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Everything posted by usermi

  1. The same problem happened to me for my lowes card (was very busy and totally missed both the card promotional balances) and they took a couple of days to credit my account, they mentioned that there's a grace period of X days where if you pay the balance owed on that interest they will take it out, forgot to ask if that was lowes rule but was under the impression that it's law.
  2. Hi guys, I missed paying off my balance for a promotion so I got a 1,050 interest charge, called them and I believe by law there's a grace period? so they agreed to refund that charge, they're telling me up to 2 billing cycles, are they nuts? The same happened with my lowes card and they refunded within 1 day, are they running a scam or 2 cycles is normal? Thank you in advance.
  3. Hi everyone, Back in 2011 had a rough period where I had to do a short sale and some CC charge offs, below is my situation: - Bank of American - Short Sale - CRAs report as "at least 120 days or more than 4 payments past due", "120 days past due", "account legally paid in full" - Capital One CC - (still have this card) late 2011 had late payments, CRAs report as "120+ days past due" and "150 days delinquent" - Bank of America CC - (closed acct) late 2011 charge off - CRAs report as "120+ days past due" and "Charge Off/Other Derog" - Barclays Bank of Delaware CC - (closed acct) late 2011 charge off - CRAs report as "at least 120 days or more than 4 payments past due", "payment after charge off/collection", "account legally paid in full" I'm about 13-14 months away from these falling off my credit report, I went ahead and had my old addresses (tied in to the baddies) removed except for Equifax, I called them and they put a request to delete, they asked for my email to send the results, so I should know if a few days I guess if they agreed to delete. My question is if at this point being the sixth year is it going to make a lot of difference in my credit score to successfully take out 1 or 2 of my charge offs/the late payments? If not then maybe I should just do a quick dispute of them online and maybe I get lucky and one or two get deleted since my old addresses are gone? Any opinions will be greatly appreciated. Thank you!
  4. Hi Mendelssohn, One of the main factors for applying for new cards is for my utilization to improve my credit score, not sure if any particular card is more valuable to the credit bureau formula. Another factor is that I'm trying to use just one card to track my business expenses (light travelling, mainly things related to renting houses and stocking vacation rental), using the American Express Premier Rewards for business and the Chase Freedom for personal, I could use another card for business when they don't accept american express but mainly it's for credit utilization purposes. Should I begin with applications to X number of cards or start with asking for CLI (the ones left seem all the hard pulls)? Or do I have enough cards for now and should just ask for credit line increases? Haydeno, At this point if I can't make the heloc work it will be totally fine, a little tired of the rat race so maybe I won't grow to much this year with my business but would be nice to relax a bit and enjoy life! Thank you guys!
  5. Hi everyone, I have finally paid off my CC cards (seems like a dream!) I have the following cards and the limits: Venture One card - $6,000 Chase - $15,000 Michigan Schools and Government Credit Union Visa Titanium - $10,000 Lowes - $17,000 HomeDepot - $7,000 (which is not getting reported on my credit) My Best Buy Citi - $5,000 American Express Premier Rewards My scores on Myfico,com are from 720-730, I was planning to apply for a HELOC but issues with my late taxes are putting a hamper to this and I was thinking maybe I can apply 3 months from now, it's not a necessity right now to be approved for a HELOC though so if it hurts my chances for a HELOC it will be ok for me to wait even longer. Was is the best strategy to increase my credit while taking the least hit to the my credit score. Based on my current setup what cards would you recommend to apply for? (I know for chase I qualify for any of their cards), should I apply for CC increases in one shot for all my cards or do one, wait a few weeks, do the other, etc (Venture one is a soft inquiry, the rest seem hard pulls) Thank you very much!
  6. Hi guys, I'm about to start requesting that my old addresses be deleted from my report. The only issue now is that I just bought a house a week ago and I'm in the process of moving. I imagine that I should try to delete old addresses asap since if my new address shows up then I might not want my current address to be deleted (nothing negative happened under my current address), does this make sense to you guys?
  7. Hi guys, I'm ready to fix my credit and make it the best it can be. I know I need to: - Get my paper credit reports ((so far I only have one) - Post report here? - Call bureau and delete old addresses that are not tied in to anything positive in my report. Then I guess I can start tackling the negatives with the help of you guys. - short sale in 2011 - Settlements of a few credit cards in 2011 - a couple of lates I was lucky enough to borrow some money from family and was able to pay most of my credit card debt which took my credit scores from low 600s, to high 600s, my goal is to get to at least 740 by the end of the year. I know I need a strategy to tackle the negatives, also I need advice about applying for credit cards that will help my score, and if I should let hard pulls happen to try to increase my credit limit since I don't plan to be using my credit for the next few months and anything else that you guys suggest I should be doing to push the score up. If I'm missing something let me know, Thank you!
  8. Well the saga with the lender continues, it seems that we won't make the closing, this is after i was after them to get going and they told me to settle down when things are ready they will let me know, i did waste 3 days bc i couldnt find a contractor for an estimate but it was mainly them, now I have to pay to keep my rate (I see the market gas gone up .25). Is it usual for a bank to pay/partially pay this fee under these circumstances? Let's say I get the clear to close today what would be the soonest that I can expect them to do a closing? I already rented my current house and the people moving in 3/1! Thanks!
  9. Things point to that or maybe she's going thru some personal issues, she did my previous mortgage and I was raving about her, very, very surprised at her attitude now. I would hate to start from scratch again even though I might save .25 of a point but I would have to tell the seller about extending the change of lenders and extend the closing, seller would not be very happy.
