Rogue

It immediately became a real life example of the perils of investing these days in the $1.3 trillion market for leveraged loans, where a global chase for yield has allowed an explosion in borrowing and lax underwriting. In a market where trading can be thin -- and at a time when illiquidity is suddenly becoming a prominent concern in credit circles -- the episode shows how loans to highly leveraged companies can quickly implode when fortunes change.

National financial institutions with branches in at least 15 states were excluded from the final rankings. The 13 nationwide banks omitted included Bank of America, Chase Bank, PNC Financial, U.S. Bank and Wells Fargo. Navy Federal Credit Union, which operates in 30 states, was the only credit union eliminated for its scale.

Well at least it was not another one of those "drive-by" spam type posts here where there is NOTHING posted except for a lone URL! None of the other Forums that I subscribe to permit that nonsense.

I think your clarification is correct, however I am not completely sure, hopefully someone else can answer. And if we are confused, just imagine the average American out there trying to figure out all this crap!

I think it just may be that nobody has yet pressed EW on the issue of credit freezes. I am going to call them next week when I have a minute and mess with them.... I know EW is owned by part of the banking cartel, however I wonder how the non-EW owner banks feel about supporting an ongoing enterprise of their direct competitors? Early Warning Services (EWS) is owned by Bank of America, BB&T, JPMorgan Chase, PNC, Wells Fargo and Capital One. Formed to combat fraud in the financial industry, EWS makes it possible for banks to easily exchange information between organizations in order to prevent and combat fraud. https://rebuildcreditscores.com/early-warning-services/

FICO 9 excludes PAID charge-offs as negative items, however ALL other FICO versions still hit you hard for paid charge-offs as negative items. FICO 9 also mitigates the damage from medical collections, however they are still negative items, but less so than all the other FICO versions.

So Early Warning referred Ivy to the FCRA Section 603(x): (x) The term “nationwide specialty consumer reporting agency” means a consumer reporting agency that compiles and maintains files on consumers on a nationwide basis relating to-- (1) medical records or payments; (2) residential or tenant history; (3) check writing history; (4) employment history; or (5) insurance claims.

Thank you PotO, this is exactly the salient issue in this thread.....

You have a right to place a "security freeze" on your credit report, which will prohibit a consumer reporting agency from releasing information in your credit report without your express authorization. The security freeze is designed to prevent credit, loans, and services from being approved in your name without your consent. However, you should be aware that using a security freeze to take control over who gets access to the personal and financial information in your credit report may delay, interfere with, or prohibit the timely approval of any subsequent request or application you make regarding a new loan, credit, mortgage, or any other account involving the extension of credit.

Unfortunately the peanut gallery has only provided sarcastic comments.... The FCRA gives you the right to "Freeze" a CRA like Early Warning, you should inform them that they are in violation of the FCRA if they do not allow you to place a "Freeze" on your report. The Early Warning website even includes your FCRA rights, you may want to direct these clowns to their own website! https://earlywarning.com/sites/default/files/2019-04/Summary_of_rights.pdf

Andrews is well known to be very stingy with credit limits on their cards... https://www.andrewsfcu.org/personal/loans-and-credit/credit-cards.html And IIRC the points are worth 1 cent each, however @ 7,500 then your Bonus Points are only worth $75.00!

The German lender once sought to compete with America’s big banks on Wall Street, but has been pummeled by scandals, investigations and massive fines stemming from the financial crisis and other issues in recent years. Deutsche reached a $7.2 billion settlement with the U.S. Justice Department in January 2017 for allegedly misleading investors in the sale of mortgage-backed securities in the lead-up to the 2008 financial crisis. Weeks later, the bank was slapped with a $630 million fine over allegations of Russian money laundering. Those penalties came two years after the bank paid a $2.5 billion fine to U.S. and U.K. regulators for allegedly participating in a scheme to rig interest rates.

Absolutely agree. I was going to get a JCB card purely for the novelty factor as I don't travel to Japan and they were notoriously stingy with credit limits. Fortunately I never did app the JCB card since they have now subsequently exited the US market and shut down all of their outstanding cards with no grandfathering. A JCB card would have been a total waste!

At least that is less frustrating, LOL!

Amen to that! I have yet to be able to converse with anyone ever on the phone @ Citi who even has a basic rudimentary command of the English language and I always make several HUCA attempts. Inevitably for issues I must go into a branch, however that is not much better....