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Chase Credit Card Product Trading
Author: CreditKing
Posted: Wed Jun 16, 2004 2:51 pm
Post subject: Chase Credit Card Product Trading Does anyone know if you can trade a Bank One credit card for the Chase Marathon Mastercard, once the merger is complete? I have an AARP Rewards Visa which I do not use. I also have Chase Freedom card. Can you have two Chase Mastercards? No one seems to know.
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Author: Board Monitor
Posted: Thu Jun 17, 2004 8:49 am
Post subject: Chase Credit Card Product Trading I would think that you will probably have to apply for the Marathon Card. You can usually have more than one credit card issued by the same company (I have two Citibank MasterCards for example). It will be interesting to see how the merger plays out. You're talking about two huge credit card issuers. Out of curiosity, does your Chase Freedom Card have the same terms as the Chase Perferct Card? I assume so. _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Dining Rewards Credit Cards
Author: tracysbeans
Posted: Tue Jun 08, 2004 6:30 pm
Post subject: Dining Rewards Credit Cards Hi! I'm looking for credit card companies who specially have restraunt rewards. I currently have Sears where I use their Pizza Hut and Denny's rewards and I also have Chase and get RedLobster/Olive Garden/Smoking Bones from them. I'm just wanting to know of other cards I can get dining rewards from as those are what we like to use our rewards for. I would like dining rewards where you can get food not coffee from a Starbucks or something. (no coffee drinkers here )
I hope you can help me! Tracy
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Author: mouse
Posted: Tue Jun 08, 2004 10:36 pm
Post subject: Dining Rewards Credit Cards
tracysbeans wrote:
Hi! I'm looking for credit card companies who specially have restraunt rewards. I currently have Sears where I use their Pizza Hut and Denny's rewards and I also have Chase and get RedLobster/Olive Garden/Smoking Bones from them.
I'm just wanting to know of other cards I can get dining rewards from as those are what we like to use our rewards for. I would like dining rewards where you can get food not coffee from a Starbucks or something. (no coffee drinkers here )
I hope you can help me! Tracy
IDINE
UNITED MILEAGE PLUS
DELTA SKYMILES
There is other airlines that participate
Maybe not exactly what you asked for.
Worldperks Visa Credit Card Consumer Review
Author: cataloger69
Posted: Sun Jun 06, 2004 2:31 pm
Post subject: Worldperks Visa Credit Card Consumer Review Rec'd this application the other day. Card sponsored by US Bank. There is a fee for this card which is fine. I'm just kind of tired getting declined for air mileage cards because of previous and now discharged Chapter 13. Credit score is 719 with a 6 figure income. I do have credit now but I have not been able to get an air miles card. Anybody have any experience with this card? I've heard US Bank not Chapter 13 friendly. Thanks.
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Author: cataloger69
Posted: Mon Jun 14, 2004 8:45 pm
Post subject: Worldperks Visa Credit Card Consumer Review Applied for this card. Rec'd rejection today. 719 score with a discharged Chapter 13. I was told that getting a mileage card with a shaky credit past very hard. Guess that was good info.
Author: NightStar
Posted: Mon Jun 14, 2004 11:15 pm
Post subject: Worldperks Visa Credit Card Consumer Review http:// www.cardratings.com/newmessageboardfr.html I don't see them in the list as being a bankruptcy friendly creditor - you might try one of the others listed here. EDIT: Sorry, linking within the site always seems to be a problem for me, Go to a post in the General Credit Section called Piggyback I am going to bump it up for you to check out.
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At&T Universal Credit Card Rewards
Author: Guest
Posted: Mon Jun 14, 2004 10:28 am
Post subject: At&T Universal Credit Card Rewards The AT&T Universal Cash Rewards Card shows "5% cash back on purchases until 12/01/2004" which I interpret to mean ALL purchases. However, later they say "5% of purchases made at supermarkets, drugstores and gas stations". So which is it, and how can I be sure? In the application form online, they did not indicate any way to contact them for clarification.
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Author: Eugene
Posted: Mon Jun 14, 2004 11:03 pm
Post subject: At&T Universal Credit Card Rewards They advertise several AT&T Universal cards with different promos and terms. Do a seach on google, you'll find some of them. Whatever you apply for, print out the terms for the record.
Credit Card Payment Protector Program
Author: Georgia
Posted: Mon Jun 14, 2004 12:10 pm
Post subject: Credit Card Payment Protector Program I am curious to know. Does activating a "HOLD" on a Credit Card via a payment protector program affect one's credit in any way.
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Credit Cards From Pulaski Bank
Author: Guest
Posted: Wed Jun 02, 2004 12:36 am
Post subject: Credit Cards From Pulaski Bank Does anyone know or have experience with what kind of credit score Pulaski Bank looks for for their cards? Their online app states "Excellent Credit History" required (I have 705 with Equifax) and just got approved for an AMEX Green card last month. I want their card because of he 4.75% fixed rate they are offering (Citibank charges me 9.99%). I've owned my home for 4 years, have no derogatory information on my CR, and make $160,000 /year.
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Author: NightStar
Posted: Wed Jun 02, 2004 7:24 am
Post subject: Credit Cards From Pulaski Bank I tried a while back, they pulled from TransUnion for me at the time my score was in the 740 range. To apply with this bank you have to forward them by fax a copy of your payment stub, a copy of your drivers license. They will mail you out something first to verify your address, or call you to verify your phone. They have strict underwriting just like a mortgage loan would have, I did not make the cut, I messed up myself, showing joint debt, but they would not count my joint income for individual account. It made me look like my utilization was like 47% instead of 26%. Also I have low income only $20,000 per year, so they would only offer $2,000 (and if you already have existing $2,000 credit limit with anyone else) then they are not going to give you anything! They mean it when they say you are only entitled to $2,000 that takes in account what you already have with other creditors. They also reserve the right to sell any accounts of theirs out to other creditors... only problem is you might be going along happy with that 4.75% interest then boom - you now belong to a creditor charging 18% interest - just for example. This was my unicorn card, kept chasing after this one, until I realized it was too good to be true. Least for me it will remain out of reach no matter how good my credit scores become.
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Author: Board Monitor
Posted: Wed Jun 02, 2004 8:53 am
Post subject: Credit Cards From Pulaski Bank Good points Nightstar. Guest, you might have a shot given your high income. Though, your credit score seems borderline. What kind of debt load are you carrying? Don't know exactly what they require (they generally don't share this information), but wouldn't hurt to try if your debt isn't too bad. Let us know how things turn out... _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Department Store Credit Cards Tips
Author: Margo
Posted: Fri Jun 11, 2004 3:20 pm
Post subject: Department Store Credit Cards Tips Does anyone know of any department stores that use only Experian to determine creditworthiness? Does anyone know which stores have "looser" standards, and what the minimum FICO score is?
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Author: NightStar
Posted: Fri Jun 11, 2004 5:00 pm
Post subject: Department Store Credit Cards Tips http:// finance.groups.yahoo.com/group/whopulledmycredit/ This is about the closest available for looking up who pulls from which bureau.
Late Payments on Mortgage Result in Credit Card Debt
Author: Guest
Posted: Fri Jun 11, 2004 11:27 am
Post subject: Late Payments on Mortgage Result in Credit Card Debt Hello, I am just wondering if late payment on mortgage is included in the credit card APR rate increase? All of my credit cards have fine prints of increasing my apr if I have problems with other creditors. I have Citibank, 3.9% balance transfer, and 7.9% APR on BofA and Chase. I don't want my interest to jump up. Please reply.
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Author: NightStar
Posted: Fri Jun 11, 2004 4:55 pm
Post subject: Late Payments on Mortgage Result in Credit Card Debt When credit card companies do account reviews they look at your credit report and can default your interest rate for seeing anything negative on the credit report, weather it be with them, or with other creditors... don't matter if the other creditor is another credit card company or mortgage company. It is far worse to have a late on a mortgage then it is to have a late on a credit card - because when you go to refinance on the mortgage it may come back to bite you later on. You can always transfer a credit card to a new creditor, or ask for re-aging to remove the late... get back into their good graces for just one late, but it is harder to do that with a mortgage loan.
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Airline Business Rewards Credit Cards
Author: Guest
Posted: Tue Jun 08, 2004 11:59 am
Post subject: Airline Business Rewards Credit Cards found your website thru lots of google searching - most are sales sites - yours looks like a legit rating system. I'm looking for a good airlines miles card for my business that doesn't require a fee. I put a lot of $ on it and don't think I should pay a fee. Credit card companies make a mint! I know I'm a merchant and they get a large percentage and don't hardly lift a finger. You need to rate processors also! Help the merchants out! Thanks
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Author: Board Monitor
Posted: Wed Jun 09, 2004 7:43 am
Post subject: Airline Business Rewards Credit Cards Thanks for the complement! You will probably have a hard time finding an airline card with no annual fee. The cash back cards (which I personally prefer), though, usually don't have an annual fee. Take a look at our "Card Reports" section for a comprehensive listing of business cards... _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card Scam Offer
Author: marsan
Posted: Fri Apr 30, 2004 11:39 am
Post subject: Credit Card Scam Offer NOTICE: As managing partner of Titan Financial Services, we have posted notices on our web site that we are not involved in the issuance of credit cards. there are scam artists that have been using our good name and web site trying to scam $299 from folks in exchange for credit cards that will never be issued. We are investment advisors (stocks, bonds, mutual funds, insurance, etc) NOT issusers of credit cards. We have notified the FBI and are tracking a file of people who contact us and gather as much information as possible. The FBI won;t get involved until there is a loss of at least $50,000. That's a lot of folks getting scammed. Any help that anyone could provide, please let us know.
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Author: Verne
Posted: Fri Apr 30, 2004 12:23 pm
Post subject: Credit Card Scam Offer For more Titan horror stories check out this site: http://www.eyeoncredit.com/warnings/index.html I think it's a phony credit card scam originating with telemarketers in Canada. It has other names and this one may change soon. Canadian terrorists (I mean telemarketers) are ripping Americans off to the tune of several billion per year. Most of the scams involve a phony credit card. Please, do not, for a moment, entertain the notion that you can get a real credit card from a telemarketer. Verne _________________ Any agreement that can be changed at any time, for any reason, is no agreement at all.
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Author: sgborn
Posted: Thu May 06, 2004 3:23 pm
Post subject: Credit Card Scam Offer I allowed titan finacial services to debit 299 dollars from my checking account. I can be contacted about this by calling me or email me at shannonbornone.com
Author: debbiemcfall@aol.com
Posted: Fri May 07, 2004 1:08 pm
Post subject: Titan Financial Services and Credit Cards Review i was also contacted by these scam artists about getting a credit card. I authorized them to electronically deduct $299 from my checking account. As soon as I did I felt very uneasy and looked them up on the computer. I was horrified when I read all the ripoff reports. I immediately called the bank and paid $25 to stop payment on the withdraw. I then called these people back and informed them that I was cancelling the check. They, however, tried to withdraw the money anyway. I received verification of this from the bank today. I feel foolish for this and today I called them back to let them know that I knew they were ripoff artists. They very calmly told me that was ok and to have a nice day. If they are not stopped they are going to continue to sucker people like me. I am sorry they used your good name in a scam like this.
How to Increase Credit Card Credit Limit
Author: The Great British Spender
Posted: Sat Jun 05, 2004 3:56 pm
Post subject: How to Increase Credit Card Credit Limit Due to a business disaster a few years ago I find myself without capital to take advantage of buy/sell opportunities I come across from time to time. I understand from the 3rd largest UK bank that my credit score is of the highest class so it is my intention to research increasing my various card limits to give myself more flexibility in the future. Does anyone Stateside have any knowledge of how to do something like this,here in the UK I can only bow to your experience as we Brits seem to be somewhat in the dark about about activities of this kind.
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Author: Guest
Posted: Sat Jun 05, 2004 10:20 pm
Post subject: How to Increase Credit Card Credit Limit The Great British Spender wrote: buy/sell opportunities By consistantly paying off your bills on time every month. The only other way is to inherit the Queen's gold. By chance are you talking about business opportunities? Sounds like it, the way you put it...buy/sell...or is it real estate? Then again, there's always the lottery.
Author: maverick
Posted: Sun Jun 06, 2004 11:04 am
Post subject: How to Increase Credit Card Credit Limit I am not sure how this works in UK, but in my humble opinion, you can do the following: 1. Apply for more credit cards. 2. Call up you existing credit card customer service and ask for raising the credit limit without doing a hard pull. If you have a long and good credit history, I believe the credit score will not be affected much even if they do a hard pull. This way, you may be able to get a lot higher credit limit. 3. Many times, you don't even have to do the above. Just go to your account online and there ought to be a link somewhere that says: Credit limit increase request. If you have been a customer for more than 6 months, there ought to be an offer that would increase your limit by a modest amount (e.g. $500). You could also fill out an online form and ask for a specific amount, but this probably would result in a hard pull. 4. Use more and more of your cards more often. Hope this helps. Please correct me if I am wrong, experts.
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Credit Card for Emergencies
Author: tiltrite
Posted: Thu Jun 03, 2004 4:49 pm
Post subject: Credit Card for Emergencies Hi all, First post here, so please bear with me. (and yes, I have been searching ) I've built my credit back up and now I'm getting all these "preapproved" offers. I don't have a credit card right now and I'd like to get one for emergencies. In the past I've had nightmares with MBNA and will never use them again, but I'd like to get your take on the companies that are offering me these cards. Providian: Capitol One Are there any basic hidden pitfalls I should be aware of if I sign up for one of these? Like how do you really know what apr you're getting? Everything seems pretty vague: like "credit limit UP TO xxxx" etc...
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Author: Guest
Posted: Thu Jun 03, 2004 5:10 pm
Post subject: Credit Card for Emergencies wow okay I've seen a load of Providian horror stories. So what's the general opinion on capitol one?
Author: Milina
Posted: Thu Jun 03, 2004 6:28 pm
Post subject: Credit Card for Emergencies I have Capital One from a year. Never had problems with them. They review my card every 6 months and increase my limit automaticly. One negative factor is that they don't report the credit limit to the CRAs. So your highest used balance on the card is used as a credit limit in calculating your score.
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Author: NightStar
Posted: Thu Jun 03, 2004 6:49 pm
Post subject: Credit Card for Emergencies Fix on this, if the credit limit is reachable, is to go out and buy something just about equal to the credit limit, then return the item within the month. This way, Capital One has to report the high balance near to what the credit limit is, then your utilization is not show the next time you add a balance to the card. If the credit limit is of a good amount, consider a balance transfer to another card, then pay the card right back off... I know there is a bit of planning on this one. I think a while back, I heard someone say that a credit could be added to a card, were no balance existed, then you could request the remaining credit be forwarded to you to get the cash back. Not sure on this though, maybe someone else can chime in to confirm if I am thinking right on this one. Capital One has mixed reviews, some people get along fairly well with them, while others would like to take them down but good. Providian, I have heard plenty of horror stories on this one as well.
Frequent Flier Credit Card Reviews
Author: petenice
Posted: Wed Jun 02, 2004 12:59 pm
Post subject: Frequent Flier Credit Card Reviews Hello I'm looking at opening a new credit card that can hopefully offer some or all of the following: low intro APR and/or 0 percent APR on balance transfers frequent flier miles I currently fly on US Airways and United for business and have earned points on both. I'm thinking of the US Airways Dividend Miles Card but frown at their 90 dollar annual fees. My goal is to earn some extra miles for a honeymoon down the road and I plan on using the card to purchase the engagement ring unless it makes sense to transfer to it. Thanks for any info in advance.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Guest
Posted: Thu Jun 03, 2004 10:19 am
Post subject: Frequent Flier Credit Card Reviews Hate to tell you this, but no airline rewards card is going to hand out 0% intro periods. This is a rewards card after all. US Airways at 0% intro? Forget it. Other than that, it is a good card to have, even with the $90 annual fee. 0% deals are typically offered on low rate or shopping/cashback rewards.
Solidium Consumer Financial Review
Author: Ann
Posted: Fri May 28, 2004 5:12 pm
Post subject: Solidium Consumer Financial Review I scrolled through all the material from April 2004 on, looking for some references to Solidium/London Financial. I realize this site/thread is devoted to Sherman Acquisitions....in fact, that's how I stumbled on it, because (1) we got involved with Solidium a year ago (who has now been forced into receivership and shut down temporarily at least by the FTC) and (2) because of this new playing field are the seven creditors that we had placed with Solidium (ostensibly a debt management company based on negotiated settlements) going to now "start over" in their efforts with us? I pulled a letter we received in April, 2004 that indicates that NES-National Enterprise Systems has gotten this specific bill from Sherman Acquisition who was representing Providian. What's weird is that we have 3 providian cards placed with Solidium, and only 1 apparently that went to Sherman. We are perhaps in a little different situation, in that we have never disputed these bills, we intend to pay them--but because we were able to pay only minimums with high interest rates, we knew we had to find some other way of getting at the solution. Unfortunately, Solidium was not a solution. Now we find, based on the FTC case transcript, that they were violating their 501(c)3 status in addition to many other things. They are a group of inter-related companies that are definitely FOR profit. The FTC hearing was held in the Western Region/Central California/US District Court last Monday (May 24), and I am currently trying everywhere--to find what the results of that hearing were. The case #, if anyone's interested, is SACV04-0474CJC(JWJx).
