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Found 75 results

  1. So when i was a teenager i went to open a bank account with my father at BOA (highly regretted it ever since) with a security deposit of $500. I had a bad payment status for 30-59 days and the account was closed by the credit grantor but only after i payed off the balance (they allowed me to pay off the balance by saying i had to make payment to use the card again and after i did they said i had to call a service representative) . I should have been more responsible on checking my balance since it was below $500 and thinking back now i was told that even though i payed off the due amount i would not be getting my deposit back, so me being a irresponsible teenager i just wanted to hide this fact from my parents. Moneys tight right now for my family so i was wondering if there was anyway to recover this $500. Is there any steps i should take to gather information regarding this ie the credit card terms and service before i try to dispute the fact? Would i be able to remove this remark from my credit score? I know this is a long shot but any information would help. Its been 4 years since then and the account was open for around 7 months. The year was opened on july of 2016 and closed feb 2017. Has anyone else had any experience with something similar?
  2. Does accepting a settlement offer on a closed credit card account help or hurt you in the long run. Account closed with Best Buy in December and now receiving settlement offers from CRA. Should you go for it? What about requesting a pay for delete along with it?
  3. After years of steadily increasing credit scores across all three bureaus, I was hit with a surprise this past week when I went to review my weekly Credit Wise report (which, I believe, is supplied by Transunion). Notwithstanding 10+ years of on-time payments, a credit utilization of below 23%, and some rather aggressive payments toward my accounts in recent months, my trend toward the low/mid 700s was abruptly derailed with a 55 point drop. The only adverse indicators aren’t new, and include 4 inquiries (over 8 months+ old), and a 12 year average account age. Not a single missed or late payment. Any idea what gives? I’ll add that I have federalized student loan debt that is in administrative forbearance under the CARES Act. On my credit report for Transunion, there is no “current” report for the relevant months for those loans (they are blank—no 30/60, or otherwise overtly derogatory notation. Moreover, I was of the impression that this forbearance would not have adverse consequences on credit. Am I missing anything? I have used my annual free credit reports for all bureaus a few months ago. Is it worth buying one ad hoc from Experian or Equifax? I’m...flummoxed. Any thoughts would be greatly appreciated.
  4. I got some help previously about opening new accounts, but I was curious more about the impact and possible ramifications. I only have 1 credit card in my name, and it only reports on Experian and TransUnion. The rest are AU cards. I have 8 accounts on Experian and TransUnion and AAoA of about 21 years. My Equifax report is a bit thinner. I pulled CCT, and I'm at 777 EX, 782 TU, and 789 EQ. I have been thinking about about a PenFed credit card and an AMEX revolver. I also may be cosigning a small student loan. I'm not certain on this yet, but it's a possibility. I know that this will cause a score hit of some sort (drop in AA), but I'm not sure how severe. I was thinking about forgoing PenFed and just doing AMEX, but I can't make up my mind. Can anyone give me some insight? I would like to avoid permanently damaging my report in some way. I don't know if 2 cards in such a short time is too much. I appreciate any help.
  5. I have a chase freedom with a $2k credit limit and a I was approved for a chase Sapphire with a $15k credit limit. At the time after I was approved for the Sapphire my credit score went up 30 points I had $8k transferred from my sapphire to my freedom card to give me a $10 limit on the freedom and the Sapphire was at $7k.Then weeks later after the $8k limit transfer to the freedom my credit score dropped 30 points!!! I then called chase to to had the cards put back to there approved limits wich was freedom at $2k and Sapphire at $15.Why did it drop so much and will I my score go back up 30 points or what should I do to increase my score back up?
  6. Kiai

    Fico 9 NFCU

    Is that a legit score? Why is it so different from Fico 8?
