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CreditSucksNot

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Everything posted by CreditSucksNot

  1. That is exactly what they will do. I used to be a long time renter and when I was returning to Las Vegas years back I applied for an apartment and listed my previous landlords including one from when I had lived in LV prior to my temporary relocation to another state for a year. The manager from the former complex in LV was more than happy to tell them I was one of their best tenants and they would have no qualms about renting to me again. Understood. Unfortunately for a young woman moving out on her own for the very first time she has absolutely NO track record of managing debt and a year long lease is a big commitment from a landlord and credit perspective. Chances any landlord was going to do an un co-signed lease was zero. The good news is that when she renews they probably won't require a guarantor if there are no major payment issues during the first lease.
  2. ALL of the bureaus do not offer this. Only Experian offers Boost. I do not recommend it and here is why: Your daughter is young and does not have more than one checking account like other posters on this thread who are experimenting with this service. All BOOST does is allow Experian to data mine from her bank accounts and see where ALL her money goes. They then sell that information to other creditors. The biggest reason is currently NO lender gives a boosted score any weight in their decision making process on extending credit. I have seen far too many stories about lenders who require a consumer to turn Boost off prior to sending in a credit app to EX. Especially if it is a mortgage. Boost won't do her one bit of good in building a positive credit profile in my opinion. As @centex said creditors presume you will be paying your rent first. It is how she handled non-essential debt that matters in building a strong credit profile. Her opening a good starter card or secured card and managing that well to build it to a 3 card profile and then ultimately a car loan at some point will build her a stronger profile faster than Bosst ever will.
  3. It is very possible they did. There is either case law or an CFPB opinion somewhere that if the creditor/JDB/CA already sent the information that satisfies DV they don't have to send it again. I can't remember all the details but given that the bar is so low for validation you can trip over it they are simply anticipating the common reaction from the consumer. FYI: This is your third thread on this same subject. You don't need to keep starting a new one with the same question. The answer really isn't going to change. Yes, NFCU can sell your account. Yes, LVNV can buy it. Yes, they did meet the standard for DV. And finally, YES, they are probably going to sue you.
  4. Both what you and @centex said is why I am vehemently opposed to lenders giving mortgages to home buyers solely based on their paying the rent on time. So many of the first time home buyers who are screeching the mantra "if I can pay my $2500 rent on time each month they shoukl just loan me $450k or more to buy a house" under the false belief that the principal mortgage paymen tis the only money involved. Presuming they get past down payment, closing costs, appraisal, and actually do a reliable inspection the mortgage payment is a blip on the radar of expenses once the ink dries on the 3 inch stack of signed paper work and deed that is a home loan/purchase. Shortly after the purchase the "wants" kick into full drive and they go on a spending spree for electronics and furniture. In the short and long run the majority are not prepared for repairs and upkeep and because they don't do a proper inspection and give in to FOMO they buy property in need of full renovation if not at least 3 expensive repairs that they are fiscally unable to handle. Buying a house is WAY more than making the payment each month. It is a never ending list of stuff to do that you either have to be prepared and skilled to do yourself or have the money to throw at it to have it taken care of.
  5. It isn't re-aging. The dates you are seeing is when PRA got the accounts. They cannot report dates prior to their purchase. It does not re-age the reporting time.
  6. I am going to try a different angle. Since you paid Verizon and reinstated your account go back to them and ask why the non-existent balance was transferred to Jefferson and how they suggest clearing it up since you paid them. If they only put it out for collections by mistake they can recall it and tell Jefferson it was paid to them prior to assignment and they need to delete the inaccurate information from your bureau reports. If they sold it to Jefferson after it was paid then I think you have a claim against Verizon and Jefferson. Have you tried sending a letter to Jefferson CMRR with a copy of the receipt stating they need to delete the trade line immediately as this was paid to the OC prior to their getting the account?
  7. Welcome back 2008!!! The entire thought process on this is so flawed it is beyond ridiculous. Why any lender would consider that someone only making their rent payments but over exteneded on credit cards or other debts should be given hundreds of thousands of dollars for a home is beyond me. If they thought the 2008 crash was bad the next one will be 10x worse if they simply start giving out mortgages to pander to the inequity of housing crowd who believes they are entitled to own a home and shouldn't have to to work for it pans out.
