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Gonna Do It

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About Gonna Do It

  • Birthday 09/04/1986

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  1. I have 2 credit card accounts that I closed about a year ago. However, the payment history is still being tracked on my reports, since the cards were closed with a balance. Currently, I am past due on both accounts, and as any of you who have seen my posts in this forum may know, I have been trying to settle my accounts with creditors. However, I felt it would be good for my credit for me to keep these particular accounts (one was originally opened in July 2004, the other June 2005). One of the accounts is on both me and my fiance's credit reports, the other, he is an authorized user. Since I know that creditors are in the business to make money, not to have closed, paid accounts, I was wondering if it may be possible to ask the creditor to re-open my account after bringing the account current and establishing a few months of positive payment history. There are several reasons I would like to keep these accounts, #1: one has a $1750 limit- the other $1000, #2: they are both prime cards (9.9% interest), #3: I also have a checking account with this bank that has been open the same length of time as the credit card (good relationship building). So, I was wondering if any of you all know if it is possible to get a card re-instated by a creditor, and if so, what would be a good way to approach the creditor with such a proposition?
  2. Has your address or any other personal info changed recently? If so, you may have to wait about a month or so for the new info to be reported in the system. That's what has happened to me when I've changed addresses. They just want to make sure your information is current. Once your creditors update the new information (or you have an inquiry on your report for the new info), you should have no problem getting into the Experian report. Or, you could speed up the process (possibly) by just doing what they ask and sending in your ID. I wouldn't do it, myself, though, unless you were still getting the error message after a month.
  3. Figured I would pitch my answers...even though this is a few days old... Four Things About Me You May Not Have Known Four jobs I have had in my life: 1. Virtual Call Center Agent 2. Cashier (Toys R Us) 3. Human Resources Intern (US Bank) 4. Traffic Department Intern (Emmis Communications) Four movies I would watch over and over: 1. Forrest Gump 2. The Temptations 3. He's My Girl 4. A League of Their Own Four places I have lived: 1. Fairview Heights, IL 2. Centreville, IL 3. Reston, VA (TDY) 4. Sterling, VA (TDY) Four TV shows I love to watch: 1. House 2. Nip/Tuck 3. Desperate Housewives 4. Army Wives Four Places I have been on vacation 1. Orlando, FL 2. Chicago, IL 3. Branson, MO 4. Lake Geneva, WI Four of my favorite foods: 1. Cheeseburger 2. Extreme Beef and Cheese Quesadilla (Taco Bell) 3. Meat Lover's pan pizza (Pizza Hut) 4. Bratwurst (BBQ'd) Four places I would like to be right now: 1. Back in IL 2. Las Vegas 3. On a cruise to the Bahamas 4. Heaven Four Favorite Drinks 1. Pepsi 2. Frappucino 3. B&J Strawberry Daiquiri 4. Crystal Light
  4. I hope she wins, too. I hope see gets a gazillion (if that's possible) dollars.
  5. "I'm aware." ~Lieutenant Dan That was just on the other day. I both and everytime I see it!
  6. they can ask you for anything thing they want to. AFAIK, it's still legal in the USA to ASK. Not too sure, but I think the root of the question is: what are you required to provide? If they ask you to fill out an app, you can decline. However, since they are allowing you to drive their vehicle, if they ask for your license and insurance, you have to provide it. I think everyone knows that you can ask someone anything you want, thing is, what do we have to answer in order to go on a test drive?
  7. Desperation is the deciding factor. If you are desperate to get something, at times you are willing to take whatever just to have something. It is a very bad feeling when you are essentially stuck between a rock and a hard place. You can either buy this vehicle that's overpriced with an astronomically high interest rate, or you can do without. It's often very difficult to side with the latter (not sure if you've ever been in such a desperate situation), especially when this is something that you have a strong desire for. That's how I ended up going to J.D. Byrider. They were willing to work with me, and that's all that matters. Essentially, they had what I want, and I think I actually needed them more than they needed me (sounds kind of silly, I know). Then when you're forced into that predicament where it's always an excuse why you can't have something, even though you work hard, you get very depressed. It's easy enough to say, "that's a high interest rate, and that vehicle costs too much--I will not buy that" when you actually have outside options, but when you have none, you have to take what you can get. Like they say, beggars can't be choosers.
  8. They can only ask you for your DL and proof of insurance. Of course, I'm sure they can also ask if you are interested in purchasing a vehicle, but of course, that would be a silly question (why would you even be at the lot?). You're not obligated to fill out a credit app. For all they know, you can have your own financing lined up.