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Author: bubba jo
Posted: Fri May 28, 2004 11:51 pm
Post subject: Solidium Consumer Financial Review Ann, I did a search at the ftc.gov web site using your case number and came up with the following article: http:// www.ftc.gov/opa/2004/05/ncc.htm
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Author: Guest
Posted: Fri May 28, 2004 11:53 pm
Post subject: Solidium Consumer Financial Review Part of that linked thread gives a hotline for consumers to call. "The FTC recently established a hotline to provide consumers with the most current information on this case. Consumers may call 202-326-3435."
Author: Ann
Posted: Tue Jun 01, 2004 12:25 am
Post subject: Solidium Consumer Financial Review Thanks for the tips, BJ....I have continued to check back on all related sites and today hit pay dirt: The website www.thencc.org now carries all the court materials, receiver's reports and press releases provided by Robb Evans and Associates LLC. Apparently that will be the outlet for all the scoop on the situation. Thanks again for the help.
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Applying For Several Credit Cards At a Time
Author: Milina
Posted: Mon May 31, 2004 10:36 am
Post subject: Applying For Several Credit Cards At a Time Hi, does anybody know what will happen if I apply for 2 different credit cards within 4 days. What are my chances for approval from both. Does the first application affects somehow the second for so short time? Thanks
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Author: mouse
Posted: Mon May 31, 2004 3:58 pm
Post subject: Applying For Several Credit Cards At a Time Milina wrote: Hi, does anybody know what will happen if I apply for 2 different credit cards within 4 days. What are my chances for approval from both. Does the first application affects somehow the second for so short time? Thanks Maybe...maybe not It all depends on how many inquires you have now. There are 3 different CRA's that an application can go to. Some applications can pull 1 or 2 or all 3
Author: Milina
Posted: Mon May 31, 2004 9:15 pm
Post subject: Applying For Several Credit Cards At a Time In the last 12 months I have 0 inquires. All I mean is that the time period is very short and does it go to the CRA right away? And does it look suspicios for the second creditor that I'm looking for credit? My credit score is very good now and I wanted to get 1 card with very good rewards and another with very low APR.
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Creditors Who Pull Trans Union Credit Reports
Author: Dominique
Posted: Sat May 29, 2004 1:45 pm
Post subject: Creditors Who Pull Trans Union Credit Reports Is there any up to date information on which creditors use TransUnion in New Jersey?
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Author: NightStar
Posted: Sat May 29, 2004 2:59 pm
Post subject: Creditors Who Pull Trans Union Credit Reports Check this site: http:// finance.groups.yahoo.com/group/whopulledmycredit/ Pretty good collection of consumers reportings on who pulled their credit report. Also the credit reporting agencies are territorial... depending on where the specific agency is located they will be strongest in that area. Some creditors pull from all three depending on where you live as well.
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Chase 0% Credit Card
Author: Guest
Posted: Thu May 06, 2004 1:42 pm
Post subject: Chase 0% Credit Card I'm a newbie to this forum but have appreciated the wealth of information I have read so far. Here's my dilemma that i'm hoping you GREAT people could provide some insight on. I received an offer from Chase for a Mastercard with 0% for life on balance transfers over $8k (with other rates for smaller transfers max 2.99% for life, for purchases, preferred pricing APR rate that starts at 10.9%). When I read the fine print, they are charging a $150 balance transfer fee for each transfer (i think that's pretty steep). Secondly, I have a Providian Card (no barfing) that I've had for years that has a $460 secured deposit in their possession. It has no balance and I don't use it for anything. High APR 15.99% and I just received the bill for the Annual Fee-$39. I don't want to cancel due to my FICO being hurt along with my debt ratio taking a dive(.22 to .26). But that $460 could go to debt repayment. I have 2 cards with balances (Bank of America $7k @ Prime Rate for life of balance, Discover $4k 0% until 6/05), so i could accomodate the $8k to get the 0%. Do you think I should apply for the Chase given the stiff transfer fees and high APR and then cancel Providian or what? Thanks in advance
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Author: AddictedViper
Posted: Thu May 06, 2004 2:14 pm
Post subject: Chase 0% Credit Card If I were you, I would cancel Providian card. I'm not gonna pay annual fee for that card.
Author: Eugene
Posted: Thu May 06, 2004 4:42 pm
Post subject: Chase 0% Credit Card ... or ask Providian to upgrade your card to one that does not have an annual fee OR a security deposit. If they don't do it, I agree with Viper - cancel the card, but AFTER (and IF) you receive the new card you want now.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Thu May 06, 2004 9:09 pm
Post subject: Chase 0% Credit Card Get the Chase card, balance tranfer the 8k (or more) to your Providian account, then ask for a refund of the excess. Use it to pay down your other accounts. This way, you incur only one balance transfer fee of $150. You're paying more than $150 per year interest on that $7k prime rate account, so you're coming out way ahead. $150 sounds like a high rate for a balance transfer at first glance, but it's under 2% of the $8k transfer--and if you never use the Chase card for anything else, it's all the money they will ever get from you in interest or fees. The minimum payments will likely pay off the balance in 5 years or so, so that' $30 per year as your net cost instead of, say, $320 per year at 4% on the $8k. That's a good deal! (Actually, of course, since the outstanding balance is always going down on both of these loans, the interest/fee is likely to be half those numbers on average over the 5 year payout. I'm not gonna do the math here--you get the point without it.)
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
BP Credit Card Review
Author: TWinbrook46636
Posted: Mon Jan 26, 2004 1:32 am
Post subject: BP Credit Card Review Anyone have details on BP Citibank card? Suposedly it exists but searching the web just comes up with a bunch of dead links. Perhaps it does not exist anymore?
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Author: cjtheserviveman@aol.com
Posted: Fri May 28, 2004 9:30 am
Post subject: BP Credit Card Review if you found any info on the bp/citibank card please let me know. it's on my credit report.
Author: Guest
Posted: Fri May 28, 2004 10:02 am
Post subject: BP Citibank Credit Card Review BP is bankone not citibank
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Author: Polonius
Posted: Fri May 28, 2004 10:38 am
Post subject: BP Credit Card Review First USA used to issue BP (British Petroleum) cards, but I think that was spun off to Citibank before First USA was bought by Bank One. Citibank is now offering the BP gas cards (as well as its own gas card and the Shell gas card). Check here for details and applications: http:// www.applybp.com/ for the BP card, and http:// www.anbcards.com/acq_index.htm for a listing of all the cards offered by Citibank. Citibank offers other BP cards--but the BP stands for Business Plus. Confusing, isn't it?
Credit Card Rebate Programs
Author: Board Monitor
Posted: Fri May 28, 2004 8:33 am
Post subject: Credit Card Rebate Programs Interesting article on SmartMoney.com about some new credit card rebate programs that help you save for the future through retirement accounts, 529 accounts, etc. Also cards that help you pay down your mortgage: http:// www.smartmoney.com/consumer/index.cfm?story=200405261 Thoughts? I am proud to say that http:// www.cardratings.com is featured! _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
Credit Card Expiration Date Tips
Author: husstang
Posted: Sat May 22, 2004 10:52 pm
Post subject: Credit Card Expiration Date Tips I am currently using my first and only credit card. I have paid my entire bill every month and hopefully have a rather good credit rating. I noticed that my credit card expiration date is approaching, about six months away. My question is: what happens at the expiration date? Does my credit card company automatically send me a new card? If I want to switch to a different card at expiration from a different company should I call my card company and tell them not to renew it? I am currently using a student card and at expiration I would like to upgrade to a card with some rewards, any information on this subject would be greatly appreciated, Thank you.
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Author: Verne
Posted: Sat May 22, 2004 11:12 pm
Post subject: Credit Card Expiration Date Tips Usually the expiration date is nothing more than a slight pause at which time the card company sends you a card with a new expiration date. Since they can change the "agreement" at any time, the expiration date means little and is used more for security reasons. You don't have to renew anything. Your contract or agreement is still just as worthless as before. You should get the new card in the mail 2 or 3 weeks before it expires.
Author: meto
Posted: Sun May 23, 2004 9:16 am
Post subject: Credit Card Expiration Date Tips Hain't that the truth! Verne wrote: Your contract or agreement is still just as worthless as before. Verne Amazing how people would refuse to sign such an agreement on anything except for a credit card.
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Author: meto
Posted: Mon May 24, 2004 2:08 pm
Post subject: Credit Card Expiration Date Tips [quote="husstang"]I am currently using my first and only credit card. I have paid my entire bill every month and hopefully have a rather good credit rating. I noticed that my credit card expiration date is approaching, about six months away. My question is: what happens at the expiration date? Does my credit card company automatically send me a new card? If I want to switch to a different card at expiration from a different company should I call my card company and tell them not to renew it? I am currently using a student card and at expiration I would like to upgrade to a card with some rewards, any information on this subject would be greatly appreciated, Thank you.[/quote]<< I am currently using a student card and at expiration I would like to upgrade to a card with some rewards, any information on this subject would be greatly appreciated, Thank you. husstang ================ This may be an excellent plan to harm yourself from 2 fronts. 1*Average of accounts 2* Utilization of available credit. Why not keep the current card and add a new one instead? >>
Best Rewards Program For Credit Cards
Author: tracy
Posted: Sat Nov 29, 2003 3:03 pm
Post subject: Best Rewards Program For Credit Cards Hi! I have 2 credit cards that have good rewards programs. Chase and Sears Mastercard. I'm wondering who else out there have good rewards programs. I'm looking mostly for good dining rewards! I hope someone can help! Tracy
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Author: Guest
Posted: Sat Nov 29, 2003 4:41 pm
Post subject: Best Rewards Program For Credit Cards The obvious answer is AMEX. Since you have chase you should qualify for it
Author: tracy
Posted: Sat Nov 29, 2003 6:04 pm
Post subject: Best Rewards Program For Credit Cards I checked out Amex but I didn't see many dining rewards offered by their rewards program?? With Chase I get Red Lobster/Olive Garden certificates. With my Sears gold card I get Denny's and Pizza Hut coupons. I LOVE eating out at all 4 of these places BUT would love to add on more. I charge up to $20,000 per month and pay it off each month so my points can REALLY add up fast. Today I just got a FREE snowblower at Sears with my points. (Winter is coming SOON here in WI) My Fico score is 706 at this moment. I pay all balances by their due date. I just want MORE reward choices!! Are there different Amex rewards card options??
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Credit Cards For People With Bad Credit
Author: ndhelp
Posted: Sun May 23, 2004 8:21 pm
Post subject: Credit Cards For People With Bad Credit :?: how do i stop a credit card company from making a with draw from my bank after i changed my mind about a card?it is a $300.00 withdraw :? :?
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Author: mouse
Posted: Sun May 23, 2004 11:41 pm
Post subject: Credit Cards For People With Bad Credit ndhelp wrote: how do i stop a credit card company from making a with draw from my bank after i changed my mind about a card?it is a $300.00 withdraw Call your bank first thing MONDAY am
Author: Verne
Posted: Mon May 24, 2004 8:41 am
Post subject: Credit Cards For People With Bad Credit Real credit card companies don't operate this way. There are lots of scams out there involving a $200-$300 automatic withdrawal from your checking account. I doubt you will even receive a card. For details on how to proceed with your bank and get your money back (if you didn't catch this in time) check out CREDIT SCAMS at http://eyeoncredit.com
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Debt To Income Credit Card Ratios
Author: Guest
Posted: Sat May 22, 2004 2:40 pm
Post subject: Debt To Income Credit Card Ratios What is the average debt to income ratio that banks go up to for a debt consolidation loan? (Personal UNsecured loan) The bank I'm applying with say thay they DO count the exisiting bills monthly payments like they will still be there even after they are paid off. They are really conservative. But anyways, what debt to income ratio do big name banks use?
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Author: Polonius
Posted: Sat May 22, 2004 3:53 pm
Post subject: Debt To Income Credit Card Ratios Lenders set their own policies, of course. Often 36% is the cut-off point according to: http:// www.bcsalliance.com/y_debtratio.html That link also says: Quote: Do not include grocery, telephone, and utility bills or any debt that will be paid off in the next few months. If your car loan will be paid off two or three months from now, don't include it in the equation. How absurd this all is! Why aren't grocery/telephone/utility bills included in the calculation? Don't they have to be paid too? Why is the ratio important rather than the difference between the fixed expenses and your income--that's the number that shows how much money you have to spare. And if the point of a loan is to consolidate debts at a lower interest rate, what difference does it make what your payments are NOW or how much money you owe NOW as long as you can make the payments on the loan you're taking out to pay off those other debts? Your debt isn't going up--your payments are going down. If you're able to pay your bills now, you'll be able to pay them after consolidating the debt at a lower interest rate too. (Yes, circumstances can change--but that's always true regardless of the current debt or lack of debt, isn't it?) Silly. Silly banks. Stupid banks.
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Author: Moth
Posted: Sat May 22, 2004 4:40 pm
Post subject: Debt To Income Credit Card Ratios Banks are happy to loan you money if you can demonstrate that you don't actually need it. In other words they're looking for the financially insane.
Reward Credit Card Article
Author: Board Monitor
Posted: Wed May 19, 2004 6:30 pm
Post subject: Reward Credit Card ArticleTo All, Thought you might enjoy reading a great article on some of the latest credit card reward programs: http:// money.cnn.com/2004/05/19/pf/saving/willis_tips/index.htm I am proud to say that http://www.cardratings.com is featured in the article. Enjoy! _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Thu May 20, 2004 4:09 am
Post subject: Reward Credit Card Article Hi Curtis, Good article, but I just wish that she would have mentioned somewhere that the only way to win with cashback cards is to NOT carry a balance. The way she wrote she assumes that people will not pay their balance in full every month. In a way she's promoting overspending.
Author: Board Monitor
Posted: Fri May 21, 2004 7:23 am
Post subject: Reward Credit Card Article She mentioned in the segment that she didn't like variable rate cards in a rising rate environment (which we are supposed to be entering soon). But, in my opinion, this should be a non-issue with reward cards because, like you say, you should never carry a balance. But, you should of course be aware of the interest rate. _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card Balance Transfer to Bank Account First
Author: Guest
Posted: Wed May 19, 2004 4:51 pm
Post subject: Credit Card Balance Transfer to Bank Account FirstIs it a good idea to balance transfer to your bank account first with BT(Discover) CC checks(not cash adv checks) and then pay off a CC? What about tax issues with the amount going into and out of your bank account? Also should I pay off the whole amount or leave a small balance on the higher interest CC?
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Author: Ira
Posted: Thu May 20, 2004 4:21 am
Post subject: Credit Card Balance Transfer to Bank Account First In no particulr order, I don't know of any tax issues regarding credit card spending or making payments. A very long time ago credit card interest used to be tax deductable, but them days is gone forever. My advice is to pay the entire amount if you can. This will immediately stop any finance charges. Let's say you have a $5,000.00 balance and you pay off $4,999.00. The month following the pay down you'll get hit with a finance charge based on your average daily balances. If you had paid the extra dollar there would be no finance charge at all. With regard to balance transfer checks vs. telephone or on-line transfers, it depends on the rules of the issuing bank. Some charge a higher fee for one or the other. Check with your bank. Also, some banks prohibit a balance transfer from going into your checking account. In theory a "balance" transfer is to transfer the existing balance on one card to another, and some banks stick to that definition. There's no particular advantage to doing a two step transfer (credit card to checking account to credit card).
Author: Polonius
Posted: Thu May 20, 2004 11:23 am
Post subject: Credit Card Balance Transfer to Bank Account First Ira's completely right (as usual ). But just to add a bit to speak to your concerns, be sure to keep accurate records of the transfers so that if you are audited you can show the source of the money you're depositing. There are no tax issues--but if you have no records and can't explain unusual deposits, you could be accused of not reporting income. So you must be ready to produce proof that it was a transfer. You have to be real careful about BT checks used as deposits. There's a lot of fine print and confusing language in the offers. Some offers tell you to use the checks anywhere checks are accepted--but the fine print says that if they're not used to pay a credit card balance then they're regarded as cash advances at the usual cash advance rate and fee. Be VERY careful. If you can use the checks as you say, one advantage of depositing a check in your own account is that you incur one balance transfer fee (if there is a fee), and you can then dole out payments to several cards without additional transaction fees.
