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  1. Ok, so actually this is the reason I'm holding off with refinancing the car... I'm currently renting my Chevy Camaro out on a Ride Share Platform ( maybe not the nicest idea of owning your dream car, but it's a way to make the are pay for itself and drive your dream car for free 😉 ... since this looks like it's going well ..(just rented the car out for a week for my first car note) I'm probably scaling this "Business" up a little bit and will probably buy another car soon. (If somebody is interested how it works feel free to contact me or I will share it here .. if possible) So if I refinance the first car ( with the 10.5% APR), it will probably "look like" / have the same impact that a brand new loan, and could make it less likely to be able to get a 3rd auto loan. And ... thank you @hit man for the info about adding a person to an auto loan, but the on-time payment for close to 2 years will defiantly make an impact on my score. I'm not sure if in case of a refinance of that loan those on-time payments ( of a then payed off loan ) will still have a positive impact on my score)
  2. @cv91915 wow ist the your score in your signature !? Respect !! What exactly or maybe in an example do you mean by " Don't perpetuate high-interest debt for short-term score impact without an overwhelming reason. " you seam to now what you are taking about... on that note: Do you thing adding my girl friend to the auto loan will help here score ? ( If thats even possible with an ongoing loan ( kind of like a co-signer ... similar to a credit card)
  3. I was able to finance my 2. car for 2.99 % with DCU after I sold my car that I had financed with Capital One for 5,5 % and was able to pay of my credit cards which helped me alot with boosting my score. Since my credit score went up to 750 It was real easy to finance with DCU .. instant approval ... all online ... after I chose a car and send them the Purchase agreement, they overnighted the check to me. .. and the best, all with a super low 2.99 % APR ( not an all time low, because I remember them advertising a 1.99 % APR before but I'm still very happy especially since the car is used, and they gave me an option to add a 0 deductible powertrain warranty for just 30 bucks a month. I'm debating if I should refinance my 10,5 % Auto loan ( which I have with Alley) also with DCU, but then I don't know if this would be negative on my credit score since this loan is an ongoing loan with around 2 years of payment history !?
  4. Here is a sample letter that I sent out to all 3 bureaus which worked for Transunion and Experian: https://www.dropbox.com/s/qbaeb2vs626xqea/Sampleround1.pdf?dl=0 but Equifax didn't remove the item. I want to follow up with this 2. Round ( Sample) letter: https://www.dropbox.com/s/k4qji6hjr8k62sh/Sampleround2.pdf?dl=0 I'm not to sure if I should take a different approach or just change the wording, which is kind of the case with this 2. round letter.
  5. How do you go about a 2. round letter? Do you change the verbiage or approach if the first letter wasn't successful ( for a late payment )?
  6. Do you remember what your credit score was when you got your Amex? I can't wait to get an Amex Delta card, since we really only fly Delta. My credit score was around 740 ( with Credit Karma) before I applied for the Amex Gold and has since goin up to 750. If I may plug this very good website here.. Us Credit Card Guid has a good blog and newsletter updating when Delta raises the sign up bonus which I was able to take advantage off. with 60k miles after 3k spend ( in the first 3 months) then an extra 10k miles with an additional 1k spend ( in the first 6 months) so watch out for those offer.. my get you an additional 1 - 1,5 roundtrip flight. The card has alot of other good perks such was purchase insurance and I already used the Delta lounge for $29 instead of $59 at JFK really work it for a long wait ... delay .. layover. I don't really care for the priority boarding though.. ( but even the Gold card with delta doesn't get you around the new crazy Delta policy that the cheap fares only let you sit in the middle .. not eligible for aisle or windows even with early check in unless you pay... that's crazy !!?
  7. Update : I mixed up the names of the Credit Bureau ... Tranunion and now Experian deleted the Item but Equifax states the debt is verified. I actually just posted about how to go about a 2nd round : https://creditboards.com/forums/index.php?showtopic=614571 if anybody is interested to follow or maybe has an idea about 2nd round attempts.
  8. I have been successful with my 1. dispute letter at Experian and Transunion, but Equifax did not delete the bad item ( which was a late payment) Any suggestions who to go about round 2 with Equifax? Do I do ask how the item was validated ? Contracts, Recordings , Signatures .. how the Data is Collected / Stored or similar like I would with the Collection Agency ?