  9. I won't judge you because I've done my share of document alterations and I also know how it feels to be in a desperate situation. I'm not quite sure what the penalty for something like this is (doubt it would be jail time), but I would suppose (especially since they're so old) that the cost benefit analysis would not turn out in your favor on this one. While I'm not an expert on the topic, I wouldn't think the liens would carry that much weight on your report, anyway. Maybe it would be better to just wait it out....
  10. IMO, the whole situation is a load of crap. Starting out, it is soooooo very hard to even get credit...with no blemishes on my report, I couldn't buy anything...a home, a car, etc. Why? Because I didn't have any credit. I'm not going to lie to you, if I was aware of this AU buying service, I probably would have bought into it. If I had done so, I would have been saved from being so desperate for a loan approval that I would accept the most unfavorable terms just to get what I wanted. It would have saved me from throwing away more than $16,000 in rent when I knew that I really wanted to buy. I would have had equity in a home. Life would have been a much smoother ride. But, of course, they are disregarding the hardworking individuals who lack a credit history and are unable to make such purchases, even though they are well capable of paying back any money lent to them. I remember when they used to tell me no credit was even worse than bad credit. You can't get this or that because you don't have ANY credit. So, what do you do? You either sit back and accept it, or you get desperate and are willing to take whatever you can get. I fell victim to the latter. And that's why I'm in the situation I'm in. So, I say screw the lenders that were screwed over by the AU's on people's reports. If they weren't so stringent in their lending requirements, that wouldn't be necessary. This was just a vent...of previous and current credit frustration, so please only take it as that. Thanks.
  11. Wanted to delete my post...it was filled with incorrect info... At any rate... Does anyone know if you can open up a CD with a bank and then get a "unsecured" card that is secured by that CD (much like you do with the CD personal loans)? Is this a possible alternative for getting a card with a bank that otherwise does not offer secured credit cards? Also, I may be going way out on a limb here, but does anyone know if AMEX offers a secured card?
  12. Well, sometimes, as we all know, we have to do what's best for us in our current situation. I say it wouldn't hurt to apply to the program, see what they can do for you, and if it works, go for it. But, if you don't think that it will work in your situation, by all means avoid it. It is quite simple for someone who has an expanded list of options to advise that someone not make a particular move, but when you have exhausted all of your options and don't seem to be getting anywhere, you may have to go against that advice and make the best personal decision. I've done it in the past and while I've had some regrets about those decisions, I have learned from them and become a stronger individual. So, to each is own. I would say it would probably work for me, but if it wouldn't work for you, that's your business. Truthfully, I wish that the 722 option were open to non-filers. That would have been a better move for me than buying from the company I did, but all the same, it's about choices. You have to decide what's best for you.
  13. You know it's funny. Our first car loan, we both an overpriced car and a 25% interest rate. I think it would be a good deal (car can't be any more than 110-115% over NADA trade in- which of course is usually about half of retail value). That way, once you pay on it for a few months, you can re-fi, since you'll have a strong payment history since the BK and you will be under the retail value. It's better than being in a situation like I was in with a high interest rate and a overpriced car. As a matter of fact, I'm still in that predicament, except my rate is 22.897% as opposed to 25%. They really should have a NACA type organization for people with predatory car loans.
  14. Pros: 1. Easy Financing 2. Short Loan Terms (usually) Cons: 1. Lack of a good warranty (or in some cases, no warranty available at all) 2. High Interest Rates 3. Higher mileage, somewhat crappy cars (in most, not all instances) 4. The vehicles are overpriced (more often than not). 5. You have to go there and pay the loan (or call in your payment). 6. You usually can't trade a car that you owe on (not that it would be a good financial decision, anyway). 7. They give you less for trades than a mainstream dealer (traditionally). 8. They may not report to credit bureaus in a timely fashion (or may not report at all). 9. They don't have any grace periods on their loans and often start trying to repossess if you are even one day late (not that you should be late, anyway). 10. If they do report on your CR, they carry less weight than a loan from a mainstream lender.

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