Jump to content

disnugaswagg

Members
  • Content Count

    854
  • Joined

  • Last visited

Everything posted by disnugaswagg

  1. Thanks for the insight MarvBear, but my intentions were not to discredit staff, but was to voice my personal experience with dealing with private student loan lending. Also, I attached websites that does provide proof of this information. These loans are avaiable to both, undergrads and graduates. Most importantly, I know whats its like to be in that situation, so I try to help others when I can. So, hopefully, I have not insulted anyone. Thanks
  2. WOW!!! Give me the details! I do not have an account with IKEA, but was thinking about applying for them in the next few months. WOW!
  3. Well I agree, but I also have to disagree as well. I do not see anything wrong with building credit as your maintain a positive relationship with a bank, both personal or business. I requests 2 CLI per year on my personal and business because both cards get major spending exposure. Most importantly, who wants a card that has a low limit for an account that they charge on a regular? I try to make sure that I am always under 15% of my CL because it has a huge impact on your scores on EX and EQ (business) and also personal. Honestly, I know that my interests here was to understand business credit and how to improve it. Fraud was never a concern of mine.
  4. I haven't been on the boards I've been busy at work. However, she did send in her info! They did re-activate her cards! However, I just wanted to warn people! I'm sure they might be some that aren't that lucky! Yes, I am glad that you started this thread because GE will block personal and credit if they see a lot of apps and CL requests within a certain time-frame. Last year, I applied for a Walmart card personal and decided that I wanted one for my business. I was approved for both and recieved the cards. However, I requested a CL for my business account and fraud indicated thats what placed my accounts under a block status. Yes, after speaking to the agent she also informed me that they will sometimes block personal and and business accounts. So yes, I am glad you brought to us as a means of caution.
  5. Well, companies does have a standard which they base their decisions; however, I think that it would be incorrect to state that those standards are set in stone. Many underwrities have access to what I refer to as "blended reports". So, it is very possible for someone to not meet certain standards, but are still approved through no-pg means. Its happen to me. I have several revloving accounts that did not require PG, but since I had personal account with these companies, I think this help land the approval for the non-PG business accounts.
  6. I decided to watch responses to this question because I had the same question as well. I also found myself having to search for a private loan as well and I did find one that is based off of my credit and is disbursted directly to my school and it was Sallie Mae. Also, I am always getting maliers from Discover and Citibank, so I am sure that these type loans does exists for undergraduate students. In Georgia, Sallie Mae and Discover pulls TU and Citibank pulls EX or EQ, so your credit file needs to lack derog items to ensure that you can be approved for a stand alone loan. However, if you do not meet the qualifications, you can be approved by adding a co-signer with decent credit. So, again private student loan lending does still exist. The websites where the information can be found are indicated below: https://www.salliemae.com/landing/dp/?dtd_cell=SEMGOLNRGSL000708&002=2200491&004=1209676132&005=891858558&006=12055010122&007=Search&008= https://www.discover.com/student-loans/private-student-loans/undergraduate-student-loans.html?ef_id=c2FQB6z060oAAAcD:20120723181424:s&acmpgn=PGDEN00467 https://www.studentloan.com/landing/citiassist.htm?msc=GLONG1E I think that it is extremely important that reliable information is readily available to us all, so I hope that this information does provide a means of correction and education.
  7. Yes, it was somewhat "fun" at first when I noticed accounts being added and my scores increasing; however, after paying so much for the product, it becomes somewhat annoying price-wise LOL. The greatest let-down was when I was told by DnB that they did not allow American Express charge cards to report to them. That payment history would have really served as a quick off-set because it has a monthly spending average of 6500-7000. Nonetheless, credit-builder serves as no help in this regards. Also, if you want to self-manage your account they do have a self-monitoring service for 19.99 per month, which give you updates about account changes.
  8. dis - Since you've been subscribing for 8+ months, you must have seen some good results. What was your business credit profile like pre-DnB versus now? Thanks! I had no file before I purchased Credit Builder, but I had already started following the CB process for getting my file established by getting the net accounts. I really do think that it is a rip-off because all of the vendors that I was being approved for was already hitting and establishing my Equifax SB and Experian file and I paid zero for their services. I, also, put Credit Builder to the test by purchasing EQ and EX products at the same time because I had no files with either. Both agency did require me to send in business information to show that my business was legit, but after that, everything started reporting like clockwork to EQ and EX. Til this day, I have 9 vendors reporting on EX and EQ files; while on the other hand, only 5 showing with DnB. I do have a paydex score of 80 (Finally) with solid scores, but it costs a leg/arm. So, to answer your question, I saw better results with EQ and EX than DnB. Credit Builder did provide me the means of submitting financials and vendors, but I honestly feel that through blended reports is what really helped me establish my file and not Credit Builder.
