PotO Posted October 16, 2019 Share Posted October 16, 2019 I wish I could still find the one over there with the guy claiming to talk Sync into giving him $55k on the Wally Card a year or so ago. hegemony 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted October 16, 2019 Share Posted October 16, 2019 APPROVING BANK: PNC BUREAU PULLED: Experian CREDIT SCORE: Fico 8 679 SOFT PULL/HARD PULL: Hard CUSTOMER STATE OF RESIDENCE: MO NEW/USED: Used YEAR OF VEHICLE: 2018 MAKE: Tesla MODEL: Model 3 LR w/FSD MILEAGE: 25k FINANCE/LEASE: Finance PURCHASE PRICE: 43k AMOUNT OF LOAN: 41kTERM CONTRACTED: 72 months APR/LEASE RATE: 6.3% MONTHLY PAYMENT: 624ANNUAL INCOME: 120k Quote Link to comment Share on other sites More sharing options...
hegemony Posted October 16, 2019 Share Posted October 16, 2019 this one is just wacko... APPROVING BANK: Toyota Financial BUREAU PULLED: Experian CREDIT SCORE: 665 (30 points lower than my FICO 😎 SOFT PULL/HARD PULL: Hard CUSTOMER STATE OF RESIDENCE: MO NEW/USED: New YEAR OF VEHICLE: 2019 MAKE: Lexus MODEL: LC 500 MILEAGE: 9 FINANCE/LEASE: LeasePURCHASE PRICE: 101kAMOUNT OF LOAN: 83k (negative equity from 2 trades) TERM CONTRACTED: 48 months APR/LEASE RATE: Don't remember MFMONTHLY PAYMENT: 1737ANNUAL INCOME: 140k MISCELLANEOUS COMMENTARY: Traded in two vehicles. Toyota Financial auto approval, no stips. 106k MSRP. Allkindabroke, PotO and MarvBear 2 1 Quote Link to comment Share on other sites More sharing options...
bigpoppa09 Posted October 16, 2019 Author Share Posted October 16, 2019 (edited) 30 minutes ago, hegemony said: this one is just wacko... APPROVING BANK: Toyota Financial BUREAU PULLED: Experian CREDIT SCORE: 665 (30 points lower than my FICO 😎 SOFT PULL/HARD PULL: Hard CUSTOMER STATE OF RESIDENCE: MO NEW/USED: New YEAR OF VEHICLE: 2019 MAKE: Lexus MODEL: LC 500 MILEAGE: 9 FINANCE/LEASE: LeasePURCHASE PRICE: 101kAMOUNT OF LOAN: 83k (negative equity from 2 trades) TERM CONTRACTED: 48 months APR/LEASE RATE: Don't remember MFMONTHLY PAYMENT: 1737ANNUAL INCOME: 140k MISCELLANEOUS COMMENTARY: Traded in two vehicles. Toyota Financial auto approval, no stips. 106k MSRP. What a idiot. $83,376 down the drain over the term. Edited October 16, 2019 by bigpoppa09 Quote Link to comment Share on other sites More sharing options...
DPB Posted October 16, 2019 Share Posted October 16, 2019 WTF? If he had negative equity on two trade-ins, how is the loan less than the purchase price? And he only got $5k off of a $106k vehicle? Some salesman has a really nice check coming. Also, approved for an $83k loan/lease with that score, the rate has to be terrible. Probably why he “[doesn’t] remember MF.” centex and hegemony 2 Quote Link to comment Share on other sites More sharing options...
hdporter Posted October 16, 2019 Share Posted October 16, 2019 (edited) Allocating 15% of gross to the lux car payment ... did the loan include funds for a trailer mounted port-o-potty? If so, the payment, along with the lease on a spot in a trailer park, is well within the income guideline for a housing payment (getting a tax deduction on the interest might be axxxx, however). Edited October 16, 2019 by MarvBear hegemony, pacemaker67, PotO and 1 other 3 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted October 16, 2019 Share Posted October 16, 2019 frankly I thought "Don't remember MF" was an instant classic pacemaker67 1 Quote Link to comment Share on other sites More sharing options...
pacemaker67 Posted October 16, 2019 Share Posted October 16, 2019 1 hour ago, hdporter said: Allocating 15% of gross to the lux car payment ... did the loan include funds for a trailer mounted port-o-potty? If so, the payment, along with the lease on a spot in a trailer park, is well within the income guideline for a housing payment (getting a tax deduction on the interest might be a bitch, however). He will need a hitch but most of these fools will need a trailer at some point. Quote Link to comment Share on other sites More sharing options...
PotO Posted October 17, 2019 Share Posted October 17, 2019 10 hours ago, hegemony said: this one is just wacko... APPROVING BANK: Toyota Financial BUREAU PULLED: Experian CREDIT SCORE: 665 (30 points lower than my FICO 😎 SOFT PULL/HARD PULL: Hard CUSTOMER STATE OF RESIDENCE: MO NEW/USED: New YEAR OF VEHICLE: 2019 MAKE: Lexus MODEL: LC 500 MILEAGE: 9 FINANCE/LEASE: LeasePURCHASE PRICE: 101kAMOUNT OF LOAN: 83k (negative equity from 2 trades) TERM CONTRACTED: 48 months APR/LEASE RATE: Don't remember MFMONTHLY PAYMENT: 1737ANNUAL INCOME: 140k MISCELLANEOUS COMMENTARY: Traded in two vehicles. Toyota Financial auto approval, no stips. 106k MSRP. With this guy's obvious IQ, I'm wondering if he is even smart enough to be on the roads in any motorized vehicle. He should stick to bicycles. And no 10-speeds. hegemony 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted October 23, 2019 Share Posted October 23, 2019 made me giggle Quote As a car guy (previously owned Porsche 911.2, BMW X5, Audi A6, LR Range Rover & Mercedes). And just leased a Aston Martin DB11... Quote Link to comment Share on other sites More sharing options...
RehabbingANDBlabbing Posted October 23, 2019 Share Posted October 23, 2019 LOL MyFako removed one of my posts the other day. They couldn't handle the truth about how the bureaus really treat inquiry disputes. I was just informing the people there that unless you dispute an inquiry as unauthorized and potentially fraudulent, then your inquiry disputes are going straight into the circular file. I also shared my recent experience with Equifax, where I have been disputing a fraudulent inquiry for months and they refuse to remove it. I even have a letter from Wells Fargo (who pulled my report) agreeing to remove it, and Equifax still won't delete it. So how are regular, legitimate disputes treated? They are treated to the circular file. greenpotatochips and wingwalker 2 Quote Link to comment Share on other sites More sharing options...
DPB Posted October 23, 2019 Share Posted October 23, 2019 (edited) 44 minutes ago, RehabbingANDBlabbing said: LOL MyFako removed one of my posts the other day. They couldn't handle the truth about how the bureaus really treat inquiry disputes. I was just informing the people there that unless you dispute an inquiry as unauthorized and potentially fraudulent, then your inquiry disputes are going straight into the circular file. I also shared my recent experience with Equifax, where I have been disputing a fraudulent inquiry for months and they refuse to remove it. I even have a letter from Wells Fargo (who pulled my report) agreeing to remove it, and Equifax still won't delete it. So how are regular, legitimate disputes treated? They are treated to the circular file. That’s because you’re not posting the correct information there. You need to let them know that 84 month car loans at 9% are good. Lower APR is better than PIF. All disputes are to be done online. And Discover is not subprime. Put that all in one post and you’ll be their new god. Edited October 23, 2019 by DPB RehabbingANDBlabbing, wingwalker, pacemaker67 and 3 others 6 Quote Link to comment Share on other sites More sharing options...
centex Posted October 23, 2019 Share Posted October 23, 2019 1 hour ago, RehabbingANDBlabbing said: LOL MyFako removed one of my posts the other day. They couldn't handle the truth about how the bureaus really treat inquiry disputes. I was just informing the people there that unless you dispute an inquiry as unauthorized and potentially fraudulent, then your inquiry disputes are going straight into the circular file. I also shared my recent experience with Equifax, where I have been disputing a fraudulent inquiry for months and they refuse to remove it. I even have a letter from Wells Fargo (who pulled my report) agreeing to remove it, and Equifax still won't delete it. So how are regular, legitimate disputes treated? They are treated to the circular file. Quote Link to comment Share on other sites More sharing options...
centex Posted October 23, 2019 Share Posted October 23, 2019 34 minutes ago, DPB said: That’s because you’re not posting the correct information there. You need to let them know that 84 month car loans at 9% are good. Lower APR is better than PIF. All disputes are to be done online. And Discover is not subprime. Put that all in one post and you’ll be their new god. I'm just waiting for them to start touting a 96-month loan with a double-digit rate...negative equity...sheeeeeeet! You ain't seen nuthin' yet RehabbingANDBlabbing 1 Quote Link to comment Share on other sites More sharing options...
pacemaker67 Posted October 23, 2019 Share Posted October 23, 2019 1 hour ago, DPB said: That’s because you’re not posting the correct information there. You need to let them know that 84 month car loans at 9% are good. Lower APR is better than PIF. All disputes are to be done online. And Discover is not subprime. Put that all in one post and you’ll be their new god. Perhaps add a little about buying $hit you don't need in order to get 2% cash back. TheVig 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted October 26, 2019 Share Posted October 26, 2019 APPROVING BANK: MAPS CREDIT UNION BUREAU PULLED: EXPERIAN CREDIT SCORE: 728 SOFT PULL/HARD PULL: HARD CUSTOMER STATE OF RESIDENCE: OREGON NEW/USED: USED/REFINANCE YEAR OF VEHICLE: 2017 MAKE: CHEVROLET MODEL: CAMARO MILEAGE: 30,000 REFINANCE LOAN AMOUNT: $21,088 ORIGINAL PURCHASE PRICE: $34,000 AMOUNT OF LOAN: $21,088 TERM CONTRACTED: 72 MONTHS APR/LEASE RATE: 3.75% MONTHLY PAYMENT: $330 ANNUAL INCOME: $56,000 DEBT TO INCOME RATIO: 58%/37% (JOINT MORTGAGE/ONLY INCLUDING MY HALF) MISCELLANEOUS COMMENTARY: I have a joint mortgage with my brother, but even though I only pay 50% they calculate my DTI using the full payment. Took some negotians and additional documentation, but I convinced them to use the 37% DTI figure (which is the reality). I have banked with them for almost 10 years and my brother and I have a joint account there, so I told him that I have 10 months of bank statements showing transfers of 50% of the payment from our individual accounts to the joint account and the full payment going out to the mortgage company to prove that I truly do just pay 50%. Super stoked about this as the next best rate that I received was from NFCU for 5.29%! I'm supposed to sign on this either today or Monday depending on when UPS delivers the copy of my title! not the worse posted over there but seems like a terrible idea to finance 6 years on a 3 year old POS chevy. RehabbingANDBlabbing and PotO 2 Quote Link to comment Share on other sites More sharing options...
PotO Posted October 27, 2019 Share Posted October 27, 2019 4 hours ago, hegemony said: APPROVING BANK: MAPS CREDIT UNION BUREAU PULLED: EXPERIAN CREDIT SCORE: 728 SOFT PULL/HARD PULL: HARD CUSTOMER STATE OF RESIDENCE: OREGON NEW/USED: USED/REFINANCE YEAR OF VEHICLE: 2017 MAKE: CHEVROLET MODEL: CAMARO MILEAGE: 30,000 REFINANCE LOAN AMOUNT: $21,088 ORIGINAL PURCHASE PRICE: $34,000 AMOUNT OF LOAN: $21,088 TERM CONTRACTED: 72 MONTHS APR/LEASE RATE: 3.75% MONTHLY PAYMENT: $330 ANNUAL INCOME: $56,000 DEBT TO INCOME RATIO: 58%/37% (JOINT MORTGAGE/ONLY INCLUDING MY HALF) MISCELLANEOUS COMMENTARY: I have a joint mortgage with my brother, but even though I only pay 50% they calculate my DTI using the full payment. Took some negotians and additional documentation, but I convinced them to use the 37% DTI figure (which is the reality). I have banked with them for almost 10 years and my brother and I have a joint account there, so I told him that I have 10 months of bank statements showing transfers of 50% of the payment from our individual accounts to the joint account and the full payment going out to the mortgage company to prove that I truly do just pay 50%. Super stoked about this as the next best rate that I received was from NFCU for 5.29%! I'm supposed to sign on this either today or Monday depending on when UPS delivers the copy of my title! not the worse posted over there but seems like a terrible idea to finance 6 years on a 3 year old POS chevy. This TBTPM is an accident waiting for a place to happen. Around 18% plus of his net annual cash inflow is going to pay for transportation or 9 years. Even if -- and it's a BIG if -- the car were a babe magnet, he can't afford to bring them to a hotel. He'd have to bring them home and let his brother have sloppy seconds. Oh, wait a second ... it's *Oregon* -- that's where they invented throuples and cuadrouples. centex 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted October 28, 2019 Share Posted October 28, 2019 Buying 50+ Houses in a Year with Credit Cards PotO 1 Quote Link to comment Share on other sites More sharing options...
