centex

They may or may not be a purchaser. Even if an OC has charged something off, they may still own the paper and use third-party entities to collect. They may also have elected to sell the paper, depending on how stale it was. The language in the reply you receive to any manner of dispute will likely clarify things for you. I would add that an email is likely going to have snail mail arriving shortly after...

Why do you believe the verbiage gives you any manner of 'leverage?' It clearly indicates that they acquired the matter via purchase. Reporting on any of the four major bureaus has absolutely nothing to do with collectability of a purchased debt. Remember also that you have no standing to communicate with the entity (because it isn't your account) and they have no obligation to communicate with you.

Every case is dependent upon the facts germane to THAT debt. A purchaser steps into the shoes of the original creditor. In this day and age, most will also have the documentation necessary to satisfy a court in any manner of litigation. Until the debtor reaches out with an appropriately worded letter, one does not know what documents the purchaser may have in their possession.

50 points on WHAT model? Being over 800 on the 850-score model without a mortgage or other installment is easily attainable. The key is in limiting the ratio of cards to cards with a balance AND limiting balances in the first place.

The delineation of 'other' vs. 'collection' on your shiny bauble is a customer-facing toy. It is NOT how matters are broken down on the report obtained by the entity that pulled the four reports. Their copies are going to have the letter designator for the account type and a 0-9 indicator for status. Focus on the account, not the layout.

Credit repair companies rarely have the best interest of their customer at heart...and they often have the potential to do far more harm than good, which is especially problematic if there is a LEGITIMATE issue that could become ripe for litigation.

Blasphemous as some might find it, not every decision is made on specific rewards. We The People sometimes like what a card issuer stands for... I've still not seen it report but I haven't had a balance in a given month when the statement cut...

The EASIEST way to know what and how much would be awarded is to actually read the Terms and Conditions of the card before blindly app'ing a card offering. By example, there is a bank (G Bank, formerly Bank of George) that specifically GIVES points on certain gaming transactions while some (indeed, many) banks expressly EXCLUDE gaming transactions from rewards. I know of no card that doesn't recognize utilities. BUT, as noted, a third-party transaction fee could offset the rewards, making it wise to use another form of payment. Again, pay heed to the terms and conditions...

There is not just ONE bureau. In some cases, the part of the country one lives in may drive who to expect. Also, do not become beholden to the big names. There are lots of little lenders out there who give out BIG limits and have decent APR's if you absolutely must revolve a balance at something other than a 0% teaser or BT offer.

There, it should be added, is ALSO an option to send items certified WITHOUT a signature required. Basically, the USPS certifies via a stamp that the item was delivered as addressed. It's also a few dollars less...

A Magic8 ball will do you more good than a sKore nobody uses. If it doesn't say Fair Isaac (FICO), then disregard it...a FAKO isn't even good for entertainment value.

They've been doing this for a while. It's a good back-pocket option to have, but I'd rather give BofA 3% than give Chase 5% if I had to go this route. It's been a minute, but I think even Barclays has the option for a direct-deposit now...

In ANY economic climate, those aren't strong scores, but this is even more a truism in the current economy. I would suggest going to your small, local institution and doing a secured loan. Rinse, lather, repeat. They may also have a secured card that you can throw a few thousand at for the collateralization of the account. In the interim, read all you can here and work on the triaging of the four reports (yes, Innovis matters). Don't be wasting inquiries app'ing online with those scores. All you MIGHT get are predatory lenders that fee you to death.

No, this board has a spectrum, ranging from those in waaaaay over their heads to well-established credit wh0res. There has historically been an array of sites out there related to credit, including those that advocated frivolous litigation and ranging to those that primarily catered to HNW individuals who take offense to anything under a $20K limit. If ANYONE reads my original post in this thread, they will see where I point out plusses and minuses to this one as well as soliciting input from Vegas locals that have tremendous financial industry knowledge. Quite honestly, anyone who takes on ANY new credit without reading the terms that they attested to having read deserves whatever happens if they get in over their head. But APR means nothing to those who don't revolve balances unless there is a 0% teaser offer. THIS card has the potential to help those of us who don't like the TSA hassles that come with carrying large sums of cash and who like the idea of getting rewards on spend that would otherwise be via marker or, worse, would be treated as a cash advance (such as loading funds to legal online sportsbooks)and where interest starts accumulating as soon as the transaction posted.

Is it loyalty if the card isn't being used in a significant fashion? And, at the end of the day...it's business, not personal. They have to have resources allocated to cover those lines. When the economy sucks, lenders tend to tighten the reins, both on approvals as well as the outstanding lines allotted to customers.