  9. Honestly, I would NOT suggest the product. My start-up company became incorporated last year, but we had been doing business under sole. When I purchased the product, my intentions were to add some of the venders to my credit file without waiting forever. Boi, was I in for a B-I-G Shock! Out of six vendors, only one could be added through the application because the other vendors did not report/or have a DnB number. Not to mention, DnB have additional criteria that must be satisfied by loan type, which I vaguely remembers. As mentioned earlier, I purchased the item in November 2011 without financials and nothing moved, but when the financials were added in February 2012, I received a paydex score with only two reporting and ratings quickly. Overall, I think that when purchasing the product, one must submit financials to see ratings as the product outlines. Also, please note: if you add any vendor to your file through Credit builder and cancels the product, DnB will remove that vendor from your credit file!!!!!
  10. Well GE did the same thing with me. They do not like to see alot of apps and CL requests within 6 months (Approved or Declined). I sent in the information that they requested and they re-activated my accounts with the CL request that I wanted. So, just tell your friend to send in the docs and they will re-activate the accounts.
  11. I have had Credit-builder since November 2011. What questions do you have?
  12. Well I have never been late on a payment, but I can confirm that they are able to see all of your card accounts at once. When my JC Penny account was flagged for verification and blocked. The agent in verification asked me questions about my last transactions on my other cards to lift the blocks. I have Wally, Sams, Chevron Texaco, Gap Visa, PayPal, BillMelater, TJ MAXX, PepBoys, and a few more. So, Im sure that they do have the capability of seeing all cards, CLs, and usages.
  13. Oh okay thanks for the information guys. EX does seem to be similar to personal because they are very, very sensitive to inquires. But I was told that the scores are not the real one. Is this to be true or myth?
  14. Thanks for all of the help guys. I am happy to report that my EX score has increased. I was shocked! Yesterday, my score was a 12 and today its a 59! Wow, I wonder what happened?
  15. Yes, that is correct. I was also told that it will take around three month to show. They want to see a few months of activity before they will grant the Paydex number. I have had my paydex for about 3 months now. Would anyone know the best way to increase the Paydex over 80?
  16. I am extremely happy that this conversation has happened. Personally, I feel this section of CB is not dedicated to proving if you have a legit company or not. Even if it was, how could you possibly block or detect fraudsters on a blog community? Why would you invest your time and energy in calling someone out if so? Most importantly, if they were fraudster then guess what: THEY WILL EVENTUALLY GET CAUGHT! As, I have stated previously, the site is geared toward helping one another grow. I have a start-up company and I want to build a solid credit foundation as I grow. Thus far, my success has been from the help of those on both the personal and business sides. So, I am always eager to give back to this site when needed from my personal experience.
  17. That is the exact one that I purchased as well. Since you have this report, make a copy of it and circle what area that you have questions and write a brief letter. It will take them about a week to research the information. Then, you can call and they will explain what changes occurred to have the decrease in your score. Equifax biz is the same way.
  18. Got an update this morning concerning the AMEX Biz Gold reporting to business credit reports..... Called the credit reporting depart at 800-874-2717 and was advised that the AMEX charge cards will not report to any of the biz reporting agencies. The only cards that will report would be the Plum card or any revolving biz cards through AMEX. I called twice and was informed the same thing. So, if anyone has the AMEX Gold or Green card reporting, please share your experiences, because I was given the red light.
  19. I am sorry, how are you determining that they have committed bank fraud? The incorporation date and the start of business date is totally different. As mentioned in the post, there are many small businesses that incorporate after the start date of rendering services or products to the general public. So it would be safe/right to provide the inc date and start date of business if asked during the underwriting process. When I applied for several accounts, I was asked the start of business date and the actual inc date, so I know for sure that by providing that information would not or could not be comprehended as fraud. I must agree, lying on an application for business credit or personal credit is a serious issue and can lead to a NIGHTMARE. However, I am confused on how you have determined that OP has committed fraud.
  20. Not true Amex business cards report to business Experian and D&B. And Capital one will report to EX,EQ business and D&B as well. Also, Lex since you mentioned that Amex does report, I would really love for this account to report. Was there anything that you did to have it report? I have called Amex and completed an "add trade" through my DnB self-monitoring service, but has not had any luck. So, if you know of any trick or contact person to have this done that would be greatly appreciated. Please note, as I mentioned earlier, I was informed that AMEX will not report unless the account has been defaulted or the account closed by the consumer, so again shed some light on this issue if possible. Thanks I have a amex plum card and business pr gold card and they both appeared after first statement cut on experian business. I'm waiting for it to appear on D&B but I called them and they told me it would after the next couple statements. I also have the cap spark card and it will eventually show on D&B. If there is an issue you can contact Amex credit reporting department. Okay, I will call them tomorrow to ask why my account has not reported. This would be an absolute benefit to my biz credit building. Thanks for the information.