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How to Get a Credit Card With No Credit History
Author: jenpake
Posted: Sat May 15, 2004 3:28 pm
Post subject: How to Get a Credit Card With No Credit History Hi all, I'm a non-student who has no previous credit. I was in college for one year but was suspended for bad grades. Now I'm working, making about $3600 a year. I'm trying to find a credit card with a low spending limit but am having a very difficult time finding one for non-students. All the cards I have looked at require somewhere around $15k annual income, and I don't make anywhere NEAR that. If anyone can help it would be greatly appreciated.
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Prime Vs. Subprime Credit Card
Author: cyborg
Posted: Thu May 13, 2004 3:16 pm
Post subject: Prime Vs. Subprime Credit Card i keep reading on these boards about prime cards and subprime cards? what are the differences? is it the rates u get or is it the bank? please list some examples... thankss
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Author: nativechild48
Posted: Thu May 13, 2004 11:31 pm
Post subject: Prime Vs. Subprime Credit Card Prime can be both the bank and the rate. Some say platnum is the best but some sub prime banks offer platinum as well. Generally subprime are starter cards that may have an annual fee and high interest rates. Prime are really good card where your fico and other factors come into play when you obtain them. Prime cards offer many perks and no annual fee sometimes and rewards or points also low int. rates.
Author: marlboro
Posted: Sat May 15, 2004 2:43 am
Post subject: Prime Vs. Subprime Credit Card sub prime is for those with low-no credit, high interest, high fees, and annual fees. aimed towards any credit score less than 650 will get you a nice kick in the buttocks mainly the area where your wallet resides. prime on the other hand would be MBNA, Bank One and so on. they cater to those with great creedit offer great rates and have great customer service.
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Author: cyborg
Posted: Sat May 15, 2004 2:49 am
Post subject: Prime Vs. Subprime Credit Card u think those who review ur report weigh factors as in who issues the cards? for ex. if i have a cap1 with 9.99 CL 10000 compare to an amex 9.99 CL 10000 with same exact history and all else being same... will it matter to them? or score?
Variable Credit Card Rate
Author: amyb
Posted: Fri May 14, 2004 11:09 am
Post subject: Variable Credit Card Rate We are always getting offers and this one just caught my eye. I just recieved an offer from fleet for a variable 3.99apr for transfers. It says either the minimum rate of 3.99% or LIBOR + 2.810% (about which I don't have a clue ) We currently have a Capital One with 9.99 fixed. We do not make purchases with this card; it's leftover from years' past vacations, gifts, etc. We have a balance of a little less than $3000, and usually pay $300/mo. Is it worth it to switch, or should we just keep what we've got since it will be paid off within the year?
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Author: Polonius
Posted: Fri May 14, 2004 2:22 pm
Post subject: Variable Credit Card Rate Sure, grab it. Why pay 9.99% when you can drop that to 3.99%? Even if you have to pay Fleet a balance transfer fee it's worth it (I think Fleet's fee is a maximum of $35, right?). http:// www.bankrate.com/brm/ratewatch/other-indices.asp quotes the LIBOR rates; they vary with time period involved and are 1.1% for the one month rate to 1.88% for the one year rate right now. Your offer must have specified which LIBOR rate would be used. CapitalOne offered me a fixed 2.9% no fee on balance transfers good until paid on one card and 5.9% no fee on another. So you might want to call CapitalOne, tell them you received the other offer from Fleet, and ask them if they'll lower your current rate. Good luck!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Average Amount of Credit Cards
Author: cyborg
Posted: Thu May 13, 2004 9:57 am
Post subject: Average Amount of Credit Cards if anyone know if having 1 - Citi 6700 1 - MBNA 5700 1 - AMEX 2200 is too many or too little credit cards? i usually keep about 1000-1500 balance combined. i just want to raise and build my credit.. should i get more credit cards?
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Author: nativechild48
Posted: Thu May 13, 2004 11:38 pm
Post subject: Average Amount of Credit Cards If you keep a balance then do not obtain too many cards at one time. Some companies take this into consideration when they look at your use of credit.( They can and will jack your rates if you have too many and too much debt) As NightStar always say you have to have a good mix revolving, store, credit cards, equalization of the utilization of your credit, do not exceed your debt Vs income, pay down or pay more than the minimum, and aging of the accts. with no slow or lates or charge offs.
Author: Guest
Posted: Fri May 14, 2004 8:37 am
Post subject: Average Amount of Credit Cards i think i have pretty much all the things u have mentioned.. except for a store card. do ppl still use them? i use to use them for the intro 15-30 percent off first purchase... but now id rather use my regular cards for rewards or cash back..
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Author: NightStar
Posted: Fri May 14, 2004 9:07 am
Post subject: Average Amount of Credit Cards Myself recommend staying away from the store cards if you can help it, they generally charge higher interest rates then any deals they would be offering for the card.
Deposit Fee on Secured Credit Card
Author: catlover7
Posted: Thu May 06, 2004 2:08 pm
Post subject: Deposit Fee on Secured Credit Card Good afternoon. I recently became a client of Liberty Group Services. it was understood that after I paid an amount of $250.00, I would then receive my card. I noted on my recent bank statement that (2) "checks" dated for 4/16/04 and 4/23/04 for deposited for the amounts of $125.00 each. Have both amounts been taken already? I would appreciate it if I could resolve this situation. I don't recall having any other transaction taken out of my checking account for those amounts.
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Author: mouse
Posted: Thu May 06, 2004 5:15 pm
Post subject: Deposit Fee on Secured Credit Card catlover7 wrote: Good afternoon. I recently became a client of Liberty Group Services. it was understood that after I paid an amount of $250.00, I would then receive my card. I noted on my recent bank statement that (2) "checks" dated for 4/16/04 and 4/23/04 for deposited for the amounts of $125.00 each. Have both amounts been taken already? I would appreciate it if I could resolve this situation. I don't recall having any other transaction taken out of my checking account for those amounts. This is NOT LIBERTY GROUP SERVICES
Author: cyberlayde
Posted: Thu May 13, 2004 11:19 am
Post subject: Deposit Fee on Secured Credit Card Why don't you call your bank to find out? They can provide you with copies of the cancelled checks. Sorry, but this company sounds like a scam to me, why would you have to pay $250 for a credit card? I hope you have some kind of agreement in writing from them.
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Getting Credit Without a Co-Signer Credit Card
Author: acs
Posted: Tue May 11, 2004 10:45 pm
Post subject: Getting Credit Without a Co-Signer Credit Card I'm 18 yrs and wish to get a credit card i have a full-time job but can't get approved since i have no credit history. What suggestion can you give on going about getting credit without me being token advantage of? please no cosigner apps
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How to Get Credit Limit on Credit Card Increased
Author: Oliver
Posted: Sun May 09, 2004 11:13 pm
Post subject: How to Get Credit Limit on Credit Card Increased I was reading the reviews on this site for the Orchard Bank Mastercard Classic. Here's a quick link to view the reviews: http:// www.cardoffers.com/reviews/cardholders/posted/card.asp?idmin=43 There seems to be some confusion about how to get one's limit automatically increased by Orchard/Household. Would one increase his limits the same way as someone with good credit would, or is there a special trick with Orchard Bank? I guess I'm asking if anyone here has this card, and if you managed to get auto increases from this company, how did you use the card to get the auto increase? Did you charge close to the limit and pay if off every month? Did you charge a lot, but not pay your balance completely so they could make some interest off you (and thus think that it might be good to raise you limit so you can possibly generate more interest income for them?) I should note that I do have terrible credit: that's why I have this card. My bankruptcy was discharged about a year ago. I have two secured cards, but I'd like to get this card at a decent limit so I can eventually close the other two accounts. Any advice is appreciated.
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Author: NightStar
Posted: Mon May 10, 2004 10:17 pm
Post subject: How to Get Credit Limit on Credit Card Increased Well I checked around on your question, another person had this card 3 years, obtained a $100 increase but ended up having to pay them for the increase. Sorry about that...
Author: NightStar
Posted: Mon May 10, 2004 10:24 pm
Post subject: How to Get Credit Limit on Credit Card Increased Here is what another person suggested - said they were able to get increases without having to pay for them.
Author: Guest
Posted: Tue May 11, 2004 5:32 pm
Post subject: How to Get Credit Limit on Credit Card Increased I had an Orchard card several years ago. I started with a $300 limit and just used the card for regular everyday stuff. I paid more than the minimum and after six months the limit was raised to $450. Then after another six months the limit was raised to $600. I never went over the limit, never late and didn't use the card for advances.
Tips on Rebuilding and Improving Credit Score
Author: cyborg
Posted: Mon May 10, 2004 5:59 pm
Post subject: Tips on Rebuilding and Improving Credit Score hi all i've just discovered this forum and i think its a great idea... anyways. i use to have very bad credit like 3-4 years ago. i would make miss payments, have high balances, u name it. i've never defaulted anything though. i couldnt even open up a nextel account because they wanted $500 deposit. and credit card applications, i would always be denied. i've been paying my bills ontime for the past 2 years and havent missed anything. my citibank mastercard just increased my credit line from 1500 to 5500 in the last 4 months... i have a mbna card with a limit of 5700... i tried again3 days ago i ended up on the amex site and ended up applying for an amex blue and was told i was approved for 2200. i know my credit is getting better slowly. how can i improve my credit faster and getting increased credit lines? having a limit of 2200 on my amex seems really low... im 26 years old. anytips would be greatly appreciated. btw.. how do utility bills / cell phones / payments affect credit scores? thanks.
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Author: NightStar
Posted: Mon May 10, 2004 8:27 pm
Post subject: Tips on Rebuilding and Improving Credit Score A few things you can do here... Lates write a good will letter to the creditor requesting that they forgive the late listings and remove them from your credit report. Can use www.planetfeedback.com to forward to their address and key contact listed here. over the limit you didn't indicate, but I will add just in case. On these, you will want to call the creditor to see if you can get a credit limit increase by the amount that you exceeded the credit limit by. Don't dispute in your case with any of the credit reporting agencies, these accounts though negative are helping the credit just by the history established. Try what you can with persistance to get the creditors to help you from their side. On the accounts you have now, absolutely be sure to keep the utilization down as low as possible, lower then 40% at least.
Credit Card Companies Pull From Which Credit Bureau
Credit Card Upgrades
Author: TVJournalist
Posted: Fri May 07, 2004 2:50 pm
Post subject: Credit Card Upgrades Hello, My name is Julie, and I'm a TV producer working on a consumer credit card story. Apparently, credit card companies offer upgrades through the mail all the time- you know from gold to platinum cards. But sometimes they used those upgrades as an opportunity to restructure your contract. THAT COULD MEAN higher fees or different terms for you. If this has happened to you and you want to help educate others about this, please reply
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Author: NightStar
Posted: Fri May 07, 2004 6:52 pm
Post subject: Credit Card Upgrades I am not sure if you would call mine an "upgrade" but recently Capital One on K-Mart accounts, decided to switch all of their members to dues paying. So a fee of about $5.00 per month is being added to the billing statements. Since the K-Mart stores are having financial problems, they have decided to make all their customers pay more.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Gas Rebate Credit Card Tips
Author: Board Monitor
Posted: Mon Apr 12, 2004 5:43 pm
Post subject: Gas Rebate Credit Card Tips Great article about gas rebate credit cards that might interest some of you that appeared in yesterday's Wall Street Journal. These cards are really popular now with gas prices soaring. The article mentions our website! http:// sunday.wsj.com/articles/SB108163257678979525.html Comments on this topic? _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Mon Apr 12, 2004 7:53 pm
Post subject: Gas Rebate Credit Card Tips It's truly amazing how the worm has turned in the gasoline credit card industry. Do you remember about 10-15 years ago the oil companies were charging a PREMIUM of up to 5 cents per gallon for those who had the audacity to use a credit card? The few companies like Sunoco and Shell which didn't charge extra cleaned up. Then came the great reordering when the companies advertised "cash or credit - same price." Now they're actually paying us to use our credit cards at the pump! Amazing! BTW, one slight error in the article. Very few cards limit their rebate to pay-at-the-pump purchases only. AAA does, but Shell does not, Exxon-Mobil does not. Not sure about other cards.
Author: Board Monitor
Posted: Thu May 06, 2004 4:53 pm
Post subject: Gas Rebate Credit Card Tips The article link above no longer works, but you can read our own article about this topic here: http:// www.cardratings.com/gasrebatecreditcard.html By the way, Ira is quoted in the article! _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
How to Deal with Credit Score After Identity Theft
Author: New Victim
Posted: Tue Aug 05, 2003 9:44 pm
Post subject: How to Deal with Credit Score After Identity Theft As of July 31st I found out that my SS# and other ID info has been stolen. In the month of June, someone has begun to open up at least four in-store credit accnts in my name. The listing on my credit report I cant figure out is GRDN/CBUSA. Any ideas or how I can find out? I would also greatly appreciate guidance in how to preserve my good (for now) credit now that someone is using it in at least four separate acts of fraud. I have already contacted the three national credit bureaus and instituted a fraud alert. Thanks much for your help.
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Author: Verne
Posted: Wed Aug 06, 2003 11:13 am
Post subject: How to Deal with Credit Score After Identity Theft You need to contact the Internet Fraud Center, a branch of the FBI. I don't have the web address handy but it's easy to find. There's an online complaint form for ID theft victims. Others to contact would include the FTC and law enforcement. A fraud alert on the Credit Report will not stop new lines of credit from being opened. It's really cosmetic. You should also pressure the creditors for copies of the forged credit applications. Law enforcement will need these to track them down.
Author: Guest
Posted: Wed Sep 03, 2003 2:26 pm
Post subject: How to Deal with Credit Score After Identity Theft I just got my credit report and ALSO have GRDN/CBUSA listed on there as well. I too have no idea who they are or how to contact them. Does anyone have a an 800 number to contact this credit card company? Apparently they have extended a large amount of credit to me, but I don't even know who they are!! Arrrghhhhh!
Author: HJM
Posted: Thu Sep 04, 2003 2:38 pm
Post subject: How to Deal with Credit Score After Identity Theft CBUSA stands for Citibank USA. I have a Home Depot credit card which isssued by Citibank. On the paper credit report, it lists as HOME DEPOT/MBGA; however, on Experian website, it lists as CBUSA.
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Author: Verne
Posted: Thu Sep 04, 2003 10:05 pm
Post subject: How to Deal with Credit Score After Identity Theft Thanks HJM, I thought the CB bit had something to do with Canada so I went off on a few goat trails up north. Any idea what the GRDN stands for? I guess this might be an abbrievation for a speciality Citibank card but it brings up nothing on the telemetry. Just some grizzlies, wearing Chase collars. Since more than one person has this GRDN charge, I consider it a serious threat and will now turn on my porch light. This is what I do at DEFCON 3. But seriously, if Citibank is connected to this, they probably arent' the problem but GRDN might be. Gotta get back to the trail. BAAAH!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card Acceptance
Author: Board Monitor
Posted: Tue May 04, 2004 7:49 am
Post subject: Credit Card AcceptanceThought some of you might find the following article of interest. It deals with the growing popularity of credit card acceptance among fast food establishments. The title of the article is "Burgers, Fries and a Side of Debt": http:// www.charlotte.com/mld/charlotte/business/8576307.htm Thoughts? _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Eugene
Posted: Tue May 04, 2004 3:58 pm
Post subject: Credit Card Acceptance Quote: Thoughts? "Bring it on! Rack those rebates up, baby!" - That's what I'm thinking. I wonder if fast food joints are considered "restaurants" in credit issuers' lingo. AmEx ran a promotion in April that gets you "double cash-back at restaurants".
Author: Guest
Posted: Tue May 04, 2004 8:40 pm
Post subject: Credit Card Acceptance Among Fast Food Establishments But not at QSR (quick service restaraunts). Either way, I signed on for that and ate out almost 12 times in April. More than usual, but amex "coerced" me into it by offering that
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Should Credit Cards Be Canceled If They Aren't in Use
Author: cmhanso
Posted: Mon May 03, 2004 8:40 pm
Post subject: Should Credit Cards Be Canceled If They Aren't in Use [b]Over the years we have opened a number of credits cards to get various promotional "goodies" and subsequently never use the cards again. In checking my credit report I have a number of cards shown as open that I do not have the cards for (cut up and threw away long ago) and cannot find any statements for them. All I have is the name of the institution and the last four numbers of the account Does anyone know how I can close these accounts with so little info??[/b]
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Author: mouse
Posted: Tue May 04, 2004 12:26 am
Post subject: Should Credit Cards Be Canceled If They Aren't in Use cmhanso wrote: Over the years we have opened a number of credits cards to get various promotional "goodies" and subsequently never use the cards again. In checking my credit report I have a number of cards shown as open that I do not have the cards for (cut up and threw away long ago) and cannot find any statements for them. All I have is the name of the institution and the last four numbers of the account Does anyone know how I can close these accounts with so little info?? Closing POSITIVE accounts can kill a F.I.C.O. SCORE so be real sure you want a LOWER F.I.C.O. SCORE If you contact the creditor with what is on the credit report that should be enough...if not...the CRA may help you with more information.
