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JeffeVerde

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  1. Under the Bank Secrecy Act, financial institutions are required to report cash transactions of $10,000 or more. There's nothing wrong with CTR's and large cash transactions - a CTR is simply a reporting requirement. But splitting up large transactions to avoid triggering a CTR is referred to as "Structuring", and this reporting avoidance is a crime in and of itself - even if there was no illegal behavior (money laundering, etc) behind the actual transactions. If a financial institution suspects structuring is occurring, it is required to submit a Suspicious Activity Report (SAR), which can
  2. Flip this around -- what benefit do you think will be gained by closing the accounts? Yes, opening a boat load of accounts in a short time affects your AAOA (average age of account) and has a short-term negative affect on your FICO's. But at this point, the damage is already done. There's no "take-backs". Figure out which card(s) make sense for you to use for daily-use. Make a spreadsheet of the rest of your cards, with a column for "last date used", and then put them somewhere secure (aka "sock drawer" them). Make a point of making a few charges on each of your sock-drawered cards at
  3. An invitation from Chase to upgrade to their "Chase Private Client" banking service -- a month after Chase closed all my CC and banking accounts
  4. BT checks for two Chase CC's that Chase closed a month ago. Second time since they closed the accounts
  5. FICO weirdness today. DGF's FICO's are (or were) 736-738. Oldest account is 16 years, AAOA is 8-something years, and her only negatives are a 6-1/2 year old BK and CA. We both travel a lot for work, with an AmEx Plat being the primary travel card, and while it's PIF each month, it usually reports a balance. Last month, AmEx reported a higher-than-usual balance of $8800, and there was no negative impact to DGF's FICO's. This month it reported a balance of $5500, and her FICO's dropped --- a bunch!. EX dropped 20 points, TU dropped 11, EQ hasn't reported a change yet. myF
  6. If you start a new dispute while you have an open dispute - it gives that CRA extra time to respond to the original dispute
  7. In faxing the agreement - there are also fax-to-email services - you can set up a trial account for free (google it). The CA is going to push hard to do a direct debit of your bank account. DO NOT give them your bank info! However, if time is of the essence, you could open a throw-away account, with the sole purpose of funding an ACH debit for the CA. This might be necessary if you're able to negotiate a pay-for-delete, because they're going to push for immediate payment in return for the deletion. re: #5 - just like buying a car - people are pushing to make their numbers at the end
  8. Of course with Mulvaney in effect defunding the department, this might turn out to be a pyrrhic victory
  9. IF the creditor is being on the level, then what they described is a valid method to make a correction like this. You dispute with the CRA's, saying "I was not late on these payment". The CRA is then supposed to contact the creditor to confirm. If the creditor doesn't respond, then the CRA is supposed to delete the disputed negative item(s). That said - it's suspected that the CRA's aren't always as thorough as they should be in researching a dispute. And if the creditor does an auto-response ("Yep - our records are accurate"), then the negative items stay on your report. If they
  10. Be aware that utilization - both individual and overall - is a big part of your FICO score. I suspect that those two accounts with >50% utilization are probably costing your DW in the neighborhood of 20-40 FICO points. Not a big deal, as long as she has no near-term plans to app anything. Also be aware that the FICO algorithm responds to decreases in util more slowly than it does to increases. So an increase in util will affect your FICO's the day the high balance is reported. But once the util drops, it can take several months for your scores to recover. So don't expect your FICO
  11. Between uber and grubhub, would you have actually used the car if it was working yesterday? Or are you just whining because TAD let the car sit for 2 weeks, waiting for you to deal with it?
  12. Page -as in Trump's giant stacks of "very important" blank pages
  13. Viewed from Chase.com, the CC accounts all show "Your account has been closed". But the links to the related rewards sites still work, and my member sign-in, status, and rewards points are still active on United.com, BritishAirways.com and IHG.com, if that's what you're asking. re: Cat Stevens / Do-Not-Fly list - no recent name or religion changes, and I've flown a half dozen times in the two weeks since the account closures. So probably not an issue
  14. You also need to contact those three co-brand partners of your cards, UAL, BA and IHG and find out what is really going on here! I highly doubt any of them want to lose a customer and my guess is you will probably catch Chase in a lie as I really doubt your Chase closures (cards & banking) were precipitated by a co-brand partner request. Does the partner have anything to do with a co-branded card? I always assumed it was strictly a marketing thing, and that I was really a customer of the issuing bank.
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