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Demantoid

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  1. I asked for a CLI from $10,000 to $15,000 on Sunday and it was instantly approved. No HP. My account was open for 12 months and I've never asked for a CLI before.
  2. We have run out of space at our current office and found a larger and nicer building. I can't remember if the credit pull to rent a business space is a hard or soft pull. My reports are frozen, so if it's going to be a hard pull I want to steer them to the agency where I have the least inq's. Does a credit pull to rent business space show up as a hard?
  3. Just an FYI, I got an email from Chase and Target today regarding unathorized access to email addresses. I've copied the one from Target below. The one from Chase was essentially the same. To our valued guests, Target’s email service provider, Epsilon, recently informed us that their data system was exposed to unauthorized entry. As a result, your email address may have been accessed by an unauthorized party. Epsilon took immediate action to close the vulnerability and notified law enforcement. While no personally identifiable information, such as names and credit card information, was involved, we felt it was important to let you know that your email may have been compromised. Target would never ask for personal or financial information through email. Consider these tips to help protect your personal information online: Don’t provide sensitive information through email. Regular email is not a secure method to transmit personal information. Don’t provide sensitive information outside of a secure website. Legitimate companies will not attempt to collect personal information outside a secure website. If you are concerned, contact the organization represented in the email. Don’t open emails from senders you don’t know. We sincerely regret that this incident occurred. Target takes information protection very seriously and will continue to work to ensure that all appropriate measures are taken to protect personal information. Please contact Guest.Relations@target.com should you have any additional questions. Sincerely, Bonnie Gross Vice President, Marketing and Guest Engagement
  4. They were for me at least. For both my Parents Plus and my Perkins loan. But they aren't for the OP. So what permissible purpose does the school have in this case? I thought she was applying for Parents Plus loan in addtion to goverement loans? If that's the case and she hasn't alreaady been approved, I can see the need for the form becuase Parents Plus loan is congient on credit. Otherwise if she's already applied and been pre-approved and all funding for school is at 100% there is no need for the form. If the OP defaults then the lenders will send them to their Ca's not the school. The school would have already been paid for by the loan disbursments, thus removing the school from having to send it to collections. OP It's obvious who's ever handling your admiissions doesn't know why the form is needed. I'd talk to business office and see if you can get a better answer. Are they denying your daughter admissions because the form isn't signed? I've never had to sign a form stating that University has the right to look at my credit report. However All funding was at 100% with goverement backed loans by the time I applied. The school says they will remove her from all her classes if the form is not signed by the first day of class. She is set to graduate in August and this has never been an issue with the school before. I am 100% approved for the loan already so that's not a problem. I think what has happend is some students didn't get loans that covered the full amount of tuition and they were left with a balance owed to the school. In some cases, the school must have had to begin collection activity and now they want a blanket statement for all students that says they can pull credit reports at will. My loans will cover the whole cost of tuition so there will not be any unpaid balance issues. I'm assuming that if your school is similar, the loan checks aren't dispersed until the 3rd or 4th week of class and tuition is usually due before class starts. Are you saying that your tuition payments are "Bridged" until the actual loan check is dispersed, or tuition is payed out of pocket? The tuition is bridged until check is received by the school.
  5. They were for me at least. For both my Parents Plus and my Perkins loan. But they aren't for the OP. So what permissible purpose does the school have in this case? I thought she was applying for Parents Plus loan in addtion to goverement loans? If that's the case and she hasn't alreaady been approved, I can see the need for the form becuase Parents Plus loan is congient on credit. Otherwise if she's already applied and been pre-approved and all funding for school is at 100% there is no need for the form. If the OP defaults then the lenders will send them to their Ca's not the school. The school would have already been paid for by the loan disbursments, thus removing the school from having to send it to collections. OP It's obvious who's ever handling your admiissions doesn't know why the form is needed. I'd talk to business office and see if you can get a better answer. Are they denying your daughter admissions because the form isn't signed? I've never had to sign a form stating that University has the right to look at my credit report. However All funding was at 100% with goverement backed loans by the time I applied. The school says they will remove her from all her classes if the form is not signed by the first day of class. She is set to graduate in August and this has never been an issue with the school before. I am 100% approved for the loan already so that's not a problem. I think what has happend is some students didn't get loans that covered the full amount of tuition and they were left with a balance owed to the school. In some cases, the school must have had to begin collection activity and now they want a blanket statement for all students that says they can pull credit reports at will. My loans will cover the whole cost of tuition so there will not be any unpaid balance issues.
  6. Yes. It's legal. You absolutely have the right to refuse to sign it. However at that point you will not receive the loan. No one can force you to sign/agree to anything, but by not agreeing they're not required to provide the loan to you. I already have been approved for the loan. It's approved by the government, not the school. The school cannot cause me not to get this loan. The school has nothing to do with approving or denying me regarding the loan. What they CAN do is remove her from all her classes. Let me phrase this another way. Is it legal for a school who does not provide credit to you to be able to pull your credit at any given time?
