hegemony Posted March 15 Share Posted March 15 SMFH Quote merric bank now giving 300 increases with hard pull and no income questions. I have a merric bank credit card since 2012 which started out with 1750 credit limit which got increase to 3150 many years ago. This account never had increase feature. in the last year merric bank is now giving 300 increases whith out hard pulls and no income up dates. You can request increase every 90 days, I was able to get an increase from 3150 to 3450 back on dec 14, 202 and today called Merric bank and requested another increase request and was granted another 300 today with out any spend now my limit is 3750. This is a change for merric bank. TheVig 1 Quote Link to comment Share on other sites More sharing options...
hdporter Posted March 15 Share Posted March 15 small measures for small ... Quote Link to comment Share on other sites More sharing options...
TheVig Posted March 15 Share Posted March 15 15 minutes ago, hegemony said: SMFH Can’t even spell the banks name correctly. In the very early days of my rebuild, I had a card from Merrick Bank. I did not consider it a long term keeper card. This fook is 11 years into it. Jeffster and hegemony 2 Quote Link to comment Share on other sites More sharing options...
binaryhermit Posted March 17 Share Posted March 17 Quote I want to increase my bank balance at a couple institutions and am thinking of using cash advances from my existing credit cards to get the money. Is there a risk of hurting my chances at CLIs and new card applications at the credit card issuers by using cash advances - assuming I pay them off and act responsibly with them (balance transfer them out to a 0% card)? In the other members' defense they're telling OP that's a bad idea, to OP's detriment they don't seem to care hegemony 1 Quote Link to comment Share on other sites More sharing options...
binaryhermit Posted March 17 Share Posted March 17 On 3/15/2023 at 1:52 PM, TheVig said: Can’t even spell the banks name correctly. In the very early days of my rebuild, I had a card from Merrick Bank. I did not consider it a long term keeper card. This fook is 11 years into it. If it doesn't have an annual fee, which it probably does, there are worse things to do than keep something like that around Quote Link to comment Share on other sites More sharing options...
TheVig Posted March 17 Share Posted March 17 Ribs and a possible BT from one wholesale club to another Quote Link to comment Share on other sites More sharing options...
hegemony Posted March 17 Share Posted March 17 2 hours ago, TheVig said: Ribs and a possible BT from one wholesale club to another TBH I've applied for cards with less logic Quote Link to comment Share on other sites More sharing options...
hdporter Posted March 17 Share Posted March 17 2 hours ago, TheVig said: Ribs and a possible BT from one wholesale club to another OMFG. Anyone else get a feeling that if this guy took a wrong turn that took him to a funeral home, he''d come away with a casket and a private label credit card to boot? One can only wonder from where the balance on his Sam's Club credit card arose, given that he doesn't shop there. (Maybe it has a 19.74% rate as well and he whips it out for purchases because his other cards are at 27%+). In any case, now that he has been approved for a new card, why not transfer the balance from Sam's? It's only gonna cost him a 5% fee, and it'll get rid of the nuisance of worrying about timely payments on the Costco card in order to maintain his grace period on purchases ... Anybody up for some Gatorade?? (movie joke) Quote Link to comment Share on other sites More sharing options...
hegemony Posted March 21 Share Posted March 21 I don't get why someone with these reported parameters needs 6 years to pay off this loan... and at 15% APR?????? I wonder wtf is going on to produce that 611 score. APPROVING BANK: AMERICA FINANCIAL BUREAU PULLED: EQUIFAX CREDIT SCORE: 611 SOFT PULL/HARD PULL: HARD PULL CUSTOMER STATE OF RESIDENCE: CA NEW/USED: NEW YEAR OF VEHICLE: 2023 MAKE: BMW MODEL: X5 M50I MILEAGE: 23 FINANCE/LEASE: FINANCE PURCHASE PRICE: $124,929 AMOUNT OF LOAN: $45,049 TERM CONTRACTED: 72 MONS APR/LEASE RATE: 15.04% APR MONTHLY PAYMENT: $964.92 ANNUAL INCOME: $220,000 DEBT TO INCOME RATIO: 10% MISCELLANEOUS COMMENTARY: I work a consultant and make good money, JasonK94Z 1 Quote Link to comment Share on other sites More sharing options...
StantheMan Posted March 21 Share Posted March 21 The individual may work as a consultant but certainly not in money management. Paying 25k in interest on 45k is not wise but there are some who want the product so bad it doesn’t matter to those individuals. hegemony 1 Quote Link to comment Share on other sites More sharing options...
JasonK94Z Posted March 22 Share Posted March 22 I don't get why someone with these reported parameters needs 6 years to pay off this loan... and at 15% APR?????? I wonder wtf is going on to produce that 611 score. APPROVING BANK: AMERICA FINANCIAL BUREAU PULLED: EQUIFAX CREDIT SCORE: 611 SOFT PULL/HARD PULL: HARD PULL CUSTOMER STATE OF RESIDENCE: CA NEW/USED: NEW YEAR OF VEHICLE: 2023 MAKE: BMW MODEL: X5 M50I MILEAGE: 23 FINANCE/LEASE: FINANCE PURCHASE PRICE: $124,929 AMOUNT OF LOAN: $45,049 TERM CONTRACTED: 72 MONS APR/LEASE RATE: 15.04% APR MONTHLY PAYMENT: $964.92 ANNUAL INCOME: $220,000 DEBT TO INCOME RATIO: 10% MISCELLANEOUS COMMENTARY: I work a consultant and make good money,LOL. I just came here to post this. Holy crap that interest rate! I so want to reply with something sarcastic but they’d probably throw me out. In myfako tradition, ConGRaTuLaTIons! Sent from my iPhone using Tapatalk hegemony 1 Quote Link to comment Share on other sites More sharing options...
binaryhermit Posted March 22 Share Posted March 22 17 hours ago, StantheMan said: The individual may work as a consultant but certainly not in money management. Paying 25k in interest on 45k is not wise but there are some who want the product so bad it doesn’t matter to those individuals. I mean, if the genius financed $45k of a car that cost about $125k I assume they had an $80k down payment. How much of a car could you get for $80k out the door? hegemony 1 Quote Link to comment Share on other sites More sharing options...
Admin MarvBear Posted March 22 Admin Share Posted March 22 2 minutes ago, binaryhermit said: I mean, if the genius financed $45k of a car that cost about $125k I assume they had an $80k down payment. How much of a car could you get for $80k out the door? a bigun! TheVig and hegemony 2 Quote Link to comment Share on other sites More sharing options...
TheVig Posted March 22 Share Posted March 22 16 hours ago, JasonK94Z said: LOL. I just came here to post this. Holy crap that interest rate! I so want to reply with something sarcastic but they’d probably throw me out. In myfako tradition, ConGRaTuLaTIons! Sent from my iPhone using Tapatalk I would reply, but I just got off a 30 day ban over there. hegemony and MarvBear 2 Quote Link to comment Share on other sites More sharing options...
JasonK94Z Posted March 22 Share Posted March 22 I mean, if the genius financed $45k of a car that cost about $125k I assume they had an $80k down payment. How much of a car could you get for $80k out the door?A nice Toyota Camry and a lot of cash left in savings. Sent from my iPhone using Tapatalk hegemony and RehabbingANDBlabbing 2 Quote Link to comment Share on other sites More sharing options...
hegemony Posted March 25 Share Posted March 25 On 3/21/2023 at 3:48 PM, hegemony said: I don't get why someone with these reported parameters needs 6 years to pay off this loan... and at 15% APR?????? I wonder wtf is going on to produce that 611 score. APPROVING BANK: AMERICA FINANCIAL BUREAU PULLED: EQUIFAX CREDIT SCORE: 611 SOFT PULL/HARD PULL: HARD PULL CUSTOMER STATE OF RESIDENCE: CA NEW/USED: NEW YEAR OF VEHICLE: 2023 MAKE: BMW MODEL: X5 M50I MILEAGE: 23 FINANCE/LEASE: FINANCE PURCHASE PRICE: $124,929 AMOUNT OF LOAN: $45,049 TERM CONTRACTED: 72 MONS APR/LEASE RATE: 15.04% APR MONTHLY PAYMENT: $964.92 ANNUAL INCOME: $220,000 DEBT TO INCOME RATIO: 10% MISCELLANEOUS COMMENTARY: I work a consultant and make good money, it gets better!!! claims to have put 75k... attentive poster then asks: Quote Curious how you recently filed chapter 7 and yet you have $75k? Quote Link to comment Share on other sites More sharing options...
JasonK94Z Posted March 26 Share Posted March 26 That was me who asked. If that person had $75k liquid to put down so soon after a chap7 , I’m screaming fraud! Sent from my iPhone using Tapatalk MarvBear and hegemony 1 1 Quote Link to comment Share on other sites More sharing options...
hdporter Posted March 26 Share Posted March 26 C'mon now, no-brainer that it was credit from a 2022 trade-in ... Bev and I are such non-aspirational low-lifes, by comparison. She still gets a thrill out of her 2011 BMW 328i cv without any new model envy ... hell, I still marvel every time she puts the hard top down and it neatly folds up into the trunk!! StantheMan 1 Quote Link to comment Share on other sites More sharing options...