  10. Well, i think my file already went to the underwriter 2-3 weeks ago (been doing this process since the beginning of the year), unless everything goes to them after the appraisal; appraisal findings came on Friday, found a couple of small issues that need to be resolved (paint chipping related), loan officer said the underwriter will tell us what can be done (fix or escrow). So it seems that the loan officer is mad that she has to do the extra work, hasn't been as nice or helpful after I forced them to submit the pmi cancellation (which they didn't want to do initially), so i emailed loan officer some questions about the timeline and the response was along the lines of "do u think im witholding information from u? when i get any news i will let u know", basically she's telling me to stop asking and sit like a puppy until she says jump, so now I can't even plan, of course I wrote back and this time didn't ask but demanded an estimated timeline and if we might need to reschedule the closing, sent it during lunch time, haven't heard back yet.
  11. Thanks Brian so in the case that I decide to switch better stop them before they request a new case number? Also there were a couple of issues from the FHA appraisal, i asked the loan officer how to approach the issue, she said underwriting will tell us, been 4 days and it's still on their queue nobody has looked at it, is this normal or am I being to impatient? Thanks!
  12. I should add that they mentioned that they don't think the new numbers will be assigned until after Monday, so I'm guessing they already cancelled the old case number.
  13. I got my lender to file the cancellation after I pressured them, they haven't been very helpful after this, im already giving up a better rate from other lenders because of my loyalty to them and of course they werent willing to cancel the old pmi initially so after this bs I'm ready to jump to another lender if they keep being like this. My question is, IF they cancelled the old fha case number, how much of a challenge would be for me to switch to another lender?
  14. Because I couldn't let a good opportunity pass by, ideally it would be like you say but I had to pull the trigger otherwise I would have lost the property most probably. So if you call a CRA about something that should have dropped out, will they say that they will create a dispute or will they just delete it?
  15. Hi, I'm about to create a game plan to raise my credit score. I think i read somewhere here that I should use the hard copy bc it has more info than the online copy, is this true?
  16. Shifter, calling the CRAs for this situation will a dispute on the credit repor? or they can take it out without any dispute put on the file? I have something similar but I'm in the middle of a mortgage application so not doing anything until I close.
  17. I was in a similar situation a month ago, I paid off my cards(5 cards), got a couple of the cards to raise my limit without doing a hard pull, 3 had already reported, called the other 2 MANY times speaking with different supervisors, got the right ones finally and they made an exception and sent my current balance the next day, some credit card companies will automatically report the balance if u pay it off (capital one I think is one), good luck, it was a stressful adventure but raised my score by around 50 points in my case.
  18. Thanks Brian, so if they don't cancel, what exactly am I transferring? In the case that they take their time how long could it drag? Thanks!
  19. Some news, talked to a person in Quicken Loans and showed him the link about the cancellation of case numbers and he said that at the moment they were not cancelling FHA case numbers. I'm still waiting for my current lender to respond to my email about cancelling case numbers, in the case my lender doesn't cancel case numbers either, is anyone cancelling case numbers? supposedly today is the first day to submit applications to cancel.
  20. fha is allowing us to cancel case numbers.... we cannot order a new case number until the 26th? appraiser should be able to change the case# on the appraisal. Yes, thank you, nice to hear that they implemented this critical update, I can sleep good tonight now
  21. Thanks Brian, I appreciate all the help! If this doesn't work in my favor maybe this could give me an opportunity maybe to seek out a portfolio loan, not sure if the numbers would work, property is 130K, I can put in 25% down, had a short sale in nov 2011 (thus FHA), my middle credit score per my application is 680, current lender was giving me 3.75%, 30 year, 5.327 apr. I have 3 rental properties, 2 clear (worth about 85k and 135k), 3rd has 58k mortgage (worth about 140k), primary has a cash out owed 68K (worth about 125K), have a 38K loan, 0 credit card debt, make about 90K, do you think I would have a chance to do better with a portfolio loan?
  22. Do you think calling FHA directly and explaining my situation will help? and do you think the ideal lender could have stopped any FHA appraisals right when they got the announcement and notify the applicants? I'm thinking they could of but doubt they would put enough importance to go to that process? Thanks.
  23. It would be ok to apply now you just wouldnt want the bank to pull the vase number from fha until after that date - the case number is needed for the appraisal so you would need to coordinate that if you put in an immediate offer after application and it was accepted - If you get into contract at or close to that date things should be fine - B If they will not work with you to change you could switch lenders - They should be able to cancel and get a new case number - It may require paying for a second appraisal if the appraiser wont cooperate? Typically an appraisal for fha stays with the property for 6 months - because I havent had this scenario play out I am not sure how the appraisers are adjusting (or not) to the situation - hopefully they will be willing to change case numbers?? When are you scheduled to close? Will the sellers (assuming a purchase) allow for an extension since waiting until the 26th for the case number is probably going to put you back schedule wise.... I'm scheduled to close by 2/20/2015, I will talk to them about an extension. Do you think if it's redone to do the fha appraisal the 1/26 and last date to close is 2/20 will have a good chance to close? I just hope the FHA doesn't create issues with the appraisal date, now when did the letter get sent to lenders? I wonder if they knew about it on the 9th but in the name of business just went ahead and did it. Thanks
  24. Hi Brian, My bank did the FHA appraisal the 9th of this month, just got an email from the mortgage person and she said that unlucky me, bad timing. What are my options? Drop them and go with another company so they will do the appraisal the 26th? or can I force them to a redo? Not very happy at this point. Thanks! It would be ok to apply now you just wouldnt want the bank to pull the vase number from fha until after that date - the case number is needed for the appraisal so you would need to coordinate that if you put in an immediate offer after application and it was accepted - If you get into contract at or close to that date things should be fine - B

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