would be a small mortgage loan by almost anyone's standards. We have a few credit cards, but we PIF and neither of us carries credit card debt. There is one car loan between us with perfect payment history. We are recovering from old credit issues and have scores in the mid-600s. We both have savings.
      Here's the problem: I make the majority of our combined income and have W2s and tax returns for the past several years. However, unlike my spouse, I have been on leave from my job due to COVID-19 and cannot produce check stubs. I have finally been called back to work, but that is over a month away. We do have a co-signer available but were told we still have to qualify income-wise, and that can't be done without check stubs.
      Please offer any advice you might have! We can't let this property get away from us. Thank you! 
      • 15 replies
  • Posts

    • I think the main two factors now that are keeping my score down is the mere presence of the 4 paid charge-offs and late payments as well as the fact that the fifth one is unpaid has a balance that is actively affecting my utilization.   For example, when I got the final negative account deleted from TU, my score went from being in the 690s into the high 700s. Just having one negative item made that big of a difference.   I am going to continue my dispute process for now, until I get the check from the credit bureau.
    • I think I just blew a circuit trying to figure out what to comment on first ...   < This is really just one of those teasers called, "Can you find 15 things wrong in this picture?" ... right? >   eta:  I just decided on that "first comment":   We just replaced our 14 year old Lincoln with a car priced comparable to the Lexus discussed here.  I'm now having a "v-8 moment":  We could have allocated a smaller portion of our annual income (vs the hefty 50% allocation being tossed our here) and come away with an Aston Martin!   I think I need to replace the list of affirmations on my bathroom mirror with a list of suitable "aspirations" ...
    • Bumping for this, since I’m curious too. The above quote is from the “Default/Collection Costs” section of the Barclays Cardmember Agreement. (Underline is mine.) However, the following appears in the Arbitration Clause: “Under no circumstances will we seek from you payment or reimbursement of any fees that we incur in connection with arbitration.”  (Again, my underline)   Does one override the other? And what is the applicable law by which paying the collections fees is permitted?
    • Close the card. Because you already have 5 other cards the effect on FICO scores are nearly negligible when you close it with zero balance. Make sure you don't have any recurring charges going to that card.   For others reading this thread, I added 2 secured CCs, Citi and WF, when I realized living on a debit card was too painful. They both automatically graduated within a year and a half and removed the "secured" comment and kept history as if they have never been secured.
    • They listed 1st Wok, an awesome little Chinese restaurant in Calhoun Village (now Greenway Lakes Commons) in Minneapolis, on their map o' small businesses for me to go to and utilize this offer. I walked in to 1st Wok on Friday night to pick up my Hunan style bean curd & hot and sour soup, and also to discover that 1st Wok does not take American Express.

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