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breeaad

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About breeaad

  • Birthday March 20
  1. I am sure this has been answered somewhere, but the search function didn't reveal immediately. So I apologize if this has been answered. My father is selling his house and found in the title research that there is a $4K judgement from Discover that he owes (it is his debt). Is it too late to try to settle this at a reduced amount, or does the judgement secure the amount owed? It appears that it was Discover that sued. Thanks!!
  2. I had a $1K limit on my care credit account. I requested a CLI to $10K and was approved immediately. Credit score was about 680 and my largest CC limit was $2500. I was shocked!!!
  3. I would pay the minimum on the bank loan and as much as I could in the amex. As for the budget question: you need to right down all expenses in order of importance on a sheet of paper. Each month start at the top and pay until you run out of money. If there is money left at the end, put it on the amex. As for the emergency fund, if it were me I would leave it as is if you can get your debt cleaned up in 18-24 months. However, if you carry a higher risk for an emergency happening (you have health issues, you car is on it's last leg, water heater is leaking), those items need to go into the budget as well. Sent from my iPhone using Tapatalk
  4. Socialfiremedic: I apologize if my response or tone offended you. That was not my intent.
  5. This is COMPLETELY incorrect. I don't even know what to ask about your post as this statement is so wrong. I can accurately say in the state of Tennessee you can sell 5 cars per year without a license and without registering any of them. I have been in the used car business since I was 8 years old, and have never heard such a statement from any surrounding state. You should really fact check before you post crap like this You have never "heard" such a statement from surrounding states? Does this mean it is fact that you don't need a license because you never "heard" that before? Have YOU done research on this to know the facts before spouting off? I think maybe you should do some research before posting crap like you did. Start here: http://dealer-license.com/flipping-cars/ And don't insult any other member in your posts again. LKH: I may not be a big contributor to this site because I am not a credit expert. I know my place, rarely advise because I don't have the expertise, and typically come here because I am assured I will get creditable advise from resident experts. I know the advise is creditable because anytime some posts incorrect or misleading information they are called on it publicly so everyone knows not to believe the incorrect information. That is all I was trying to do, as I am an expert in the used car business. Buying and selling cars is 100% legal without a dealer's license. The site you posted is a bogus commercial money making site, no different from Lexington Law that is continuously bashed on this site. They are making money selling ebooks for God's sake!! I don't feel that my tone was insulting, as it is very similar to the responses people get for bad credit advise on here (I have seen much worse from frequent contributors with no response at all). I didn't name call, degrade his/her character, or use vulgar language. I was just trying to contribute to this great site with credible and factual information in an area that I can advise. It is obvious SCM didn't need this advise as he has already said he knows the law in his state, but there are probably a few hundred people who will read this and I wanted to be sure they were not misled by the incorrect information in the earlier post. As for the facts: *Source: www.tn.gov (the official state of TN website. The law was modified about 10 years ago from the motor vehicle commissioner, and my personal friend for over 25 years, Arnold Murphy) Who is required to be licensed? Dealers -- Anyone who sells more than five (5) motor vehicles in one (1) year must become a licensed motor vehicle dealer. Salesmen -- Anyone selling vehicles for a dealership must be licensed for that particular dealership. Auctions -- Any auction house that sells motor vehicles to dealers or to the public. Manufacturers/Distributors -- Any person or firm that manufactures or assembles new or used vehicles to be sold in the state of Tennessee. Representatives -- People who work for a manufacturer or distributor that sells in the state of Tennessee. Dismantler/recycler -- Any person, firm, association, corporation, or trust resident or nonresident, who is engaged in the business and/or providing facilities for the purpose of recovering parts from automobiles and trucks,which have been wrecked or otherwise rendered inoperable as transportation vehicles with the parts recovered being for resale and further reduce used automobiles and trucks to a condition capable of salvage for their scrap content by scrap processors. RV Dealers -- Anyone who sells vehicles designed as temporary living quarters for recreation, camping, or travel use, which either has its own motive power or is drawn by another vehicle. RV Manufacturers/Distributors -- A person or firm that manufactures or assembles new or used RV’s to sell in the state of Tennessee.
  6. This is COMPLETELY incorrect. I don't even know what to ask about your post as this statement is so wrong. I can accurately say in the state of Tennessee you can sell 5 cars per year without a license and without registering any of them. I have been in the used car business since I was 8 years old, and have never heard such a statement from any surrounding state. You should really fact check before you post crap like this.
  7. Barclays denied me on cli on my rewards card twice now. I have a $2500 limit and a 726 tu. Their reason was too much credit availability elsewhere. I have a total of $10.3k available, so I can't see that being the real reason. Sent from my iPhone using Tapatalk
  8. I am definitely not the most qualified person on this site to answer that question, but my understanding is that you are correct. Once the debt is sold to a JDB, you no longer owe the OC and they cannot accept payment on the account. Hopefully someone else can confirm that.
  9. ...and to answer your last question: In my case they dropped the collection immediately, which I have read is common. However, they did sell the account to another JDB. This all occurred within the last few months, and it was a medical collection.
  10. Below is the Address I used successfully: NCO Financial Systems, Inc 140 Sprint Drive Blountville, TN 37617 (800) 877-4127
  11. I recently had CLI luck with two of your TL's. I have a Carecredit account (GECRB) with a $1000 limit. I called and was approved for $10,000 limit. I also got a $500 CLI on a Cap1 account that was at $3500. I have read others who have had good luck with the EO with Cap1 recently as well. You may be able to improve those limits some.
  12. How often does Barclay update the FICO score? Mine hasn't been updated since 1/21. Sent from my iPhone using Tapatalk
  13. My loan is a consolidation loan. Does this mean that I most likely will stay with ACS? After my experience with the goodwill attempts with them I would rather they not get the interest from me. Sent from my iPhone using Tapatalk
  14. Quick update: I have a brand new Ferris in my garage that was purchased under the 0% interest loan that I was originally denied on 12/7/13. That event sparked my research which lead me to find CB. So in under 3 months I was able to use the knowledge I found here to clean my credit considerably and get the loan that I wanted (EQ score improved from 656 to 704) My next goal is an upcoming home refinance to remove the PMI. Thanks to all for the information that made this possible!!!
  15. I have good willed ACS to the point that I received angry responses from them stating that they never remove late payments. A google search will show some reported success stories, but all are 3-4 years old. Sent from my iPhone using Tapatalk

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