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Found 79 results

  1. Received a letter today, stating as of 09/24/18, my Barclaycard Rewards MasterCard will be transferred and converted to a Mercury MasterCard, issued by First Bank & Trust, Brookings, SD. All the terms and conditions remain the same. The turd of a rewards program remains the same (essentially 2% for gas, utility, and grocery store purchases and 1% otherwise). This card is in the sock drawer, but I put the electric bill on it every couple months to keep it active. It was a rebuilder card and one of my first cards after my BK7, so hopefully they preserve the account opening date when they make the transfer. It's currently one of my oldest open bankcard tradelines (it's 4.5 years old). I wish Barclays would have allowed me to convert it to a different one of their cards, but they never would. They got pretty stingy with the credit line though. I was initially approved for $2,000, got an increase to $2,250 after 6 months, then an increase to $5,150 in February 2016. They haven't budged the credit limit since that time, being denied them (with hard pulls) for stupid reasons (which of course, is their right so to do). It's funny, the card went from being my highest limit and very first bankcard with a limit over $5,000 (a real milestone for me) to becoming the smallest credit line that I have for a bankcard, currently. Anyway, I've never heard of Mercury or First Bank & Trust before. Wanted to hear anyone's thoughts and experiences with this product.
  2. Fresh off the Printer! CDIA's Popular FCRA Booklet Updated to Include S.2155 the Economic Growth, Regulatory Relief, and Consumer Protection Act Order your replacement FCRA booklet today! CDIA's popular FCRA booklet has been updated to include the Economic Growth, Regulatory Relief and Consumer Protection Act (S.2155). Now known as Public Law 115-174, the updated provisions related to the Fair Credit Reporting Act (FCRA) are: TITLE III—PROTECTIONS FOR VETERANS, CONSUMERS, AND HOMEOWNERS SEC. 301. PROTECTING CONSUMERS' CREDIT. SEC. 302. PROTECTING VETERANS' CREDIT. TITLE VI—PROTECTIONS FOR STUDENT BORROWERS SEC. 602. REHABILITATION OF PRIVATE EDUCATION LOANS. Formatted in a convenient, portable size, the CDIA's popular FCRA booklet contains the text of the Fair Credit Reporting Act (FCRA) and all subsequent amendments to the Act. It provides an easy way for you to quickly reference specific provisions of the FCRA. This 93-page mini-booklet is an indispensable resource to users with FCRA compliance responsibilities, such as CRAs, lenders, and data furnishers/users. Stay up to date with your regulatory obligations under the FCRA — an important core risk management function. Order your updated FCRA booklet today! $27 for CDIA members $47 for non-members Save with the purchase of 10 or more FCRA Booklets!* 5% off orders of 10-24 booklets 10% off orders of 25 or more booklets *Discounts are applied automatically. For more information, please visit CDIA website or contact CDIA Education Services or at cdia_training@cdiaonline.org or (202) 408-7417. I just cut and pasted my email. I don't know how long the links will be active from the CDIA.
  3. Has anyone used Credit Suite? Has anyone listened to Ty Crandall? What is your opinion if so? He been saying that with 10 to 15 trades and one being at least 10k that a company can get Amex, Chase etc with not pg. I have also heard this in other places. I am trying to see if anyone else has heard this or accomplished this.
  4. https://www.inc.com/vince-passione/how-credit-unions-are-winning-over-millennials.html #crapflakes
  5. 2018+CRRG+6+FAQ.58.pdf 2018+CRRG+FAQ45.pdf FYI if you may be impacted by natural disaster, etc.
  6. I was doing a bit of multi-tasking and logged into both my Amex and Disc accounts in separate browser tabs. First, I contacted Discover chat to resolve something. Issue resolved, closed chat, left feedback. Then, I opened chat via Amex to resolve a matter there. It contained the entire log from my Discover chat, and kept prompting me to close the chat window as my issue is closed. Seems like a potential privacy/security issue. Though I'm pretty sure that this would be an extremely uncommon scenario and difficult to exploit.
  7. Folks, you have 2 choices: You can either sit there wondering why other people have what they have and can do what they can do, while you don't and can't, OR you can learn how to get what they have. I chose the latter. Here's my testimony: 10 months ago, my credit was so bad and scores were so low, I couldn't even borrow from myself (joke). I watched my brother fix up his and his wife's credit 15 years ago. Since then, they bought 2 homes, 1 in Baltimore and 1 in Pittsburgh. He was telling me that he was at the point where he could walk into any dealership and walk out with a new car, just like that, with no money down. I admit, I was kinda jealous of that. ME ON THE OTHER HAND, I remember one time coming home from driving over the road and trying to rent a car (with cash) for the weekend, and I couldn't because they required a credit card, which nobody in their right mind would ever give me. I was actually delusional enough to apply for a credit card. I'm surprised they didn't call the cops on me! 😂 I remember having to pay a huge deposit just to get a cell phone. 4 months after making a decision to fix my broken credit report, starting a credit repair program, learning the laws that govern debt collection practices, actually doing the work myself, as oppose to hiring some lame credit repair company (*caugh* Lexington Law) who just wants to make money off my misery, and learning how credit works, my credit scores went up nearly 200 points. My credit never looked this good in my life! Now, I'm getting approved for everything I couldn't before. All because I made a decision. Stop making excuses and start making that decision. Go get that house, car, loan, vacation, whatever it is you want or need that you think you can't.
  8. Just a heads up...potential buying opportunities lurking since there are still too many people out there in homes they really cannot afford and where the quarter or half point will result in the foreclosure processes commencing. This represented the third move this year, and the benchmark is STILL cheap...this move only took the rate to 2.25% but it is the highest since April 2008. Expectations are between two and four hikes also on tap for 2019... And yes, for those who revolve balances on credit cards, this ALSO means THOSE payments will be increasing. The other bright spot is that this means hikes on savings rates, although they still remain minimal in terms of anticipated gains on those amounts.
  9. https://www.bloomberg.com/graphics/2018-lehman-debt/?srnd=premium
  10. https://twocents.lifehacker.com/credit-freezes-will-soon-be-free-1828993474
  11. [Offered With limited Commentary] Education Secretary Loses Lawsuit on Student Loan Forgiveness https://www.forbes.com/sites/zackfriedman/2018/09/17/student-loans-lawsuit-devos/#705b3a463230 Loan Forgiveness is a Poor Use of Taxpayer Money https://www.forbes.com/sites/prestoncooper2/2018/09/07/loan-forgiveness-is-a-poor-use-of-taxpayer-money/#159b390f7b89 Despite Powerful Allies, Problems Persist in For-Profit Education https://www.forbes.com/sites/joshmoody/2018/09/17/despite-powerful-allies-problems-persist-in-for-profit-education/#4fce87b364cd The last article also mentions Education Corporation of America, mentioning they are closing 26 locations by 2020. Rather than the ITT or Corinthian route of just leaving students hanging with worthless credits and a stack of student loans, ECA is allowing their students to finish out their programs but are no longer accepting new enrollments. Maybe it's because prospective students are finally figuring out the truth about these diploma mills and avoiding them like the plague?
  12. Fidelity introduces a couple fee free index mutual funds. Vanguard introduces fee free ETF trading on 1,800 ETFs, and we all know Robinhood. I think it's also possible we'll see a negative fee mutual fund in the future. Link: https://www.cnbc.com/2018/08/01/vanguard-group-begins-key-experiment-in-the-new-era-of-free-investing.html
  13. Great Day Everyone, I have a question as it relates to Balance Transfers Checks and Access/Convenience Checks... (not sure if they are the same really) I was just recently approved for a new Citi Simplicity Card 21K and a Chase Freedom Unlimited card 26k I remember getting Access/Convenience Checks in the mail periodically years ago and wondered... Do credit card companies still offer those, if so who? and are BT checks something that can be used for purchase - payment to self by way of deposit into my account? (Do I have to request these Checks?) I don't do much with my credit cards other than using them and paying them off monthly, so please forgive me if my questions seem elementary? But I am not in the loop as it relates to many of these options.
