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Everything posted by hdporter

  1. An overpayment of that magnitude would readily buy an annuity that would pay out his monthly income and more. (Getting by on CD interest may be the more prudent investment given the threat of inflation.) My money is on a quick scramble to Bolivia ("convenient" and reportedly doesn't extradite except in extreme circumstances).
  2. I was in a fervor over the RIVN IPO. Everything about its promise appeared to be a game changer. Unfortunately, I acted too late to position myself to get in on the original offering. Neck saved on that one. I'm inclined to bet against the headwinds RIVN now faces and buy in. What holds me back is my more recent track record ... I've always been a conservative investor and, aside from dabbling in the flailing of AAL, only hold funds/ETF's. I've largely satisfied myself that the "smart money" is going to beat me by a long shot when it comes to individual security investing. Then last year we saw our personal net worth jump considerably as a consequence of market gains and straddling two reasonably well leveraged homes. I decided we needed more "risk" in our portfolio and jumped into a small handful of "up and comers" with 10% of our portfolio. While average cost presents a kinder picture, here's what the peak cost investment picture looks like: Security / Buy In / Curr Price DOCU / $275 / $61 FVRR / $156 / $35 NVDA / $315 / $145 Let's not leave out the pied piper that's leading me by a ring through my nose: TMFC / $44 / $32 and then there's AAL, with an average buy in of $17, trading at $13. As noted, against average cost, I'm down 40% on my shares (mostly purchased 4q '21/1q '22). I'm good; largely secure that the underlying fundamentals are sound and rebound prospects are stronger than the market as a whole.. But my current appetite for "risk" is analogous to one's appetite after biting into a jalapeno.
  3. Hold on to you hats ... in no time those WVa progressives will be selling lottery tickets online!
  4. Yep. Glad I had the sense (and decency) not to dismiss your claim off the cuff. A read through of the Apple Card Privacy FAQ strongly implies that all account/credit related inquiries on the Apple Card are first routed through Apple support staff, and only referred to Goldman Sachs when needed. https://www.apple.com/legal/privacy/data/en/apple-card/ This arrangement would appear to reflect, at least in part, that this was GS first foray into consumer credit cards. No other issuer would consent to such an arrangement. In fact, it suggests that Apple is just waiting until they're seasoned enough in the credit game to absorb the whole operation into their own captive bank. (In fact, 2 seconds into a Google search a Mar 30 article popped proposing that and much more: https://appleinsider.com/articles/22/03/30/apple-working-on-first-party-financial-services-under-codename-breakout Suffice it to say that's very much a "one off" situation. It doesn't represent the relationship between Elan/Fidelity (nor any other card sponsor/issuer relationship, for that matter ... to my knowledge).
  5. You're telling me that the number on the back of the card connects you to the card sponsor, not the servicer (Elan / USBank)??? Possibly, but I'll wait for a confirm from a 2nd informed source before I buy on to that ... (I'm not saying that an additional number for Fidelity account servicing might be on the card as well, but I gotta think that Elan's credit card servicing number is there.
  6. I guess that I'm impressed that all parties quoted in this article appear to have their heads screwed on right. (Contrast that to the recent article in which a MA couple were quoted, without challenge, as saying that the wife's Macy's app was rejected because her husband's Home Depot app was rejected for an incorrect SSN ... or something like that.) It's comforting that there's at least one consumer finance reporter out there who can put out a clean story ...
  7. That would only be the case if somehow they were "Trading Places" ...
  8. There are anecdotes on the "other white meat" board that Amex will consider an app for someone who had an Amex discharged in BK, starting at the 5 year mark after filing. The time frame noted in this thread fits that scenario. Overall discussion is that it's YMMV. Amount makes a difference.
