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  1. minnesotakent

    LA Times: Plight of the unbanked - odd article

    I know a man who is about 60 years old who has a job that requires a specific skill that he is very good at. He's considered a genius at that particular skill, but otherwise not very bright at all. His boss pays the man's rent and all of his bills. At the end of each work day his boss will ask what he needs and usually ends up giving him anywhere from $20 to $60 to take with him that day. His boss puts any unused wages in a retirement account that this guy has no interest in at all. His boss also helps him with his taxes every year. It's a very unique relationship, but they've been doing it this way for over 25 years.
  2. I've had my phone number for 11 years. For the first year or two we got many debt collector calls for someone named Ron Mackie. I called the telephone company who confirmed that someone with that name had our number before us, but they also said that the account had been closed for over a year when they gave us the number. For the last 8 or 9 years we would get an occassional call (maybe one per year) from a debt collector looking for him. For the last month we've been getting several calls per day looking for him. Each time I explain that we don't know who he is, that he hasn't had this number in at least 12 years, and I tell them not to call again. I've tried finding this guy myself and I've never found anyone with that name living anywhere within 400 miles of me. For all I know he died 12 years ago. Any suggestions for getting this craziness to stop?
  3. minnesotakent

    NASA FCU Pre-approved after burning them in BK in 2010.

    The offer does have opt out language. It shows an APR range. So, does this mean this pre-approval really has little value and it's mostly just an invitation to apply? Ubercat, my specific questions concerning NASA were not easily found. Thank you for your post. It was quite helpful. Actually, it was unseemly at best.
  4. I burned them for about $5,000 eight years ago. Today I received a letter saying that I am pre-approved for their Platinum Advantage Rewards Visa. Are pre-approvals usually a sure thing? Is NASA known for being forgiving towards being burned? There's not much in the credit pulls database about this card. Does anyone know if NASA is generous with credit limits?
  5. I probably would not use it much, but the only reason I would get it would be for the large credit line which could be helpful in getting other large credit lines. Is it worth taking an inquiry to add a $20,000 card to my credit report? This would be my second highest limit. My highest is a PenFed Power Rewards card that has a $28,500 limit.
  6. Are there disadvantages for having positive authorized user accounts on your report? When applying for a credit card, do they take into account how many accounts someone is an AU on?
  7. My credit score is in the low 800's. I checked for prequalifications with the different credit card companies and there were offers at all of them, except Chase. I would like to add one or two more new cards with a focus of large credit lines and cash rewards. Since I have two new accounts should I wait six months or so to apply for more accounts or apply now? Any suggestions on what I should apply for? Here are my current accounts. PenFed Power Cash Rewards Visa, $28,500 limit, brand new account. Citi Costco, $9,500 limit, brand new account. Capital One Venture, $18,500 limit, account is 2.5 years old. Capital One Venture One, $15,500 limit, account is 2.5 years old. Amazon store card, $6,000 limit, account is 2.5 years old. Walmart store card, $6,000 limit, account is 2.5 years old.
  8. minnesotakent

    My credit score went from 637 last month to 805 this month!!

    I don't want to start a new thread with this question, so I am hoping someone can answer the question in this thread. I recently requested a CLI on my Amazon store card (Synchrony). The limit had been $1,300 and I requested $25,000. They approved me for $6,000. Today I received a letter in the mail explaining why I didn't get the amount I requested. The letter said that my credit score is 834 and this was based off information from Transunion. My question is this: is this credit score a FICO or a FAKO? Thanks for reading.
  9. minnesotakent

    My credit score went from 637 last month to 805 this month!!

    Well shoot, I did not realize it was a FAKO. How can I delete this post?
  10. I don't post often, but I have been using the information on this forum to improve my credit scores. According to Capital One's Creditwise, which I believe is a Transunion Vantage Score 3.0, my credit score last month was 637 and this month it is 805. Thanks to everyone who posts advice on these forums. You're information has been very valuable to me. For anyone interested, here's what I have done since January, when my score was in the 500's. 1. Got my free credit reports and disputed all inaccurate information. 2. Refinanced my house, which lowered my interest rate by 1.5%, reduced the years left on the mortgage, and got cash out. 3. Used the cash from the refinance to pay off all my credit card debt. 4. Combined my 5 Capital One cards into two cards. I no longer have any cards with annual fees. 5. Got credit limit increases on my two other credit card accounts. 6. Opened a Pen Fed Power Cash RewardsVisa card account and a Costco Visa card.
  11. I did exactly what blake10 suggested. I requested CLI on all the Capital One accounts and got the 2 to 3 day message for all of the requests. My Walmart card limit had been $1,200. I requested $25,000 and received a $6,000 total limit. My Amazon store card had been $1,300. I requested $25,000 and received a $6,000 total limit. The big news is: I applied for the PenFed Power Cash Rewards card and was approved with a credit limit of $28,500!!!!! Thank you, everyone, for your advice. This has worked out pretty good, even if I don't know what will happen with the Capital One cards.
  12. Answers to the above questions. My emergency fund could get me through at least six month, but not an entire year. I could put more into that, but I have chosen to put more into my 403B (similar to 401K) instead. It is FICO 8. Transunion is at 748. Experian and Equifax are both at 735, My wife also has 2 Platinum accounts with Capital One. All of our applications were submitted through the Capital One website. We just applied and got them. We've had those accounts for about 3 years. I don't remember if I was on the step progam for the Quicksilver account or what the beginning limit was.
  13. I am beyond thrilled. For the first time in over 20 years I don't have anything negative on my credit reports and all balances on revolving accounts are either at $0 or less than $100. My FICO scores are all in the low 700's. Here is what I currrently have for credit cards. All cards are between 2 and 3 years old and have not had any credit limit increases in at least two years. I intend to ask for limit increases on all current cards and then combining the Capital One cards into two cards. 1) Capital One Platinum. Credit line is $6,000. 2) Captial One Platinum. Credit line is $6,500. 3) Capital One Venture One. Credit line is $3,000. 4) Capital One Quicksilver. Credit line is $3,500 5) Capital One Venture. Credit line is $15,000. 6) Walmart store card. Credit line is $1500. 7) Paypal store card. Credit line is $2500. Doesn't report to credit bureas. 8) Amazon store card. Credit line is $1500. 9) Barclays credit card. Credit line is $1500. What should I apply for now? I opened a Pen Fed savings account a couple of years ago, but was denied for a credit card at that time but I still have the savings account. I included NFCU in a bankruptcy eight years ago, so that is not a possibility. Any suggestions would be appreciated. Thank you.
  14. Follow up: the dispute with Experian was successful. I was hoping to get the account removed, but the result is even better. They removed the referance to the bankruptcy and reported that the account paid in full and never late. My only remaining negative is now a positive!!
  15. minnesotakent

    Capital One Combining Accounts Strategy

    I have so many Capital One cards because three years ago my credit was lousy and they were the only company (not counting the store cards) who would approve me for anything. I haven't even applied for any other credit cards in the last two years.

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