  7. Hi, this is my first post here as I'm kind of stuck in a situation and need help. After moving out from my previous apartment in Indiana, I forgot to pay the electric bill (Duke Energy) for the final month which I did not realize until 4 days ago when I saw a collections record on my credit report. Now I did not receive any communication from the CA or OC regarding the debt until I saw the CR. I have not yet talked to either the CA or OC, but I’m more than willing to pay the whole debt amount ASAP, but would like to get the collections record removed from my CR. I’m a foreign national and do not know much about such processes, but I don’t want a near $100 debt stain my credit score for years to come. I have read some of the discussions in this forum on this topic, and understand that I should first talk to the OC and get the debt settled. What I'm not clear about is what steps I should undertake after that. I would highly appreciate if someone could guide me with this or share their personal experiences in such situations. Thanks for helping out!
  8. 110 million consumers could see their credit scores change under new FICO scoring "will start incorporating consumers’ debt levels into their scoring model."
  9. Hello everyone, I've been a member here for years and this site has helped me immensely!! This is the first time I have posted a question because I wasn't able to find an answer in the search. I am trying to refi my property but my credit scores are too low because of high balances on my credit cards. Score is 603 and all payments have been made on time and never missed (need to raise my credit score close to 700 for refi). Most of my cards are close to limit. I just received a personal loan of $44,000 to pay down my cc's but now I'm wondering which route to take: Do I pay off a few CC's or do I pay down the balances of multiple credit cards? I need to raise my credit score as quickly as possible and I'm not sure which way would help raise my credit scores the fastest? I'm trying to do this in the next week or two and do a rapid score at the end of the month. Thanks in advance for any advice! $14,000 Limit - Balance $13,549 $8,300 - Balance $8170 $1400 - Balance $1583 $15,190 - Balance $14,883 $16,700 - Balance $16,810 $6000 - Balance $9613 $7126 - Balance $6740 $5000 - Balance $5000 $32,000 - Balance $31,720
  10. I recently have been working on getting my credit score higher and also want to have $100k in available credit (maybe a dumb thing to do). In doing so I have gotten about 6 new credit cards in the past 6 months. All of them have zero balance, about $30000 in available credit, I recently noticed my equifax dropped 16 points. I assume this is from the inquiries and new accounts? avg account age is 2yrs 8 months. Should I close any of the new accounts to increase my credit age? Or just be patient and wait for the accounts to age and the inquiries to age. I am looking to buy a car next year, and maybe refinance my mortgage, and really want a 750+ score before I do so
  11. I get my credit score from Experian and they are constantly promoting Experian Boost to add points to your score. I don't like the idea sharing more information and I'm assuming that it'll only make a difference with lower scores? Is this true? My score is 835 now so I don't need a boost but I can't help being curious. Does anyone have a boost they can share?
  12. I have 5 credit cards, ranging from $1,000 to $10,000 in credit limits. I'm currently using 88% of my available limit (according to Credit Karma). I recently got a loan from a relative in the amount of $10,000 to get my score a little higher while I apply for a mortgage. My total credit card debt is just over $20,000. What should I pay first? Should I pay off the lower balance cards, or get the higher balance cards closer to the suggested 30% balance? Thanks!
  13. Hello, I am seeking some help on understanding the reason as to why I keep getting denied credit for my business. I’m wondering if maybe I. Filling out the application wrong or something. Here is some info on my business, and business credit. An established business over $75,000,000 a year in revenue D n B score is 89 Paydex Score 92 delinquency predictor percentile 90 financial stress 2 supplier evaluation risk rating low business risk overall highest past due $0 highest owing is $75,000 46 yrs trade experience $200,000 largest high credit an average of $33,236 credit Experian Scores is an A Transunion a B Equifax an A I still can not open an Amazon, Home Depot, Lowe’s, or Best Buy account. Does anyone know why that maybe? Any insite will be greatly appreciated. Thanks in advance.
  14. Does highest amount owed form a basis for higher starting limits or during CLI requests or is highest amount owed not relevant and/or only viewed manually? Random Examples: Card #1 CL $20000 Highest Balance Owed $18000 Current Balance 0 Card #2 CL $20000 Highest Balance Owed $10000 Current Balance 0 Card #3 CL $20000 Highest Balance Owed $1000 Current Balance 0 All things being equal, which one of the above highest balances owed, if any, helps with a higher CL? 👉🏻 Highest amount owed at least has a memory for those of us who PIF before the statement closes. Thanks.
  15. I have an account from Ocwen ( mortgage company )that have late payments from 3 years ago. the account is closed and paid in full but I have massive amount of late payments I been disputing this account for a year it finally The account was deleted from my Equifax report bringing that score up to 807. My fingers are crossed because my Experian have 3 more days to get deleted. But my TransUnion was updated as accurate leaving my score 709. My question is> If I dispute the TransUnion account again will Experian and Equifax update showing late payments again? I think this happened in the past but I not sure. Right now Im Exp. 800 Equifax 807 and Transuntion 709
  16. I currently have 2 active cards: CapitalOne Platinum ($1K due for CLI next month), and Ollo ($1.5K), both of which I acquired this year (got the Ollo in July). Before either of those I was searching for cards that I could get approved for to rebuild and Discover was one of the sites I searched. Each time I looked at their preselector, it returned one of their secured cards (which I didn't really want to do). At the time, my Experian FICO was in the low 600's. Well my score has improved bit by bit, and today I got a notice from Experian that it rose to 660 from 618 in July! Still not where I want to be, but a whole lot better than where I was! Anyway, I wasn't really looking for another card so soon, but decided to go to Discover just for the heck of it to see what it said. Lo and behold, I was preapproved for the Discover it Cash Back and the Discover it Chrome Card. Now, I'm wondering if I should go ahead and apply, or just hold tight for now. What do you guys think? EXTRA INFO... Both cards are paid in full right now, but the one of them hasn't reported yet, so EX is showing a 12% utilization. I recently paid off a Chase settlement which is showing on EX now. Not sure about TU and EQ. EX FICO: 660 TU FAKO: 688 EQ FAKO: 706
  17. 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!!!!!
  18. Through sites and my banks I can get EX (FICO 08), TU (FICO 08), and EQ (FICO 09). Is there any way to get free EQ (FICO 08)? Heck I will take any other free FICO scores.
  19. So i'm a loan officer and need to know which bureau gets pulled out of these lenders 1, Lending Club 2. SOFI 3. Prosper 4. Upgrade 5. Upstart 6. Marcus 7. Freedom Plus 8. Light stream Or where can I find these answers?
  20. Hello everyone, I'm new to the forum but was recommended to come here for advice. I'm currently a freshman in college and recently turned 19. I currently have two credit cards: Bank of America Cash Rewards (had for 12 months and $2500 limit) and Discover It Student Cash Back card (had for 3 months and $1250 limit). My current creditkarma score is 718 and I attached my credit factors from there. I'm always looking for ways to open more accounts and to improve my spending power and score. I never put anything on interest and don't plan to use a full balance on either of my cards every month at least while I'm in school. Balance transfer is also not a priority. I also have no student loans so in have no large balances to pay off. Rewards (whether cash back or points) are my biggest need in a new card, and low to zero annual fee as well since Im not spending a huge amount at the moment. I'm looking for a new credit card to apply for. Through my own research, I've found that Citi Double Cash card is a great for rewards for myself but it may be a little too far out of my reach (I applied for it about 6 months ago and they didn't even do a hard pull). I'd also like to start earning recognition by Amex and the BlueCash EveryDay card sounds quite good, especially the absence of an annual fee. But, of course, I'm not an expert and that's why I came here. Also I'm impatient and want to apply soon, but if waiting longer will be more beneficial in the long run, I can wait. My monthly spending during the school year is mostly comprised of food (evenly split between restaurants and fast food), spending on airfare and hotels, online shopping on amazon and Best Buy, and shopping at the local Walmart for groceries. I average about $300-$600 per month but it varies wildly. During the summer I actually work above minimum wage in Arizona so my cash flow will probably be about double. Also I expect to spend more on travel and food over the summer as well, with much less spent at Walmart and more spent at grocery stores. Since I'm still very new to this, I'm just looking for some advice. Should I wait longer before applying for a new card? Should I try for another student card? Are you bullish on Amex or should I try focusing on their travel and rewards benefits? Thank you for the help, Xenoz P.S. My only other dream from a credit card it for it to have contactless payment but I know this is very rare here in the states.