  9. I doubt it.. its for about 170 bucks from Time Warner who is out of business now..
  10. Update: Just got the 1. letter / report from Equifax : Item deleted ! I also got a little success for myself .. I got my first Amex ( Delta Gold when they offered the 60k bonus points ) I will send the next update asap..
  11. @mush1077 I'm assuming the law is different from stat to state but you can look it up under the dmv website of your state.. these are the general infos about the law in California : https://www.dmv.org/ca-california/automotive-law/lemon-law.php but as I said, when you get in contact with the corporate office ( after you go back to the shop / dealership to get your recored of the repair attempts printed out / of cause without telling them the real reason you need them for) , the corporate level is more concern with keeping a reputation for the brand and customer satisfaction, which are always good keywords in a conversation .. verbally of in written form. .. so just try your look with good preparation in advance. If if you have problems and this is a real burden on your financial situation, maybe you want to get legal support ( maybe get a legalshild membership for 29 bucks where you can get some free advise to see if you have grounds to win the case, and they will recommend the right later in your area. )
  12. @bigbear I'm assuming PIF Lifestyle means .. Pay In Full .. thats defiantly a principal I will apply .... grateful I learned the lesson before I was to late. I don't really have any loyalty towards any Hotel / Brand but I use hotels dot com which gives you the average of the 10th night free so pretty much 10% is pretty good since the prices are mostly one of the cheapest in comparison ( it's owned by expedia ) But $49/year and a free nigh sounds great !
  13. .. i feel you I didn't want to listen to my girlfriend... bought a Chrysler ( which is pretty much the same as a dodge) ... nothing but problem.. even when I had a brand new one as a rental car.. mush1077
  14. @mush107 I was able to pay off around 80% of my Credit card balance and my Girl added me as a consignee to a credit line of about the same amount which I had in credit before, so the score shot all the way back up to where it was. So that lets me know that the Credit/debt ratio is the most important factor ( if you don't have any baddies on your record) The Lemon Law kicked in, because I keep bringing the car back to the Dealer/Service with the Problem ( minor noise coming from the department). So the Lemon Law kicks in, when there is a problem and you keep bringing the car back for the same problem at least 3 times and it doesn't get fixed. ​The collection is probably what is holding you back on a higher score .. If you can manage to get it off, it would probably bring you up about 30 - 40 points , thats what happened to mine. ​Now .. Important !!! You should have all the documents of the repair or non repair report !? The law is effective from the first time you brought it in for a repair, so the driven miles ( for the usage deductible ) count from the first time you bout it in. Did you claim a buyback before the Warranty was up ? That is the effective date since the process takes a while of the buyback. You should contact the corporate office of your car manufacturer ( which handles the buyback process ) and see what your options are. I notices that alot of stuff is based on curtsy and customer satisfaction in the buyback process. I had a damage on the car etc. but the still didn't give me any problems, instead they will send you alot of surveys after the buyback is done. So keep that in mind ! .. they don't really go by the law, more buy customer satisfaction!
  15. Yes @cv91915 it sure was .... live changing! I was fortunate to be able to return my beloved Chevy Camaro under the Lemon Law and was than able to pay off my credit card with the balance. During that time I had 2 auto loans. Not sure if the payoff of the auto loan had an impact on may sore, but the 36 months good payment history for the low sure has. I got approve for a 2.5% refinance with DCU verses a 10.5 % current auto loan with Alley. So yes currently still 5 credit cards , 1 car loan and cosigned on 1 credit card. I will pro probably shoot for 4 more cards. The current cards have decent average age .. about 5 years and all are without annual fee except for the capital one which is the oldest - $5/year. To be honest this was all a big lesson and I'm planing to only use the cards when I have the money and pay them in full on the due date. paying 20% and up in interest is just bad and should be avoided if possible. I noticed if you don't have the money now .. you probably won't have it then .. ( of cause that's a little generally spoken.. but mostly applies for luxury .. for emergencies or expenses which can be covered with an eventual tax refund in a couple of months it may be different) A good tip for extra income to start paying down balances ... I can recommend driving uber / lyft ... it's fun ( good money depending on city) and can be done anytime ... Helped me a lot .. if anybody is interested .. I'm glad to help get it started.. also to share my earnings .. not sure if I can post them here with screen shots, but I found my system at $20 -$25+ /hour ( in Los Angeles) As far as new cards I'm looking at a United Airlines Visa and a Delta American Amex maybe a good Hotel card ... if somebody can recommend one.

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