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USAA: Shafted By Their Kindness


The last post in this topic was posted 1446 days ago. 

 

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In-laws needed a bit of cash so I borrowed $35k @ 10% for 60 months. They do this every year and always pay me back within several months. This time I had in mind K's "Personal Loan FICO Tweak" and paying attention saw that as the loan went below, IIRC, 40% my FICOs went up from 810ish to 835ish across the board. Not too shabby. Thank you, K!

 

Anyhow, this is month 4 and the loan was paid down to $250. My plan was to let that ride for a couple of years and pay about $10 per month. Except last week I got tired of seeing $250 so decided to push it down to a flat $100 and let that ride for a couple of years at a few $$ per month.

 

Now I see that the day after paying it down to $100 USAA zeroed out the loan and marked it PIF. Now I'm expecting 25 point drops on my FICOs. :swoon:

 

Screwed by kindness. Now that's a first.

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In-laws needed a bit of cash so I borrowed $35k @ 10% for 60 months. They do this every year and always pay me back within several months. This time I had in mind K's "Personal Loan FICO Tweak" and paying attention saw that as the loan went below, IIRC, 40% my FICOs went up from 810ish to 835ish across the board. Not too shabby. Thank you, K!

 

Anyhow, this is month 4 and the loan was paid down to $250. My plan was to let that ride for a couple of years and pay about $10 per month. Except last week I got tired of seeing $250 so decided to push it down to a flat $100 and let that ride for a couple of years at a few $$ per month.

 

Now I see that the day after paying it down to $100 USAA zeroed out the loan and marked it PIF. Now I'm expecting 25 point drops on my FICOs. :swoon:

 

Screwed by kindness. Now that's a first.

Send USAA a private message online and let them know you're not happy about the reporting. They did something similar to me, I messaged them, they called me, and they corrected the credit reporting. I was pretty upset about it and let them know that so ymmv.

 

 

Sent from my iPad using Tapatalk

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In-laws needed a bit of cash so I borrowed $35k @ 10% for 60 months. They do this every year and always pay me back within several months. This time I had in mind K's "Personal Loan FICO Tweak" and paying attention saw that as the loan went below, IIRC, 40% my FICOs went up from 810ish to 835ish across the board. Not too shabby. Thank you, K!

 

Anyhow, this is month 4 and the loan was paid down to $250. My plan was to let that ride for a couple of years and pay about $10 per month. Except last week I got tired of seeing $250 so decided to push it down to a flat $100 and let that ride for a couple of years at a few $$ per month.

 

Now I see that the day after paying it down to $100 USAA zeroed out the loan and marked it PIF. Now I'm expecting 25 point drops on my FICOs. :swoon:

 

Screwed by kindness. Now that's a first.

Send USAA a private message online and let them know you're not happy about the reporting. They did something similar to me, I messaged them, they called me, and they corrected the credit reporting. I was pretty upset about it and let them know that so ymmv.

 

 

Sent from my iPad using Tapatalk

I called them and they said that as a courtesy and in appreciation of my loyalty they waived the remaining amount and marked the loan PIF. Oh, well, live and learn. Screwed by kindness.

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Wow. You have family that has the capacity and respect to pay you back? Lol.

Only on my wife's side. On my side (brothers & sisters, but excluding my parents) I wouldn't lend them a bottle of water if they were in the desert dying of thirst.

 

My wife's family is great. Heck, even my wife is great. I never tell her that, though, because then she'd be asking me to do crap like do dishes and help wash clothes. ;)

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Wow. You have family that has the capacity and respect to pay you back? Lol.

Only on my wife's side. On my side (brothers & sisters, but excluding my parents) I wouldn't lend them a bottle of water if they were in the desert dying of thirst.

 

My wife's family is great. Heck, even my wife is great. I never tell her that, though, because then she'd be asking me to do crap like do dishes and help wash clothes. ;)

 

 

Dont slip up and let her read this.. or find out at all.

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Wow. You have family that has the capacity and respect to pay you back? Lol.

 

Only on my wife's side. On my side (brothers & sisters, but excluding my parents) I wouldn't lend them a bottle of water if they were in the desert dying of thirst.

My wife's family is great. Heck, even my wife is great. I never tell her that, though, because then she'd be asking me to do crap like do dishes and help wash clothes. ;)

Dont slip up and let her read this.. or find out at all.

If she ever finds out life will be hell. :)

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