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wajj

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  1. My younger son, who has been furloughed from his $16/hour retail job, is now bringing in almost as much money from unemployment (state plus the CARES $600/wk subsidy) as my older son who is continuing to work (remotely) in IT at $60K/year. How is this any incentive to go back to work? The only good thing is, younger son is bored out of his skull and will go back as soon as he can but even he sees the problems here.
  2. I did an auto loan through PenFed about 10 years ago and they did something similar there. I received what was essentially a blank check with a place to write in the VIN of the vehicle and check boxes for a 36, 48, or 60 term. It did state that the maximum value was $25K and the accompanying message was that if the check value exceeded the value of the auto, they could refuse the check. It struck me as strange, but I did call them and verify, and since it was a new car, I was told that there would be no issues with the value. The dealership took the check, called the number on it for verification, and sold me the car. I know it's different than a unsecured personal loan, but it is similar.
  3. Coincidentally watched that episode last night. I agree, clearly the way to go.
  4. I was in a similar situation 10 years ago and wound up renting out my old house. When I went to buy a new one (I rented in my new city for 2 years), it was difficult to get a lender to count the rental income against the mortgage -- it was always "We'll do it if we have to". After renting out my old house for 10 years, I refinanced it and was finally able to count the rental income as income on the application but they wanted every lease ever signed to verify the fact that it was rented out at least 11 months of each year. Maybe my lenders were just jerks but I don't know.
  5. I'm looking at the fact that they are paying 10% of their annual income for 4 years on a leased car. Somehow I managed to buy my last car for 10% of my annual income.
  6. Of course it is. You can't devalue cash once its given as cash back. TY points, now, that's another matter.
  7. Well, I guess that raising the annual fee and adding "perks" I'll never use makes a product change or close inevitable.
  8. Did on online CL request for my BoA Cash Rewards Visa looking to raise it from $29.7K to $50K. Came back with a CLI to $47.6K. Not sure how they hit that odd amount of an increase but I'll take it without question.
  9. NFCU Cash Rewards $50K Discover $48.5K PSECU Founders $30K BOA Cash Rewards $29.4K (one more CLI and it's on the list)
  10. PSECU Founder's Visa pays 2% if you have direct deposit, 1.5% otherwise. Redemption in any amount is allowed either deposited to your checking/savings account or as a statement credit.
  11. I don't know how official the $0.015 cpp is but it seems as though my hotel bookings with Altitude points are getting that.
  12. I view this card as a keeper if you travel enough to use the $325 credit each year. I have mine hooked up to Samsung Pay which makes it effectively a 3% travel rewards card with a $75.00 annual fee.
  13. I know you know combining is the path of least resistance Unfortunately, most are with different issuers. Already tried to roll a $25K NFCU CC into the Cash Rewards and was told that they do not merge credit lines.
  14. NFCU Cash Rewards $35K Discover $33.5K PSECU Founders $30K Slew of cards stuck at $25K. I think I need to work on them.
  15. My son is 23. I made he and his younger brother an AU on my AMEX as soon as I could. He got his first card at 18, found out the pitfalls of debt at 19 (didn't listen to me but learned quickly none the less). He bought a house late last year at 23. I hate to think where he would be if I hadn't been able to steer him in this direction.

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