TheVig Posted March 26 Share Posted March 26 While I can appreciate credit without a "personal guarantee", I can't however appreciate a particle board / saw dust credit line. https://ficoforums.myfico.com/t5/Business-Credit/Wayfair-Business-Revolving-Card-No-PG/td-p/6659755 MarvBear, hegemony and RehabbingANDBlabbing 1 2 Quote Link to comment Share on other sites More sharing options...
RehabbingANDBlabbing Posted March 30 Share Posted March 30 On 3/26/2023 at 2:47 PM, TheVig said: While I can appreciate credit without a "personal guarantee", I can't however appreciate a particle board / saw dust credit line. https://ficoforums.myfico.com/t5/Business-Credit/Wayfair-Business-Revolving-Card-No-PG/td-p/6659755 That's funny/ I bought some furniture recently after moving into a house and I'll tell you something I found interesting. Rooms To Go is selling really nice furniture that is made well and they are somehow cheaper than Ikea and a lot of other places I have been looking. Do not ask me how this makes sense from a business perspective. For example, I bought a beautiful dining room table for about $500 at Rooms To Go recently and a comparable table at Ikea was $900. I also bought a couch at Rooms To Go for about $700 about a year ago as well and they were also the cheaper option compared to most other places. MarvBear 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted April 9 Share Posted April 9 takes out subprime loan then freaks out that subprime loan is from a subprime company... Quote New SANTANDER Loan... My wife and I buy new cars every 3-4 years. It was time to replace her 2019 Explorer Sport, so we found a 2023 ST for 62k that we liked. They offered us $32k for ours and we jumped on it. All of our last 4 vehicles have been through Ford Credit at 0% interest, but this time they said Ford wouldn't accept us. Our scores are between 640 and 670. They set us up with a Santander loan at 8% interest. We pay off our loans in 3 years, so the interest rate didn't bother me too much. After searching online I saw horror stories about this company and I was freaking out a little bit. My first thought was that these were all people that paid late or waited until the last minute to pay, but some sound like the company is downright crooked. How worried should I be? MarvBear and RehabbingANDBlabbing 1 1 Quote Link to comment Share on other sites More sharing options...
binaryhermit Posted April 9 Share Posted April 9 (edited) To be fair, I suspect that almost all credit card companies have all sorts of horror stories online, justified or otherwise. I was just looking at reviews of Ollo, on one site, like half are 5* and the other are 1* with almost nothing inbetween, and a vast majority of them are stuff that boils down to the user not knowing how things work in general. Granted, a lot of those are for accounts getting shut down for 6 months of inactivity, which is vaguely harsh, but I can see the bank's point, they're lending to people largely with a history of screwing banks over, they're not making money off the, say, potential exposure to getting screwed out of the entire credit line or even more. ETA: I'd also argue that people who leave reviews tend to have disproportionally strong views compared to the general public, and it's more likely for such a person to be unhappy than happy. Edited April 9 by binaryhermit hegemony 1 Quote Link to comment Share on other sites More sharing options...
RehabbingANDBlabbing Posted April 10 Share Posted April 10 17 hours ago, hegemony said: takes out subprime loan then freaks out that subprime loan is from a subprime company... Good lord. The wife’s 2019 Explorer just isn’t good enough anymore. So they have to replace it; during a time of high car prices and high interest rates. Their credit is decidedly subprime too; which means they have made other financial mistakes. This really shows you how little thought people are putting into these major purchases. Really? A 2019 isn’t good enough? If it’s running and you paid for it, I don’t see the problem. Ride that biatch until the wheels fall off. 8ball, hegemony, MarvBear and 2 others 1 4 Quote Link to comment Share on other sites More sharing options...
hegemony Posted April 13 Share Posted April 13 Quote I am seeking opinions on which 3 CCs you'd keep if you were icing 🧊 all but 3. Here is my list (I'd like to activity use three, but I want the most beneficial) Not looking to add anymore so this list is it. Not closing any, and department CC's are of course not even a factor, they are socked until eternity 😅 THANKS!! [ ] NCSECU $13.5K [ ] BRAGG MUTUAL CU $10K [ ] DISCOVER IT CASH BACK 11.5K [ ] VENMO VISA $7.5K [ ] PENFED POWER CB VISA $3.5K [ ] AMEX HILTON HONORS $2K [ ] LOWES $11K [ ] Ft Bragg CU 8K [ ] Apple Pay CC $3K [ ] Best Buy Visa $2.5K [ ] BED BATH BEYOND $2K [ ] CAP1 SAVOR $1K [ ] AMAZON CREDIT $800 [ ] CITI CUSTOM CASH $500 [ ] KOHLS $1K [ ] Truist $4.5k Quote Link to comment Share on other sites More sharing options...
binaryhermit Posted April 13 Share Posted April 13 If I may ask, what exactly is so *Admin prohibits insults that reference an individual's intelligence.* about that post? Quote Link to comment Share on other sites More sharing options...
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