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ccn3

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Everything posted by ccn3

  1. This forum is just full of arrogant jerks who aren't nearly as smart as they think they are. You can't post anything on this forum without people misinterpreting it, and then having to attack you for it. It's no wonder the site is dead now. I remember years ago it had a lot more traffic.
  2. As the point that AMEX has more defenders and less detractors than others went over yours.
  3. It's crazy how defensive people are over AMEX. You don't even have to say anything bad about AMEX, and all these people still come out of the woodwork to defend them. Get off AMEX's nuts, they are just another lender. They lost their prestige long ago.
  4. Why not? It's not like AMEX is more prime than some of the others that people like to call subprime.
  5. At least nobody was calling AMEX subprime for it.
  6. 😁 I'm not complaining. I just think it's funny how nobody cares when Amex does this, but if it was NFCU, Discover, Penfed, USAA, or Cap1 you'd have people on here saying this is why you shouldn't deal with these subprime lenders.
  7. Some people have to learn the hard way. 😂
  8. It makes no difference as far as FICO is concerned, but you don't want to be one of those fools who has all their cards with one lender, and then is screwed when that lender suddenly gets stupid and decides to close all their accounts.
  9. Someone reported that customer service told them they are doing "right sizing" for accounts with minimal spending.
  10. You have enough credit cards for FICO scoring purposes so there's no point in getting another secured card. I wouldn't apply for another credit card until your score is high enough to get an unsecured card that has a reward structure that's beneficial for you. It always takes longer to go from the mid 600s to the 700s than it does to get out of the 400-500s. I think you just need patience at this point.
  11. There are some who would say this is subprime lender if it was a credit union that did this, or Discover.
  12. They specify landline at the beginning of the article, but later they say landline or mobile gets you a better chance of approval vs skype. I don't think they are actually penalizing people with a cell but no landline. Over the next five years AI is going to complete change the underwriting process, and eliminate a lot of jobs in the field.
  13. They are probably both in the 800 range, so it makes no difference. The article might have been interesting if they gave their actual scores, and what the differences were in their reports.
  14. Just trying to figure why exactly you think Visa will cave on this. Certainly if other chains follow Kroger's lead then Visa will have no choice, but they will win this battle if Kroger is left to fight it alone. JMHO, time will tell who's right.
  15. And you're still not making a coherent point.
  16. I could be wrong, I don't have kids so I shop at Kroger or Publix, but I imagine for people with big families Costco is cheaper, and I suspect it has a more affluent clientele. I can't imagine a lot of poor people paying a membership fee to buy groceries. I am not sure what you're referring to with Costco, the fact that they used to only take Amex and now they take Visa at a lower rate? That's a completely different issue. Visa isn't just going to capitulate on fees without an exclusivity agreement, and Kroger does not want to stop accepting Mastercard, AMEX, and Discover. Without that Visa isn't just going to capitulate, and end up having their margins cut everywhere. I think they would rather protect their margins and lose Kroger than to keep Kroger and have everyone demanding a fee reduction.
  17. There's a big difference between Costco and Kroger. Costco is for discerning consumers with a credit card for every occasion. Kroger has a ton of customers who only have a Visa credit card, or their other cards are maxed out.
  18. I have to give them credit for being willing to stand up to Visa. Unless some other big chains join them though they are going to end up having to back down.
  19. I feel left out of the DCU FICO party. Maybe I should join just for the FICO.
  20. ccn3

    B of A secured CC

    I would try each of them until one says yes, and if you can't get any of them then you will just have to give it some time. You might as well try though, after six months the inquiries won't really matter.
  21. ccn3

    B of A secured CC

    I IIB'd BoA, and app'd them 5 years later. They denied me, but offered me a secured card. I would consider the Discover secured card before Wells Fargo.
  22. A good mechanic can tell you how a car has been maintained, and if any problems should be expected. I have never had problems with a used car. There's nothing wrong with buying new if you get a good deal and can pay cash or finance it at 0%. Personally though I've always come out great buying used cars cash and self-insuring to skip the huge collision premiums that are almost as much as the car payment. It works out far better that way if you're a good driver, and you have a good mechanic who can help you find a quality used car.
  23. The masses are stupid, so... They should buy their cars cash too, but they don't do that either. It's fine with me, it just makes the used car market that much more attractive for me.
  24. They've been doing 6 and 7 year auto loans since before the last recession. It's crazy. Delinquencies are only up though because the number of loans is up. The percentage of auto loans that are delinquent is actually down.
  25. That's awesome! I bet you never expected to have an Amex card again.

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