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sCHMOE

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  1. -Payments have previously and currently been going to a CA. -OC (not CA) still possesses the paper/contract/note/debt. ← (I believe an error is here) Since "OC still owns the paper", CA has no valid standing or right to collect funds previously paid or paid in the future. Also, time for reporting the delinquent debt to the OC "SEEMS" to have passed despite payments to the CA (where there is no contract/account/debt). Since OC is time lapsed out of the picture (Verification required), I would ask the CA to "Validate The Debt" and remove their inaccurate entry from all three (major) CRA. This will substantiate that the CA is collecting a debt that it is not and has not been entitled to and the consumer is owed a refund. Or, they will validate that there is a contract (debt) between the OC and the CA so continue paying the CA as before. Since payments have been sent to the CA, the clock has already (monthly) been reset regarding the CA if there is a contract, but NOT the OC whether or not a contract exists. I also would like to wager that I have overlooked something so, as no-less than two commentors have stated, I too say, "Find all the paper work and re-read it." In any case OP, I hope the CA can't validate the debt and the CA pays you the money they would rightfully owe you. With no contract between them, they can't send "your money" anywhere without your permission. It's yours. Good Luck!
  2. Thank you MarvBear. Chase Executive Offices - 800-242-7399 Chase Lending - 888-609-7805 (Credit Analysts)
  3. Not unique? Wow. No kidding. I think this trend of lazy workers started in Florida about the year 2000. Just a thought from my perspecitive and yes, I can be wrong. I left the country of California and discovered an odd trend in Florida where employees and (self employed obviously) contractors and Sub-contractors didn't care about there responsibilities which was just the opposite of California. 2-3 months later I land back in California just to find that the Californians acting just like the Floridians... Now the trend seems to be the same across the country. It's beyond me for sure. (SMH)
  4. No apology needed fer nuttin. TYVM However, I was overwhelmed about your health. Can't imagine how you feel. Good luck! Thanks for the Chase Low-Ball/Generous comment. That is a gold nugget to have in my brain. "Moses and Jesus sitting in a bar", there's some money to be had with putting them two together. heheh
  5. Heheh. I was just repeating what Jesus the Chase EO CSR guy told me. I have no idea where Jesus comes from.
  6. Chase has had a lot of reorg? Like the whole banking industry after 2007/2008? I found out that there actually were reasons that there was such a low 7K approval as I was concerned about like my CO from 10+ years ago. Specifically, I found the analyst that the EO transfered me to-to be very effective in telling me why I got the limit that I did. It's still a VISA Signature card! (ain't that odd?). I wanted to know WHY and found out that I was lucky to get one from them at all. heheh - (whew) Admittedly I didn't know where to call to find out the why of that limited approval, Jesus gave me the right number and thankfully transferred me correctly as well. (No. I'm not being religious. That was his the EO CSR's name). To be clear, my magic wand remained concealed at all times and was not need (suprisingly) through this process. Thanks for the clarification.
  7. 1) This number when dialed reports that the number has been changed to 800-242-7399 and when called, they informed me that although someone may be in Ilinois, the Chase Executive Office has never been in Illinois which I can neither confirm nor deny. 2) When speaking to the executive offices I was transferred to 888-609-7805 which was identified as a credit analyst. Executive offices were not able to identify what office/dept that-that number was for. I googled. That credit scoring company web-site came up and said that they were RECON. I was told by EO that they were not RECON but that they were CSR. When Maria answered the phone Chase Lending was stated.
  8. "Are not retail cards" THAT is exactly what I needed and was hoping for. Thank you Very much hegemony !
