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Highest Reputation Content


#5470620 Inquiry points drop

Posted by hegemony on 08 May 2016 - 12:12 PM

also, recall that >5 inquires scores the same. 6 or 600.


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#5431142 what just happened chase freedom.

Posted by hegemony on 28 February 2016 - 12:12 AM

I do pay in fuil but I was wondering why such a high interest rating!

it is called risk-based pricing. a lot of factors go into it; not just a FICO score.


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#5414083 Public Service Announcement: Review your W4

Posted by hegemony on 30 January 2016 - 03:05 PM

Dear Friends,

 

It is that time of year; we're all gathering tax forms and statements getting ready to file. Some people rush to get their refund while other wait to mail returns on the last possible day to delay payments.

 

Now is a great time to review your 2016 federal tax withholding. It is especially important if you are someone who is getting a large refund. A large tax refund may indicate you are having too much withheld from your paycheck. In other words, you have less spending money each pay period. This mean less money to pay down debt, saving & invest, etc.

 

Getting a large tax refund is not a gift and you should not be excited. Rather, you should work to minimize your refund so that you have more regular control over your money.

 

You can use the IRS' 2016 withholding calculator to determine if you need to adjust: https://apps.irs.gov...ldingcalculator

 

If after reviewing the estimator, you can print a form to file with your employer to make the adjustment if you deem it in order.

 

Of course some folks get large returns because of various allowances, etc. But if you're someone getting a large refund because you are having too much withheld, you really should consider making an adjustment.

 

The old adage is a large refund is merely you giving the government an interest free loan. But there are other good reasons to try to avoid a large refund. A few of these reasons include:

 

1) use the extra take home to pay off debt throughout the year; saving you interest and helping any snowball plan you're engaged it;

 

2) use the extra take home to dollar-cost-average savings or investment though out the year;

 

3) minimize how much you might have stolen via tax return fraud. While the IRS has gotten better at helping consumers who have had their return filed by fraudsters, it is still a pain in the behind to deal with. In other words, having $50 at risk is better than having $500 at risk;

 

4) why give YOUR MONEY to the government instead of using it for yourself? Even if all you do is buy lottery tickets, steak, or a new weed wacker.

 

I should add, if you don't have enough withheld, and don't prepare to make 1040ES payments, there can deleterious consequences. Which means there is a good reason to also review your W4 to make sure you remain in-line with current law/regulations.

 

 

Love,

 

Hegemony


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#5378661 Creditor responded with this letter

Posted by fury1995 on 25 November 2015 - 08:17 AM

Credit repair is strategic step by step process.

 

You have started 6 threads, 4 regarding this 623 letter in particular.

 

The 5th and 6th thread pertains to medical debts where WhyChat is attempting to help.

 

In each thread, one or several people have attempted to help guide you... but instead of replying to questions or requests for information.. you start another thread.

 

You will get lost in the process of repairing your credit by continuing in this manner.

 

I suggest you start a primary thread and list your current credit status, what you have done so far and what your goals are and stick to that.


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#5354831 need to find someone who will give me a loan... bout to be homeless.

Posted by Konrad2012 on 10 October 2015 - 01:37 PM

http://www.woundedwarriorproject.org/

http://www.dav.org/veterans/

http://www.nolo.com/...d-veterans.html

http://www.disabilit...terans-benefits

http://nvf.org/

Semper Fi
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#5353789 Krisí Road to 760+

Posted by AnnMichele on 08 October 2015 - 05:28 PM

 

Discover is temperamental. Some may experience a large CLI, while others won't. I just asked for a CLI and got a huge increase of $500. Can you imagine how much that is helping with my overall available credit and utilization? Tons! Hopefully my next CLI will be a little more. We'll see.

 

Gotcha gotcha...I just want to be one of the people on the board that go for a CLI and get like 10k or 15k increase lol...in due time i guess lol

 

If you're able to get a CLI of that size in one shot I would be amazed!! hahaha. I mean I hope that it happens to someone one day, but I don't think discover is that generous. As time goes on though, and you continue building your profile and cleaning it, your CLs will increase. One day you'll look back and be amazed at what you've done. All in due time, my friend, all in due time. :)


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#5353456 Krisí Road to 760+

Posted by AnnMichele on 08 October 2015 - 08:20 AM

Discover is temperamental. Some may experience a large CLI, while others won't. I just asked for a CLI and got a huge increase of $500. Can you imagine how much that is helping with my overall available credit and utilization? Tons! Hopefully my next CLI will be a little more. We'll see.


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#5353376 Krisí Road to 760+

Posted by Tyra on 07 October 2015 - 10:19 PM

Discover does not usually give CLI until two or three months after opening.  Lately trying for a Discover CLI every 91 days has been working well for many. There is a thread about it.  

 

What is the interest rate on the Navy loan? You already have student loans so this extra loan isn't really going to do anything for your score. It might make Navy like you but they are easy anyway. You should app for a Navy credit card if you don't already have one.


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#5351294 Why are people obsessed with wanting a high limit?

Posted by cashnocredit on 03 October 2015 - 06:44 PM

 

 

Available credit is not debt.

Using someone else's money for free while getting rewards is brilliant!

This is true.

Though I wonder how the CC companies make money off we PIFers..

Sent from my SAMSUNG-SM-G850A using Tapatalk

 

 

They don't make money, except for swipe fees. If a large enough percentage of their customers PIF every month, then all rewards we enjoy would disappear or be very limited. Its all a marketing gimmick that most CC users fail at. Those of us that PIF every month are in the minority when compared to their overall customer base.

 

 

Amex's bread and butter are charge cards, not revolvers.  They get far more spend on the charge cards than revolvers and people that carry balances tend not to spend nearly as much. They also have higher swipe fees and this combines to produce nice revenue. Visa, MC, and Disco do revolvers. They get the bulk of the low spend, balance carrying customers.