  14. America’s craving for credit may get a little more difficult to satisfy, according to a survey of major banks conducted by the Federal Reserve. The results of the questionnaire given to senior loan officers at 72 domestic banks indicate these credit card lenders are looking at applicants with a more critical eye, particularly those whose credit score fall in the subprime category (defined by Experian, a leading consumer credit reporting agency, as a score below 670, though there’s no hard-and-fast rule over what qualifies as subprime). https://paymentsjournal-com.cdn.ampproject.org/v/paymentsjournal.com/the-brakes-are-on-us-credit-cards/amp/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCCAE%3D#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=http%3A%2F%2Fpaymentsjournal.com%2Fthe-brakes-are-on-us-credit-cards%2F
  15. Capital One is apparently upgrading the existing Savor card. Now, it's a 4/2/1 card (4% dining and entertainment, 2% grocery, 1% base) with a sign-up bonus. However, it now comes with a $95 AF (waived in the first year for new cardholders). https://www.capitalone.com/credit-cards/savor-dining-rewards/ And now, there's a SavorOne card with the old 3/2/1 structure (3% dining and entertainment, 2% grocery, 1% base). No AF https://www.capitalone.com/credit-cards/savorone-dining-rewards/ If only they countered the UBER Visa with a Lyft World Mastercard (but no one at CapOne could be that smart, could they?)
  16. Saw this article, https://abc11.com/finance/your-credit-score-may-soon-be-going-up/3962367/, along with others recently. Are they saying even like cell phone collections will no longer be reported? I've searched around but cannot find more detailed information on this new change. My take is that only loan originating collections will be reported from now on. Thoughts!?
  17. The check arrived out of the blue, issued in his name for $1,200, a mailing from a consumer finance company. Stephen Huggins eyed it carefully. A loan, it said. Smaller type said the interest rate would be 33 percent. Way too high, Huggins thought. He put it aside. A week later, though, his 2005 Chevy pickup was in the shop, and he didn’t have enough to pay for the repairs. He needed the truck to get to work, to get the kids to school. So Huggins, a 56-year-old heavy equipment operator in Nashville, fished the check out that day in April 2017 and cashed it. https://www.washingtonpost.com/business/economy/a-way-of-monetizing-poor-people-how-private-equity-firms-make-money-offering-loans-to-cash-strapped-americans/2018/07/01/5f7e2670-5dee-11e8-9ee3-49d6d4814c4c_story.html
  18. I was just approved for a BOA Business Advantage Card - does anyone know if this reports to my personal credit? Thanks!
  19. https://www.kiro7.com/consumer/clark-howard/every-american-express-cardholder-needs-to-know-about-this-new-security-feature/810267530 Yawn.
  20. http://www.therepublic.com/2018/08/08/state-attorney-general-warns-of-credit-card-scam/
  21. https://www.pymnts.com/news/international/2018/visa-mastercard-canada-transaction-fees-credit-cards-smb/
  22. https://www.cutimes.com/2018/08/08/filene-plans-national-launch-of-immigrant-lending/?slreturn=20180708201722
  23. Why does my banking session time out in just a few minutes when I'm using my desktop computer at my house? Is someone going to break into my home and wire money to Nigeria while I'm taking a shower? Are they going to pay my credit card bill from my checking account while I take the trash can to the curb? Google Maps can pinpoint which end of my house I'm in when I visit their site. How can my bank not know that I'm at home? They have my address. Why does my State Farm Insurance login require a complex password that I can never remember? Is someone going to hack into my account and file a claim? I have so many questions.
  24. I have a small loan through a loan company. Usually I make the payment through my bank, with my checking account. A couple of weeks ago, I made a payment with my PayPal debit card. Yesterday I saw that the loan company, on their own, pulled the payment I was to make today, off of my PayPal debit card. My PayPal account didn't have enough for the payment, so PayPal pulled it out of my checking account. End result, is the current payment is made, and I am baffled and irritated they used my debit card to draw the payment. I did NOT authorize the company to use the card. What is this? I talked to PayPal, and they said the loan company had "permission" to use my debit card, since I had used it in the past to make the payment, so they could pull the payment now. Could someone give me more information about this? I have never heard of this before. PayPal did tell me the only way to stop the pull now was to cancel the debit card and request a new one with a new number. I will do that.

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