Author: Guest
Posted: Tue May 04, 2004 8:43 pm
Post subject: Should Credit Cards Be Canceled If They Aren't in Use If theres no annual fee why not keep it open and let history be your friend? All you have to do is charge one thing once every 2-3 months per card to keep it active and the fico gods will shower you with points each and every year their open
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Secured Business Credit Card
Author: Guest
Posted: Thu Apr 29, 2004 3:15 pm
Post subject: Secured Business Credit Card My daughter is involved in her own business which is transport of commodities (over the road trucking) and although her credit is not the best she needs a business credit line for a new business. Does there exist secured credit cards or lines for businesses? I am also interested in this question although my credit is AAA.
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Author: mselfemps
Posted: Sun May 02, 2004 9:24 am
Post subject: Secured Business Credit Card Wells Fargo has a secured business card. It even has a decent interest rate on the deposit
0% For Life Discover Credit Card
Author: outofgum
Posted: Tue Apr 20, 2004 9:49 pm
Post subject: 0% For Life Discover Credit Card I got an offer in the mail for the discover card with a 0% apr on balance transfers for life. The catch is that you have to make at least 2 purchases a month. Since any money paid goes to the lowest apr debt first, you pay debt on the purchases you make until you pay off the entire amount. For my question: Is there a minimum purchase amount? I read through the fine print carefully, but there's a chance that I missed something. It would be great if I could buy say... 2 packs of gum a month. I'd be paying ~$1.50 a year in interest... I could handle that. Any responses or advice would be appreciated. Thanks!
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Author: mouse
Posted: Wed Apr 21, 2004 12:49 am
Post subject: 0% For Life Discover Credit Card outofgum wrote: I got an offer in the mail for the discover card with a 0% apr on balance transfers for life. The catch is that you have to make at least 2 purchases a month. Since any money paid goes to the lowest apr debt first, you pay debt on the purchases you make until you pay off the entire amount. For my question: Is there a minimum purchase amount? I read through the fine print carefully, but there's a chance that I missed something. It would be great if I could buy say... 2 packs of gum a month. I'd be paying ~$1.50 a year in interest... I could handle that. Any responses or advice would be appreciated. Thanks! $1.00 or $2.00 min interest? Compounded with no payments against it At like 14%
Author: Board Monitor
Posted: Wed Apr 21, 2004 8:09 am
Post subject: 0% For Life Discover Credit Card Didn't know they were still sending this offers out! This has been going on for a year or so. Anyway, many consumers have used the strategy you are suggesting effectively. If you are transferring a rather large balance, your interest savings could be considerable. Let us know how it turns out. _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
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Author: outofgum
Posted: Wed Apr 21, 2004 12:23 pm
Post subject: 0% For Life Discover Credit Card Yeah, I guess I'll go for it. I got the offer about a month ago and its good till sometime in august. Its the platinum discover card. Hope I can still get it as I just applied and recieved a card, and American Express increased my credit limit... but they don't really report to the credit bureaus, right?
Credit Card Convenience Checks Review
Author: Chinga
Posted: Thu Apr 22, 2004 7:37 pm
Post subject: Credit Card Convenience Checks Review I've come to find out that some banks expressly do not accept them. So question is: which banks have no problem accepting them?
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Author: mouse
Posted: Fri Apr 23, 2004 6:21 pm
Post subject: Credit Card Convenience Checks Review Chinga wrote: I've come to find out that some banks expressly do not accept them. So question is: which banks have no problem accepting them? I have never had that problem, BUT I deposit them into my checking. My bank only has a HOLD if it is over $10,000 Some banks will do a BT into your checking...SAME AS CASH--NO HOLD
Author: marlboro
Posted: Fri Apr 23, 2004 11:29 pm
Post subject: Credit Card Convenience Checks Review with the cash advance apr on conveince checks normally i wouldn't suggest using them anyway. but you may have a good card so i don't know.
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Author: Polonius
Posted: Sun Apr 25, 2004 12:48 am
Post subject: Credit Card Convenience Checks Review If you run into this problem, present your actual credit card and ask for a cash advance. Nearly all banks will accept that if you have the right identification--and you'll usually pay the same interest and fees, unless you have a special offer available.
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Author: Guest
Posted: Sun Apr 25, 2004 8:59 pm
Post subject: Credit Card Convenience Checks Review I'd like to know which banks your referring to that won't accept a convenience check......I find it hard to believe a mid to large size bank would refuse it.
Author: Verne
Posted: Mon Apr 26, 2004 2:17 am
Post subject: Credit Card Convenience Checks Review Years ago, I had a local small bank view my convenience checks with suspicion. They put an extraordinary hold on it and said it wasn't really a check. Maybe that was small town prejudice. That was back in the day of 19.9 interest and huge fees. Back in the "slept on the hay barge and crawled to the bank" days.
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Paying Off a Credit Card Balance
Author: Guest
Posted: Thu Apr 01, 2004 10:15 am
Post subject: Paying Off a Credit Card Balance My credit history is short (1 year). I recently charged a large amount ($5000) on one of my credit cards. I have the money to pay off the entire amount, but would like the pay off to look good on my credit history/report/score. Would it be better to pay off the entire amount in one go, or to pay it off in smaller chunks (like $2000) over 2-3 months? I apologize if a question of this sort has already been anwered in this forum.
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Author: meto
Posted: Thu Apr 01, 2004 11:49 am
Post subject: Paying Off a Credit Card Balance you need a payment history of at least 6 to 12 months.
Author: debtlesson
Posted: Thu Apr 01, 2004 1:54 pm
Post subject: Paying Off a Credit Card Balance You are very smart to be thinking about your scores and how they will effect you in the future. I have very strong feelings in this area. I am an investor (strong in real estate) and the amount of people that I personally speak with that have credit scores that have taken hits, is unbelievable. Everyone is so worried about the "here and now" that they completely blow there future. I joined a team that helps people get there debt under control and on to financial freedom. I even have a few websites that I tell these people to check out QUITDEBT.NET , QUITDEBT.BIZ ,OURDEBT.NET . The help they get there has made me a lot of sales on my single family homes. I have always been one for helping others when I can, and one way or another, I seem to profit from it.
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Author: Eugene
Posted: Thu Apr 01, 2004 5:29 pm
Post subject: Paying Off a Credit Card Balance You build credit equally well, whether you pay off in full or carry a balance. If you have the money, just pay it all off.
No Fee Airline Miles Credit Card Tips
Author: irwinp29
Posted: Sat Apr 17, 2004 5:03 pm
Post subject: No Fee Airline Miles Credit Card Tips does anyone know of any air miles credit cards that charge no annual fee/ irwinp29
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Author: mouse
Posted: Sat Apr 17, 2004 8:57 pm
Post subject: No Fee Airline Miles Credit Card Tips irwinp29 wrote: does anyone know of any air miles credit cards that charge no annual fee/ irwinp29 YES but you only get 1 mile for every $2 spent UNITED VISA AMEX DELTA You save $55 or $60 or $85 DELTA/UNITED and LOSE 10,000 or 15,000 miles
Author: Eugene
Posted: Sat Apr 17, 2004 9:38 pm
Post subject: No Fee Airline Miles Credit Card Tips The bank where I have my primary checking account offers an airline card with no annual fee and overall rather amazing terms, but it is offered by invitation only, only if and at the time when you open a deposit account with them, and only to seriously qualified customers. What that means exactly I do not know, even after calling them and trying to find out. It's a very strange business model, but they admit they generally do not specialize in loans, so they feel they can cherry-pick whoever they like while doing their main business of deposit accounts. See http:// umbrellabank.com/credit_cards/credit_cards.asp for details.
Merril Lynch Credit Card Review
Author: Guest
Posted: Tue Apr 20, 2004 5:10 pm
Post subject: Merril Lynch Credit Card Review Merrill Visa card from MBNA with British Airline and The Ritz-Carlton rewards. 5.90% fixed APR on purchases. For more info http:// www.card.ml.com/
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Defaulting on a Credit Card Account
Author: Brian
Posted: Sat Apr 17, 2004 4:26 pm
Post subject: Defaulting on a Credit Card Account Five years ago I filed for bankruptcy and included my Citibank, Amex and MBNA accounts in the filing. Yet, I now get solicitations in the mail from these same companies that I have been preapproved or pre-selected. Has anyone ever defaulted on an account and was later approved for a new account? If so, with whom and how long after the default?
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Author: NightStar
Posted: Sat Apr 17, 2004 7:20 pm
Post subject: Defaulting on a Credit Card Account American Express definitely black lists consumers having included them prior in bankruptcy - they do keep their records. Maybe 15 - 20 years down the line, but I would not hold my breath on that one. The other two I don't know about,
Author: Guest
Posted: Sun Apr 18, 2004 3:09 pm
Post subject: Defaulting on a Credit Card Account Preapproved and preselected really mean nothing. Your really just applying for the card. I can tell you this much however 1) Amex, you can forget about it, no way in ***** will you get in again unless you pay back what you owe, once you pay it back, you can get in again after 1 year. 2) MBNA, highly doubtful you'll be approved until that BK falls off. Good news however is that you can get in again, but you'll start with a low CL to start. 3) Citi, well lets say that they do definately blacklist and if your on it, don't even waste your time and the inquiry until its been about 10 years since you IIB citi.
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Credit Card For Community College Students
Author: Miayfelix
Posted: Thu Apr 15, 2004 11:59 pm
Post subject: Credit Card For Community College Students I am 18 and attending a communty college. No credit, want to establish credit but student cards are ONLY FOR 4 year institutioNS. What are my options?
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Author: marlboro
Posted: Fri Apr 16, 2004 2:40 am
Post subject: Credit Card For Community College Students Aspire visa. if you get one of the $300 credit line offers though, steer clear of it like an open sore covered herpes victim. (i just had to say it) seriously though any card with no annual fee or other fees will work, i would ask your bank that you use about their card personally. as long as you pay the balance every month you make a purchase the apr doesn't matter, even if its 29%. after proving you are a good customer, they will start offering credit line increases and apr reductions.
How to Delete Credit Card Inquiries
Author: Fehercica*
Posted: Thu Apr 01, 2004 7:32 pm
Post subject: How to Delete Credit Card Inquiries I have read a question by Guest, Sam about strategies to delete inquiries. The question was great interest to me because Am.Ex. lowered my Credit Limit by $2,000. One of the reasons mentioned; too many inquiries. I could never understand how someone elses action has effect on my credit ratings. But I found most interesting Nightstar's reply.I quote just a fragment of her reply."If you did not authorize them then dispute by all means." Nightstar: Would you elaborate on this a little more. I don't believe that any one of us would authorize unwanted inquiries. We don't even have knowlege about them. How to prove it that it was not authorized, and how to dispute it?
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Author: NightStar
Posted: Fri Apr 02, 2004 7:49 am
Post subject: How to Delete Credit Card Inquiries You don't have to prove anything, just write to the credit reporting agency which is showing the inquiries and tell them that you want them removed because you did not authorize them. Just be sure to list the name as it is shown on the credit report & the date of the inquiry being made. Further you can write a letter to the creditor who made the inquiry and tell them that you want them to prove to you that they had authorization to pull your credit report otherwise remove this from the credit report. There is only one exception to this rule, if it was a collection agency making the inquiry then they had permissible purpose without having to have your authorization (since a debt is due) they can pull a credit report for collection efforts. You can still try to dispute these, but likly you will wake up the collection agency that caused the inquiry if you have not heard from them at this point. Another thing is that the CRAs try to say it is just a matter of fact and should remain on the credit report, don't stand for this, if you know you are right that these need to be removed then file complaint with the FTC.
Author: Fehercica/Guest
Posted: Fri Apr 02, 2004 9:21 pm
Post subject: How to Delete Credit Inquiries I was under the impression that creditors did have the right inquire about our credit standing to protect themselves from making bad investment by giving higher credit than the costumer can handle. Is there any place I can find my rights to have these inquiries deleted?
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Author: NightStar
Posted: Fri Apr 02, 2004 9:45 pm
Post subject: How to Delete Credit Card Inquiries If you apply for credit, the creditor must 1st get your authorization verbally or in writing before doing so. For further information you can check out www.ftc.gov look under the site map for Fair Credit Reporting Act - it will be section 604 permissible purpose for this information.
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College Savings Credit Cards
Author: ATB
Posted: Wed Apr 07, 2004 2:34 pm
Post subject: College Savings Credit Cards The article that was recently written on college savings with a credit card was great. The only issue was that the artilcle left out a new program. The program is called futuretrust. You can earn college savings on your every day purchases as well as additional savings with their merchant network. Vist www.futuretrust.com.
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Author: Board Monitor
Posted: Sat Apr 10, 2004 9:58 am
Post subject: College Savings Credit Cards Thanks for complement and for pointing this out! For those of you who haven't read the article and are interested, the article can be found at: http:// www.cardratings.com/529creditcardrewardsarticle.html_________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
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Union Plus Credit Card Review
Author: Friend
Posted: Tue Mar 30, 2004 11:17 pm
Post subject: Union Plus Credit Card Review I've read on this board and several others that one of the best cared for reestablishing credit is Union Plus. What If a person is not in a Union? I've read that you can just post in whatever info you like, and it really is all determined by your credit and not by your union membership - or lack thereof. Can anyone tell me if this is true?
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Author: Ira
Posted: Tue Apr 06, 2004 1:25 am
Post subject: Union Plus Credit Card Review It seems to be for Union members only. Here's the web site: http:// www.unionpriv.org/benefits/money/card.cfm BTW, it took me 30 seconds to find this using a Google search. Whenever you have a question like this, the easiest thing is to enter the name in Google. You'll get your information faster and easier. Just a little hint.
Author: Services
Posted: Fri Apr 09, 2004 2:39 pm
Post subject: Union Plus Credit Card Review Why dont you just apply and find out, if they will accept you somtimes credit card companies want your business that bad... I am in the union and have that card applied at this website http://www.creditcardsapply.com
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How to Get Name Off Joint Credit Card Account
Author: SeS
Posted: Tue Apr 06, 2004 8:21 pm
Post subject: How to Get Name Off Joint Credit Card Account To make a long story short, last year the women I was living with and dating opened up a new credit card account. She informed me that she made me an authorized user, without my consent. The card was activated but never used by me. We have since parted ways and the card was destroyed. I have asked her by E-mail to remove me from the account, I received no response. Today I did a credit check and noticed the account on my report, and with a rather large balance ($2,400). Her current address is also listed as a previous address of mine, which it is not. At this point im not even sure if I am only an authorized user or if it's a joint account. The account is near max, but at least she has kept up on the payments. All I know about the card is from the report: HHLD BANK and the last 4 digits of the account #. Searching your board I have found this is probably House Hold Bank with a phone # 800-695-6950. How can I find out more about this account? I have zero contact with my ex-girlfriend and do not think she will cooperate in any way. I want this off my credit report and I want NO responsiblity for a $2400 debt I had nothing to do with. I do not know what steps to take to do this. I am very worried about this card, she is not a financially responsible person. If anybody could advise me as what I should do I would greatly appreciate it. Thank you for your time.
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Author: NightStar
Posted: Wed Apr 07, 2004 7:21 am
Post subject: How to Get Name Off Joint Credit Card Account First of all, you will be no way responsible for this debt since it is only authorized user - so you have no worries on that part. Second, you will want to write to the credit reproting agencies and dispute that you did not give authorization to be added to this account and want it removed off of your credit report. Also inform the credit reporting agencies that the address needs to be removed, since you have never lived at the address. If it comes back verified, then you will want to ask the credit reporting agencies to provide you with the address of the creditor so that you can write to HouseHold Bank directly to request the relationship on the account be terminated. When sending correspondence be sure to make it certified, return reciept requested. Keep copies of all letters sent to the credit reproting agency as well as the creditor.
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Lowest APR Credit Card
Authro: Guest
Posted: Thu Apr 01, 2004 5:53 am
Post subject: Lowest APR Credit Card Hi folk, I hope you guys might be interested MBNA's Reward card with lowest APR ever ( 5.99%APR). https://wwwn.applyonlinenow.com/USapp/Ctl/redirect?CV_sourceCode=UAE3
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Author: Ira
Posted: Tue Apr 06, 2004 1:37 am
Post subject: Lowest APR Credit Card Your URL sends me to an application for an Amtrak card. In any event, 5.99 is hardly the lowest rate ever. 0% is the lowest ever and is offered by numerous banks as an intro rate for up to 15 months. Of course some are effectively negative APRs when you consider the cash rebates offered. For instance I get a 5% cash rebate on gas purchases on my AAA Financial Services card. I pay it off every month in full. That's an equivilent APR of negative 60%!!
