Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


RehabbingANDBlabbing

Members
  • Content Count

    126
  • Joined

  • Last visited

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Wait until you get the repair bills... Then you'll be the one raising your middle finger! Haha
  2. TBH, I would try a credit union in this environment. The big banks are backing away from BTs at this time, so even if you get a BT card, it may have a low limit and be useless.
  3. I agree with this. AmEx is kind of like a luxury car: they are aspirational and expensive, but not necessarily better than something cheaper. I know someone with a very thin file who was denied by Discover and approved for a $2k Blue Cash credit card. I think they are expanding their customer base compared to years past. TBH, their charge cards are BS. They charge such a high annual fees and give very little value back to you as a customer. And then they create a team of people to crack down on customers making use of their crazy incidental credits, because they are designed to be nearly impossible to use. I think they will have to make huge changes to their business after this COVID stuff is over. Most of their eggs are in the travel basket, and travel is down over 90%. They need to introduce some more interesting, general use cards. Anyway, it seems that these consumer finance accounts pop up when people try to finance things they should have put on their major credit cards (furniture, home improvement, etc.). They are larger items, to be certain, but you shouldn't need 5 years to pay off a sofa, hot tub, or remodel. Many of these things should be paid for with your actual credit card, savings, or a HELOC (for major remodels). Maybe that's why FICO penalizes people for this? Not to justify anything FICO does, but to me it does make some sense.
  4. When I went to college in 2010, I had to do so using all grants, scholarships, and student loans. I went to a public, state university. I believe the "budget" for a year at the time was about $22k, which was meant to be all inclusive and was the number they used to determine student loan eligibility. About $9k of that was tuition and fees, $2k was books, and the rest was leftover. Realistically, I think I had about $4k leftover each semester. This was reasonable, IMO, in terms of how much I would need to cover my basic expenses at the time, like food, rent, etc. I still had to work a part-time job all through school just to make ends meet. When I graduated (after 4 and a half years), I ended up with about $32k in student loan debt. During school, I got about $20k in Pell grants and another $30k in scholarships. It was a pretty tough time financially because there are a lot of BS costs of going to school now, like special homework software, attendance tracking devices, classes requiring brand new textbooks that are updated every semester (my Spanish book and software was nearly $600), and various other unexpected costs. And don't get me started on housing at or near the school: they were charging $700 for one bedroom in a shared four bedroom apartment when I was in school. That means the complex is getting $2,800 per month for one apartment that is average in size. While it is easy to jump to conclusions about the student loan crisis, I think people really need to put more effort into seeing what's really going on before rushing to judgment. Certainly, private and for-profit universities are a huge issue. They essentially have a blank check from our government to take as much money as possible from students. And many people unfortunately fall for the idea that they need to go to one of these places, sometimes paying $50k a year in tuition and fees for the same education you can get for around $12k a year at a public school. I also completely agree about going to community college. You can go here in Austin to our community college for about $600 per class, plus books. You could probably pay for that working an entry level job and without borrowing any student loan money. Consider too that most university students spend the first 1 to 2 years completing "core" curriculum requirements, and you can easily start to see the savings over even a public 4 year school.
  5. I saw this name when I went through my LexisNexis report. It appears they sell info to LexisNexis. If I remember correctly, it was addresses, emails, and phone numbers.
  6. He clearly missed this valuable lesson from Sir Mix A Lot....
  7. I am pre-qualified for HSBC's Cash Back Mastercard, which offers unlimited 3% in the first year. I might jump on the offer, all things considered.... I was going to wait until my 3% period runs out on my Discover Miles, but........
  8. I just got the $400 checking bonus last month. The requirement was pretty high ($3k DD for 4 months), but I do plan to do it again next year. Thanks for the advice on the business CC. I do have a business, so a $500 SUB would be fantastic!!!!