PotO Posted October 29, 2019 Share Posted October 29, 2019 (edited) 1 hour ago, hegemony said: Buying 50+ Houses in a Year with Credit Cards The guy's an accident waiting for a place to happen. We will see him here in the BK Forum sooner or later. Edited October 29, 2019 by PotO centex 1 Quote Link to comment Share on other sites More sharing options...
DPB Posted October 29, 2019 Share Posted October 29, 2019 4 hours ago, hegemony said: Buying 50+ Houses in a Year with Credit Cards I’d say 80% of this guy’s story is BS. And good luck finding a title company that takes a card. Even if he found one, they’d charge whatever their cost is in swipe fees, negating any point value/cash back. Rehabbing using a card for points is doable. I build houses for a living and I use an AMEX for materials whenever possible as long as it doesn’t increase the purchase price. But my guess is PotO is spot on about this guy filing BK in the future. centex, hegemony and PotO 3 Quote Link to comment Share on other sites More sharing options...
hdporter Posted October 29, 2019 Share Posted October 29, 2019 11 hours ago, DPB said: I’d say 80% of this guy’s story is BS. And good luck finding a title company that takes a card. Even if he found one, they’d charge whatever their cost is in swipe fees, negating any point value/cash back. Have you never suffered insomnia, cycling through tv channels until you come across one of the "flipping houses for profit" infomercials? Financing your "flips" consists of taking your stack of 0% promo rate cards into the bank and serially drawing cash advances on each one. (This is related with manic glee by the presenter.) It's that easy! hegemony 1 Quote Link to comment Share on other sites More sharing options...
DPB Posted October 29, 2019 Share Posted October 29, 2019 15 minutes ago, hdporter said: Have you never suffered insomnia, cycling through tv channels until you come across one of the "flipping houses for profit" infomercials? Financing your "flips" consists of taking your stack of 0% promo rate cards into the bank and serially drawing cash advances on each one. (This is related with manic glee by the presenter.) It's that easy! I’ve not seen the tv commercials, but I have heard them on the radio. They are constantly promoting some sort of “flipping how-to” seminar. I’ve always assumed that the fee is ridiculous and attendees would learn nothing. But they do always say that you can do it “using someone else’s money.” I guess using 0% cards for cash advances would qualify. But one miscalculation and someone doing it this way is probably going to be considering BK. I used to flip houses. I decided to switch to building new because I was tired of competing for properties with people with desk jobs that saw someone on tv flip a house and now they think they can do it too. I’m glad it worked out that way since I’m much happier now and the new house market is less volatile here. I constantly have people asking me what they need to do to start flipping houses. My answer is always, “Do you have $500k in cash?” When they answer no I tell them to wait until they do. cv91915 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted October 29, 2019 Share Posted October 29, 2019 can someone explain this circle jerk to me? TIA https://ficoforums.myfico.com/t5/SmorgasBoard/Club-U/td-p/5779671 Quote Link to comment Share on other sites More sharing options...
cv91915 Posted October 29, 2019 Share Posted October 29, 2019 2 hours ago, hegemony said: can someone explain this circle jerk to me? TIA https://ficoforums.myfico.com/t5/SmorgasBoard/Club-U/td-p/5779671 I got nuthin' hegemony 1 Quote Link to comment Share on other sites More sharing options...
steelers1 Posted October 29, 2019 Share Posted October 29, 2019 3 hours ago, hegemony said: can someone explain this circle jerk to me? TIA https://ficoforums.myfico.com/t5/SmorgasBoard/Club-U/td-p/5779671 1 hour ago, cv91915 said: I got nuthin' C'mon guys its the same thing as a hard pull, but lots of them! 😀 hegemony 1 Quote Link to comment Share on other sites More sharing options...
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