  21. This is a group participation project, since my profile is no longer representative. When my AAOA was only 8 years, I suffered a 12 point drop when no balances reported. Now that my AAOA is 10 years, it’s only 6 points. I’m looking for volunteers with Score Watch, or those with regular free access to real FICO scores. I’m interested in the relationship between AAOA, and the penalty for having no reported balances. Of course, starting FICO scores also have an effect, but I think we can see general trends across all profiles. So, in the interest of Science, please volunteer your profile for the inaugural CB FICO Experimentation Project P.S. If you’ve already done this on your own, please share your AAOA and results. TIA
  22. 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.
  23. Hello everyone, I am a student who recently moved to the States for a student exchange. I have lived in Europe all my life, but I am half American (I have dual citizenship of the US and the Netherlands). I have an American passport and a social security number. For a lot of things (like getting a checking account, credit card or even an apartment) I need to be able to confirm my social security number and/or obtain my current credit score. However, this seems impossible to do without entering a US address. I have tried websites like Credit Karma and Nerdwallet but all of them require the entry of a US address. I have never before lived in the US so I can't fill this in! Is there anyone out there with a similar situation, or at least with some advice on how to obtain my credit score? I can't be the only dual citizen who's never been a resident here! Thank you!
  24. Hi everyone, I am hoping to get some advice from the community here. I have an open CFPB complaint against HSBC. To give a gist, I have one of their credit cards with a hefty annual fee. After nearly a year of using the card, I did not enjoy its rewards and continuing with the card does not make any sense. I requested the bank for a product change and downgrade my card, but HSBC told me that this particular card is not eligible for a product change, and that I must close the card itself and simply apply for a new one. Since closing my card would affect my credit history, I requested HSBC to reconsider my request, but the bank still refused to downgrade the card saying that it was part of the TnC. When I disputed that such a condition for no-product-change was never mentioned in the TnC that I signed, the bank refused to entertain me any further. Following the above situation, I filed a complaint to CFPB. Interestingly, the next day I received a mail in my 'Promotions' folder from HSBC stating that an Arbitration clause is being added to my Terms & Conditions. I promptly went ahead and mailed them a rejection notice. Following this, HSBC has now responded to my CFPB complaint saying that, it needs another 60 days to look into my complaint. At this point, it looks to me that HSBC is simply trying to stall me, so that next month, I get charged the annual fee again (that's when the card completes 1 year). This essentially means that they are free to give whatever resolution they want. And if I close the card before that, the whole point of the CFPB complaint is defeated. Is it checkmate for me, or are there still any options left?
  25. Hello all, I am new here and hope I can get help understanding more about credit repair and scores. I am in the process of cleaning up my credit file in order to get a better credit score. I have collections accounts and charge off showing on my reports. I have a total of 5 collections showing on Exp, Tru, and 4 on Eq. I have send a pay for deletion offer and I am waiting for the response. I would like to know how many points I should expect to see increased if and once deleted. Right now i have a 610 Equ, 578 Trans, and 560 Exp. All 5 collections are 1 year or less old. The charged off account show 0 balances on Equ, but still show a balance on Truns, and Exp. Can i get some insight on how I can get my reports cleaned up. Trying to refinance my mortgage Thanks in advance

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