  8. My opinion is this: the dismissal was without prejudice so they can refile. What you assumed is that to do that they were required to provide the missing information when they filed. I don't believe you can get a dismissal on that basis. Can you try? Sure but the Plaintiff has the legal right under the RCP to file an opposition to that motion and my educated guess is their answer will be "we have that information and the Defendant needs to do discovery or it will be presented at trial" and the court will deny your motion on that basis. Most states do not require that all the evidence be attached to the complaint at the time of filing. This is what trips up most pro-se defendants. They assume because no proof is attached the Plaintiff has none and do not bother or know to do discovery then get steam rolled at trial when the Plaintiff/creditor shows up with a box full of statements and the contract for the credit card and wins. You did good the first time filing a motion for evidence supporting their claim and the court agreed. You can file the same motion again. Is it possible that they simply refiled and do not have the documents the court asked for the first time? Sure, and if that is the case the Judge would most likely be very amenable to a dismissal with prejudice this time for filing again without that proof. However, you really need to have a plan for the bigger chance they refiled because they went back and got that evidence and now are ready to proceed to a motion for summary judgment based on that ruling from the first case. While you may have a plan tying this case to the first time my assessment is so do they.
  9. This banking practice should be illegal IMHO. HOW the customer earns their money in a legal industry should be none of the bank's business. Ending a relationship because a customer is funneling their illegally attained funds through the bank is one thing but using their own moral judgment on customers is wrong. The ONLY reason these porn stars told their "employer" who they banked with was so their funds could bed ACH transferred. I have never heard any athlete, celebrity or porn star bragging about who they bank with. The only ones who do discuss a particular financial service are being paid to do so which is an entirely different scenario. I could see CHASE not hiring porn actors for an ad campaign "all the big porn stars bank here so should you!" As long as the funds going through the account are from a legal source and the customer meets the other banking criteria for an account their moral disagreement with the source should not be allowed.
  10. MOST states do not require they attach all their evidence to the complaint when filed. If you want evidence you will have to go through discovery to get it. Keep in mind that if you intend to use arbitration do not send discovery demands first. In many states participating in the litigation process automatically waives your right to arbitration.
  11. There are five cities listed as being in the opening "phase" of this really bad idea: Charlotte, Dallas, Detroit, Los Angeles and Miami. Where to start with how bad this is. Well, in Dallas, LA and Miami the property taxes and insurance on the home will be sky high too. The article doesn't even mention home owners insurance or taxes. Having this program in LA is ludicrous considering you can't find a home for less than $750k that isn't a fire sale. Charlotte and Dallas home prices are well above market right now as well. The most ludicrous statement is this one: "And when you spend less money on down payment and closing costs, you can reserve more of your savings for paying for serious home repairs that need to be taken care of, or emergency expenses that could arise as soon as you move in." If these people had savings they wouldn't need a special loan program to buy a home. The odds are stacked against them from the start to use a program like this. Chances are high they buy a home needing a LOT of repairs or renovations, they skip the inspection, never mind appraisals. ALL of this assumes that a seller even accepts their purchase offer in this market. I bought my home last year in Las Vegas another highly competitive market. I had at least 5 offers rejected waiting for a cash offer from out of state buyers. Another 2 rejected because I was using my VA loan even though I was already approved. 1 backed out when I wouldn't waive inspection or appraisal. No big deal there I ran from that house. What were they afraid of? Ultimately I got a GREAT house that wasn't over priced that passed inspection with flying colors. I used my VA loan and have a fixed rate mortgage locked in at 2.5%. Even though I was pre-approved there were several sellers who just didn't want to deal with the VA loan and their fears were unfounded. I went from contract to close in 29 days with NO issues. Buyers using this loan program may not face hesitation from the bank but you can't force buyers to accept their offer with that financing and many won't even look at the offer when faced with others with far fewer risks. Attempting to increase home ownership by returning to the mistakes of 2008 has disaster written all over it.
