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hdporter

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Everything posted by hdporter

  1. In NOLA, I’ve heard them called “debris” 😋
  2. Ask your systems analysis director how many comp sci grads they have to teach system design skills to. (And that’s not ancillary to the degree in question.)
  3. No question that more tech qualification is needed on the job. The question is whether an undergraduate degree is the proper venue for it. A strong finance degree will already teach the necessary underlying analytic skills. Much of the described added course content sounds like turf that should be managed by appropriate tech support in the workplace. Not saying the exposure won’t have value, but I have concern about the coursework that’s been trimmed and left on the floor. Just saying, as a retired finance professional, that a broad finance curriculum is likely to better serve a new grad than one that has been shorn to make room for some database courses.
  4. On the CLI front for Discover Miles, The first 3 requests were approved easy-peasy, each one a few days under 90 from the last. However, with a modestly sub-par $17k CL now (as in, below my average CL), getting another CLI is like pulling teeth. 4 months since my last CLI, and a week since my anniversary date, I’m getting “Insufficient experience with current CL”, despite putting through $6k+ in charges since the last CLI. Well, The card’s cycled out of my wallet in favor of Chase Freedom Unlimited 3%/4.5% first year cb. We’ll see what Disco makes of that “experience” going forward.
  5. I was of the impression that the subject phrase has, once again, become an oxymoron. Has anyone recently received a satisfactory outcome from C1 EO contact? (Not a C1 “hater” here ... just thought the EO hay day at C1 had passed)
  6. Spot on PotO. I don’t disparage the negative take on Comenity by some here. However, my experience has been thoroughly positive. Still, where it comes to the BlisPay acquisition, I suspect the only thing being “acquired” is the credit portfolio. I doubt the account terms will survive on the card product. (The merchant finance arm may remain largely intact, if it’s also part of the deal.) That would be unfortunate, as I’ve enjoyed the occasional flexibility of having a 6-mo “same as cash” finance alternative that also pays 2% cb! ETA: I’ll backtrack a bit. A biz journal article cites founder Lisiewski as being part of the “deal”. So maybe this isn’t a “scrap salvage” after all. Popcorn’s in the nuker-wave ...
  7. This thread begs the question, “Who’s the creditor.” Most reputable creditors don’t typically play such games. Yes, under FCRA a charge-off can be reported until 7y 6m from DOFD. But changing the DOFD to effect an additional 6-mo retention by the CRA is definitely not playing by the rules. In any case, the retention to Oct 2019 is permissible (though unusual). I suggest holding on action until a November mailed obsolescence dispute, if necessary.
  8. Well, this thread made me realize that I’ve largely reached the age where a closure for non-use is an excuse for a mini self-celebratory “good riddance!” dance. I turn 60 this summer, and by the time such an account likely ages off, I’ll be much more focused on my real age than my average account age! My Macy’s dates to 1986. Last use was about 24 mo ago. CL is at $600, or $100, or wherever they clamp down to after 6-mo of inactivity. (this auto CLD routine is why I lost motivation to actively manage the account ... I’m not interested in stocking up on “pencils” from any place.) Mind you, I have more seasoned accounts (yay Amex).
  9. As an aside, indications are that 850 isn’t a “perfect” FICO score; it’s just the highest score reported (where higher scores don’t reflect a statistically significant reduced delinquency risk). The FICO models do generate higher scores internally.
  10. Aren't you EXP through the end of this year? (free AA coach snacks)
  11. Are you commenting on the dual 850's? (when your DCU FICO's bounce all over the place?) I'm satisfied the FICO 9 is well-refined so that things like modest utilization, limited inquiries, etc don't sag an otherwise impeccable credit record. (In other words, "9" is discerning enough to grasp that a couple of inquiries aren't correlated to default risk in absence of "hard" risk factors.)