  7. I think the big deal is she just doesnt want anyone to access her report(that doesn't know what they are doing) because she signed the form. The big deal to me is that the school is not providing credit to me. The government is. I don't believe I should give the school permission to pull my report at any time as they are not the lender and I am not in a credit situation with them. If they said "If you have a past due balance on your account which requires collection action, you authorize XXX college to pull your credit report at any time we deem it necessary" I would have no problem with that. But I don't want to give them open-ended permission to pull whenever they feel like it.
  8. Thank you for this information. I'm not a member of any of those CU's but now I know there are other options to consider.
  9. We do fill out the FAFSA but (from what I understand) I also have to apply for the parent plus loan since my daughter is still my dependent. It is credit based. My daughter talked to the financial aid manager who first told her they need that statement signed so a collection agency can pull your reports if there is a balance due to the school and they sell the debt. My daughter responded that a CA can pull reports anyway if the debt is legally sold to them (I'm so proud ). He left the room and then returned saying they don't sell the debt, they let a CA borrow it and they can pull it back if they want. Even though there's no chance there will be a balance due (and if there was I would have no issues paying it) I am uncomfortable siging something that says ANYONE at this school can initiate my credit being pulled if they deem it necessary. How do I know that everyone in the financial aid office knows what they are doing and won't pull a report without good reason. If the form is signed I've basically told them that would be OK. Can anyone think of a way around signing the form? Are they in violation of any guidelines? This is very interesting. I'm still a student, and even when I was still a dependent and had to include parents on the FAFSA, my parents weren't REQUIRED to do the Plus Loan? It was given as an option, if we needed the additional fundage. I think this became required in the last few years but I'm not sure. I was required to apply for the Parent Plus loan when my other daughter was at a different college so I dont think I can get out of it.
  10. We do fill out the FAFSA but (from what I understand) I also have to apply for the parent plus loan since my daughter is still my dependent. It is credit based. My daughter talked to the financial aid manager who first told her they need that statement signed so a collection agency can pull your reports if there is a balance due to the school and they sell the debt. My daughter responded that a CA can pull reports anyway if the debt is legally sold to them (I'm so proud ). He left the room and then returned saying they don't sell the debt, they let a CA borrow it and they can pull it back if they want. Even though there's no chance there will be a balance due (and if there was I would have no issues paying it) I am uncomfortable siging something that says ANYONE at this school can initiate my credit being pulled if they deem it necessary. How do I know that everyone in the financial aid office knows what they are doing and won't pull a report without good reason. If the form is signed I've basically told them that would be OK. Can anyone think of a way around signing the form? Are they in violation of any guidelines? Sadly if you are applying for Parent plus loan.. they need that signed I would think since The PLUS Loan can be provided to you, the parent, as a non-need based loan specifically because it is a credit-based loan, similar to a personal line of credit. As such, it's vital to know exactly where your credit stands. http://www.parentplusloan.com/credit-report/ If you really need the Parent plus loan I would go else where to have it pre-approved, thereby not giving the University authority to just pull your credit at any point.. you would have been pre-approved. But isn't it only vital to know where my credit stands before they give me the loan? After it's been disbursed what difference does it make how my credit looks at that time since they can't pull it back. I don't mind a credit pull to see if I qualify for the loan, but I do mind giving them permission to pull at will whenever they want. I'm also being told I have no choice but to apply for a parent plus loan. If my daughter was married or had a child I wouldn't have to. If there is a way around it I'd love to know. At this point I don't think they are concerned about pulling credit to get the loan, I think they are concerned about any balance that the loan won't cover which they will have to try to collect.
  11. We do fill out the FAFSA but (from what I understand) I also have to apply for the parent plus loan since my daughter is still my dependent. It is credit based. My daughter talked to the financial aid manager who first told her they need that statement signed so a collection agency can pull your reports if there is a balance due to the school and they sell the debt. My daughter responded that a CA can pull reports anyway if the debt is legally sold to them (I'm so proud ). He left the room and then returned saying they don't sell the debt, they let a CA borrow it and they can pull it back if they want. Even though there's no chance there will be a balance due (and if there was I would have no issues paying it) I am uncomfortable siging something that says ANYONE at this school can initiate my credit being pulled if they deem it necessary. How do I know that everyone in the financial aid office knows what they are doing and won't pull a report without good reason. If the form is signed I've basically told them that would be OK. Can anyone think of a way around signing the form? Are they in violation of any guidelines?
  12. As part of a financial aid packet, my daughter's school wants the following statement signed by her and me. "I understand that XXX college has the right to review my credit history by means of a credit report at any time deemed necessary by a Business Office staff member." Can they really ask students to accept this policy? The college itself doesn't even provide the credit, it's federal financial aid. If they pull a report before each loan is approved, why would they need to pull again at any time? I can't accept that any staff member has a right to deem pulling my report a necessity. Is this legal? I plan to refuse signing the form but if they push it, do I have any rights to refuse the practice?
  13. When I applied for my last AMEX, my EX was frozen and they asked me to unfreeze it. I did, but a hard pull never showed up. They must have solely used my internal AMEX score to approve me. YMMV though.
  14. Does the luv button work for JC Penney CLI's every three statements or is it four statements between increases? I got my card in January and my third statemnt is due to cut next week. Just wondering if I can try for an increase then or if I have one more month to wait.

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