  9. Although, and of course, I am still agreeing with you, it is for different reasons than stated. Retail cards are virtually worthless potentially more dangerous than the major branded cards.. I see Retail cards as high-risk cards to carry. (hypothetical question) Why would someone carry a High Interest card that carries roughly 24%+ interest, higher penalties and higher fees ? Building or rebuilding credit is the only reason I can see. And if that reason applies, go get one ! Good for you. Major network, bank, branded cards have less interest, penalties and fees. If you have decent credit, you can qualify for more benefits as well (Rewards) like Cash Back and Points and MANY more benefits. "how meaningful can the retail card distinction be for credit risk?" I suggest Zero distinction or higher risk and as far a risk, what about cost to benefit ratio for the cardholder! - SMH And yet, I know, if I can't find an answer for my silly question here, I will be getting and using one myself. (Boooo) (shrug)
  10. I agree with CV as well as hegemony too and appreciate their replies they've offered. Opening a Retail or a Co-branded card are easy-peasy, quick and easy. I have had no reason to open a store card as my Am-Ex, MC's, VISA and Dicover cards are cash back cards. My Arco isn't but some of my debit cards are even cash-back. Rewards a-plenty here. I mentioned the collection account to reflect my know-how regarding Credt Reports and Scoring. I've been doing it for decades and decades. I have 672 - 796 FIco scores and >800 Van 3 scores with that 1 of 4 collections still reporting. That is Top tier credit scores aside from 3 (see sig) and that is with a collection... that is being removed shortly. Multi-tasking eh ? Your advice is solid. How I may have mislead you is that the other 3 of 4 collections are already removed and there is only 1 left. ___________________ Bank VS Retail VS Co-Brand Cards - Credit "Mix" - Are Co-Branded cards classified as Retail or just another Revolving (CC) account? ___________________ My ignorance is regarding Retail Cards. Hegemony (TYVM) has implied through experience (subjectively) that Co-Branded store cards are NOT Retail. If I knew that as factual (objective), case closed. I go get a horrid retail card. No problem-o, but if I can get around it, I would love it. If I offend, I am not only ignorant, but stupid as well. As a long time lurker, I know and highly respect cv and hegemony and their generosity in sharing their knowledge and presence on CB and in this thread. Very righteous behavior.
  11. The collection is, indeed, the largest negative factor that needs to be addressed. It is and will be removed PDQ. In this case a comparison could be my car. If it has a flat that needs addressing, I can't ignore the gas, water and oil. I agree. Credit MIX counts for 10% of a FIco score. ONE account of that mix wouldn't mean a whole-lot. The inquiry, the 2 year 'new account' status, the over-all AOA and then the "lacking account information" on revolving accounts almost makes opening a new account not worth-while at all. The credit report/score game. {eye-roll} Like budgeting, and scheduling - credit report/scoring can't be ignored either. You say, "That doesn't mean the score factors are worth "addressing." Again, I agree - especially when they are commonly inaccurate, however when they are accurate, I take the opposite position. cv, I haven't said thank you. Forgive me. I do appreciate your time, knowledge and willingness to share them. Thank you.
  12. Not equal and Bizarre? Agreed. Although, in my opinion, they 'seem' to be getting better, but I may be being to optimistic as this is a long game. I get "revolving account balances are too high" and they are below the 10% mark individually and over-all. Another dumb one is 'Loan balances are too high" even though they too are below 10%. I think the analyst algorithms have to say something negative, or they feel they aren't doing their job. SMH Speaking of the long game and idiotic analysis; This is a puzzle that I'm wrestling with regarding the Retail/Co-Branding card thing here. I do hope to remove the excuses from the analysis of my CRs. Making sense of it may-be not be possible and could simply be a lost cause. The store card seems to be low hanging fruit, but it would be better if I could get a Co-Brand instead of a high interest low benefit store card. My scores are currently, on average, low, due to the fact that I have 1 out of 4 incorrect collection accounts remaining. My scores are not as high 'normally' as yours although Navy FCU and Pen-Fed give me 850s a lot of the time. I would guestimate that before the 4 collections hit they were averaging about 825 with Fico 8s and 9s as well as Vantage 3. Fico 2s seem to dislike me thoroughly which is another gardening project in the near future.
  13. Your experience is greatly appreciated hegemony. Thank you. My scores (VISA, MC, Am-Ex & Discover + Auto + LOC + Personal Loans) are also mostly 800+/- except for one Experian 9/19/2020 FIco 2 score from NASA(672 OUCH!)). Incorrectly, there is a collection that should be removed after which I'll pull the 28 FICOs. I'm baffled by a collection and 800 scores. I'm stuck in the muck because I haven't been able to decide which co-brand or retail store card so, I have zero Target or Macy's accounts as of now. You have a Lowes card. They have both Co-Branded and a few Retail cards. I have to repeat as it is an irritant to me. "I will get a store (retail) card if I have to". I'd much rather get what I call a real (Co-Brand or Bank) credit card if I can have it count as a Retail card. In all honesty, I think that there might not be one factual, objective answer especially when you take into account the three (major) bureaus and the two (major-ish) scoring companies with their 29 models.
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