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  1. If the Big Three credit reporting agencies decide to go head-to-head with Fair Isaac & Co over its unique secretive algorithm, banks credit unions and digital financial institutions can choose which part of the credit scoring element they place more weight on applicant profiles. Based on my observations of two conglomerate entities that affect hundreds of millions of consumers across the country, the Vantage Score is centered around available credit, debts, and the amount of money you have, so if you are exercising AZEO to strategize your Vantage Score, it will be high; you carry less debt you have, the more effective it will be for your score. My recent binge applying credit has indeed confirmed the empirical data of adding 4 new tradelines accounts has less crippled fragmented points that had no negligible impact on my credit report. As if the combination of your entire credit history age plus credit elements mix is downplayed by VantageScore or unimportant to the selective algorithm, the divided pie chart structure of the six components gives you an idea of how VantageScore calculates the total score. (FICO score has 5 components)
  2. Any card you apply to Synch ends up being a potential disaster, worse than the evil twin's other half, Comenity (didn't see them close accounts recently). The OP says, "sticking to the course definitely pays off!" So, credit limit hell is coming. Correctly, portend by Robin. Given that it's all going down the drain.
  3. The provided statements mentioned by VantageScore are true, however, unfortunately, the big banks and big credit unions mostly offer VantageScore to educate their customers, and rarely make use of underwriting loan purposes. "More than 3,000 unique users of VantageScore credit scores, including over 2,600 financial institutions. VantageScore credit scores used in underwriting/account opening decisions increased by 620MM or by 132% compared to the 2019 study. Nine of the 10 largest banks and 43 of the 100 largest credit unions used VantageScore credit scores in one or more lines of business." Home - VantageScore
  4. I am getting approved for credit from left and right prove that it's still loosening and not as tight as yet. It's not the primary customers that Capital One is losing money on, but those who have mid-level or subprime status clients with very low FICO scores. I'm receiving a balance transfer from them weekly so that trend looks good other than the potential CLD risk it imposes (if you don't use the card more).
  5. MP80

    DCU CC

    Nice to see you, Hege! Oh wow! 5 years of no activity, no card can beat that and continue to stay open. So, is the account still valid and can be used to make purchases of goods and services?
  6. I see PayPal scams every week and I just delete them. The good news is I know I don't have a PayPal account so I can be sure this is a scam. Every week I get a different scam in my email, mainly a Gmail Geek Squad scam from various entity, and every time I see it, I delete it. You hover over the sender's address, and it's clear this isn't a legitimate sender you know, and you see letters that don't make sense. Occasionally I get an email from Microsoft telling me that someone in Russia has logged into my Microsoft account, which looks legitimate, but I'm not going to be fooled.
  7. I have Alliant Checking and Saving with no maintenance fees. Chase has some requirements just like Bank of America have for free checking if you have direct deposit or maintain a certain average monthly balance on the account.
  8. There are so many credit bureaus in various screenings that it's impossible to keep track of them all. You check out the list here and you'll be astonished at what it contains. https://files.consumerfinance.gov/f/documents/cfpb_consumer-reporting-companies-list_2022.pdf
  9. I used to deposit $500 in a PenFed Access America Checking account to avoid the monthly service fee until they created a new product with free checking, then I closed the account and opened the latter. All my checking accounts now have no monthly maintenance fees or monthly service fees. I have a hard time understanding why people pay a monthly fee to open a checking account at a big bank, wouldn't the banks that offer free checking also do the same job without paying the fee? We've been discussing and talking about personal finance on and off on different topics related to having an emergency fund for a rainy day to see how you can ensure you're helping yourself or anyone else in the event of a layoff or furlough. Everyone will encounter unemployment and such difficulties at least once or twice in their life, not to mention more misfortunes or bad luck along the way, and money is always the best solution to the problem. As HP mentions, people living in low-income poverty need to have at least $1,500 sitting there to avoid maintenance costs or park money there in case they might deal with future emergencies.
  10. Thanks for the link you posted, I didn't go through everything on the Fidelity site. I don't think I'll be ordering an extra checkbook in my kit just yet, keeping track of adding another unused checkbook to my finances is too much.
  11. Thank you! @TeachMeMaster, I have to agree with Shifter's assessment of NFCU's position. At this juncture, NFCU will reject your application citing past account closure. You need to pay them back first before you even have a chance to be considered for any future loans.
  12. I think Fidelity allows you to get a debit card not just through the cash management account but through any brokerage account. I'm a bit surprised this card is issued by PNC Bank, not by Elan Financial. It gets confusing if you read narrative notation that facilitates other entities.
  13. I think the unbiased way to solve this problem is to apply credit limit exposure to each customer, which is considered a balancing strategy within the guidelines of financial institutions. I give kudos to BOA and NFCU for their maximal lending policies, two of the most discussed exposures in public forums. Assuming that the individual's credit profile is sufficient for such a consensus, then, the bank should be accustomed to the customer's request.
  14. I see that this is your second decline of CLI by Goldman Sachs, sorry to hear that. A week ago, Goldman Sachs reported that it had lost billions of dollars in earnings. I think the main reason for your rejection is the combination of several factors related to current economic trends, adding to Goldman's severe losses from consumer write-offs and bankruptcies. Of course, no one wants to be turned down for a credit increase with excellent credit, however, some banks target those who have ~300K or more across the entire credit cards portfolio, which makes them skittish to give you more credits, so, the situation has nothing to do with you.
  15. I'd probably follow in your footsteps and open a CMA account for security protocols, and speaking of debit cards, I've had too many with banks and credit unions; having a Fidelity debit card is not a problem. The Fidelity Visa credit card that customers like us can apply for is Elan Financial, anecdotally and it is said that Elan Financial Services is a leading credit card issuer for more than 1,700 clients to suit banks and credit unions across the United States, whether it complies with US Bancorp policies or not unknown. As a caveat, never default on any USBank credit products, if you do, you will, later on, be declined for a lot of credit products to apply to (a thousand banks to deny you is scary). Fidelity Investments used to offer an Amex credit card, which is no longer available. You and I have the same Coinbase account, I wonder is it wise to connect both Crypto accounts together?
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