  21. Sully, that could be the case. I was going to apply for the Delta Biz card and was told during the application that it did not report, so I did not proceed with the application.
  22. Okay, private lending for college financing is very much alive. The first thing that you can do to get those loans up-to-date with your school is take those loans and have them consolidated. The best place to go would be William D Ford Consolidation Loan (Direct Loans). When your loans are consolidated, which can take about 10-15 days, you can apply for private lending through Sallie Mae with ease. Also, this is really, really important. When the loans are consolidated make sure that you get them deferred, because when the loan is deferred it will have less impact on your FICO scores. Sallie Mae, from my experience, would probably be the best place to apply for private funding. The interest rate may be higher, but you can always have those loans consolidated to a lower interest rate as well. Also, there is private lending through Citibank, Bank of America, Discover, Chase and Wells Fargo. PM should you have any additional questions. Hope this helps. I have no idea what this poster is talking about. Consolidation of Fed Loans is never required to receive anything, it's an option available to you. Forbearance usually has no bearing on credit scores. The OP has an issue of owing his State University for classes they attended but never paid for. My experience is that most schools will require a 0 or similar balance before you can register for classes the following semester. Without being registered for classes, you can apply all you want for private aid, the school is required to certify attendance and that the OP is eligible for aid. Not registered means not eligible for any aid. There is no where to consolidate private SL's any longer. The banksters won't allow it. The only place I was aware of back in the day was NeXt loan. They are now defunct having filed BK. OP, the only thing I can suggest is throw yourself on the mercy of the Bursar or Business Office at your school. If you've completed your FAFSA, you may have enough aid waiting for you to pay current tuition and fees and use your refund check to pay the balance owed. Well having worked in the financial aid office as a counselor has given me an insight in this matter. Not to mention, my brother, last year, registered for classes, but did not withdraw from his last semester and was also charged around $2300. He was able to get the private, in-house, loan balance paid by loan consolidation. Now, he is back in school. AGAIN, because the charges are school expenses, the OP would be able to have those charges consolidated with William D. Ford Direct Loans, which would make his/her balance owed to the school zero. Also, this is a great remedy for defaulted loans. Also, I would like to note that my graduate loans, which are private or "credit-based", were consolidated with my undergrad loans through William D Ford back in December of 2011. So, I am confused on the statement: "banksters wont allow it." LOL. Also, if you owe a school any funding AT ALL.... those charges must be paid before the Fin Aid department will even provide a funding package. Believe me, they will tell you that the account must be satisfied before they can move forward. So, your statement about using a refund check to pay those expenses will not work. At any rate OP, the key to getting this taken care of is getting the account number with the correct amount owed and a contact person in your business department. Then applying for the consolidation of those charges.
  23. Okay, private lending for college financing is very much alive. The first thing that you can do to get those loans up-to-date with your school is take those loans and have them consolidated. The best place to go would be William D Ford Consolidation Loan (Direct Loans). When your loans are consolidated, which can take about 10-15 days, you can apply for private lending through Sallie Mae with ease. Also, this is really, really important. When the loans are consolidated make sure that you get them deferred, because when the loan is deferred it will have less impact on your FICO scores. Sallie Mae, from my experience, would probably be the best place to apply for private funding. The interest rate may be higher, but you can always have those loans consolidated to a lower interest rate as well. Also, there is private lending through Citibank, Bank of America, Discover, Chase and Wells Fargo. PM should you have any additional questions. Hope this helps.
  24. Not true Amex business cards report to business Experian and D&B. And Capital one will report to EX,EQ business and D&B as well. Also, Lex since you mentioned that Amex does report, I would really love for this account to report. Was there anything that you did to have it report? I have called Amex and completed an "add trade" through my DnB self-monitoring service, but has not had any luck. So, if you know of any trick or contact person to have this done that would be greatly appreciated. Please note, as I mentioned earlier, I was informed that AMEX will not report unless the account has been defaulted or the account closed by the consumer, so again shed some light on this issue if possible. Thanks
  25. Could I logically conclude that all the Citis follow like what you say for Shell? Or is it never that simple and easy? By extension Wright Expresses work the same way? Just thinking out loud. I do apreciate the help you have given me again. Thank you! Sully, I think you have made the most logical interpretation of how cards would report. Instead of me trying to assume where they would report, I can say, from my "own" credit profile, that this is how it is showing on my credit profile. As mentioned earlier, I do have EQ, EX, and DnB monitoring services, so I constantly watch what is being reported on each.

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines