Mortgages
Discussion of mortgages, buying and selling a home, real estate investing
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Our picks
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Collections, but Comcast didn't let me pay.
FixTheProblems posted a topic in Credit Forum,
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.-
- 67 replies
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Titty Bank Wants More Smoke
RehabbingANDBlabbing posted a topic in Credit Forum,
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.-
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- 24 replies
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American Express Member Since
MP80 posted a topic in Credit Forum,
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)."
Question?
Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
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Vig's Points, Miles, Cash Back, Earnings, Redemptions, and Shenanigans 2023 Edition
TheVig posted a topic in Credit Forum,
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
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- 170 replies
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When will this last baddie actually drop off??
tps7c posted a topic in Credit Forum,
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
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Posts
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I'm being hit with the annual fee bump on our CSR and planning to dump it. It was a strong value at $625 (prim + AU fees). But the renewal will come to something like $975. That drains much of the card value away; I see little value in the benefits they've padded the card with now. I expect to downgrade to CS Preferred as a temporary measure. The input I hope to get from the group is what to grab onto as the best alternative that has the "basic" benefits of the existing CSR. -- The key benefit I hope to retain is 3% cb on dining and travel (booked through travel providers). -- Primary rental insurance benefits would be nice to keep as well, but not essential. --And, of course, I wouldn't look askance at a generous SUB Any suggestions? -
Sue under both at the same time. They violated two laws - the Federal Law and the State law. -
By ShawnPY1972 · Posted
Here’s how state versus federal law works in Washington regarding the Fair Credit Reporting Act (FCRA) and the Washington equivalent, the Washington Fair Credit Reporting Act (WFCRA) (codified at RCW 19.182). --- ✅ What Washington law provides Under RCW 19.182 (WFCRA) Washington enacts its own law governing consumer credit reports and consumer reporting agencies. For example: A consumer reporting agency must disclose all the information in a consumer’s file (except medical information) when requested. For employment-purposes reports: An employer may not obtain a consumer report that includes credit-worthiness/credit capacity unless the information is substantially job-related and the employer’s reasons are disclosed in writing, or the information is required by law. The law also gives consumers the right to place a security freeze on their credit report if they are victims of identity theft, and sets timing/fee rules for that freeze. So Washington gives you rights similar to the FCRA, and in some contexts additional protections (like the employment-use provision above). --- ⚠️ How federal law interacts: preemption Here’s how federal law interacts with state law: The FCRA includes a preemption provision (15 U.S.C. § 1681t) which says that no requirement or prohibition may be imposed under the laws of any State with respect to certain enumerated matters if they conflict with the FCRA. Recent guidance from the Consumer Financial Protection Bureau (CFPB) reinforces that the FCRA broadly preempts state laws “that touch on broad areas of credit reporting,” consistent with Congress’s intent to create national uniformity. At the same time, the CFPB in a letter to Washington’s legislature acknowledged that Washington (and other states) may enact laws that provide greater protection to consumers (for example limiting inclusion of medical debt) so long as they don’t conflict with the FCRA. --- 🔍 What this means for Washington you The WFCRA functions alongside the federal FCRA. Where federal law sets a minimum baseline, Washington law may add protections (for example that employment-reports must meet the “substantially job related” standard). However, if a Washington state law were to impose a requirement or prohibition that is inconsistent with a provision of the FCRA (for one of the preempted subject-areas), then the federal law would override the state law (i.e., federal law “trumps”). For example: If Washington tried to allow something that the FCRA prohibits, or required a reporting agency to do something that the FCRA forbids, then FCRA would control. Conversely, if Washington provides additional rights beyond the FCRA (and these rights don’t conflict), typically those state protections can stand. --- 📝 Example in practice One real case: Washington considered legislation to prohibit furnishing medical debt to consumer reporting agencies. The CFPB responded that states may enact such prohibitions—since that is “state law … that provides stronger protection” — but also cautioned about preemption scope. Thus, if Washington moves in that direction, it may be valid under state law so long as it doesn’t conflict with the FCRA or fall into one of the FCRA’s explicitly preempted categories. -
By legaleagle2012 · Posted
The FCRA private right of action is limited: consumers cannot sue for a furnisher's initial inaccurate reporting but can sue if a furnisher fails to conduct a reasonable investigation after a credit reporting agency (CRA) sends them a dispute notice. A private right of action exists under section 1681s-2(b)(1), which allows for claims if a furnisher negligently or willfully fails to investigate a dispute that was forwarded to them by a CRA. Enforcement of other sections, like 1681s-2(a) (which covers initial reporting), is handled exclusively by federal and state agencies, not through private lawsuits. -
The best ting you can do is contact a WA consumer attorney who specializes in the FCRA and WA consumer protection law to ask your question(s). Unless a poster is from WA and has experience with the federal FCRA vs the WA laws, all you’re going to get is a guess. In the meantime, read Hennessy v Radius Global Solutions (WD Washington Federal Court, 2024]. Start reading at 4. State Law Claims Against RGS. It may offer some insight. https://scholar.google.com/scholar_case?case=9544633902805505358&q=“19.182”+AND+“1681b”+&hl=en&scisbd=2&as_sdt=4,48,114,129,373,374
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