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  1. Effectively, yes. Creditors are loathe to hand out forgiveness because it quickly becomes known and some will abuse it. They also know that in doing so, it undercuts the credit reporting system. Once the account is closed, there is no effective negotiating power.
  2. WSJ [may be behind a paywall] article concerning the upshift in credit scores during and as a result of the pandemic. https://www.wsj.com/articles/coronavirus-tanked-the-economy-then-credit-scores-went-up-11603013402?mod=hp_lead_pos1
  3. Do you live in Smyrna, Georgia or elsewhere? Did you specifically file two ID theft reports for yourself with the local Police and the Federal Trade Commission?
  4. As previously mentioned, AMEX uses proprietary scoring and they don't publicly discuss it. FICO has numerous versions in use, from FICO 2 that was released almost 20 years ago to FICO 10 released this year. They have auto lending versions, credit card versions, mortgage versions, insurance versions, non-traditional customer versions, etc. of each variant.
  5. Rental/leased residences with high rates of turn-over can and often are flagged as such. College towns can see a lot of these.
  6. When people elect to do stupid things with $250, they rarely need an attorney. When people do stupid things with $250,000 or more, they most certainly will need an attorney to extricate themselves from the bog of their own makings. It's amazing what one 30 minute or less consultation can do before hand, even if one doesn't care for attorneys.
  7. A Tesla refurbished battery pack is ~ $5,000. In temperate climates, the battery might get 7 to 8 years of life, but in cold or hot climates, expect fewer years before getting it replaced. A new pack? Upwards of ~$10,000, but it will last the longest. Electric autos simply defer much of the costing. If you want an EV, lease it.
  8. If you have an open account with a financial institution, they have terms that you explicitly/implicitly agreed to when you opened the account. Closing an account is a bit more involved than simply informing the institution that you want it closed and assuming you have no legal obligation to pay additional checks or charges that come in after that date. StarkRaven$ is correct. You are responsible for any additional checks written on the account and any automatic/recurring payments on that account.
  9. Who initiated writing checks and or monthly pay-outs on the account after it was supposed to be closed?
  10. Marketwatch and Quentin Fottrell [assuming that's a real name] provide highly questionable advice. His byline is "the ethics and etiquette of your financial affairs" but it should state "unqualified and questionable legal opinion from a non-attorney that doesn't apply to everyone". Example: he constantly quotes 'community property' as a legal basis for his opinions, yet the US has only 9 community property states. 3 other states have optional systems for 'community property' and Alaska allows for spouses to create a community property trust. Assuming all states at most, that's only twenty six percent of all states. He fails to mention that law is subdivided into civil and criminal law, then fails to address the application of criminal law [elder abuse] into what is essentially civil [family] law. Mary can try to shop her "claim of elder abuse" to local law enforcement, but unless she's locked in a dilapidated RV down by the river with no water, no sewage disposal, no food, etc.; she is extremely unlikely to find a criminal prosecutor willing to file criminal charges to provide a de facto enforcement of a civil claim. Assuming the worst in the situation, is Mary willing to have her daughter criminally prosecuted and potentially jailed? In many cases involving parents and adult children, that answer is no. Mr. Fottrell has no legal education, no legal training, is obviously unfamiliar with the US legal system [he is an Irish emigré], and his only professional qualification is that media outlets have employed him as a "reporter" and "writer". His C.V. is markedly absent and the only thing I could find on the internet is a reference to having "..studied psychology in University College Dublin before switching to journalism in University College Galway..." and "graduating from University College Cork". Did he even take an ethics class?
  11. I owned two Honda Accords, a 1987 LX and a 1991 EX. They were both MIJ and brand new pieces of junk when I purchased them. They had numerous problems with mechanical, brakes, transmission, and electrical issues. A 25 year old vehicle is going to nickel and dime you to death, even if you are a ASC certified master technician and your labor is free. Good luck on the mortgage hunt and try to get as close to 20% down as possible to get ride of PMI as soon as possible.
  12. I ran it through the source and it isn't showing the above deal. https://chryslercapital.com/offers I used 2020 Jeep Wrangler for purchase as the variables. This is a nationwide offer and regions may offer some other incentives, but the Wrangler isn't usually a incentivized vehicle.
  13. Is this a FCA captive financing deal? They are only showing a nationwide 2.9% APR for 60 months on Wranglers and since the Wrangler is a very popular vehicle, they have no trouble moving them and rarely negotiate pricing.

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