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Our picks
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Collections, but Comcast didn't let me pay.
FixTheProblems posted a topic in Credit Forum,
Hello good folks,
Background: last October, Comcast locked my account because *a stranger* (mistakenly) paid for it with a credit card, and later disputed the charge with their credit card company and did a chargeback. Comcast made it so I couldn't use any type of credit/debit cards to pay. It took some give months to even expose this issue, as agents didn't know why my account was locked. I cancelled my account but they still wouldn't let me pay. Eventually, they sent it to collections, which very promptly hit my credit history with a "Collections" derogratory record.
Unfortunate timing, because I'm in the market right now for a mortgage. Without this note, my credit history is close to perfect, with FICO8 of 835+, and VantageScore3 of 810+. With this, the scores drop to about 710 and 760 respectively. Meaning, either mortgage denial or higher interest rate, leading to huge sums wasted.
My questions are:
1) What is the best way to get this rectified and get this record off my history?
- Is it possible to do a "pay for delete"?
- Should I be talking to Comcast or to the collections agency?
- Is there something I need to to in the interim, like disputing the record?
- What would be the fastest way to deal with this? Ideally, I want to apply for a mortgage in the next week if possible. If not possible, in the next 3-8 weeks.
2) Are there particular mortgage lenders that use a more favorable scoring so this one single negative record doesn't hurt my mortgage rate?
- My understanding is, FICO8 has this 120+ point drop for the first negative record, while other scores (like VantageScore3) doesn't drop so dramatically. Is this correct?
Thank you very much in advance.-
- 67 replies
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Titty Bank Wants More Smoke
RehabbingANDBlabbing posted a topic in Credit Forum,
So my DH had a Citi/Best Buy card that was charged off in 2017. After beginning our credit repair process, I noticed the account was reporting the payment history inaccurately on Equifax and Experian. We disputed many times, then ended up suing them for FCRA violations. They settled the case by forgiving the debt and deleting the account from all reports.
But now they’re back! In 2020, they sent us a 1099-C for an amount just a little bit shy of the balance. I believe it was just the principal balance, which amounted to $4,600. Well, as you know, it’s tax season. And who decides to send us another 1099-C for the same account/debt? Titty bank. They put the full amount of the debt this time; which was about $600 more than the first 1099-C they sent.
I have consulted my lawyer because it seems illegal for them to write off the same debt twice. He has advised we should sue them again. While I’m sure we can win the case, litigation and settlement takes about a year to do, based on our past experiences. It ended up costing us an extra $1,200 in taxes this year. What do y’all think? Should we spend more time and effort on this situation? I’m pretty sure Titty also violated terms in our settlement agreement for the FCRA case as well, in regards to them not pursuing further collection activity.
Any advice would be appreciated.-
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- 24 replies
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American Express Member Since
MP80 posted a topic in Credit Forum,
I have come across a credit topic involving data point information that concerns AmEx's D* policy (which no longer exists) which triggered and raises an important question that may be of interest to anyone who has an AmEx credit card in their relationship history with AmEx.
This is to give credit and courtesy to an excerpt from the @cashnocredit post...
"I had an Amex in 1974, which closed in the early 80s. Opened a new one in 2011 but they didn't backdate me then. Had no record of it (which was always paid on time)."
Question?
Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
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- 42 replies
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Vig's Points, Miles, Cash Back, Earnings, Redemptions, and Shenanigans 2023 Edition
TheVig posted a topic in Credit Forum,
I decided to continue another year of my glorified spreadsheet. 2022 was a disappointment in the shenanigans dept. Most of the dive hotels I stay at did remodels during the pandemic. Not too many WTH moments. Disciplining myself to go under 5/24, allowed me to add a Chase CSP and CFU to the mix in 2022. The various dumpster dive apps I use paid off. To the tune of about $2000 in value.
Inflation being what it is, I'm more hyper sensitive than ever on what spend goes on what card, to maximize spend multipliers.
