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  1. I got an alert from myFico today that I'm 30 days late on a Chase card I rarely use. I was under the impression I had auto pay turned on for the card, but there is a $75 charge on the card that did not get paid through auto pay. I've never been late on anything before in my life and have not had any late payments on any of my reports before. It's currently only reporting to EX, but I imagine it'll hit the other two soon. It's dropped my fico 08 score from 740-693. I have paid the charge, since the annual fee is legitimate (I'll tackle trying to get that removed later. I'll most likely close this card if they aren't willing to waive the annual fee). What options do I have for getting the 30 day late removed? I've been researching online but haven't found anything conclusive. I'm considering requesting a goodwill removal of the late, but I read that that doesn't work anymore. What is your experience in this situation? What route should I take here?
  2. How will it affect him if he just pays it? The collection has completely tanked his scores (granted they weren't super high, since he's 19 and just started building credit)
  3. Long story short: my little brother gets his college tuition paid by VA benefits earned by my dad; he dropped a class and the school didn't return the VA their funds from the tuition paid for that particular class. Somehow he didn't get the memo that the VA hadn't been paid back and the VA is now collecting on him for $349. I've never had a collection so I'm looking for advice on what to do with this and how to help him. He's planning to pay it in full, and would have paid it in full had he known there was an issue in the first place. Will a pay for delete work here? It looks like the collection is directly from the VA and hasn't gone to a collection agency yet (from what we can tell).
  4. Hi guys, so I'm now a year from when I bought my condo and I'm going to start the refi process. Comps have continued to go up in the area and I'm confident I can get my condo to appraise for between $225k-$250k. The DW and I have paid down some debt recently (namely a car and a student loan), so our DTI is pretty low, (approximately 23%) including our current mortgage payment. The thing that concerns me is our scores: the scores listed in my signature/the ones referenced above are Fico 08s, I just checked my Fico 2/4/5 and I'm sitting around 662/688/706 and the DW. Will this make getting a conventional refi (on either a 15 or 20 fixed) problematic?
  5. Thanks Marv! Anything that stands out to you as a potential issue?
  6. Credit Application: Joint App with Wife Your Age? 21, DW 21 Your Equifax Credit Score? Me: 706 DW 709 Your Experian Credit Score? Me: 762 DW 740 Your TransUnion Credit Score? Me: 777 DW 772 How many years have you been on file with Equifax? Me: 39 months DW: 28 months How many years have you been on file with Experian? Me: 39 months DW: 28 months How many years have you been on file with TransUnion?Me: 39 months DW: 28 months YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? 2 open leases in my name only Will this open auto loan be a trade-in? trade in or private sale 1 How many late pays within the last 12 months on the currently open loan? 0 How many late pays within the last 13-24 months on the currently open loan? 0 Your current open auto loan is financed with? Ford Motor Credit Your current open auto loan payment is? Vehicle 1: $289 Vehicle 2: $181 Estimated amount you may be upside down in this vehicle? Vehicle 2: 1700 Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 10 YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? Me 18 DW 12 Total percentage utilized overall? Me 6% DW 3% How many of your revolving accounts are store cards? 3 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) Me 15, DW 9 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0 YOUR PERSONAL INFORMATION How long at your current residence? 1 year Do you Rent or have a Mortgage, or Live w/Relative or Other? mortgage Your Monthly Rent or Mortgage payment? $1250 How long have you held your current job? Me 1 year, 4 years in this industry, DW 2 years Your total provable monthly gross income is? Me $5225 DW $2500 Combined $7725 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) paystub/computerized Is there additional monthly income? What amount monthly? Describe the source. Is the additional monthly income provable? YOUR DOWNPAYMENT Please tell me your exact down payment in cash? up to $2000 Does any credit repository contain any Public Record? no If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? If yes, please very briefly describe. Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 10 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 10 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 10 New or Used vehicle you are considering: Please very briefly describe. New 2016 Ford F150 Lariat 4D 4x4 5.0L V8 lease $40,500 cap cost @36 months
  7. I've used plastiq a few times, haven't had a bad experience yet, but I've always left lat least 7 business days for the payment to be sent. I only use them when I'm trying to complete a spend requirement and I'm too lazy to go buy a VGC and liquidate it. The fees don't justify any regular usage.
  8. I applied forChase Ink around the same time, May 19th, app went to 30 status. Got a letter in the mail which stated denial as "Too many credit cards opened in the last 2 years" Not sure I'm going to recon, don't think it's worth it at this point.
  9. I'll defer to the experts (Specifically Marv), however, to my knowledge you should be alright: I certainly wouldn't cosign for her without employment (btw so sorry to hear that you lost your job, that's never a fun position to be in). If she truly has no other monthly debts, approval will depend on how much the lease payment is: as a rule of thumb debt-to-income ratio shouldn't be more than 30%. For example, if she has no other monthly payment responsibilities and her only payment is the lease and let's say hypothetically the payment is $350/month, her DTI would be 12% ($350/2916 or monthly payments/monthly income before taxes). You could also consider filling out Marv's auto loan application https://creditboards.com/forums/index.php?showtopic=197666
  10. First of all, you're a troll: You are completely entitled to your opinion, and no one here will tell you that you HAVE to use credit in your financial life. That said, just because you choose to use a different type of personal finance strategy ( paying cash for cars, debit cards etc.) doesn't mean you're wrong, you've simply made certain choices that affect how you handle your money. In the same way, making a conscious decision to use credit to your benefit in a responsible manner is also a perfectly reasonable financial strategy. Just because a person chooses to finance their car does not mean they can't "afford" it means they made a different choice than you did. People can be irresponsible with cash and people can be irresponsible with credit: stupid is stupid, whether it uses a credit card or a debit card. Just because I don't agree with you doesn't mean you're wrong, however, attacking this forum because you don't agree is unnecessary. Further, I do not think you fully understand the point of using credit cards: no one on this forum would encourage anyone to finance a TV or furniture. The idea is to buy something with your card, get rewards, pay it off and then repeat. If you don't have the money to pay the item off before the statement cuts, you shouldn't buy it. The greatest and most common advice you'll hear from virtually everyone one this forum is PAY IN FULL. If you want to live like Dave Ramsey and leave thousands of dollars from credit card rewards on the table, go for it, just don't try and judge other people's financial decisions.
  11. Sorry to hear this; I had a similar experience about two years ago, the dealer hit TU 6 times, EX 3 times and EQ 8 times: total damage of 17 inquiries. Turned out the dealer was very sketchy and had done some really strange things with the deal, so I ended up returning the car after 72 hours. Regardless: I ended up with 17 new inquires and no new car. Even though they don't affect my score at this point I'm just excited for them to fall off later this year. Since then I've always gone shopping with a Pre-Approval in hand, rate already secured. I don't trust a dealership to "get me a better rate" any more
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