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Mr. Media

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About Mr. Media

  • Birthday March 6

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    Personal finance (duh!) Also heavy into music, writing, travel, cooking (though I'm not good at it), and raising four young kids!

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  1. I'd never heard of such a thing... curious to see if one of the more legal-brained guys can chime in with some insight. Are you able to see the petition to the court that requested the vacated judgement?
  2. Holy smokes! That's impressive and scary all at the same time.
  3. Thank you. This site saved my bacon a long time ago, and helped me do some pretty amazing things along the way. I pointed so many folks here over the years...and I'm looking forward to diving back in.
  4. Hey thanks... its good to feel the support. I broke one of my carnal rules, and used my personal credit for business. The business was able to pay me back, and it allowed me to accelerate the growth I was pushing for, but it was against my own rules, and when the company's income took a hit... it cornered me. I'll post an update soon on where everything stands, and after coming back to see the thread today... I'm embarrassed to see that I also need to update my signature. Ooooof!
  5. Hey gang... been about seven years since my last post here. Unreal. I was on top of the world, had massive credit limits on so many cards thanks to this board, and was really feeling on top of the world for quite some time there. And then it all fell apart. First a major income shift due to business changes. Then an unexpected loss of a client (more income loss) then COVID, and then a heart problem knocked me out for nearly nine months. Needless to say, enough cards fell that my house blew down. Tapped out with about $110k in unsecured/unpaid debt and now finding everything a bit overwhelming. Really just wanted to say howdy. Spending the next few days getting reacquainted with the boards, and digging around for credit repair options and advice. Not sure how much has changed since 2015 in regards to disputes and collections. Looking forward to bumping into you all again.
  6. Hey guys... finally had a chance to play with this and wanted to report back the results. About 2 weeks ago I called underwriters and asked for an increase on my Gap Visa which has been stuck at its current limit for ages. I was denied, and I asked the rep. if it was due to max exposure. At first he said he could not tell me anything, and to expect a letter, but I was a bit pushy and explained to him that I'd received several letters previously about the max exposure "limits" and that since the Dillard's Amex was no longer part of the portfolio, that perhaps I'd be able to re-assign that $11k elsewhere. He got a bit more friendly, then, and mentioned that while the Dillard's cards were of course gone from Synchrony, some "remnants" of the accounts remained in their systems. He suggested that I try back after May 1st. The letter came and said the same max exposure stuff. So I waited until this past Tuesday and tried again. I asked for $12.5k limit, and it went through. I've also had a major score bump recently, so I wonder if that helped. Seeing some people here with multiple $40k limits, etc. tells me that one person's max isn't the others... but this is the first bump from any of my Synchrony cards in well over a year. So... stuck isn't stuck... anymore. Hope it helps.
  7. BBVA Compass = Until you've paid in full -- including if they've already charged it off, and you had to pay taxes on the forgiven debt. They will not consider you for new credit until the old amount has been paid-in.
  8. I'm not new to this process... Kayve and I actually stumbled on this at the same time and my thread on the matter was actually the first of the two... his just took off faster Anyhow... I'm maxed right now... so trying for a CLI before closing Sam's is a losing venture. "You've reached the maximum overall exposure across your accounts with us" is the answer every time. I think that's what you were suggesting, unless I read it wrong. But I don't mind being guinea pig on it... I'll wait a few days after I'm sure the card is clearly in Wells hands and I'll call up and see what I can work out, reporting back for the good of the group. If anyone else attempt the same, I'd hope to hear from them as well.
  9. Do you guys think once the Dillards Amex rolls to Wells later this month, that the $11k I have there will make $11k available on my other cards (now that its not counting in the ceiling formula)?? I have been thinking about closing my $10k Sams's Club credit, and asking for two $5k bumps a few months apart on Gap Visa and Walmart MasterCard... but with $11k leaving my GE portfolio to Wells, maybe I don't have to close Sam's to get it accomplished? Thoughts?
  10. Been away from CB for a long time... but I could once again use some help on something. I moved to Washington state briefly for work during 2012, and during that time my wife experienced a medical episode that required an ER visit. The total bill rang out to around $7,500. I was mailing small payments to the hospital each month (which they agreed to) to pay it off. We didn't have any kind of plan for that sort of bill to pop up suddenly, and at the time, using our emergency fund didn't seem appropriate if we could pay it off over time. However, in the chaos of moving back OUT of Washington state, I forgot a payment, and they instantly forwarded the account to collections. The hospital account was in my wife's name ONLY. I screwed up and didn't deal with it. Few months later... *I* got a collections notice with MY name on it from the same people. I rushed to pull reports, and found they reported a new collections account on TU and EX. Dangit. I called at once and demanded to know what was going on. The rep. stated that because Washington is a community property state, my wife's bills are my bills. However, I tried to be coy with the guy and said that while I know who (my wife's name) is... why was he under the impression she's my wife. He couldn't really answer that. I asked if he had any proof that she's my wife, and he turned it around and asked if I could prove that she isn't. He wasn't very nice, as none of them are... so I basically told the guy that this wasn't my responsibility and he should remove it at once. I also asked why he thinks that I live in Washington, but he couldn't answer that. I maintained my Nevada mailing address, and ALL credit correspondence went to the NV address for the nine months I was in WA, so I thought maybe I could dance around that some more, but he didn't budge much on anything. Few days later both TU and EX report the account as "disputed by consumer..." The account is roughly $5,200 which is the $7,500 original bill minus roughly what we paid. If they've added anything at all, it has been very minimal based on my calculations. My question for the group is... what do you think the best approach is to getting this deleted from my reports? We have the cash to pay them (full balance), but based on the previous experience I fear they are not the kind to delete after payment. I JUST had my old paid/settled baddies from 2007 drop off my reports... I don't want this to linger for 7 more years. Should I hire an attorney? Should I dispute with the credit agencies first? I'm lost on this one. Thanks in advance guys... I appreciate you all.
  11. Congrats on the awesome score... I was waiting until I saw the post that the card showed up and all was good!
  12. Longtime no post... I just saw the notice when logging into Dillard's card tonight about the conversion to Wells. My Dillards AMEX is $11k limit, my highest on a non-store-only card... Wells did me dirty on their Platinum card... while I had a mortgage with them it was a $7,500 card... but within weeks of the mortgage being paid off, they CLD'd me down to $750. When I asked them why they said it was "normal policy to review accounts after a major change..." not sure how losing a mortgage payment every month made me MORE risky, but blah. I haven't touched their dumb toy card since. I'm afraid they're going to review the Synchrony/Dillards cards with the super high limits and crash us all back to Earth. What are the chances they all stay in five digits?
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