  9. The following surfaced in a Google search on Regional Finance. Looks like they may be trolling for class action suit participants. If legit, it may be of interest: https://kneuppercovey.com/regional-finance-sent-me-a-check-and-someone-else-cashed-it-can-i-file-a-lawsuit/
  10. Enjoy the thread ... I'm sticking to filing a stubborn callous on my right heel.
  11. I have a set of cards I pay on the 1st of each month, and a set of cards I pay on the 15th. And I typically set up a card payment on the date I receive a statement (assuming I haven't already done so, prompted by something else). Credit card due dates don't shift around a lot. Anything due by the 20th gets paid by the 15. The "20th" never advances such that the payment on the 15th isn't on time. (Still, I pay attention to actual due date when scheduling.) Does it need to get more complicated than that?
  12. FWIW, I find it helpful to log in and schedule my monthly payment using my monthly statement as a trigger.
  13. With greater frequency, it seems like we're receiving replacement cards on our credit card accounts that can immediately be used without an activation step (phone call or account login). This (presumably) bit PNC in the ass this week when they sent out replacement cards when I notified them I had misplaced mine. I received a fraud alert from PNC late yesterday afternoon, advising me of likely unauthorized activity on my account. They had rejected a $5200 transaction at a local rim shop. Unfortunately, they approved a $5600 charge the prior day that had posted to the account when I brought it up. I called the shop to advise them of the transaction in the event they ordered the rims or they hadn't been mounted yet. (unlikely)
  14. Comenity account access is still out. They really screwed the pooch. No system admin brings a system update online without the ability to roll it back in the case of problems. I can't begin to imagine what their affiliated retailers are thinking. (Look for a lot of them to jump ship to Citi RS, or other issuers).
  15. It's a general use VISA (not a store card).
  16. This is an extraordinary system event that has appeared to impact most, if not all, Synchrony accounts. I'm not sure what your intent is in suggesting someone inquire whether they'll waive fees in the event of a future update problem. No firm is going to issue a blanket assurance. (Besides, as I've noted, Comenity already has a policy of waiving late fees when there hasn't been a previous incident in the prior 6 months.) While I can't speak of "predatory" lenders, no reputable lender levies late fees under adverse circumstances where they bear at least partial responsibility.
  17. Hey "SR", I wouldn't sweat this too much. Comenity as a real "TFU" on their hands. (This is the only time I've ever seen a website cite inaccessibility because of a "glitch". ** WTF? **) Comenity knows they have a problem on their hands. I advise sitting on your payment until their website is accessible and then submitting it. My guess is that they'll hold off on assessing a late fee. If you receive a statement with a late fee, call and ask that it be reversed. Comenity is one of the issuers who will reverse any late fee provided a previous late hasn't been incurred in the last 6 mo. In the case of this "glitch", I'm sure they'll waive all fees upon request. (Again, delinquencies aren't reportable to the CRA's until they've run 30+ days.) I suggest waiting a week after payment to request late fee reversal. Immediately after the "glitch", their phone lines are sure to be a clusterf*.
  18. In short, no, Amex is not known to engage in this behavior. As far as issuers in general, as @centex points out, they are generally averse to any behavior that suggests difficulty in repaying balances. It's this aspect that largely accounts for creditors cutting credit lines. A tendency to make minimum-only payments is one such flag (which is why I counsel against "avalanche" debt repayment schemes to the extent that they involve minimum payments on most debts). Showing a history of escalating aggregate account balances, without appreciable monthly repayment of some (as opposed to sudden lump sum repayment), is another flag. It's generally against the self interest of lenders to cut credit lines without some risk-related rationale. Keep your balances moderate and show a history of respectable debt repayment and you have little to be worried about.
  19. If this entails forfeiting the 5% cb on the Synch Amazon Prime card (which financing on the card typically does), then this is still VERY expensive financing (eff. 20%+ APR).
  20. From what I can tell, a reporter let a reader's rant go ballistic. Very little is authenticated. (I'm surprised that it wasn't reported that someone's turtle died as a consequence.)
  21. This could be a case of good intentions going awry. I've related my experience that because of my loose organizational skills, I typically miss a due date on one or two credit payments each year (usually late by 5 days or less). Yet, I rarely pay any late fees because lenders typically are very willing to waive them, provided you have at least 6 mo (or so) clean history. Crack down on lenders' late fee policies and likely respond by eliminating any such leeway when a late fee is incurred. I look to comment as much to the CFPB when they open the topic for input.
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