  9. A couple of updates for today: 1. My lawyer has filed my lawsuit against Experian and one of the OC's reporting inaccurate info on that report. I am excited to see how this progresses. 2. I applied for a Wells Fargo Propel card, which has been on my list for a while due to the 3% on such a wide range of categories and the $200 SUB. I froze Experian, so they pulled Equifax. Unfortunately, I was denied for too many new accounts. The other reasons were "too many revolving accounts with a $0 balance" and "number of revolving accounts on credit file." The score listed on their letter was 803, so at least my score didn't affect the decision. Maybe I'll wait and apply next year, but I hear they are pretty conservative anyway, so I may just skip it. I have already gotten $400 of Wells Fargo's free money this year from opening a checking account, so I guess I can't be too mad at them. 3. I have been debating about closing two of my cards, Merrick and Ollo. They both have no annual fee and provide a free FICO score, so they aren't costing me anything to keep. I am waiting for Ollo to hit 6 months to see if I get a CLI, because many have reported a sizable bump at that time for this card. For Merrick, I have been waiting to see if the card ultimately gets acquired by Ally Bank. Right now, it offers no rewards, so I literally just have to keep charging a coffee to it every month to keep it active. I am not sure if it's worth my time to keep it long term, but I realize credit is a bit scarce right now, so I feel a bit silly thinking about closing any of my cards. I also think COVID-19 may make the Ollo auto CLI pretty unlikely. I may just wait until the end of 2020 to decide, but I don't see either of these being valuable long term, they would be more of a headache than anything to keep active.
  10. Bank of America calls theirs the Platinum Plus. And I think they also designate some cards Platinum Plus World Mastercard or Platinum Plus Visa Signature. It is all marketing. I consider AmEx Gold to be more prestigious than any of these "platinum" cards, because I know the holder has to pay an annual fee to have it. Then you also have to consider how difficult it is to obtain a card. I think anyone who is carrying a Simmons Bank Visa to be pretty cool because that card is notoriously difficult to obtain and only for people with excellent credit. It's just a basic Visa, but someone had to work really hard to get it!
  11. My philosophy with this type of stuff is to always enter everything EXACTLY THE SAME everywhere. I always type my address in all caps the exact same way, so I don't end up with any variations. You make a good point about their database and how it is programmed. I studied computer programming for a year, and you'd be surprised at just how easy it is to screw up a program with one mistyped line of code.
  12. I have their Miles card, but only for the unlimited 3% cash back during the first year. There aren't any travel benefits to this card, so I really don't get why they call it Miles.
  13. Update: Equifax fixed their mistake, so I pulled my new FICO scores for the month. That one little mistake they made had dinged my score 96 points! I am glad to see my EQ score is almost identical to my TU one now because there are some variations between those two bureaus. Now onto getting my Experian fixed.... My lawyer emailed me the final draft of our lawsuit yesterday, so that will be filed ASAP next week. We are suing about one particular account, but I am hoping we can leverage those violations for fixing all of the mistakes on that report.
  14. Now there are many reports saying the virus has been in the U.S. much longer than was originally thought. I was very sick in January, and both my husband and I are exposed to a lot of different people. We may have had it, but there's no way of knowing. I am definitely starting to think we need to open the economy, but there is no clear answer on how we can do that yet. I think the biggest challenge with this virus situation is the fear and lack of knowledge. We are stuck in analysis paralysis right now. https://www.sfchronicle.com/health/article/First-known-U-S-coronavirus-death-occurred-on-15217316.php
  15. I thought I might share with you all the BS mistake Equifax added to my file when I last disputed this other account. I think it really demonstrates just how bad the bureaus can screw up investigations. I had initially disputed this account based on the open date. Equifax responded to my dispute saying the account was verified, but I noticed it had been moved to the "negative information" section of my Equifax report. I then discovered they added to the account the remark that it was a charge-off during the month of 02/2020. This is completely inaccurate because the account had been closed since 01/2019, so not only did they add payments to the history that never happened, they turned a positive account into a negative one by adding a completely erroneous late payment indicator. It even shows being paid on time the month before and the month after. To sum up: Equifax couldn't find their a** cheeks with both hands. I am hoping that they fix it quickly. I disputed it online just because I knew it would be faster. If that doesn't work, then I will write a letter to get it fixed, but as it stands right now, my creditors are going to think I had a late payment happen 2 months ago, which is not good. I did pull my updated FICO score for this report, even with the error reporting. It went from 635 before all of the deletions to 704. I am betting it will jump up to at least 775 after this mistake is fixed.

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines