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Found 580 results

  1. I'm looking for input on what cards to app for. My bk7 is off of my EQ and EX, and should be off TU any day now. I'm trying to accomplish several things with this app spree. 1. Maximize my rewards on my spending. 2. Establish/reestablish positive relationships with lenders that may be of benefit me in the future. 3. Broaden my base of cards so that, once these are aged, getting a new card here or there will have little to no impact on my AAoA. I am planning to nearly double my current number of credit cards(10). This will hurt my scores significantly in the short term, but should make my credit more solid over time. Cards I currently have: Fidelity Rewards Chase Freedom Discover IT USAA Rewards Amex Wells Fargo Cash Back NFCU Platinum Barclay Rewards Penfed Platinum Rewards State Department Platinum Rewards Quicksilver My list of cards that I am considering, with purposes in parentheses: Citi Double Cash (reestablish a relationship with Citi while giving me another 2% option) US Bank Cash+ (5% categories) Amex BCE (3% at supermarkets) BOA Cash Rewards (3% category) Amazon Prime Rewards Visa (5% at Amazon) Capital One Savor One (3% on dining and entertainment) (I am already getting 3% on dining with my USAA Rewards Amex, so this one may not be worth my interest) State Department Cashback Rewards Plus (another 2% card with no redemption hoops, plus cell phone protection, extended warranty, CDW, trip cancellation) USAA Cashback Rewards Plus Amex (5% cashback on gas) Chase Freedom Unlimited (Considering this one only for the $150 bonus and to get another Chase card before I go over the 5/24. I really don't see any use for it otherwise. The Freedom Card which I already have is their only card that seems particularly useful to me) ETA: Looking at the Chase Ink Business Cash (5% categories +$500 bonus) I'm just wondering what potential issues there are with using a business card for personal expenses? I would appreciate any suggestions of other cards that may be useful, or input on the usefulness of cards I am already considering.
  2. I am preparing to refinance my student loans, and want to ensure my credit is in the best shape possible before applying. My credit utilization is between 10-15%; however, I have late payments on my account that I feel may be unjust, and I'm seeking advice from individuals who have gotten negative items removed to see if you think I am eligible to do the same. In July of 2017, one of my small student loan services changed carriers to Heartland ECSI. The payment was roughly $35 per month, but when the loan changed hands my automatic payments stopped as well. This resulted in my payment being 3 months late (the first 3 months the new loan went into effect). I did not actively change the loan to another company, this was done between the two companies. To put this in perspective, I pay roughly $2000 per month in student loans and my annual income is between $120,000-$130,000; so it's frustrating that such a small payment is making such a negative impact. I'd like to hear if anyone has similar experiences and if you think I have a chance to get this removed. I greatly appreciate any input!
  3. I had a rental property that was part of a business dealing that went bad. The property was on the brink of foreclosure when we were finally able to settle and sell. Bank (and taxes, HOA, etc) all were paid in full. This was not a short sale, or settlement of debt. Realistically, when would I start to see my credit score increase? This house was the only negative on my credit report (unfortunately a large one) and was nearly 2-years behind when everything was resolved. Score dropped about 150 points when the payments were falling behind. Other debt is minimal. Just primary residence ($200k and 5 years of on-time payments) and a school loan ($6k remaining). Credit cards are used for daily transactions, but are always paid in full. No other late payments, collections, or anything of the sort for 15 years plus. Bank is showing the mortgage account as closed, but it doesn't appear that it was marked as "Paid in Full." Related question, I see that typically late payments fall off of the credit report 7 years after "first notice." Does that mean at the 7 year mark, that all vanishes, or is it a rolling 7-year (as the last late payment filing was 2 years after the first, so it would be 2 years from now?). Thank you.
  4. Marcusbaytbm

    Enhanced Recovery reported 2/5/2019

    Hi Guys! I need help with a collection account that recently reported to my Experian report on 2/5/19, “Enhanced Recovery” purchased an old Sprint debt from May 2013. In California our SOL is 4 years. What can I possibly to get this account removed from my report ASAP! Account Name ENHANCED RECOVERY CO L,202752XXX Original Creditor SPRINT Open Date Invalid date Balance $1,302 Debt $1,302 Contact Information 8014 BAYBERRY RD,JACKSONVILLE, FL 32256,(800) 496-8941
  5. Hi all, it's been a while. I'm still rebuilding my credit and it's been over a year. It's going much slower than I'd like. The question here though, is what to do after a legal name change. I have been updating my name with the current creditors. That hasn't shown any results on my credit reports yet. I obviously cannot get any new credit until my name is updated on the credit reports. I have searched and read that you don't really need to request that the CRAs update the name because it will happen when the creditors report. What do you all say about that? If I need to update it with the CRAs, do I just send a letter with a copy of the name change court order, copies of new DL and SS card? On another note, when I was trying to update my name on smartbusinessreports, while trying to verify my identity, their system pulled up a bunch of info totally unrelated to me, presumably related to someone else whose name matches my new legal name. The questions they asked were not related to anything on my Big3 reports. Is it possible my data got merged with someone else's on one of the others like LexisNexus, Innovis, etc??
  6. mckbulldog02

    First Commonwealth Bank

    I wanted to share an update to a recent account opening with no issue. Back last November 22, 2017 i applied online at First Commonwealth Bank and was denied due to Chexsystems. On June 29, 2018, i applied again and thought what the hell. The next morning, I had an email saying my application was approved. I funded it $50.00 and got debit card in the mail within 7 days and got checks 10 days later. I am still in Chexsystems. My significant other and Mother are both on chexsystems to. They applied as well, and were both approved. I went to a local branch on July 21, 2018 and opened a business account, They offer free business accounts. I was approved. No mention of chexsystems, efunds, fiserv was never mentioned by the banker. I always try and get as many banks as i can and use them so that one day i have back up banks and a plan. It seems lately a lot of banks are merging these days. The website to the bank is www.fcbanking.com Wells Fargo Bank Branches in Ohio, Indiana, Michigan are merging by the end of 2018 to FlagStar Bank Fifth Third to Merge with MB Financial, a Chicago based Bank. First Financial Bank, effective 05/29/18 merger has been completed with MainSource Bank. First Merit Bank in Akron, OH and Foundation Bank in Cincinnati, OH have merged with First Commonwealth Bank First Merit Bank in Akron, OH has merged some branches to Huntington. So as you can see, a lot of mergers have happened within the last year.
  7. This is for two family members. They have score's in the 600's but don't have open accounts. Member #1 Scores are 627 on Transunion and 667 on Equifax. No open accounts. Member #2 Scores are N/A on Transunion and 638 on Equifax. No open accounts. This person applied for Costco credit card recently and was denied mostly due to no open accounts I believe. He got a hard inquiry on both bureaus. All of their closed accounts are in good standings but there isn't much history. I, for example, have the Capital One that I got about 7 years ago to build credit. I could maybe add them to my account or try to get them to obtain their own cards. Maybe there are better cards.
  8. thankyouforhelp

    Credit Card charge off from 8 years ago

    Hi, there was a wells fargo account credit card account that was charged off years ago in 2011 but the accounts last payment is showing 2013. here are some more details: Account Status Closed Payment Status Charge-off Status Updated Oct 1, 2013 Usage 125% Balance $1,498 Balance Updated Jan 2, 2019 Last Year I received an IRS letter stating that I didn't report the charged off amount as income for my 2016 taxes. Wells Fargo cancelled the debt and sent it to the IRS on the last day of the year in 2016. As soon as i received the letter i paid the debt in full. Here's where I'm stuck on how to proceed. My credit report still shows the full charged off amount even though I paid it to the IRS when requested and i cant get it removed no matter how many times a dispute it. According to experian the account will be removed from my credit report at the end of this year in 12/2019. I need some more information because I don't want to do anything have the clock be reset on when the account will be removed. ( I'm afraid of a situation where if any new information is inputted resulting to a reset of the 7 year rule) Should I give up and wait for the account to be removed? Or should I press further and keep trying to have it corrected. And if I were to do so, what is the best way of going about it? Thank you so much for the help.
  9. I'm in the market to finance a new car and have had a car loan before which I started in 2008 for 12k + interest from Carmax and I finished paying it completely a few years later but it's been deleted from all of the credit bureaus. I think it was deleted after disputing an error. I wanted it corrected but instead, they deleted it and now my credit shows no history of a car loan which could benefit me in getting the new car finance. Is there any way to get this loan to show back on my credit?
  10. shifter

    shifter's Rebuilding Thread

    I haven't been around for a while. but, actually I have, just under a different SN. dice727 is actually me. (in case you missed it, the thread is here: https://creditboards.com/forums/index.php?showtopic=567281) yes, for the many doubters, sadly everything posted in that thread is real. I posted under an alias with mom's permission because I had some pending legal issues and this account could possibly be tracked back to me. so now 18 months later, all that's been resolved, I received my Chapter 7 discharge in June and am working on rebuilding my credit. since I IIB'd pretty much every major creditor around and most of the good CUs, rebuilding is going to be an interesting process. current snapshot: FICO08s are EX 584, EQ 606, TU 573. I have no personal revolving accounts open right now. I didn't reaffirm the mortgage, so that's not open either. I do have open student loans. I am an AU on one open Ann Taylor account of my wife from 2003 with no balance and $3650 CL. I do still have some older paid/closed accounts on my report which helps my AAOA along with the student loans. going to use this thread to keep track of progress and notes. feel free to interject any advice if you think there's something I should/shouldn't do! I rebuilt many years ago from a bunch of CO accounts, but pretty much just waited until 7 years passed and everything fell off before starting to rebuild. so this is new territory for me.
  11. Hello! The day after Christmas, I checked my EQ report and found that a particularly scummy CA that's known for this practice dropped a collection on my previously clean report. It's an alleged payday loan from 7/2012. The CA has never contacted me in any way. I see from my research that reporting a collection on a report is considered to be first contact. Since then, it's been added to TU too. As I craft my dispute, I wanted to confirm a few things and how to word and prioritize the items on my dispute letter. 1. The date it was assigned was 12/19/18. 2. The date it was reported was 12/24/18 (obviously, this doesn't allow for the 30-day dispute process, but if reporting on a report is first contact, that may be moot...?) 3. Since that first contact, including allowances for the holidays, I have not received the required dunning letter within 5 days of first contact. 4. In reading the April 22, 2017, post from ICanHasMuny? on this thread (link at the end of the post), this type of account shouldn't even be reported: "EX TU an EQ won't accept the following information from furnishers effective june 2016 - so if you have this type of information still on your reports, DISPUTE IT OFF ... check cashing companies payday loan companies" I'm pretty hacked off about this... the DOFD is 7/2012. I don't have an exact date yet. I appreciate any guidance on disputing this, especially regarding the wording and citations. I haven't had to deal with any negatives in a few years, and this was a shock. Thanks very much!
  12. Utilization Consolidation Optimization only using EX HELP! Scores EQ538 TU587 EX638 Amex blue 10K / 4K bal Amex Every 10K / 7500 bal BOA Alaska Air 4500/ 3900 bal DISC 6300/ 4200 bal BECU 2K/ 1500 bal Cap 1 800/ 0 bal CITI 1K/0 bal Credit one 950/ 0 bal First Premier 1K / 0 bal First Premier 400/ 0 bal Student loan 9500/ 9270 bal I was at 690-710 on my scores then loaded my cards, killing my scores from over utilization. Along the way I was dealing with a federal agency penalty which before it got through with the appeal/contesting/adjudication the person I was dealing with retired, and the division of the agency closed now sending all penalties directly to Treasury. Soooo Treasury’s Bureau Of Fiscal Service is the taxpayers collection agency and they are tough. Sent me a notice of intent to garnish me (they can only take 15% after tax) and hit EQ and TU with a 40K collection! One of the listings said the account start date was 01/01/0001 that’s 1000 years before the crusades. So my credit repair person immediately verify challenges them. They have now come back twice updated with more info and amounts claimed, My insurance will cover part of it and I have a attorney doing the adjudication challenge with Treasury but the process is slow, maybe a year. So even though the debt is not being avoided by me, and hasn’t been confirmed, they are jamming me up on the bureaus. Im trying a third time verification with EQ TU maybe the govt shutdown will help them miss the 60 day window. But I’m dead on those bureaus. I tried my CU but they pulled TU and that’s how I found out about the Treasury listing. HELP: I know my EX score is low from loading up my cards, won’t a consolidation loan get my score back up? EX has 5 inquires 3/18 11/17 11/17 11/17 10/17 I’ve gotten the typical mailing from BestEgg and was about to click the button but waited, wanting more info. Here on Pulls it looks like they only pull EX? I need to figure out how, if it’s possible for me to do this. In the mean time I need to get a car, a person I’ve been working with says the finance person has banks that only pull EX. I have a good job, 70K at it 8 months, went to school last year to get the job. years of credit history, only 3 lates from over two years ago. Qs: 1. Where how to get consolidation loan to put out card fires. 2. Apply for consolidation or car loan first? 3. If I can get more then I need on consolidation should I take it and use extra to pay down balance then it will show less then 100% on my report and now count as bad? 4. Is there any hope I can pull this off? 5. The BestEgg prequalified offer is good only till Jan 9 so time is ASAP crucial, I haven't clicked through on it yet so they haven't run me, and they are emailing me to continue. Thank you for any and all help!!!!!
  13. I'll keep this brief and to the point, but PLEASE FEEL FREE to ask for more details! I just purchased a home at the end of October, so I'd been holding off on any unnecessary activity until that was done. I currently have no credit cards, store or otherwise. What are some good card options with good approval odds? Currently sitting at 617 (TU) and 623(EQ). These are CK numbers. Thanks!!
  14. I wanted to provide an update as it’s been quite some time. Let’s just say that Creditboard changed my life. You can look at my profile to see were I was when I started. I was looking at mid 500 scores. I pulled up my credit report today and let’s just say that I’ve been able to successfully remove EVERY negative thing on my credit. As I write this, I have a 710 FICO score, no negative trade lines and 2 credit cards. 1 with First progress for $300 that I’ve kept because it’s my longest one (4 years) and a CHASE card with $20,000 limit that I don’t think I’ve used more than $1000 at a time. Let’s just say that when I started this journey, things were not looking good and next week my wife and I are about to close on a house! For those on this path, stay the course and keep your head up, the advice on here works
  15. Hanshi

    NFCU Annual Review etc.

    Hello I wanted some clarification on when NFCU does their Annual Reviews? Also I wanted to verify if you applied for a CLI after they pulled your report they wouldn't pull again? I have added some quality cards and refinances and the inquiries are moving higher than I would like. Thanks
  16. Hanshi

    Dispute Help Needed

    Hello I have a Collection Account on Transunion from Plaza Services and apparently they only report to TU. I have never recieved a dunning letter from them or any letters. I have lived in the same address 15 years. I sent Plaza Services a letter for proof etc with no word back and disputed with TU. TU came back as verified today with no other explanation etc. I could use help from here as I haven't had this happen before with a dispute. Thanks
  17. midlifeawakening

    Chase Sapphire Balance Chasing

    I'll try to keep the back story short. Basically I started a new business venture a couple years ago that didn't pan out like I planned and I increased my DTI and utilization significantly during this time in order to just keep up. About six months ago, I purchased another business (got out of the failing biz) and sold some assets to pay down debt and invest in this hopefully 🤞more successful venture. One of those cards was my Chase Sapphire preferred. Fast forward a month after a large payment towards the balance (not a full balance payoff but about 60%) they chopped my limit substantially!!! This was going to be my preferred personal card going forward for the rewards. I thought maybe I'll finally get to take a vacation some day and use points and this was one of the best cards out there and I already had it my portfolio. My question is, has anyone had any success or have any tips for getting the limit restore or at least increased? From researching CB it sounds like Chase is a real beast to deal with which is unfortunate. They were always really good to me in the past. Other info that might be helpful: I have both my personal and business checking with them I have a Chase Amazon Visa with a super low limit that has been at 0% utilization for at least couple years now My business card is an Amex Blue Business with a $18K limit and 0% utilization. Chase declined me for a business line of credit due to NO CREDIT (for the business that is) and told me to reapply in 6 months My PenFed personal credit card is the only one with a high balance now and I'm working on that one little by little I did establish a pretty good relationship with a business rep at my local branch and I thought about going in to see if he could help (he's reversed some fees for me in the past on the business account) but I don't want to try that first without more research. Thanks in advance for the advice!
  18. Hello all, I filed bankruptcy last year and was discharged 7/20/17. Good news I guess - but my scores still suck, currently my TU and EQ scores are in the low 500s. My EX score was at 600 last time I checked. I have floated in and out of this forum and other websites looking on how to start the rebuilding process and just end up feeling overwhelmed. I aspire to have better credit, just don’t know where to start and feel kind of hopeless. I thought perhaps I should start a thread for advice and to even maybe motivate me. I have done some online disputes here and there but, haven’t been very diligent about the whole process. Also, online disputes seem to be a miss for me unless I am having addresses removed (EX excluded). Since the discharge, I have been approved for a few store cards which I don’t use...but that doesn’t help my score at all. So here is an overview of what’s left on my credit files: 1st off - I have two bk reporting on my reports. One was dismissed, which is from last year because my attorney had an issue getting the fee in on time (negligence on her end). The court had to open another case, which is the case that is discharged. 2nd - All of the accounts included in bk are reporting correctly except for DCU and a CapOne acct - I disputed and the CRAs said these accounts are valid! I should add that I did it online, which was probably a big no no. Can I redispute by mail along with my discharge papers? I should add that I burned CapOne, NFCU, Credit One, Chase, Penfed, and DCU. Not sure what options that leaves me with for the secured/bk friendly card route. Discover did approve me shortly after the discharge for a secured card but, I never gave the security deposit. I think I wasn’t really ready and didn’t want to get the card without knowing how to use it to benefit my scores. 3rd - I have some accounts that were not included in the bk that have lates, along with a student loan (Perkins loan being handled by ESCI )that has lates. These lates are a drag and I am trying to figure out how I can have them removed. I also have a paid charge off on my account. I tried consolidating the Perkins loan which is defaulted, the consolidation fell through. What else can I do? 4th - I have tons of inquiries on my reports, because I go on random app sprees hoping for a break that will never happen. Should I bother to have these removed? I am starting from scratch now and have ordered my TU and EQ report by mail today. Trying to also order EX, they said I need to mail information to them when I called the auto system. I suppose my overall issue and question is - How can I increase my scores when I have two bankruptcies reporting and a bunch of lates, plus one paid charge off? Do I need to wait until these things fall off before even working on my reports? My credit files suck and I am stuck, any help is appreciated. I wasn’t sure if I should put more detailed info on my accounts but, if I need to - I can (minus my personal info of course)
  19. Experian has a specialist on my account and will not remove old addresses. I just disputed some items to try to remove the attachments to one of the old address as a test. EX said online when I just checked: This Address was reported to Experian by XXXXxxx and 15 other companies (you can click on the link and get the names). Please contact the company to verify that they have your correct address. Once the new information is reported to Experian, you will be able to submit your dispute online. For further questions, you may contact us at 1-855-414-6048. I informed them that I am now going to also look at the record @LexisNexis.com to see if I could scare them (DID NOT WORK) and also said how can you verify a record that is not complete as per the Bankruptcy Courts and LexisNexis. I will keep writing letters and never give up of course but we will see. I was thinking that holidays time would be best for reps in the USA (mine at Experian would be in the mood to play nice or on holiday so I could find someone new.) I did get TU and EQ to remove all the address attached to bad credit after calling over the last 5 workdays with TU and EQ was Immediate (THIS was DONE BY PHONE). I am now sending the remove letters to TU and EQ that no longer have address attachments. HOW to get the Free credit reports for TU and EQ I get from my CreditKarma.com and pulling up credit report under the bar graph and clicking on the 2 different companies and again clicking on the credit report tab. This is a great tool for verifications of removes once you understand the format (this updates every 4 or 5 days so you have to wait for that). How to get a Free Credit report for Experian is by getting the free account and if you navigate around long enough you can find all of your credit report for verifications as needed. ( this updates quickly most of the time ) 855-414-6048 to dispute on the phone with Experian. Anyone want to call Sam directly at Experian and give him a busy day 469-675-5039 maybe he will quit!
  20. So I received a Myfico alert of a balance decrease change on EX. It was a Barclaycard change from $1.00 to zero and my fico score increased from 694 to 844. No other changes and the fico info indicates I still have a paid charge off. I find this unbelievable. I cancelled my account with Myfico and can view it up until 11/11. What could this increase be attributed to? Rebucketing or just a mistake? Or, could this be a teaser to continue paying for Myfico?
  21. Hello, So, I have two 30-day late payments on my Capital One Credit Cards (one on each card) from Nov 2017. Before I left on military orders on September of 2017 for training, I called them and told them I was being deployed and wanted to try and pay the annual fee a few months in advance, so I wouldn’t have any late payments since I wouldn’t have any contact with the outside world for literally 9 whole months. They said they don’t charge military members the annual fee, and they would waive it for me. After getting back on May of 2018, I pulled my credit report and saw I had 1 missed payment reported on each card. And I’m still confused to this day why. I thought it was probably just a mistake, and I was accidentally charged the annual fees. So I called them, and they said it was from some pending charges as well. I remember leaving with no balance though, and some of the charges don’t seem too familiar to me. Especially one place that I don’t think I’ve ever even been too. My memory is a little foggy though, since it was last year. Even to this day, and being with Capital One for years, I’ve never missed a payment. That is the only time to this day that’s happened. After calling several times, they said I could mail in a credit dispute with the description of the situation and how I’d like it resolved. I was going to mail in this letter (down below) along with my military orders, and the credit reports of the dates the late payments were reported. I’m hoping to be able to get this removed, as it’s affecting me of getting a better interest rate on a loan I’ve been shopping for. Any thoughts or suggestions? https://imgur.com/a/KemMr0r
  22. Hi, Just signed up recently after finding the boards through good ol' Google. I'll go find the introduction areas and do my profile style setup in a bit, but my original purpose for coming here is helping my roommate with some credit issues in her rebuilding process. The information I've read here has been immensely enlightening thus far, and I hope to continue to learn and help people with the knowledge. It inspires me to look into seeing about getting perhaps some CLIs for myself also. But I'll make a new topic when I go about that and read up on recommended ways. So for brief starters, her credit scores are (Per Credit Karma) a 427 on TU, and 454 on EQ. Main derogs are Dept of Ed/Navient with student loans, which she said at one point were reporting deferrals, but somewhere, only the last semester was deferring, the rest started reporting independently. I haven't found anything about those here or how they should be dealt with if there's a way at all? There are several medical issues on her reports as well, which I'm working with her currently to triage. Filed her opt-outs online on June 27th, 2017, so giving that a couple weeks to take before trying to get a lot of wrong and old addresses removed from the CRAs also. One of her reports (EXP) we had to mail off to receive as they couldn't identify her online. As said, we're at the point of waiting the couple weeks for the "Opt-Out" to take. I've bookmarked WhyChat's HIPPA section in case we have to resolve those that way. Some of the medical bills she thinks are legitimate and some she doesn't recognize at all. So any advice on paths to proceed after the unrecognized and illegitimate address removed, or in general is welcomed. Thank you all for such a wonderful forum, and in advance for any aid! Regards, Zan
  23. Slug71