Author: Guest
Posted: Tue Apr 06, 2004 2:12 am
Post subject: Lowest APR Credit Card Ira, you can hardly find 5.99% fixed APR cards on the internet. I have never seen 5.99% APR cards with rewards on the net. Reward cards usually come with higher APR. If you plan to carry the balance, I think Amtrak card is better than 0% intro cards.
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Using Two Credit Cards for One Purchase
Author: Art
Posted: Thu Jul 24, 2003 9:23 am
Post subject: Using Two Credit Cards for One Purchase Has anyone tried to use their Safeway Club card which is supposed to give a 3 cent per gallon discount at Safeway Gas Stations along with either the AAA gas Mastercard or the Chase Freedom card? In other words, do you get both discounts? I just signed up for the Safeway card, and wonder how this 'double-dipping' might work (or not work).
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Author: Guest
Posted: Sun Jul 27, 2003 11:25 pm
Post subject: Using Two Credit Cards for One Purchase I'm not clear on this but it sounds as if you're trying to use two cards for the same transaction. I seriously doubt this is possible, but try it - it might work.
Author: mouse
Posted: Sun Jul 27, 2003 11:54 pm
Post subject: Using Two Credit Cards for One Purchase WHY NOT??? I do it all the time!!! SAFEWAY CARD 3 cents off...use UNITED VISA get 1 mile/$1.00
Author: Guest
Posted: Fri Apr 02, 2004 1:24 pm
Post subject: Using Two Credit Cards for One Purchase I also do it frequently. The Safeway Card (used like you use it for grocery discounts) discounts the price. Then you pay with whatever form of payment you like. If that card (like my AAA Visa) gives a discount or cash back on gas purchases, you get both.
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Interest on Credit Card Charge Offs
Author: guest5555
Posted: Thu Jan 08, 2004 8:19 pm
Post subject: Interest on Credit Card Charge Offs I just want to know if a credit card company can keep charging you interest wants the card has been charged off.
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Author: NightStar
Posted: Wed Mar 31, 2004 9:17 am
Post subject: Interest on Credit Card Charge Offs No, they can't charge interest, late fees, over the limit fees... But they may have it in their contract to charge collection fees.
Author: ChrisMCA
Posted: Thu Apr 01, 2004 11:51 am
Post subject: Interest on Credit Card Charge Offs Yes, a creditor can charge the annual percentage rate if the account is charged off. If the account goes to a collection agency and is charged off the new creditor can charge fees
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Surcharges on Foreign Credit Card Purchases
Author: henrytow
Posted: Wed Mar 10, 2004 9:44 am
Post subject: Surcharges on Foreign Credit Card Purchases I travel a lot, and am tired of paying the 3% surcharge on all of my non-dollar charges. The British Air VISA card used to charge only 1% but it is now up to 3% like the others that I know about. Is there a way to avoid or at least to lessen the surcharge when I charge in euros or pounds?
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Author: Ira
Posted: Thu Mar 11, 2004 8:47 pm
Post subject: Surcharges on Foreign Credit Card Purchases Yeah, there's one way, if you can pull it off: obtain a foreign credit card. You might even want to establish a European bank account. That would enable you to pay in Euros. If you had a European card you could also pay it off in dollars.
Author: Guest
Posted: Sat Mar 13, 2004 11:08 pm
Post subject: Surcharges on Foreign Credit Card Purchases Some AMEX cards don't charge a foreign use charge. I use mine out of the US for that reason.
Tips on Applying for a Credit Card Balance Transfer Offer
Author: Guest
Posted: Wed Mar 31, 2004 3:59 pm
Post subject: Tips on Applying for a Credit Card Balance Transfer Offer Hi, need advice on weather to even apply for a 0% BT if i'm almost max on AT&T MC @ 27k. I also have 2-30 day lates,5 & 9-'99 and 2 more on 2-'03. I have read that one rule is never app for platinum cc if there are negs on your CR & anything else that would cause them to decline you. Any advise?
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Author: NightStar
Posted: Wed Mar 31, 2004 4:46 pm
Post subject: Tips on Applying for a Credit Card Balance Transfer Offer Would suggest holding off long enough to send a good will letter to the creditors you had the lates with asking if they will help you in this matter and remove (forgive) the late listings. A good site for this is www.planetfeedback.com On the other, you may be right that the utilization affects your approval with the next creditor. Do you have any other credit cards besides this one? Do you have any inquiries on your credit report in the last 2 years? You might want to move carefully if you already have a few added up. If you have a bit of time, try to work on getting the past lates removed before you apply for new credit.
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Author: Guest
Posted: Wed Mar 31, 2004 5:09 pm
Post subject: Tips on Applying for a Credit Card Balance Transfer Offer Hi NightStar, I never knew it was possible to get lates forgiven and removed, i'll try. I have a four inquiries, 3 are up later on this year. Are they still considered neg if they are for current credit apps that were accepted like my car loan,gas card and gas utility? I have a couple of retailer CCs like Sears & an Irving gas CC that (one of the inquiries) notified me that they're discontinuing having a CC. I've waited a long time as it is and really need the interest savings to start lowering the principal. I need a plan, it seems like one step foward, two steps back. Thanks
Author: NightStar
Posted: Wed Mar 31, 2004 11:00 pm
Post subject: Tips on Applying for a Credit Card Balance Transfer Offer With good will, you start out conveying your appologies for the lates, explain a bit about why this happened, like illness, loss of work, family crisis. Point out to them that since then you have taken steps to insure this won't happen again, and if they could please reconsider reporting the lates, that you will be applying soon for a loan and that this is hurting your chances at approval if they could help you by removing the lates. You are pretty good on the inquiries, to only have one this year. Just going to be a matter of picking carefully which creditor you want to apply for credit with. You want to space out applications for credit, keep to a minimum as much as possible. It is terrible these days, the trivial things which a creditor will hold you to on interest and approval. Personally we have had fair dealings with Citi Bank, not for myself, but I notice my DH gets upper credit limit & increases. Just recently I got a 9 month 0% interest account with them, but always low credit limits for me. I don't consider Citi Bank to be a long term creditor (too easy for them to find reasons to increase the credit limit) but find them to be a avarage creditor to getting approved. Others may have better ideas on deals check on.
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Can a Payment Be Made on a Charge Off Account
Author: Guest
Posted: Mon Mar 29, 2004 5:43 pm
Post subject: Can a Payment Be Made on a Charge Off Account I have an account that has been charged off since 2002. 11 months ago I stopped paying on it, but last month I sent them a payment. Only because I wanted to pay it off. This month I found out that I am ill and won't be able to work for a good while. Now, I can't continue to pay them. I sent them a settlement letter today. My question is because I paid them last month will they accept my settlement offer? Did I re-age my account by making a payment last month? Also, I live in SC what is my SOL status since I made a recent payment? Could someone help me out because I need some answers.
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Author: NightStar
Posted: Mon Mar 29, 2004 6:50 pm
Post subject: Can a Payment Be Made on a Charge Off Account South Carolina is 3 years SOL, have to check your state but for the most part paying after charge off does not restart the SOL if unless you signed a new agreement with the collection agency / creditor. Some states may over rule this, I can't say for sure. Be a good idea to contact your local states attorney, see if they can answer this or point you in the right direction. You can always work at settling on the debt, just be sure you get it in writing that they consider the matter closed and won't be selling the debt to any other collection agency.
Best 0% Balance Transfer Credit Card
Author: Guest Posted: Thu Mar 18, 2004 12:29 pm Post subject: Best 0% Balance Transfer Credit Card Any advice on finding out which 0% bal transfer card is best? Any favorites? Thanks
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Author: Ira
Posted: Sat Mar 20, 2004 3:40 am
Post subject: Best 0% Balance Transfer Credit Card The one which will give you the highest credit limit and extend the zero balance, zero transfer fee for the longest period of time. The "best" card will vary from person to person and depends on your individual circumstances.
Author: RASCA1
Posted: Sun Mar 28, 2004 8:43 pm
Post subject: Best 0% Balance Transfer Credit Card Discover 0% balance transfer good for life. the catch? you must make one purchase a month......i used it for a 20,000 balance transfer discover charges me 50 cents a month!....tha's 6 dollars a year until i pay it off.....if you are lucky enough to get this offer jump on it
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Never Activating Credit Card
Author: MouZZ
Posted: Thu Mar 25, 2004 2:50 pm
Post subject: Never Activating Credit Card What happens if I don't activate my card for a long time? Do some companies kill the card then?
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Author: NightStar
Posted: Fri Mar 26, 2004 10:18 am
Post subject: Never Activating Credit Card May very well be possible that they only give so much time to see activation then they cancel the account. What is your situation, are you sitting on one of these now, that you have been delaying activation then?
Author: Ira
Posted: Sat Mar 27, 2004 2:54 am
Post subject: Never Activating Credit Card If you don't activate your card within a reasonable time frame you will hear from the bank's security department. They want to make sure you actually received the card and that it wasn't stolen. If you didn't receive it they will cancel it and reissue a new one.
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Aspire Visa Credit Card Account Tips
Author: philip
Posted: Fri Oct 24, 2003 5:52 pm
Post subject: Aspire Visa Credit Card Account Tips hi guys, today i got a letter from aspire visa letting me know that my account was closed due to inactivity. there was no balance on this account which was my first major card and was issued to me in 2001. i used it as a "stepping stone" card to in order to establish some credit since i am young. payments were always paid in full and on time. it really doesn't matter to me that the card was closed since i never planned to use it again and use my BOA visa almost exclusively, plus, i have a discover card just as a backup. my problem is, how is this going to look on my credit report? does having an account closed due to inactivity look bad? i'm not planning on making any large puchases like a home or a car anytime soon, perhaps, a new car in about a year and a half. should i call and ask what is going to be reported to the credit bureaus and also should i maybe inquire about having my account reopened just to get the $6000 limit back? from the 3 major cards i mentioned there was about a $16,000 limit total and i carry $4000 on the BOA visa so as you can see the ratio isn't looking so good. any advice would be appreciated!
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Author: Ira
Posted: Fri Oct 24, 2003 11:24 pm
Post subject: Aspire Visa Credit Card Account Tips As far as I know your report will show account closed by card issuer, which is more negative than positive, but still not bad. I wouldn't worry about it, but next time be proactive and ask the card issuer to close the account. Your report will then show account closed by borrower which is somewhat more positive.
Author: Aisha
Posted: Sun Oct 26, 2003 8:18 pm
Post subject: Aspire Visa Credit Card Account Tips As long as you were never late and paid as agreed it won't hurt too bad. Better to have you close it. Why Aspire---not a very reputable place. Write a statement to the CRA's saying (if it has zero balance) you told them to close it and thought they had until you got this letter. Dispute that it was you who closed it.
Author: philip
Posted: Mon Oct 27, 2003 11:12 am
Post subject: Aspire Visa Credit Card Account Tips thanks for your replies, ira and aisha. i'm going to order my reports online and try the dispute angle... i had planned to close the account next year. i only kept it open to have it as an established card. i just should have used it every once in a while. at least i now know what to do in the future about my cards.
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Author: karna68
Posted: Tue Oct 28, 2003 8:16 am
Post subject: Aspire Visa Credit Card Account Tips Or to keep the card active just make a small purchase on it once a month, like a tank of gas and pay it off once you get the statement.
Strategies for Deleting Credit Card Inquiries
Author: sam Posted: Fri Mar 26, 2004 7:08 am Post subject: Strategies for deleting Inquiries Anyone want to share strategies for deleting inquiries. Recently, I went auto shopping and the dealer and banks slapped like 8 EFX inquiries on me when the dealer told me it was just going to be one, and that they would just fax the EFX report to the banks. All the banks pulled an additional EFX report the same day. Although EFX says all the auto inquiries count as one, I was denied a personal loan due to excessive inquiries shortly after. Credit Guru Deletion Strategies Please!
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Author: NightStar
Posted: Fri Mar 26, 2004 10:44 am
Post subject: Strategies for Deleting Credit Card Inquiries It is all trial & error when disputing inquiries. Sometimes calling in disputes will get you there, sometimes you have to mix it up with writing in dispute or disputing on line. I have not disputed inquiries with Equifax, but I have terrible luck so far with TransUnion (keep trying online) and they keep sending me a letter saying that it is just a matter of fact and that they won't investigate. Don't settle for that though, because inquiries do affect the credit scoring and if you did not authorize then dispute by all means.
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Increase in Credit Card Limit from GM
Author: creditinc Posted: Fri Mar 26, 2004 7:03 am Post subject: GM Card Credit Line Increases Can people please share their "increase" history with GM. Has anyone got an increase in less than 6 months and what type of increases are people seeing?
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Author: Verne
Posted: Fri Mar 26, 2004 8:42 am
Post subject: Increase in Credit Card Limit from GM In less than 5 years, GM increased my limit from $6,000 to $14,000, usually in increments of $2,000 or $3,000 while other card companies were changing terms (repricing) and putting the squeeze on me. I never asked for an increase and think I saw the first one after a year or so.
Difference Between Visa and Mastercard
Author: Akhila
Posted: Fri Mar 26, 2004 2:04 am
Post subject: Difference between VISA and Mastercard Could you please provide me the difference between VISA and Mastercard operations. Request you to please provide me more information regarding Visa and MAstercard.
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Author: Guest
Posted: Fri Mar 26, 2004 3:33 am
Post subject: Difference Between Visa and Mastercard For more info please go to http://www.usa.visa.com/?country=us&ep=v_gg_new and http://www.mastercard.com/mcweb/Home.do 24 hours customer service. Operators are waiting you!!!!!!!!!!!!!!
Authro: Verne
Posted: Fri Mar 26, 2004 8:13 am
Post subject: Difference Between Visa and Mastercard This morning, while checking out a credit card processor, I encountered this striking difference between Visa and all the others: "Visa regulations require that all sponsored merchants who wish to process transactions through the VISA network pay an initial registration fee of $750 and an annual fee of $375. If you choose not to pay the Visa fee, you will still be able to process MasterCard, JCB, Discover, American Express, online check, and Web900 transactions. We highly recommend that you do accept Visa, as 70% of our consumer credit card transactions are through the Visa network. VISA has created a new category of service provider considered to be "high risk" Internet Payment Service Provider's or IPSP's. An IPSP is an online entity that enters into a contract with an Acquirer (Merchant Bank) to shoulder financial responsibility and liability for "high risk" Merchant Accounts, by which registered Sponsored Merchants (ex: Website Owners) are allowed to process and settle Internet transactions. What type of Sponsored Merchant Websites fall into VISA's "high risk" IPSP Category for processing? VISA considers any downloadable, Digital Internet transaction, or Merchant Category Code 5967, as a "high risk" IPSP and Sponsored Merchant transaction." I think this is good in that Visa is clamping down on fly-by-night processors and internet merchants. With a $750 initial registration fee and a close watch on charge-backs and other signs of fraud for each account, scamsters will think twice. I've noticed, too, that an online Visa purschase usually involves more fraud protection, requiring the customer to provide the 3 digit code on the back of the credit card, etc... Processors know that Visa will close them down if there are signs of fraud. This in turn filters down to the merchants. Having been burned a few times by online fraud, both from the processor and merchant, I welcome more security. I'm going with Visa from now on.
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Chase Perfect Credit Card Review
Bank Direct Platinum Miles Visa Credit Card Review
Author: Guest
Posted: Thu Mar 25, 2004 6:25 pm
Post subject: Bank Direct Platinum Miles Visa Credit Card Review I'm thinking about applying for this card. I'm a little tentative about giving my information to a bank I know little about. Is Bank Direct an upstanding creditable bank?
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Can't Make Minimun Credit Card Payments
Author: Guest
Posted: Wed Mar 24, 2004 7:31 pm
Post subject: Can't Make Minimun Credit Card Payments I lost my job. Now I can't make minimum monthly payments on my 3 credit card accounts. What will happen to my credit if I make deals with the Banks to pay small fixed monthly payments.
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Author: NightStar
Posted: Thu Mar 25, 2004 9:45 am
Post subject: Can't Make Minimun Credit Card Payments If you negotiate with the creditors - ask for them to give hardship, to freeze the interest say for 6 months and still try to pay what you can. Problem here is that they don't have to work with you on this if they don't want to, and all the while you are out of work and unable to pay, this can really snowball on the damage being done. Like late fees, over the limit fees, defaulted interest rate being added. If you go 6 months without making payments on the account it will charge off, but if you pay prior to that and can't bring the account current again, you will only hurt yourself worse by extending the charge off period to greater then 6 months. Keep up your communications with the creditors by all means, let them know where you are what you are able to pay, and try your best, it may make all the difference how they respond to you. But if you know this is not possible, it might be best to leave off and let it charge off then come back and settle for the best possible reporting (like say they close the account and remove from the credit report, or they least show paid in full even if you settle for less). It is going to be hard to say for any one persons situation to know what is the right move here, just be as informed as you can on what charges and consequences are taking place as you go.
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Best Way to Settle On a Credit Card Account
Author: Please Answer
Posted: Wed Mar 24, 2004 4:55 pm
Post subject: Best Way to Settle On a Credit Card Account After sending a certified letter to a creditor requesting a settlement, how long should I wait for them to respond? I sent a request yesterday 3/23/04, so should I contact them in a couple of weeks to see if they got it...I don't know what I should do next...Please Help.
Author: meto
Posted: Wed Mar 24, 2004 6:36 pm
Post subject: Best Way to Settle On a Credit Card Account Please Answer wrote: After sending a certified letter to a creditor requesting a settlement, how long should I wait for them to respond? I sent a request yesterday 3/23/04, so should I contact them in a couple of weeks to see if they got it...I don't know what I should do next...Please Help. What kind of creditor?
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Author: Please Answer
Posted: Wed Mar 24, 2004 7:10 pm
Post subject: Best Way to Settle On a Credit Card Account It's now a Citibank credit card. But, the orignal bank was Associates National Bank (Delaware).
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NightStar
Posted: Thu Mar 25, 2004 9:38 am
Post subject: Best Way to Settle On a Credit Card Account I would venture to guess 2 weeks to hear back from them, then if not send out a second letter to them. Best of wishes with this,
How to Get a Credit Card for Another Person
Author: pureh2oman
Posted: Wed Mar 24, 2004 1:21 pm
Post subject: How to Get a Credit Card for Another Person i want to help my brother out by getting a card in my name he can use. what is the best way to do this? He just went thru a bankruptcy
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Author: NightStar
Posted: Thu Mar 25, 2004 9:33 am
Post subject: How to Get a Credit Card for Another Person Add him as an authorized user - this makes you solely responsible for the balance on the account, but it gets added to his credit report & allows him to use the account if need be. Or if you just want him to benefit from the reporting, and not the usuage you can just ask for the card back and it will still show on his credit report that you added him, cause if he runs this up, like I said you will be the responsible party to pay. Other ideas is to go to a local credit union or bank and co-sign on an installment loan with him, then both of you will be responsible for paying this account back. If that is the case I would suggest duplicate billing sent to both his and your address. Also recommend just putting the money into a savings account and having the bank deduct payments from there. He can also try for a secured loan doing the same thing, putting the money into a savings account and using it to pay back the loan. There are plenty of opportunities here with the types of accounts used, like CD accounts - would need to talk more with the banker to see what you can do, and what interest can be earned.
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Credit Card Account Closed at Grantor's Request
Author: Guest
Posted: Mon Mar 22, 2004 1:35 pm
Post subject: Credit Card Account Closed at Grantor's Request I have several accounts that I just paid off that states "Account closed at credit grantor's request. " Is this considered a negative comment?
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Author: Guest
Posted: Mon Mar 22, 2004 3:38 pm
Post subject: Credit Card Account Closed at Grantor's Request YES
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Author: Verne
Posted: Mon Mar 22, 2004 3:51 pm
Post subject: Credit Card Account Closed at Grantor's Request I have the, "Account closed at credit grantor's request" remark next to one of my old closed accounts. (a mistake I never cleared up) As far as I can tell it hasn't had an impact on my credit score. All three CRA's have always given me a clean bill of health: no negative information or derogatories. Perhaps it does have some subtle effect that I haven't been able to detect. Actually I haven't looked for the "subtle effect" so I guess detecting it may prove difficult. I once intended to look for it but a liverwurst sandwich distracted me. If you order a free report or subscribe to equifax.com, experian.com or privacyguard, look for your score analysis. If "closed by credit grantor" is a negative mark it should show up there under negative factors influencing your score. Equifax, experian and privacy guard all have trial offers. I prefer Privacy Guard for an overall look but if you get into serious disputing you may want to subscribe to equifax's "Credit Watch". But regardless of the impact on the score, I'm sure at least some creditors may notice "closed by grantor" next to several accounts. I'm not sure how closely they look at comments but this would obviously be a red flag to a potential creditor - especially if it pertains to several accounts.
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Why Do Credit Card Companies Sell Accounts
Author: ET
Posted: Sat Mar 20, 2004 10:10 am
Post subject: Why Do Credit Card Companies Sell Accounts Why do banks buy credit card accounts from other banks or why do banks sell credit card accounts to other banks, particularly accounts that are in good standing?
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Author: NightStar
Posted: Sat Mar 20, 2004 11:34 am
Post subject: Why Do Credit Card Companies Sell Accounts Well my best guess would be that one lender views it as an investment, buy cheap and charge higher interest rates & fees to make more money in the future off of the customers.
MBNA Platinum Credit Card Consumer Review
Author: Dennis
Posted: Thu Mar 18, 2004 10:19 pm
Post subject: MBNA Platinum Credit Card Consumer Review Hi everyone. I applied MBNA World Points card and got it today. They gave me a huge credit limit $1000. But the APR is pretty good. 5.99% fixed APR on purchases. I have never seen this card, MBNA World Points Platinum Plus, in their website. A mix card from World Points and Platinum Plus. Anyway, I hope that they won't jack up my APR later.
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Author: Ira
Posted: Sat Mar 20, 2004 4:31 am
Post subject: MBNA Platinum Credit Card Consumer Review Don't give them a reason to do so. Pay all (and I mean ALL) your bills on time and you'll never have a problem. Remember YOU control THEM. It's not the other way around., but you have to follow the simple rule of paying on time to exert that control.
Target Visa Credit Card Consumer Warning
Author: creditinc
Posted: Sat Feb 07, 2004 10:29 pm
Post subject: Target Visa Credit Card Consumer Warning I recently applied for a Target Visa knowing they would pull my EQX 742 and what do you know? I was declined and optioned for a Target Guest Card with a whopping $200 credit line. They told me my credit score didn't mean anything and I didn't hit the metrics they were looking for. I have a perfect historyt with no late payments or derogs. The only downside is I have low limits, 300 and 500 on my revolving lines. This is just a warning for people considering this card. If you look at the Yahoo whopulledmycredit models, you will see that others with 700+ scores have been turned down for this card. Don't waste a good inquiry on this card! I furiously declined the $200 Guest Card Anyone else have any adverse experiances with Target?
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Author: Guest
Posted: Sat Feb 07, 2004 10:50 pm
Post subject: Target Visa Credit Card Consumer Warning Target sucks. I applied their cards and got rejected with stupid reasons like too many inquries, too many accounts, etc. My credit is excellent and have no late payment, no high balance, no max out. Even AmEx approved me three credit cards. I like shopping at Target but their credit rejection is really a pain for me. I will never apply their card again.
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Author: Peachkiwi
Posted: Mon Feb 09, 2004 10:41 am
Post subject: Target Visa Credit Card Consumer Warning The customer service at Retailers National Bank is not as accomodating as one would expect. I've had their visa since 2000. Initially, I was given the guest card which was automatically upgraded to the visa upon availability. I got the highest APR they offered, which understandably, I expected. Over the past few years, however, my credit had improved remarkably! (no lates, low utilization, etc.). About 1.5 years later I requested a rate reduction, they lowered it to about 15.9%. It wasn't what I expected because my history with them had been flawless and other companies had already given me better APR's. I called on 2 separate occasions (6 months apart), got approved for a cl increase of $1500 and was denied for a rate reduction, respectively. The ending of last year, I called to cancel the visa. The best they could offer me in keeping the account open was 12.9%. Incidently, the lowest rate they currently offer is 9.9% I proceeded and closed the account! Mind you, at around the same time, I called Nordsrom for a rate reduction. They lowered my APR from approx 19.9% to 7.9% within 6 months of upgrading to a visa!
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Infrequently Used Credit Card Tips
Author: Fran
Posted: Wed Mar 10, 2004 6:25 pm
Post subject: Infrequently Used Credit Card Tips Is it stupid to carry around credit cards that you don't use on a regular basis, like a Visa? I use two others regularly, AMEX and Mastercard. I know that they have a "Zero Liability" policy. I only use this card maybe twice a year. Should I leave it at home, if I don't use it regularly, or is it better to be prepared with all three cards?
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Author: Guest
Posted: Thu Mar 11, 2004 11:59 am
Post subject: Infrequently Used Credit Card Tips I carry 2 0r 3 & leave the rest at home.
Author: Guest
Posted: Thu Mar 11, 2004 10:05 pm
Post subject: Infrequently Used Credit Card Tips Keep all your cards at home, if it is possible. Carrying many credit cards are the big temptation to spending spree.
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Author: Ira
Posted: Sat Mar 13, 2004 5:39 am
Post subject: Infrequently Used Credit Card Tips Credit cards have very little to do with "spending sprees." You can spend just as much with an overused checkbook. I carry what I call "purpose cards." I have one card (AAA Financial Services) which gives me a 5% discount on all of my gas purchases, regardless of brand. I do not use it for anything else. I carry another card which gives me a 1% cash rebate on general purchases. I carry my BJ's Wholesale Club MasterCard which gives me a 1% discount plus extended terms on all purchases at BJ's. I currently carry another card which gives a temporary 3% rebate on grocery purchases. I use the card which will give me the most bang for a particular purchase. In other words, they pay me to use the card; I don't pay them. Am I fearful of losing cards or having them stolen? Absolutely not. I refuse to live my life in fear of what might (or might not!) happen.
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Which Credit Cards Use Which Credit Bureaus
Author: dfn04
Posted: Thu Mar 18, 2004 10:38 am
Post subject: Which Credit Cards Use Which Credit Bureaus Please everyone USE THIS SITE!!!!! I have used this site twice in the last 2-3 months and WOW does it work. I was looking for which credit card uses equifax. There was not very man postings for my state, but based on what was there I decided to try it and IT WORKED! I got a MBNA with a 2500 dollar limit and may have gotten a higher limit had I asked on the first call. I also got an American Express with a 5000 dollar limit-I did ask for a higher limit on this first call. How about this? Every one needs to go to WHOPULLEDMYCREDIT and post which report is useed with which creditor for your state. THIS IS SOOOOO VALUABLE!
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Author: Guest
Posted: Thu Mar 18, 2004 8:48 pm
Post subject: Which Credit Cards Use Which Credit Bureaus whopulledmycredit- testimony dfn04Guest ><- <>- ><- <> ~~~ ><- <>- ><- <> ><- <>- ><- <> ~~~ ><- <>- ><- <> Post this post at these 2 places - let then know that you appreciate their efforts. CreditNet Testimonials! http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=411492#post411492
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FIND OUT: Which CRA is pulled? http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=372024#post372024 ><- <>- ><- <> ~~~ ><- <>- ><- <> ><- <>- ><- <> ~~~ ><- <>- ><- <> dfn04 wrote: Please everyone USE THIS SITE!!!!! I have used this site twice in the last 2-3 months and WOW does it work. I was looking for which credit card uses equifax. There was not very man postings for my state, but based on what was there I decided to try it and IT WORKED! I got a MBNA with a 2500 dollar limit and may have gotten a higher limit had I asked on the first call. I also got an American Express with a 5000 dollar limit-I did ask for a higher limit on this first call. How about this? Every one needs to go to WHOPULLEDMYCREDIT and post which report is useed with which creditor for your state. THIS IS SOOOOO VALUABLE!
Upgrading to a Platinum Credit Card
Author: Loner
Posted: Wed Mar 17, 2004 2:21 pm
Post subject: Upgrading to a Platinum Credit Card Hi all, Just wanted to get thoughts upgrading my current card from Gold to Platinum. Of course, my first thought is WHY do they want to offer this to me, and what is the hidden benefit for them? This is an old account that I have been paying down and not charging anything new. The interest rate on the platinum is lower, and has no yearly fee. (Original has a fee that they flat out refused to drop). Another concern is how this reflects on my credit rating, as they will be giving me a new account number. The last time that a creditor changed my account number, it showed up as me opening a new account. BTW, the same thing happened when we re-wrote (not refinanced) an old mortgage, even though it kept the same account number. Came up on credit reports as a brand new mortgage. As a result, we were denied credit for not having a long enough mortgage history (12 yr old mortgage in good standing). (Correcting credit report is a whole other issue) Anyway, any thoughts on the advantages, disadvantages, and potential credit report impact if I accept the offered upgrade?
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Closing Credit Card Account With Spouses Name On It
Author: Lorie
Posted: Tue Mar 16, 2004 5:57 am
Post subject: Closing Credit Card Account With Spouses Name On It OK, a little background: I got a divorce, took on the credit card debt. Due to circumstances both my ex's name and mine are still on the account, but he doesn't use it anymore, it's entirely my responsibility now. I've been trying to get his name deleted, but that's another long story I won't get into. Well, the interest rate is really high on it, and I want to get this sucker paid off. I"ve been ignoring other credit card offers, being afraid of getting scammed, etc, but have been doing research on other credit cards, and now it doesn't seem so frightening anymore. This balance transfer thing seems to be a way to get this debt paid off. Sounds like something I want to do. QUESTION: If I apply for another credit card and transfer the balance, should I close the other account first? Will the balance transfer work if I close the other account first? And do both of us have to give permission to close the account, transfer the balance, etc?
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Author: Polonius
Posted: Tue Mar 16, 2004 8:29 pm
Post subject: Closing Credit Card Account With Spouses Name On It Let's clarify. You owe money to Bank A; you get a new card with Bank B. B pays off the account at A. A doesn't care where the money comes from and doesn't require that you cancel the account at A. B never insists that you cancel your account at A either. So the balance transfer side of the process is simple, assuming you get the credit from Bank B. You're just paying off a balance due with cheap credit you have elsewhere. Right now, though, your ex CAN use the credit at A. If you pay it off, what's to stop him from using it again? If you're sure he's not going to use it (and there's no annual fee) then there's no reason to close it. So don't close it--hang on to it. Perhaps it will offer you a balance transfer deal to next year and you can transfer the balance back from B to A. If you think your ex MIGHT use the card at A, then you should consider whether to close it out or not. After it's paid off, you might call Bank A and explain that because of a divorce you want the account closed and a new card reissued in your name alone. That might work. But since you're both responsible for the debts on the card, it's possible that Bank A won't let you close the account whether it's been paid off or not. That can be a sticky problem to handle, and frankly I've got no advice to offer on what to do in that circumstance. Hopefully some of the wiser folks here can help with that question.
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Credit Card Without Fees
Author: accar3
Posted: Tue Mar 16, 2004 12:33 am
Post subject: Credit Card Without Fees I have been currently working on my credit report. I have almost successfully repaired my Equifax report by paying and disputing items that were incorrect. I am still working on my others and they have a few. My Equifax has 4 good lines but are all older. I also have 1 bad line "Capital One Charge off" from 2001 that I am currently working on with Capital One. What I am wanting to do is get a credit card or line of credit without putting up a deposit. Does anyone know of a card or loan company that uses Equifax? I don't need anything large... just something to start rebuilding good credit without paying a arm and a leg up front.
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Safeway Club Credit Card Review
Author: Mikey
Posted: Mon Mar 15, 2004 1:55 pm
Post subject: Safeway Club Credit Card Review Has someone tried to use a Safeway Club card for a 3 cent discount per gallon PLUS Chase Perfect Card for 3% discount, at the pump at Safeway stations? Does the "double-dipping" work? (I just signed up for a Safeway card here in California.)
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Author: Guest
Posted: Mon Mar 15, 2004 4:35 pm
Post subject: Safeway Club Credit Card Review I work for Northern California SAFEWAY and don't know that SAFEWAY own the gas stations.
Author: Guest
Posted: Mon Mar 15, 2004 4:38 pm
Post subject: Safeway Club Credit Card Review Yep, they do.
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Author: mouse
Posted: Mon Mar 15, 2004 11:00 pm
Post subject: Safeway Club Credit Card Review I get miles with BANK ONE/UNITED VISA at SAFEWAY GAS STATIONS...so why would you not get your 3% cash back? It does not matter if SAFEWAY (physically) owns the stations or not, if you use the SAFEWAY CARD and your CHASE PERFECT CARD, you get both.
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Settling a Credit Card Charge Off
Author: NeedHelp
Posted: Tue Feb 24, 2004 7:49 pm
Post subject: Settling a Credit Card Charge Off I have two charged off accounts that I am paying through a debt management program. The debt mgt. program is taking too long, and I would like to settle these accounts. Both accounts are between 3-4 years old, and I currently owe $1177 and $1296. Is it possible for me to contact the creditors and ask for a settlement? By me being in a debt mgt. program will it prevent me from asking for a settlement? Plus, should I negotiate with the creditors myself or get a settlement company to do it? Also, I live in the state of SC what type of laws my prevent or help me when it comes to settling. Thanks, I really need some advice.
Author: Guest
Posted: Tue Feb 24, 2004 10:31 pm
Post subject: Settling a Credit Card Charge Off I think debt management programs can't really help you. Do it yourself. Call the lenders and negotiate with them for the payment plans. You don't need debt management program.
