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  1. I’ve dealt with the split file situation myself, and your situation sounds a lot like my experience. Unfortunately, I think you might have to file a CFPB complaint in order to get their attention and get it fixed. Someone with authority and know how at Equifax will have to fix this. The split file may have happened due to excess credit pulls via soft inquiries or it may have happened because you disputed the address.
  2. 738 for me. Up a few points. I think this model is more sensitive than new accounts than FICO 08 because this one is about 40 points lower.
  3. I’ve heard they are stingy with credit limits unless you get their Premier World Elite card. I am doubtful that your previous experience with them would come up due to how long ago it was and the fact that they have changed their card portfolio several times.
  4. I’m not sure how this relates to my post. I didn’t imply that the process servers care at all about the outcome of the case. Rather, the debt collectors filing these lawsuits prefer that you get served with no advance notice. The perfected service occurs, then you have your two weeks to file the answer. That is my point. They aren’t calling to let you know you’re being served with documents, which is something that these scam debt collectors frequently threaten or leave messages on your voicemail about. That should be a huge red flag for anyone getting these types of calls.
  5. One came recently for my husband and was holding a fake package. The joke was on him though, because getting those papers was good news for us. They violated the FDCPA (again) by contacting him after we retained an attorney, so we got them to dismiss their case against my husband.
  6. I haven't ever had that experience on any of my cards, even the super subprime ones I have had. I think I had one hold for 7 days once on a brand new account for a payment that was most of the credit line. But not 2 weeks!
  7. A little update to my misadventure with PenFed: I went into a branch to update my personal info since they couldn't fix it after 5 phone calls. The branch updated everything in 2 minutes flat. I was then able to login, which showed me I still had one active account (a savings with a balance of $5). I then decided that I wanted to close said account. I called and they told me I couldn't close this $5 account because it was "being reviewed by the financial security department." Are you kidding me? For $5? After I sued them and beat them. I should have just closed it when I was at their branch. What a mess.
  8. I have had a similar situation going on at my house over the past few years. Basically, there are some debt collectors out there that are just pure scammers. They don't follow the law, you will never be able to find their real contact info, and you will not be able to sue them. The ones I have dealt with like this were calling about some old payday loans my husband took out. They even called his work and gave out information about the debt to his coworkers. They threatened to have "someone deliver documents." They claimed they were with the court. They basically went down the list of all things debt collectors are prohibited from doing and did them. We have asked these people for letters or emails. We have never gotten any letters from people like this. We did get one fraudulent email with a fake company name, but that was it. Let me tell you: every lawsuit I have ever been served with did not come with any phone calls. The process server just shows up and knocks on the door. They want it that way so you only have a short time to fight a case and they can easily get a default judgment against people who do not know how to defend themselves. That's what the legitimate debt collectors do. And it usually comes after they have sent you letters in the mail for at least a couple of months, not completely out of the blue as a phone call. I agree with a lot of what people have said: watch your court's website to see if anything gets filed. Otherwise, ignore these people. It's pretty telling that they will not give you the information necessary to dispute the debt or contact them. My favorite thing to do with these people is to tell them to stop calling because I don't pay money to any debt collectors as a matter of principle. That drives them nuts!
  9. Some rebuilding cards that have worked for me: Discover secured - Graduates starting at 7 months, often with a good CLI. They have a pre-qualifier, which will offer the secured if you can get it. I have seen people denied for previous bad history with Discover, but the pre-qualifier will tell you so you don't have to waste an HP. BofA Secured - They have a cash back secured card that could graduate in a year or less, but they want your profile to improve before they allow graduation if you have baddies BB&T - Try their pre-qualifier. My husband got a $2,500 SL with them with many baddies showing on his report. Comenity - You could try getting one of their store cards (JUST 1) mainly to increase open accounts/available credit Secured Credit Union Cards - State Department FCU has a good one, DCU has one (although they are strict about it), and NFCU has a good one as well if you can get in (try asking a family member to sponsor you) It has been my experience with rebuilding that some creditors will deny anyone with any negative items or any unpaid negative items. Chase, Citi, or US Bank are like this. I was actually denied the DCU secured card when I still had unpaid items reporting. After getting your finances back together, you kind of have to go with what lenders will approve you. I think it is very difficult to get back in with any lender to whom you previously defaulted on. Cap1 may be an exception for some people, but generally what centex said is accurate. 7-10 years or never.
  10. We all need to keep an eye on PenFed. They are the one merging left and right with failing credit unions across the country, in order to expand their "limited membership" capabilities. That makes no financial sense, TBH. Around where I am (Austin), I see a few credit unions are opening up new branches in the surrounding areas. They aren't merging, they are building brand-new branches. I find this fascinating because the big banks are all scaling back their number of branches, while these CUs are expanding. Randolph Brooks FCU, University FCU, Greater Texas FCU, and Austin Telco FCU have all opened up new branches within maybe 10-15 miles of my home this past year. As far as the question of size and assets goes, I would venture a guess that credit union members are predominately working to middle class people who value a more personal banking experience. These people would have less savings, which explains the issue of fewer assets. In addition, I would say their are a limited number of credit unions that are being represented in areas of the country where wealth is concentrated (Palm Beach, Orange Count, LA, New York). There are a few, but most people in those areas want someplace convenient and close to their home, which the banks are more likely to have. I also think the big banks and their respective brokerages are much more suited to high net worth individuals in terms of their offerings and marketing. I don't think Bob the billionaire cares about saving 2% APR on his credit cards or auto loans. He wants a dedicated advisor for his investments and access to large sources of capital for business ventures. In the past few years, I have noticed a trend of some larger CUs trying to attract higher net worth people. First Tech FCU offers their Odyssey credit card with limits up to $100k. Alliant is targeting a similar set of people with their Visa Signature card, which only makes sense if you spend more than $40k a year to recoup their annual fee. However, I would say that hey are largely ignoring this group of customers. And these two CUs are in areas where they have more of these clients, whereas a CU like AOD is in the middle of Alabama, where very few people have those kinds of assets/income.
  11. I think I have found my own groove in the cell phone world. I too will never finance another device. Sure, it seems fine at 0% interest. Where "they" get you is locking you into their service for 24-30 months (or potentially forever if you keep trading in your phones). A couple of years ago, I was on AT&T and my phone bill for 2 phones was running about $221 a month (of which $40 was a device payment). Their service was a total ripoff, and I was stuck in it until I paid off the phone, which was not possible until around 2018 for me. I now am using T-Mobile prepaid, where I still get unlimited everything, hotspot access, and service that is just as good. I pay $88 a month now for both phones, which were purchased outright. As for buying phones, I actually have decided to keep and use the Apple Card. It offers the same 0% financing (if I ever need it) and 3% cash back, while providing me with unlocked phones that I can use on whatever plan I want. So I am getting all the perks of carrier financing if I want them, cash back, and not being stuck with any carrier.
  12. Penfed is one institution that is full of incompetence. I sued them for inaccurate credit reporting that was blatant and repeated, paid them a good amount to settle the debt I owed them as part of the FCRA lawsuit, and they still acted crazy. They sold the debt after I paid to settle it, then they had to buy it back, and then after being caught doing that, they finally deleted it from my credit report. But it gets better: I tried calling the other day to get into my online banking (mainly to check on some old checking/savings accounts) and their records showed that I still owed them the money (months after settling). At this point, I decided to just let whatever happens with those old bank accounts to just happen, and that I would never deal with them again. I initially thought that some of their mistakes were more malevolent than negligent, but some of the stuff is just so stupid that someone simply wouldn't do it on purpose.
  13. They'll probably rename it Banksiest instead.

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