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#5351249 How high will Lowes/Sync go?

Posted by mendelssohn on 03 October 2015 - 04:48 PM

I was just denied a CLI on my Lowe's card. It's at $35K and I asked for $50K.

I did get a CLI from $25K to $35K on my Walmart card though with the same call.
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#5351221 How high will Lowes/Sync go?

Posted by JeffeVerde on 03 October 2015 - 04:00 PM

 

Thanks. Had no idea about the stackable benefit :grin:

 

 

Also, if HomeDepot is more convenient than your nearest Lowes store -- HD  will give you a 5% discount if you flash your Lowes card.


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#5351214 Why are people obsessed with wanting a high limit?

Posted by TrevorHere on 03 October 2015 - 03:37 PM

 

 

Available credit is not debt.

Using someone else's money for free while getting rewards is brilliant!

This is true.

Though I wonder how the CC companies make money off we PIFers..

Sent from my SAMSUNG-SM-G850A using Tapatalk

 

 

They don't make money, except for swipe fees. If a large enough percentage of their customers PIF every month, then all rewards we enjoy would disappear or be very limited. Its all a marketing gimmick that most CC users fail at. Those of us that PIF every month are in the minority when compared to their overall customer base.

 

There are swipe fees and % of transaction fees (revenue) the issuer charges the merchant. Issuers love heavy charging customers even if they are PIF...


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#5351172 The Master 2015 Credit Approvals Thread

Posted by tobettercredit on 03 October 2015 - 01:45 PM

Out of town this week on business. Bored in a hotel room and a few glasses of wine........I apped for the Walmart card. Approved for $150.

I need to stop applying and let my cards age.

Mine went from 150 to 900 to 3500 within 6 months. Charge the hell out of it and PIF.

900 was auto within 2or 3 months and 3500 on sixth statement via chat , I requested 5000 granted my TU was mid 600's and dirty.

So hang in there.


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#5351114 How high will Lowes/Sync go?

Posted by Konrad2012 on 03 October 2015 - 12:25 PM

I shop at Lowes some....and I don't have any store only cards (have the visa,mc of Nordstrom,saks) and never wanted any. But it seems this one is an exception with the 5% and reasonable limits. So I'm tempted.

For this particular card is it more favorable to apply in store rather than online?

 

There have been reports of EX pulls for in-store apps.  Online is TU for the most part.

 

The beauty of the 5% discount from the store is it's stackable.  So if you have a $500 charge, you pay $50 or something on the store card, and get a 5% discount on the entire order.  Then you pay the other $450 with gift cards that you bought for 6%-10% off at Cardcash, Raise, Ebay etc.

 

The 5% is not stackable on top of the military/veterans discount though.


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#5350201 Best way to apply for high-limit credit cards

Posted by dansamy on 01 October 2015 - 10:20 PM

Do you have other cards that you could request CLI on?

 

Some card issuers, like AMEX, have a better promotion that pops up on card pushing sites. So you might want to check multiple sites to see if one has a better offer listed. Usually, the offers will be some form of cashback or points bonus for meeting a certain spend within a particular time frame.


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#5350190 Best way to apply for high-limit credit cards

Posted by nateinva on 01 October 2015 - 10:07 PM

It's hard to give too much advice without knowing some goals.  Or is the goal just another high limit card with no annual fee?  (I see you edited for clarification)

 

I was going to suggest casually browsing the creditpulls database to see if any patterns jump out with higher limits that interest you.  Looks like you may already be familiar with it?  I see a very recent $30k NASA approval on there.  :grin:


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#5349073 Help me avoid foreign transaction fees

Posted by cv91915 on 29 September 2015 - 09:18 PM

I spent several hours researching foreign ATM options for our three-week vacation this summer. I wasn't willing to open a new account, so I used USAA for my cash withdrawal needs.  They only charge a 1% fee, and they refund up to $15 a month in ATM fees charged by other banks.

 

Our primary bank, Bank of America, charges 3% for withdrawals.

 

We only ended up withdrawing about 700 euros (< $800) at ATMs, and I deposited almost 300 unspent euros when we returned.

 

If I had to do it over again I would prefer to have spent the hours of research doing other things, vs. the < $20 I saved.


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#5348473 Can a creditor continue to report late payments after a repo?

Posted by Why Chat on 28 September 2015 - 05:48 PM

Try this:

 

http://www.whychat.5.../GUIDEBOOK.html

 

http://www.whychat.5u.com/repoltr.html

 

The initial dispute letter may get this off your reports:

http://www.whychat.5...displtrsol.html

 

If you need to complete the "Repo" program you can go to the motor vehicle bureau and get the Vin # through their records of your registration.


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#5331086 SCRA Question

Posted by tiggerlgh on 29 August 2015 - 03:28 PM

Pay on time. If they have complied with SCRA (dropped to 6% etc) they can report you late if you are late. You might be able to work something out if you call them but nothing in SCRA prevents them from reporting if they have complied.
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#5213739 Being Stationed Overseas need help

Posted by PotO on 15 February 2015 - 01:31 AM

Seen this situation literally hundreds of times. Unfortunately since we are dealing with Comcast, it pays to be extremely careful.

I'd document the return of the cable box and modem. I'd also proactively send a letter to the Comcast CEO with a copy of your orders. Send it Certified Mail RRR. I've even seen people file a proactive BBB complaint just to get Comcast on record as having cancelled the service with no outstanding debt. Make sure your mail is forwarded to your new DPO address.

The absolute last thing you want to do is wake up one morning to a letter addressed to Mr. Azzhole Marine and / or a derogatory on your credit bureau file. Nip this crap right in the bud.
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