Author: Guest
Posted: Mon Mar 15, 2004 12:01 pm
Post subject: Settling a Credit Card Charge Off What if the account has already been paid? How can you possibly get it off?
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Author: NightStar
Posted: Mon Mar 15, 2004 12:59 pm
Post subject: Settling a Credit Card Charge Off Is it showing up on the credit report as paid? Regardless, submit a dispute to the credit reporting agencies that this is not your account, and see if the creditor responds in the 30 days - sometimes you can get fortunate that they mess up and the CRA deletes. At the worse they may update it as paid, or just verifiy it as being paid. You can keep disputing anything in the tradeline that is incorrect, like balance, status, last activity date, open date.... anything can be disputed that you know is not correct
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Transfering a Credit Card Balance Tips
Author: Guest
Posted: Sun Mar 14, 2004 12:00 pm
Post subject: Transfering a Credit Card Balance Tips When doing a balance transfer, do you put the entire amount on the new card or leave a small amount as an unpaid balance on the old card? How will this show up on my CR or affect my FICO? I've read several opinons on this and I'm trying to find the definitive answer if possible. Thanks for all the great help!
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Author: Polonius
Posted: Sun Mar 14, 2004 6:23 pm
Post subject: Transfering a Credit Card Balance Tips There shouldn't be any effect on your FICO score--you owe the same total amount before and after the transfer, so your overall utilization of your available credit is the same. If you do NOT put the entire balance on the 0% card when you CAN do so, then you're paying interest on the remaining balance of the other card unnecessarily. No point doing that!
Student Credit Card Help Tips
Author: Guest
Posted: Mon Mar 08, 2004 6:26 pm
Post subject: Student Credit Card Help Tips I am looking to find a card that can setup students with a minimum of 400 dollars on their credit line. I am not interested in rewards or bonuses, just a low apr as well as no monthly or annual fees. Please let me know of any options. The most important things are the: 400 dollar line minimal fees low interest rates.
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Author: Guest
Posted: Mon Mar 08, 2004 8:48 pm
Post subject: Student Credit Card Help Tips Anonymous wrote: I am looking to find a card that can setup students with a minimum of 400 dollars on their credit line. I am not interested in rewards or bonuses, just a low apr as well as no monthly or annual fees. Please let me know of any options. The most important things are the: 400 dollar line minimal fees low interest rates. MBNA 4 year College.. 500.00
Author: student
Posted: Sat Mar 13, 2004 9:29 pm
Post subject: Student Credit Card Help Tips AMEX blue student. Great way to start off establishing your credit. They gave me $500 to start off with
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Shell Citicard Membership Fees
Author: dilang1213
Posted: Sat Mar 13, 2004 6:52 pm
Post subject: Shell Citicard Membership Fees Hi...I currently have a Shell Citicard which gives me a 5% rebate on Shell gas purchases, and 1% on other purchases. I was recently reading the 'fine print' on the Welcome face sheet. It says that Annual Membership is $0 for FIRST 12 months, then $20 for subsequent years. Is this a good deal?? I've earned a total of $231.28 in rebates since the I got the card last April 2003. Next month, I will be charged the $20. Just curious what the consensus for Annual Fees here, and is it worth it! Thanks so much!
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Author: joe Posted: Sat Mar 13, 2004 7:07 pm Post subject: Shell Citicard Membership Fees as long as you use the card at least 9 times thru your anniversary date to by shell gas there is no fee, this should be stated in your card info
Credit Card Miles Required for a Airline Ticket
Author: terristoys
Posted: Tue Feb 17, 2004 4:03 pm
Post subject: Credit Card Miles Required for a Airline Ticket How do you know how many miles you will need to earn a free ticket with a particular credit card offer? I want to earn a ticket to Houston for July and I wanted to use a credit card to earn free miles. I can't find anywhere that they tell you how many miles you need for specific flights. Any thoughts?
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Author: nativechild48
Posted: Fri Mar 12, 2004 8:52 pm
Post subject: Credit Card Miles Required for a Airline Ticket Have you tried contacting your creditor for their reward options?
How to Stop Calls From Credit Card Collection Agencies
Author: Alligator
Posted: Fri Mar 05, 2004 12:56 am
Post subject: How to Stop Calls From Credit Card Collection Agencies I know it's possible to write collection agencies letters which will make them stop contacting you by phone, mail, etc. Would such a step increase the likelihood of collectors deciding to take you to court?
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Author: NightStar
Posted: Fri Mar 05, 2004 5:14 pm
Post subject: How to Stop Calls From Credit Card Collection Agencies What you do is send the collection agency a limited cease and desist letter, stating that you do not wish to be contacted by phone, but that they are allowed to send letters by mail. If you send a full cease and desist letter, then the collection agnecy is allowed to contact you one final time to notify you of what they will be doing with the account be it turning it back to the original creditor or if they will be filing for judgment. So it is always best to leave them a means by which to contact you, and not force their hand on what the out come will be.
Author: Alligator
Posted: Sun Mar 07, 2004 2:34 am
Post subject: How to Stop Calls From Credit Card Collection Agencies OK, thanks Nightstar. Anyone else would like to chip in?
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Double Cycle Credit Card Billing
Author: Guest
Posted: Mon Mar 08, 2004 5:23 pm
Post subject: Double Cycle Credit Card Billing NightStar or Ira or anyone, I received pre-approved offer from Bank One with 0% APR for 12 months after that 7.99% fixed APR. What do you guys think? I don't like the double cycle method but I couldn't resist 0% APR. Thanks.
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Author: Verne
Posted: Mon Mar 08, 2004 7:06 pm
Post subject: Double Cycle Credit Card Billing Double-Cycle billing won't matter if your APR is 0%.
12 Month 0% Credit Card Interest Rate Balance Transfer
Author: KATO
Posted: Fri Feb 27, 2004 1:19 pm
Post subject: 12 Month 0% Credit Card Interest Rate Balance Transfer I have about 27k of debt on an AT&T card at 7.99% , along with several other credit debts, and I am thinking of transfering it to a Chase 12 mo. 0 int. card. If that's possible to do, what are the pros & cons? And does it affect your credit report?
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Author: Ira
Posted: Sat Feb 28, 2004 12:32 am
Post subject: 12 Month 0% Credit Card Interest Rate Balance Transfer If you can get the 0% finance fee, 0% balance transfer fee card, just do it. It will not materially effect it, but why be concerned about your credit report? If you pay your bills on time, regardless of the interest rate, it's counts as a positive. There are tons of us who have done and are doing the balance transfer shuffle. You keep your eyes and ears open and constantly apply for other 0% cards. When the intro rate expires on one card you simply transfer the remaining balance to another. I did this with $40,000.00 in CC debt. It enabled me to save thousands in finance charges and to pay down my debt years earlier. You do have to be very alert to expiring rates, though. Otherwise you can be hit with some very hefty finance charges.
author: KATO
Posted: Sat Feb 28, 2004 11:54 am
Post subject: 12 Month 0% Credit Card Interest Rate Balance Transfer Hope I can get the 0 rate, always had perfect credit, now nave a couple of lates. It's our first time doing a balance transfer, feels a little too good to be true. We had a Primerica rep. tell us that the transfers show up on your CR as a neg. Will post a message/question soon on Primerica,hope the replys will be enlightning. Thanks
Author: Verne
Posted: Sat Feb 28, 2004 12:45 pm
Post subject: 12 Month 0% Credit Card Interest Rate Balance Transfer I've never had a balance transfer show up on my credit report. I've heard stories that if you transfer the entire balance it shows up somehow but I think this is a myth. Where on a credit report would this be noted and why - especially if both accounts are open? But to be safe, just don't transfer the entire balance. It will be treated as just another payment by the card account you're transferring from. The only way a balance transfer can hurt your credit score is if the account being transferred to is reported to the CRA's sooner than the account transferred from and it looks like you owe more than you really do.
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Credit Card Debt and Closing Credit Card Account Tips
Author: dilang1213
Posted: Sat Mar 06, 2004 9:45 pm
Post subject: Credit Card Debt and Closing Credit Card Account Tips Hello, I recently applied for a Citicard Balance Transfer with an obligated $100 purchase before May 26. When I received my card, I called to activate it, and at that time was asked if I want to transfer balance...which I did. My mistake, was that I should have spent the $100 obligation FIRST, then tranferred a balance...so as NOT TO PAY any interest til May 2005. NOW, I have to pay 27.99% on a $100, unless I figure another way to balance transfer the existing amount. The good news is that on the balance transfer, Citicard has a way of know that it is a balance transfer, and I will not get charged any interest. My question: Is it wise to keep all of my accounts OPEN? Right now, I have about $25K in CC debt. I just wanted to transfer a few to 0% to help me with NOT having to pay FINANCE CHARGES, and using that money to pay DOWN the other debt. As I apply for 0% CC, should I close a few accounts? Will I have trouble continuing to open 0% balance transfer cards, if I have a large amount of credit open already? I am rebuilding my credit...REALLY watching the dates of Credit card DUE DATES. I want to build my credit back to EXCELLENT if possible. Does anyone know how long that may take since I have had 1 Mortgage late in the last year, and two CC lates in the past year.
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Author: Verne
Posted: Sat Mar 06, 2004 11:32 pm
Post subject: Credit Card Debt and Closing Credit Card Account Tips If you have 25K in credit card debt, you don't want to close any accounts. In doing so you lose available credit and drive up your credit utilization percentage. This in turn may cause your existing card accounts to change your terms or even lower your credit limit, not to mention making new credit harder to get. Closing accounts just doesn't help the score no matter how you slice it. "My mistake, was that I should have spent the $100 obligation FIRST, then tranferred a balance...so as NOT TO PAY any interest til May 2005. NOW, I have to pay 27.99% on a $100, unless I figure another way to balance transfer the existing amount." You made no mistake, at least in the order of the $100 purchase and the transfer. It makes no difference which you do first since future payments will be applied to the portion of your balance with the lowest interest first. In other words, the $100 portion of your balance is buried (paid off last) beneath the balance transfer portion which will be paid off first. Ideally you should have fulfilled the $100 purchase obligation, paid that off, and then made the 0% balance transfer.
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How to Remove Name From Co-Signed Credit Card
Author: Dave
Posted: Sat Feb 14, 2004 11:46 am
Post subject: How to Remove Name From Co-Signed Credit Card Hello All, I'm looking for some advice.... I recently tried to close an account with Chase that my step-father co-signed on for me almost ten years ago. My step-father has since gone his own way and I haven't seen nor spoken to him in years. To top it off, he is a huge risk (gambling problems)...so I'd really like to completely disassociate myself with him in every possible way. The account in question has a balance on it as of late which has been more of a precaution by me than anything else (I've used this card rather than my personal cards to avoid giving my step-father a place to rack up charges that I could be held accountable for) but I would gladly pay it in full in a heartbeat if Chase would let me close the account or at least remove my name from it once it had a zero balance. But they won't!! They told me that my step-father would be the one who would have to close the account, in writing. Only problem is, I don't have a clue where he might be -- if he'd even help. They also won't just remove my name (even with a zero balance) because it's considered a 'joint account' -- I'm just as responsible as he they claim (though I'm apparently not afforded the same rights). So how do I "get out"? Most recently, I received a 'Change In Terms Notice' that I don't have to agree to -- which would trigger the account closing process...but I'm not sure if there might be any negative side-effects of that action on my credit (i.e.: "Account closed by creditor" sort of thign). Thoughts? Should I just suck it up and pay a lawyer to draft a letter to them advising them of my desire to close the account instead?
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Author: NightStar
Posted: Sat Feb 14, 2004 9:36 pm
Post subject: How to Remove Name From Co-Signed Credit Card If you disagree with the terms of agreement, then it is my thinking that the account would officially say closed by consumer. I would suggest calling customer service and checking on this first. That is pretty low that they will not otherwise remove you from the account after reaching zero balance. I would also suggest writing a dispute to the regulating company over this bank about the problem you are having with them if it comes to it.
Author: Guest
Posted: Sun Feb 15, 2004 9:37 am
Post subject: How to Remove Name From Co-Signed Credit Card Hey if you are that concerned just start getting sneaky. Write them a letter and state you are your father and you would like to close the account. You don't even have to pay in full, just suspend the charging privlidges. Hey if you are worried that much about this I don't see any harm as it may cost you a mint if he racks it up.
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Best Reward Credit Card for Everyday Purchases
Author: Seeing Clearly
Posted: Sat Feb 28, 2004 2:21 am
Post subject: Best Reward Credit Card for Everyday Purchases Two months frow now I'm looking at getting corrective eye surgery. This is going to cost me around 3,000 to 6,000, which I can pay for in cash. However, I'd llke to pay the bill off with a credit card to recieve the maximum rewards and increase my credit score. What's the best rewards card for everyday/ALL purchases?
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Author: nativechild48
Posted: Mon Mar 01, 2004 8:26 pm
Post subject: Best Reward Credit Card for Everyday Purchases Have you tried to get some financing through a bank loan? Some Doctor's also have financing. I think NightStar knows of some companies that might finance surgeries. Sometimes Doctors will accept payment plans. Credit Cards can be an expensive way to pay for surgery. If you have good credit and want to try to finance this try a Credit Union or a good bank for a personal loan (medical). Good Luck!
Author: Ira
Posted: Tue Mar 02, 2004 4:18 am
Post subject: Best Reward Credit Card for Everyday Purchases Ok, if you've got the cash you can actually make a bit of money on this transaction. What you do is apply for one of the many cards that give you a 0% purchase rate for a year or 15 months. Use the credit card to pay for the surgery. Take the equivilent cash amount and put in an interest bearing account. Depending on the length of the intro rate this might be a CD or a money market account. Keep paying the minimum, and only the minimum, until your intro rate runs its course. Then withdraw the principal from the interest bearing account and pay off the principal. You keep the interest. You can also do the same thing with a 0% balance transfer rate with 0% balance transfer fee. I do this all the time just to collect the interest on money that isn't really mine. Unfortunately interest rates aren't that high, but you'll end up with a few hundred dollars that you didn't have before, which you can consider as a reduction in the cost of the procedure. If you can get a card that also gives you a cash rebate you can double dip. However, forget the financial machinations. The really important thing here is to wish you the best of luck with the surgery. Money you can always get. Health is much more fleeting.
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Author: NightStar Posted: Fri Mar 05, 2004 5:08 pm Post subject: Best Reward Credit Card for Everyday Purchases With my local medical providers, they set me up with American General Personal Finance Company for 0% interest for so many months, like mine was 12 month, then interest was added. Credit Cards will work to if you can keep up on the transferring from one to the next account as the offers expires, but you want to have the best of credit to accomplish this. No lates and such, pay all the time on time.
0% Balance Transfer on Credit Card
Author: Inquiring Mind
Posted: Thu Mar 04, 2004 10:40 am
Post subject: 0% Balance Transfer on Credit Card Hi, I've read a bunch of posts and I see this has been partially addressed. My question is this: Is opening a new CC account annually to play the 0% BT shuffle going to hit my credit score? If my wife opens a card instead, will that avoid this problem?
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Author: Ira
Posted: Thu Mar 04, 2004 11:24 pm
Post subject: 0% Balance Transfer on Credit Card Everything you do affects your credit score. If you get a traffic ticket it can affect your score. What you are probably talking about is the myth that "too many inquiries will lower your credit score." Well that's technically true, but you have to understand that only 10% of your score results from number of inquiries. A week or so ago someone complained that he had made ten quick inquiries and his score went down by 15 points. Considering that if you have decent credit and no bad marks your score will probably be in the high 600s or low 700s, a few inquiries might lower your score by 5 points. Meaningless. Nothing to worry about. On the other hand, if you have bad credit and an extremely low score, that few points can hurt you. Sorry to be so long winded, but there's your answer.
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Credit Card for First Timer
Author: dev
Posted: Mon Mar 01, 2004 10:19 pm
Post subject: Credit Card for First Timer I'm getting very frustrated. I'm looking for something very simple. I have no credit history. I have supported myself for many years after leaving home by living under my means, and avoided credit cards under fear of going into debt when it wasn't needed. Now I need to build my credit, and I am having trouble finding advice on where to start. I would like to get a credit card, I don't care if the rate is crap, I will generally only use it and pay it right off. What I want is 1) no anual fee or a very low one. 2) a company that isn't going to sell my info to every telemarketer, bug me till I die if I cancel my card, or generally degrade my quality of life due to bad business practice. I am having no luck finding reviews of decent started cards, only "good credit" cards and where to go from your current card type things. I'm not even a student any more so I can't look there until I start taking classes again. Any advice is welcome, preferably the good kind.