  12. The first step I recommend is a constructive conversation with a senior loan officer at your credit union. Explain the circumstances and clarify whether the debt that your husband is required to assume is what's presently preventing you from obtaining your loan approval. (I assume it is.) Next, explain that you're under time constraint in refinancing the debt you've agreed to assume. Inquire whether it's possible to avoid delays related to credit agency reporting by providing documentation of debt repayment by your husband as it occurs. Some here have jaundiced credit union experiences. However, I've been with my current credit union for 38 years, and what I most value is the opportunity to build a personal relationship -- sometimes permitting "special handling" when circumstances warrant it. In any case, the 90 day deadline set by the court is clearly impractical. It might be appropriate having your lawyer reset a deadline with the judge that reflects the specifics of your situation.
  13. So, even with the huge numbers of stories posted here over the years of people who wound up with a stray CA on their credit report for reasons that had nothing to do with financial hardship, you advocate knee-jerk credit policies. smh. Just maybe all the other issues took notice of the CA, saw no other evidence of financial strain (reduced payments, increased balances, etc.) and adopted a reasonable wait-and-see stance.
  14. I've been in two relationships where I've been out-earned by my "SO". A fiance when I was in college, and now my wife, who's doubled her income in the 8 years since we moved to GA for her to take a job at an "attractive" salary (I'm now retired ... about 5-7 years to go for DW). Fortunately, in either case it never occurred to either woman to leverage her income advantage as general leverage in our relationship. (And I'm pretty sure that would have been a deal breaker, in either instance.)
  15. I have 2 "backdated" Amices (1982 dated tradelines) that I'll be forever loathe to part with now: an Amex Clear, and an Amex Delta ($95 annual fee). A 3rd card (Amex Gold Premier Rewards) was closed in 2009. It'll be rolling off in September. 😪
  16. Credit score impact will fully reverse itself once a reduced balance is reported.
  17. +1 to everything offered by CTSoxFan. I strongly place value in knowing the operation/service record of your vehicle and would suggest that it's worth a 10% premium over stated "market value". FWIW, a good place to start in getting a grip on what you vehicle is worth is Kelley Blue Book.
  18. A nickle kicker in cb (on average) on every purchase ... and 2% only on Supermarket/Gas (with a cap, nonetheless). Unless I'm missing something here, I'm not sure how that's gonna come close to Double Cash (which isn't one of the stronger cb cards these days in itself), no matter how many $0.11 transactions you load on the card.
  19. Yep, a tool is just a tool. It can be put to good use, or wildly abused ... < my wife has a meat tenderizer that looks pretty much like "Thor's Hammer". I'm inclined to see that its not easily found when she's feeling "edgy" ... >
  20. That makes it "interesting" in my book ...
  21. I assume that just as with most closed-end leases, there would be mileage caps (with a charge on additional miles) and the stipulation of charges for "excess wear". I have no idea how viable closed-end leases are in the marketplace, or lease/RISC packages (retail installment sales contract). But, yeah, this is essentially the same with a new wrapper.
  22. You, a CU trigger?? In any case, I should leave ample leeway for PenFed to find some way to screw this pooch ...
  23. Remember, I posted to the thread to suggest that, on the surface, there was nothing sour with this business proposal. Whether pricing will be competitive or not is anyone's guess. (But, allowing for the type of product, there's every reason it could be.) I acknowledged that this type of loan is going to be more expensive than a standard loan because of the guaranteed residual - the same is true of a closed-end vs open-end lease. In either case, there will be some consumers who are willing to pay a premium for protection against an undesired liability risk at the end of ownership. Bottom line, I suggest that consumers are better off for having another choice in the marketplace. (and it's likely apparent I don't buy the PMI/subprime mortgage analogy).
  24. If PenFed had designed the program and was financially bearing the risk, no doubt something like that might be in the cards. But the residual loan value of the car is, instead, insured by a third-party. The loan is the analog of a closed-end lease (also permitting a walk-away, at no added cost). No question, under either type of financing, the residual guarantee means higher payments than an open-end arrangement. Again, while I wouldn't effectively pay a premium for the guaranteed residual, I'm sure there are many who will do so, glad to eliminate that risk. As far as loss of manufacturer subsidy, that's true of anyone who finances or leases outside of the dealership. But I've typically found a loan product elsewhere that put me better off than the manufacturer option. That's likely moreso the case, assuming some type of cash purchase incentive.

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