Credit Cards:
Amex Gold & Every Day MR 441,390
Amex Delta SkyMiles 205,415
Citi MileUp MC American Airlines 69,345
FNBO Amtrak Guest Rewards MC 135,948
Chase CSP / CFU Signature Visa UR 101,559
Chase IHG Traveler MC 66,064
BofA Customized Cash Rewards Visa (3% Travel) $0.88
Citi Double Cash MC (2% CB / TYP Everything) 21,186
Citi Premier MC Thank You Points 34,280
Choice Privileges Visa Signature 360,660
WF Active Cash Signature Visa (2% CB Everything) $87.44
Shopping Portals and Apps / Stacking Opportunities:
DOSH (CB) $18.56
Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 6857
Fetch Rewards (GC) 27,439 Points
Ibotta (CB or GC) $7.65
Upside (CB or GC) $14.15
CoinOut (CB or GC) $8.65
Payce (CB) $18.97
Receipt Hog (CB or GC) 3156 Coins
Receipt Jar (GC) 2013 Points
Receipt Pal (GC) 4725 Points
Shell Fuel Rewards (Earning AA Miles 2miles/gal.)
Starbucks / Delta SkyMiles (Earn 1 SkyMile for every $1 spent at Starbucks)
AA Simply Miles
Airline / Hotel Dining and Shopping Portals
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- 170 replies
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When will this last baddie actually drop off??
tps7c posted a topic in Credit Forum,
Hi Everyone!
I have one last bad account, unfortunately a repo, that is still on my Experian and Equifax reports. Before Experian changed their report format, at some point last year the repo account said "on report until April 2023." Well, it's April and it's still showing. Could it be until the END of April? Would it be worth calling Experian's backdoor number and asking about it? Maybe sweet talking them to delete it early? lol
What do you guys think? In comparison, this account was scheduled to drop off my Transunion report in January and was gone in December. Equifax is the worst and it show dropping from the report in July.
Thanks guys!-
- 15 replies
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Posts
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By RichieRich2 · Posted
My credit has gone from 90% of total credit used to 82% of total credit used. I have a $500 Credit One AMEX coming soon. I think it is best to let Portfolio age off, since 1. They appear to want to play hardball, since my dumb ssa agreed to a payment plan on their full balance when that card got to them. 2. The last time I made a payment was probably somewhere in 2021 when I was still trying to right the ship, so 6 year SOL says next year maybe I'm in the clear, I don't want to go logging in or getting on their radar to find out. ~$2500 so it's a baddie until it falls off in about 2 years, again maybe 2021 is reference point. Reported as Unpaid Collection 3. Their email to me says NOT an attempt to collect a debt, so. I'm going to let them age off, I think is the best move. -
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Your FICO-8 score has reached an exceptionally high level (800 points); at this stage, gaining even a single additional point becomes a formidable hurdle, making it difficult to ascend to a higher tier. Your current score falls within a specific range of the scorecard group, and I believe that the SSL installment loan is significantly propping up your FICO-8 score. If you pay off that SSL loan or it reaches its expiration date, your score will almost certainly drop back to the 760–770 range. Incidentally, that $10,000 in revolving debt is clearly an issue; frankly, you need to pay it off as soon as possible. It is dragging down your score and negatively affecting credit approvals. -
By ShawnPY1972 · Posted
I have 800 scores and less than $10,000 in debt. I have money in the bank, bills are paid and I know if my car breaks down that I can afford to get it fixed. Amex told me the reason they were scrutinizing my pre-approval was because I had several applications in a short time. I was having trouble one night because I had my credit report Frozen and I thought I had removed the freeze and submitted a few applications by accident with my report Frozen. I figure I'll wait a few years and at that time I might try again. I honestly don't need the card. It's more for status. 😊 -
Being asked to provide bank account details as early as the pre-approval stage is certainly disappointing. This usually indicates that your credit report contains factors that trigger an automated system alert, or it may stem from your past relationship with American Express; regardless of the reason, it suggests the application process may not be entirely smooth sailing. Looking at the broader credit landscape, many banks and credit unions are currently tightening risk controls and scrutinizing applicants' income and assets more rigorously. However, American Express is particularly aggressive in this regard, often requiring tax records and bank account information when processing new applications or requests for credit limit increases. It is certainly good if your current financial situation is sound, but you must curb debt growth—the sooner you pay it off, the better. Without vigilant monitoring, much like a hawk keeping a sharp eye on its prey, debt can easily spiral out of control. Many intelligent people have stumbled precisely on this point.
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By ShawnPY1972 · Posted
I tried to apply for the regular American Express card but they keep wanting my tax returns just to do a pre-approval. I have an American Express card with both Macy's and Bloomingdales with $30,000 each. I have the raktuken, fetch and coin base one card totaling $40,000. I'm okay not having a regular American Express card. I have all the credit that I need. I've come a very long way from where I was 20 years ago. I'm a much different person now. I carry very little debt.
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