    Wage garnishment question

    First, I want to apologize if this is not the correct location for this question. Mods please move this to the relevant location if posted in the wrong place. I believe it was Wednesday or Thursday that my girlfriend got a letter from United Finance stating that they are garnishing her wages. On Thursday or Friday, her HR lady told her that she had received the garnishment papers. My girlfriend went down to the court house on Friday, and was informed that she was served back in August. To both our knowledge, she was never served with anything. The money that they are after is a nine year old loan that does not appear on her online credit reports. She checks CK which it does not appear on, and she has checked her digital CR direct from one of the major CBs. I think it was TU, but it wasnt on there. About a month ago she app'ed for a car loan, and the report they pulled didn't have it. But the sales guy called United Finance to see if they would approve her, they declined and said "bad loan history". That was the first time in 9 years she had since heard of the loan. Right after she took the personal loan out, her roommate had stolen the money along with a US Bank credit card and spent it all. My girlfriend filed a police report and the roommate was arrested. She informed the police that she would like to press charges and was informed that everything would be handled by them. My girlfriend was never advised of nor informed of any further action since. Or at least what I am told. I told her she needs to speak to an attorney and request a copy of the signature from when she was supposedly served. They supposedly sent garnishment or judgment papers to her "previous employer in August, yet my girlfriend has been with the same employer for the past 20 months. She can borrow the money to pay it off and then deal with getting the money back. But I'm not sure if that's a good idea at this point? Sent from my SM-N950U using Tapatalk
  24. So I have a Credit One card and recently got a CLI bump on it so I'm up to $550, but after reading some posts here, I'm hearing that it looks bad to have it. I don't necessarily need it because I have a Cap 1 Platimun ($850), a Wells Fargo ($600 secured) &, a Discover IT ($500 secured). The Credit One is the youngest of all the cards, only a year old. I had another credit one card about a decade ago that charged off and a weird thing happened. After months of paying on time with this new card, the old account reports as closed, but with 2 years of all positive payment history. I'm grateful for that... don't know how it happened, but cool. So I got this new card just to boost my overall credit, but now I'm thinking that was a mistake(except for the change in reporting of the older account). I understand that when I close it, it will remain a "stain" on my account for 10 years. Is it that big of a deal, though? Can somebody give me some examples of how having it there can affect my credit... score, chances of approval for credit, credit limits... etc.? Will closing the account make much difference in the short term since it will still be a stain?
  25. creditmaze

    I'm Saving This- PRA

    Been spooked by PRA's permissable purpose to view my CR lately. Though the collection aged off my cr in 2017, I was worried they may re-age and reinsert it back on my CR. However, yesterday PRA sent me a letter and this is important what they said: "The law limits how long you can be sued for a debt. Because of the age of your debt, we will not sue you for it, and we will not report it to any credit reporting agency. Depending on the laws of your state, certain actions, such as making a payment or promising to pay the debt, may restart the time period for the filing of a lawsuit against you; but even if that were the case, we still will not sue you on this debt."

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