  12. Kids get a SSN in the first year of life now. In order to combat tax fraud the IRS now requires a SSN on every child that is claimed as a dependent. It also makes identity theft easier for relatives who find out that number er parents who already have it and can't manage their own money. (NOT the OP in this thread)
  13. Mine have been installed and inspected by the state. Just waiting on NV Energy to inspect them so they can throw the switch to the "on" position. Unfortunately Warren Buffet is determined to squeeze as much $$$$ out of me as he can before the leverage shifts to my side. NVE is being slower than a herd of turtles stampeding through peanut butter in -30 degree weather about doing their part.
  14. Educated guess is that it is for hypnosis session(s), stop smoking, fitness/personal training, or weight loss. Those are the only entities I know of that require pre-payment for appointments. It also explains why the OP is blatantly refusing to answer what this was for or provide details. As you said like most ole Bobb didn't read the fine print (though he alleges he did) but I am also hypothesizing that what ever ad enticed him to book and give up the credit card number had a small disclaimer that all fees are non-refundable. They probably also clearly explained when the services were prepaid for that they have a cancellation policy of X amount of days/hours before or there is no refund which like most ole Bobb quickly forgot about. The bad news is that state medical boards are not likely to intervene because it isn't really actual medical treatment and is merely a civil dispute. The good news is that while these entities will send a bill ad nauseum (ask me about the idiots trying to collect $35 for the past 4 years on a gym membership closed and legally cancelled in bankruptcy) they are not going to report to the bureaus or sue. Businesses like these (and I use that term loosely) won't spend the money to belong to even one bureau to report let alone 3. They will send a bill for a while then go away. They COULD sue but in reality when it got to court they would have to admit that the person never received any services therefore they are not entitled to any money. Had the chargeback been done after the appointment that would be a different story. If it were me I would simply toss the bills aside until the SOL for suit runs out. To answer the OP's original question of the thread AGAIN, yes, they can bill you for the services you contacted them about and agreed to when you provided your credit card information for billing purposes. You asked and paid for services. Whether you have received them yet or in a time frame you preferred isn't the issue. When you did a charge back all you technically are saying to that business is you are changing the method of payment not that you no longer want their services. Absent a formal letter from you stating this they are open to presume you still want the services and send a bill. Sending you a bill after the charge back in no way violates the credit card terms, credit law or collection law.
  15. I have 3 times but all were known to me. One was my brother and SIL who were raising funds for a mission trip to Honduras. I gave them $50. They did the trip but did not meet the fundraising goal. The other was 2 years ago for a colleague who got covid and took a sudden turn for the worse. Her sister started a GFM because due to the acute sudden change my colleague was not able to give her access to bank accounts to pay the mortgage and bills. Just about everyone in our company donated some hefty sums. I sent $250. At one point we were all convinced (her family included) that she was not going to make it. The good news is the money raised kept her from losing the house and her 3 kids in the home and she is recovered and back working with us! The last was a good friend who was in the process of adopting 2 retired racehorses to keep them from being sent to slaughter in Mexico. She was down to needing the last $50 to get the health inspection done so they could be released. I sent it. They still have the horses. The kids love them and spoil them rotten. I have NEVER sent money to some random campaign on GFM as I consider them fraud since you cannot verify most of them and some are just spoiled people who want something and don't want to work for it.
  16. I understand you WANT it removed however I don't think you understand this is valid accurate information regarding the status of that account and there is no legal basis to have it removed. As everyone else said: you can settle and include deletion as part of the settlement if they will even agree to it. These days many creditors have a hard line stance against doing that and since yours is brank spankin new chances are slim to none they do agree. You have another problem in that if there is a deficiency balance on that account after they auction the car they could sue you for that. Has the car been sold yet?
  17. I am going to disagree with the CSR troll who keeps telling you that they cannot investigate fraud related to this issue unless you identify a specific person who committed the fraud. I am still dealing with actual identity theft and I have not had to name suspect in order to file a FACTA and a police report. First thing I would if I were in your situation is file both of those. Then send copies of both to this loan company along with a letter outlining that it is fraud and you have not received or cashed a check from them. This puts the burden squarely where it belongs: on them. Next: consult a consumer lawyer regarding getting your money back from these people and then some for violations of any debt collection laws they have committed. You can start with the one in the post above but I would not pay these people one red cent. If they tanked my score knowing fraud is involved the suit I filed would be epic.
