Credit Scores are like Las Vegas Casinos

[PotO]

5 minutes ago, Knight said:

 

Hey what do you think about getting an express store card? I can get $5 gift card on every $62 I spend. Not bad. 

 

Sounds good, but I have never heard of the Express Store.  

[hdporter]

1 hour ago, Knight said:

Apple reported a $0 balance way earlier than expected and that on its own dropped my score by 70 points. 🤷‍♂️

 

Please don't do this and then turn around and offer a different explanation.  It's very poor style and doesn't help your credibility.

[Knight]

1 hour ago, Knight said:

Apple reported a $0 balance way earlier than expected and that on its own dropped my score by 70 points. 🤷‍♂️

@hdporter My bad. The info in bold is what I was trying to convey. I included the information about the $0 balance because I knew some members were going to think the card is reporting a high utilization rate. Sorry

[Knight]

The other thing is: over the past few weeks, I have been talking to few members here and they knew I just opened up few new TLs, including the Apple CC. So I mistakingly assumed everyone knew what I was talking about.

[Knight]

46 minutes ago, PotO said:

 

Sounds good, but I have never heard of the Express Store.  

 

Yea it's a trendy British-owned company. I love their Polos and graphic T-shirts. 

[PotO]

3 minutes ago, Knight said:

 

Yea it's a trendy British-owned company. I love their Polos and graphic T-shirts. 

 

Their credit card is underwritten by Comenity.  

 

Some here say that Comenity is Satan reincarnated.  I only have one Comenity card, the Caesars Rewards Visa, and they have been very good and reliable to me.

 

In my book, there is no bigger POS on this planet than Stinkrony.  

[Knight]

36 minutes ago, PotO said:

 

Their credit card is underwritten by Comenity.  

 

Some here say that Comenity is Satan reincarnated.  I only have one Comenity card, the Caesars Rewards Visa, and they have been very good and reliable to me.

 

In my book, there is no bigger POS on this planet than Stinkrony.  

 

Believe it or not, I had an express card before. Defaulted in 2016 at the start of my "Great Depression". They sent it to JHP, which was reporting for awhile by itself. Comenity removed the original TL in 2016. Sometimes in 2020, JHP also disappeared. I never wrote them a letter or complained or anything. As far as I am concerned, they're very nice people. 😂

[PotO]

2 hours ago, Knight said:

 

Believe it or not, I had an express card before. Defaulted in 2016 at the start of my "Great Depression". They sent it to JHP, which was reporting for awhile by itself. Comenity removed the original TL in 2016. Sometimes in 2020, JHP also disappeared. I never wrote them a letter or complained or anything. As far as I am concerned, they're very nice people. 😂

 

They may still have those memories in their internal files and hold them against you.

[Knight]

On 8/17/2022 at 12:44 AM, PotO said:

 

They may still have those memories in their internal files and hold them against you.

Guess what Bro, I think I jinx myself. A CA just picked up the account anew and is reporting. Time for War. Wohoo! 

[Knight]

This definitely spells out the end of phase 1 of credit applications. Now onto phase 2. Letting all accounts dry and age like a nice Texan Tomahawk Ribeye steak. 

[PotO]

7 hours ago, Knight said:

Guess what Bro, I think I jinx myself. A CA just picked up the account anew and is reporting. Time for War. Wohoo! 

 

Has the credit reporting time period passed?  If so, sue the turds!  Get an easy $2,500 out of them.

[Knight]

3 hours ago, PotO said:

 

Has the credit reporting time period passed?  If so, sue the turds!  Get an easy $2,500 out of them.

Yes. Also they did not send a dunning letter. This is a JDB BTW.

[PotO]

3 minutes ago, Knight said:

Yes. Also they did not send a dunning letter. This is a JDB BTW.

 

Looks like you have a FDCPA and a FCRA violation.  I forget what statutory damages are, but you might have an easy $5k.

 

Only one slight problem, though, is that the jury is still out on whether JDB's fall under the FDCPA.  OC's do not and CAs definitely do.  I don't think there has been any definitive verdict on JDBs.  JDBs do, though, "voluntarily" comply, probably because they don't want the issue to reach the courts.  

 

If you are in California, however, their version of the FDCPA, the Rosenthal Fair Debt Collection Practices Act, definitely does cover OCs, CAs and JDBs.  

[Knight]

14 hours ago, PotO said:

 

Looks like you have a FDCPA and a FCRA violation.  I forget what statutory damages are, but you might have an easy $5k.

 

Only one slight problem, though, is that the jury is still out on whether JDB's fall under the FDCPA.  OC's do not and CAs definitely do.  I don't think there has been any definitive verdict on JDBs.  JDBs do, though, "voluntarily" comply, probably because they don't want the issue to reach the courts.  

 

If you are in California, however, their version of the FDCPA, the Rosenthal Fair Debt Collection Practices Act, definitely does cover OCs, CAs and JDBs.  

 

Oct 2026 was the first delinquency on the OC account. So I guess they are still within the 7 years rule.

 

Although they are known as JDB, they are collecting as a CA on this account. BTW how do people make the distinction between both? I will post a screenshot of the acct in the next message.

[Knight]

[PotO]

3 hours ago, Knight said:

 

I do not see any DOFD.  To me it looks like they are a CA.  What is the amount they say is owed?

 

4 hours ago, Knight said:

 

Oct 2026 was the first delinquency on the OC account. So I guess they are still within the 7 years rule.

 

Although they are known as JDB, they are collecting as a CA on this account. BTW how do people make the distinction between both? I will post a screenshot of the acct in the next message.

 

DOFD 2026?  Must be a typo.  Did you mean 2016?  If 2016, they still have a year and a couple of months left.  

 

How much is owed on the account?  If minimal, I'd negotiate a prompt PFD.  

 

If paying is not an option, maybe there is a way to attack the tradeline with the CRA.  Others an advise on that as that's something I know very, very little about.

[Knight]

7 hours ago, PotO said:

 

I do not see any DOFD.  To me it looks like they are a CA.  What is the amount they say is owed?

 

 

DOFD 2026?  Must be a typo.  Did you mean 2016?  If 2016, they still have a year and a couple of months left.  

 

How much is owed on the account?  If minimal, I'd negotiate a prompt PFD.  

 

If paying is not an option, maybe there is a way to attack the tradeline with the CRA.  Others an advise on that as that's something I know very, very little about.

Indeed typo. it was  Oct 2015. So 2 more months. The are asking for 1,300 up from an original 1000 debt.

 

It appears they have violate "Regulation F"  by not sending a dunning letter or making initial contact though? 

[PotO]

8 minutes ago, Knight said:

Indeed typo. it was  Oct 2015. So 2 more months. The are asking for 1,300 up from an original 1000 debt.

 

It appears they have violate "Regulation F"  by not sending a dunning letter or making initial contact though? 

 

I would dispute it with all the CRAs.  With only two months to go, they would all deleted it as obsolete even though a month or two early.

 

Then I would directly tell the CA / JDB to SMD and to FOAD.  They are prohibited from future contact after that.  If they threaten legal action, good.  The SOL has surely run and threatening an action they are not legally allowed to take will get you $2,500.

 

I do not know anything about Reg. F.  Perhaps you are correct.

[centex]

That is so thin as to piss off the anorexic.  This is ALSO why we always suggest doing nothing from an online report and to rely only upon PAPER reports.