  18. The major problem with this plan is when a debtor's exam takes place in relation to payroll. At my company we get paid every other Friday. That means payroll drops by 10 am on Monday (Tuesday if Monday is one of the observed Federal Holidays) so that it can be processed on time and the ACH transfers made to employee accounts. So for a company doing payroll that way any employee who did a DE after payroll dropped would not be able to close the account that fast and get their payroll transferred to the new bank at the same time. ALL my employers have always told me to allow at least one if not two payroll cycles for any change in deposits to take effect and not to make any changes to automatic bill pay etc. until certain that the change(s) went through. Not to mention to make sure the payroll department doesn't have a set limit on how many times you can change banks in a calendar year.
  19. THIS^^^^^^^^^^^^ I based my answer on the OPs statement that wage garnishment was not possible in their state therefore they needed to only make the move to protect the funds once issued as a paycheck. In this digital era I wouldn't assume it happens but definitely have a plan for that situation for sure.
  20. I have seen a few threads recently that were from posters (on several sites) that were being balance chased. Most were maxed out and were experiencing balance chasing for the first time and unfamiliar with it. I have never been balance chased and believe I am in a good position to not deal with it when the economic tsunami hits again. My cards aren't maxed out and I don't carry balances. Fingers crossed it stays this way with what is coming.
  21. There is another option that you should know about should this happen again. The State Dentistry Board. They handle disputes about billing and shoddy work all the time. The first issue is you arbitrarily decided to withhold payment. Unfortunately the financial agreement you sign with any medical provider does not allow you to do that. If you want to protect your credit you pay the bill then sue. I would file a compliant with the Dental Board. Keep in mind you will need the records from the other 2 dentists stating the first job was not done to industry standard creating additional expense and therefore the balance should be waived to offset that.
  22. You are correct in that if it is a joint account they can attach it for the debt via bank levy. Worse the person on the account with you can have their assets in the account frozen while they seek to undo it and prove their money is not attachable. If you choose the best prepaid debit card that isn't fee based or with a lot of restrictions you can have your paycheck sent to that. When you open one of those accounts you do have to give a SS#. While they are not nearly as easy to find as a bank account they are not invisible. What this won't prevent is them doing a debtor's exam. You have to respond to that because failure to do so can result in an arrest warrant for failure to appear and answer. That means you would have to disclose the debit card you have your wages sent to. Whether you could get your paycheck switched to another account after the debtor's exam and before they send levy paperwork to the debit card entity is another potential hurdle. One thing that has not been mentioned so far: bankruptcy. If this debt is large enough you might want to do a consult with a couple of BK attorneys. Most do an initial one for little or no cost. It could be a lot less stress to simply file and wipe this out depending on the rest of your financial picture and if the debt is eligible to be discharged in BK.
  23. The article openly states that they have no clue if any of the consumers are actually carrying a balance monthly or paying off the cards. It states that it could merely be a sign that consumers are using the cards in place of cash at the terminal and not a sign of trouble. They also speculate that those who are in a "higher economic status" are purchasing luxury items while those in a lower socio-economic status are using cards to buy "essentials and necessities". Well DUH. If the economic picture gets worse and large employers go back to job lay offs like 2008 then you are going to see an entirely different credit card usage like that time and defaults on a regular basis. For now there are plenty of jobs even if it may not be the one the consumer wants or prefers but there are ways to earn money. Credit card usage may not be a bad sign just yet.
  24. I just missed 2.375% but locked my rate at 2.5% and they will cart my carcass out of this house before I will sell. I am in the same camp: chances we see rates that low again are slim to none.
  25. ANY recommendations depends heavily on who the creditors are and the amount owed. You are banking, literally and figuratively, on your creditors simply waiting on pursuing legal remedies to the default and with a handful of them that isn't going to happen. There are several like AMEX, Cap1, and Discover that are extremely aggressive, quick, and efficient at litigating to recoup their losses. It isn't necessarily impossible to develop an escape strategy for high debt that does not include bankruptcy but without knowing who all the players are a solid plan that avoids court and judgments is still out of reach.
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