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Author: nativechild48
Posted: Mon Mar 01, 2004 10:32 pm
Post subject: Credit Card for First Timer You can try Household bank Credit card family...they have Orchard Bank, Union Plus, Best Buy, etc. to name a few. I don't suggest First Premier because many people get messed up by their high fee to start and about 50.00 or so dollars available, and be careful with Aspire as well they have very high interest as does E-merge.
author: dev
Posted: Mon Mar 01, 2004 11:18 pm
Post subject: Credit Card for First Timer Just reviewing household's policies, it appears you have to opt out on an annual basis to keep your personal information safe. Often companies sell your information is sold up front before you can opt out and it is already too late. I wish to avoid this if possible, so any suggestions on companies that actually believe in customer privacy from the point of sign up would be appreciated. I will keep it in mind though. Thank you. Just trying to do as well as I can so I don't get bit later.
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Author: Ira
Posted: Tue Mar 02, 2004 4:27 am
Post subject: Credit Card for First Timer Today's privacy laws dictate that you must state your preferences annually. It's not only Household, it's every company that issues consumer credit. Even your bank and your broker ask you for your privacy preferences. Regard this as a GOOD thing. Before this law went into effect, your personal information was sold and resold by every company who had it for any reason. Speaking to your main point, try to get one or more department store cards. They're usually fairly easy to obtain and they do help to build credit. Also, try taking out a small personal loan at your local bank and simply deposit the money in an interest bearing account and pay it off ahead of schedule. This also builds your credit.
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Balance Transfer to Chase Rewards Credit Card
Author: Guest
Posted: Mon Mar 01, 2004 5:01 pm
Post subject: Balance Transfer to Chase Rewards Credit Card About to take the transfer plunge, trying to find the best card. I have about 28k @ 7.99 on an At&t MC to transfer to the Chase Ultimate, good choice? Paying for past mistakes, don't want to make another one. Thanks. Great forum!
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Author: nativechild48
Posted: Mon Mar 01, 2004 7:58 pm
Post subject: Balance Transfer to Chase Rewards Credit Card Not a bad choice but Chase sometimes will bait and switch, don't put all of your eggs in one basket and get stuck again with a low and then high interest, keep your options open to get another prime before transferring the full balance to Chase!! Good Luck!!
Author: Guest
Posted: Wed Mar 03, 2004 11:49 am
Post subject: Balance Transfer to Chase Rewards Credit Card Thank you Native. Due to my not putting much time into finance matters, I don't really understand parts of your reply. Can they bait & switch legally? Should I put the debt into 2 different transfers, and why keep options open for another prime? With 12 mos. on the 0 % it was the lowest rate I could find. Is there a better card? ....brain a little frazzled.... Thanks again
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Are Credit Cards Based On Income?
Author: Guest
Posted: Thu Jun 12, 2003 6:29 am
Post subject: Are Credit Cards Based On Income? I have found this forum to be extremely informative and would also like to submit some questions. I have had a Shell MC and Chase freedom card for a while and increased their limits to $20,000+ on each. I was thinking of getting another card, and was wondering if my initial balance is going to be as high. I have excellent credit and high income of $125,000+ but dont' want to go through building a high limit from scratch again. Any suggestions?
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Author: Kitten
Posted: Thu Jun 12, 2003 7:46 pm
Post subject: Are Credit Cards Based On Income? This all depends on the creditor. Most banks tend to give credit based on how you've used what you currently have. If your credit is as good as what you say it is, then you probably won't have much trouble getting something comparable to your current credit lines. If you get something lower, you can always request an increase.
Author: Eugene
Posted: Thu Jun 12, 2003 10:32 pm
Post subject: Are Credit Cards Based On Income? On a couple of occasions I noticed that you have a good chance of increasing the limit immediately after you receive the card, possibly even before you activate it. "Hi! I just received my new card from you, and I see that the limit is a little low compared to other cards I have. I heard many good things about your bank and I want to keep the card and use it as my main one, but that would be possible only if you increase my limit. Could you do that, please?" If they ask how much credit line you need, I recommend doubling or trippling the amount you think you will get. If you say $50,000, they are not gonna decline completely, they'll just give you whatever they can. Another strategy is to tell them that you wanted to transfer a significant balance and need higher limit for that purpose. When they ask you for details of the cards you are transfering the balance from, suddenly "realize" that you do not have the cards. They are at home, and you are at work, and you will call them back for the balance transfer asap, but you'd appreciate the credit line increase before that, so that you know for sure that balance transfer will be possible. Teling them you wanted to make a big purchase can work as well. Bottomline is, they often feel so happy getting your account that they do increase it, sometimes significantly.
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Corporate Credit Card Protection
Author: NoFaultOfMine77
Posted: Mon Feb 23, 2004 4:06 pm
Post subject:Corporate Credit Card Protection While working at my last employer, it was requested that we sign-up for a Corporate AMEX card to be used for travel & business expenses. I signed up for the card through my employer and was approved. Even though I filled out the application with all my personal information, I directed (with company approval) the monthly statements to be sent to the corporation's address where the monthly statements were paid in-full by the corporation. Because I had limited travel & business expenses, my card was regularly used to buy product for resale in the regular course of business. Two years after issue of the card, the company was acquired by another company who continued to handle the payment of the account. One year after the acquisition, the parent company closed its doors and I was out on the street. Subsequently, I received calls at home from AMEX stating that the account was past due and that I was required to pay it in full. Each time, I told the caller that the debt was not mine and that I was not and could not pay the debt. The balance of the account was $90K+ and the principles of the parent company knowingly closed the business without covering the AMEX debt that they were wholly responsible for. That was 2 and a half years ago. At no time have I received any calls or any written notices from AMEX or a collection company, until this past week. The notice is demanding payment in full from a collection company. What rights do I have to defend myself from being obligated to pay this debt and what steps do I need to take to protect my present earnings, credit, or assets (which are practically nothing to speak of)?
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Author: NightStar
Posted: Mon Feb 23, 2004 4:21 pm
Post subject: Corporate Credit Card Protection Unfortunately this is a commercial debt not allowed the same protection as personal debt for consumers under the Fair Debt Collection Practice Act. I am not versed enough to advise you on this matter, you really need to seek out legal assistance. The closest thing I can think of is that it would be like Divorce, that if a spouse does not take care of their responibility by divorce decree, then there is nothing the other spouse can do but pay the bill then sue the responsible party in court for breaking the divorce decree. I don't know if this would be correct for your situations, but chances are you have some kind of legal recourse against the company for not taking care of this creditor (finalizing) If they filed bankruptcy, chances are they included American Express, but bigger chances are they did not include you on the bankruptcy. Meaning their might be a way backwards to make them accountable directly to you for this debt. Really don't know, just speculation, so you need to contact an attorney about this.
Author: Ira
Posted: Mon Feb 23, 2004 9:20 pm
Post subject: Corporate Credit Card Protection This is going to be like locking the barn after the horses have fled. What if anything do you have in writing from either employer stating that any debt incurred under this card was a debt of the corporation and not your personal debt? ALWAYS get a signed written statement of company policy regarding the use of corporate credit cards. Policy whould state how they approve purchases on the card and how the bills get paid. I almost had a different problem. I received a corporate Amex card for T&E use. I used to fly all over the country for business. Although the card was in the corporate name, I was required to pay AMEX and put in for reimburesment. That worked fine until I left the company. Then we ran into similar problems. Fortunately in my case nobody went out of business and the problems were solved although it took several months.
Author: Guest
Posted: Mon Feb 23, 2004 9:26 pm
Post subject: Corporate Credit Card Protection I have experience with AMEX corporate cards. Let me tell you if THEY thought you were responsible for $90,000 you can bet THEY would have been all over you before this. I have the card and if I even think about going over 30 days they resort to daily calls for way less than $90K. What has most likely happened is that now that a collector has it they are trying to see if they can get you to bite. I would check your credit reports to see if it is on them. If not that would be really good news. My suspicion is that the CA is just trying to see if you'll bite. If for some reason this is, or gets put, on any of your CR's I would get a lawyer ASAP. You should not be responsible for this debt.
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Virtual Credit Card Number
Author: Cherry
Posted: Thu Feb 26, 2004 1:57 pm
Post subject: Virtual Credit Card Number I know of about 3 credit card companies that offer Virtual Credit Card Numbers. Amex Express, Citibank, and MBNA. Do anyone know of any others. I prefer a vitual card number when purchasing from the internet. I currently use my citibank card for this this only right now. But I am looking for another card that offfers this service.
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Author: Peachkiwi
Posted: Fri Feb 27, 2004 10:25 am
Post subject: Virtual Credit Card Number Discover offers one also.
Author: Guest
Posted: Fri Feb 27, 2004 2:15 pm
Post subject: Virtual Credit Card Number What the heck is Virtual # and what difference would it make anyway?
Author: Peachkiwi
Posted: Sat Feb 28, 2004 9:25 am
Post subject: Virtual Credit Card Number Anonymous wrote: What the heck is Virtual # and what difference would it make anyway? This is generally a one-time use computer generated number that is used in place of your ACTUAL credit card. It serves as a protection against hackers when shopping online, over the phone and in the mail.
Credit Cards that Only Pull Equifax Credit Report
Author: creditsucks
Posted: Wed Jan 28, 2004 3:24 am
Post subject: Credit Cards that Only Pull Equifax Credit Report Hey guys.. I'm a student and I need to buy a new laptop ASAP. I can comfortably afford monthly payments while going to school but unfortunately my tuition ate up most of my cash savings.. I can't afford to lay out the entire amount for the piece of equipment.. My equifax report is the strongest and most accurate of all 4 national bureaus (most people are only aware of trans union, experian and equifax but another one that is lightly used is innovus).. ps - I've never ever checked my innovus report.. hardly anyone uses them and I could give a **** what my file with them contains.. My experian and trans union reports contain an invalid collection account from 1998 that was paid in full with the original service provider but for some reason it was still mistakenly sold to a collection agency.. I'm working on having it removed.. the second negative item is a charged off credit card account from december of 1997.. the account is correct but the balance should show as $0 and it doesnt.. I cleared the balance with the creditor in good faith a few years after the charge off and realizing I really screwed up.. My equifax file doesnt show the collection account (thank god) and it does show the charged off account from 97 but with the proper balance, $0.00. The good news is this account falls off all reports very soon.. the date of the first delinquency was 3/97.. according to the FCRA, the period for which deragotory information can be reported to your consumer credit file is actually 7 years AND 180 days from the DATE of the FIRST delinquency of the deragatory account.. many people believe its 7 years but if you read the FCRA it actually states that there is a 180 day grace period for the creditor before the 7 year time period begins.. kind of sucks.. of course another reason my trans union, experian and most likely innovus reports are weaker than my equifax file is also because the majority of the credit lines I have open now don't waste their time reporting the accounts to anyone but EQUIFAX.. down here in the south, EQUIFAX is used by most local lenders.. of course one of the major exceptions being a mortgage application in which they probe your ***** with a microscope.. however.. my equifax credit file is pretty STRONG.. I've got 3 credit card accounts, a walmart credit card with a $300 limit ($0 current balance), a local credit union visa with a $1800 limit ($1400 current balance), and a capital one mastercard with a $500 limit ($250 current balance). I also have a personal watercraft loan originally written for $5000 ($3600 current balance) from my credit union, a vehicle loan originally lended for $5000 ($3500 current balance) from a local bank I have an account with, and I was just approved for a $21,000 car loan to replace my current vehicle which I am selling to a private party in a few weeks.. My FICO is somewhere around 670, though my new car loan has not hit my consumer files yet since the loan was just written within the past 2 weeks.. I have no late payments or delinquencies or anything of a deragatory nature since my charge off in 1997.. my equifax file is dam near perfect.. ever since my screwup in 1997, I learned my lesson about responsible spending.. I was 18 when that occurred.. foolish and stupid.. I have certainly improved my credit rating over the past 6 years and once that 97 account is deleted once and for all, my score should rocket past 700 without a problem.. I dont believe I have too much credit extended at the moment.. when you take into account my 20k car loan is not yet appearing.. but even if it was, I don't see it as a big deal as long as my previous car loan shows paid when it is reported.. So, I am looking for a creditor that relies on EQUIFAX so I can purchase a notebook.. I applied with apple.com's store for a powerbook but I was declined.. this is simply because are backed by MBNA who I *believe* uses an average of all 3 consumer credit files for all their lending decisions.. and we all know negative information outweighs positive information by 3 times the amount.. so any lender who uses an average of all 3 files would probably still rate me under a credit worthy standard.. I live in north Florida.. for retail cards, my options would be similiar to BEST BUY, OFFICE DEPOT, STAPLES, SEARS, COMPUSA, CIRCUIT CITY.. thats all I can think of offhand.. for online purchases, I could try SONYSTYLE.COM or toshiba's online store, SHOPTOSHIBA.COM ... I believe DELL.COM has financing available as well.. I'm looking for any information that would be useful in determining which one of these retailers offer a credit card or credit line that is backed by a financial institution who relies on the information provided by EQUIFAX. OR if you know of a retailer in florida or any online retailer that sells branded notebooks of which I didn't already mention and they solely use EQUIFAX to determine credit worthyness, please let me know! I really need to buy this notebook for class but I don't want to shoot myself in the foot by racking up inquiries and ruining my chances of approval for a few months until they age..
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Author: Ira
Posted: Wed Jan 28, 2004 7:26 am
Post subject: Credit Cards that Only Pull Equifax Credit Report CompUSA offers six months same as cash. Don't get too technical. Just apply and see what hapens. Inquiries have very little effect on your credit score.
Author: test
Posted: Sun Feb 01, 2004 2:40 pm
Post subject: Credit Cards that Only Pull Equifax Credit Report Your Equifax report is actually nowhere near perfect. Utilization is really high plus you have a charge-off! You MIGHT get lucky with Best Buy or Circuit City. Then again, you might not.
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Transfer of Balance From One Credit Card Affiliate To Another
Author: Guest
Posted: Tue Feb 24, 2004 7:32 pm
Post subject: Transfer of Balance From One Credit Card Affiliate To Another For a long time, I've gotten these balance transfer checks in the mail from both citibank driver's edge and at&t universal. Looked good, 3.9%, no fee, and I had a lot to transfer from the at&t to the citicard. One of the terms said "cannot be used to pay another citicard or affiliate" at&t used to be by some other bank, but now it's website says "citicards" at the bottom. But, on www.citicards.com, it doesn't make any mention, so I wasn't sure how affiliated it was or not, i.e. was this an eligible transaction. So, I went ahead and sent in the transfer check. Almost instantly, the amount was credited to my at&t account, with "nevada payment." 5 days later, the balance still hasn't shown up on my citicard account, and I haven't heard anything from them. Any of you ever do this? What was your experience?
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Author: Ira
Posted: Wed Feb 25, 2004 12:20 am
Post subject: Transfer of Balance From One Credit Card Affiliate To Another You sent a paper check. The recipient credits it upon receipt. I takes a few more days for it to wind through all the processing steps until it gets back to the originating bank. If the AT&T card accepted the check, I wouldn't worry. Just relax and enjoy your good move.
Author: mouse
Posted: Wed Feb 25, 2004 2:18 am
Post subject: Transfer of Balance From One Credit Card Affiliate To Another BT from bank A to bank B to bank C CITIBANK being A & C bank B being the middle bank No interbank transfers is standard
Author: Board Monitor
Posted: Wed Feb 25, 2004 8:42 am
Post subject: Transfer of Balance From One Credit Card Affiliate To Another AT&T is issued by Citi. They generally won't allow you to do this. Will be interesting to see if it goes through. Let us know the outcome... _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
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How Credit Card Companies Look At Home Ownership
Author: Mandarine
Posted: Wed Feb 25, 2004 7:13 pm
Post subject: How Credit Card Companies Look At Home Ownership How is Rent or Own Home viewed during the application process? What about Monthly Rent payment? What's looked upon more favorably?
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Author: Guest
Posted: Wed Feb 25, 2004 7:46 pm
Post subject: How Credit Card Companies Look At Home Ownership OWNING
author: Mandarin
Posted: Wed Feb 25, 2004 9:29 pm
Post subject: How Credit Card Companies Look At Home Ownership OK, do they like better higher rent payment or lower rent payment?
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Author: Verne
Posted: Wed Feb 25, 2004 11:04 pm
Post subject: How Credit Card Companies Look At Home Ownership They like lower rent payments. They compare it to your income. If your rent payments (like a mortgage) are too high in relation to your income (say over 35%) a potential creditor is less apt to extend credit. There are lots of different formulas, some not allowing anything over 20%, others allowing as much as 50%. NightStar probably knows the skinny on this better than I do. I've always rented and don't know much about mortgages. But they look at rent in much the same way, in trying to determine what is acceptable for your income.
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Business Credit Card Tips
Requirements for Credit Card Convenience Checks
Author: starDOM
Posted: Mon Feb 23, 2004 11:24 pm
Post subject: Requirements for Credit Card Convenience Checks It seems that CC companies treat the transaction better if the check is made out to a bank, another CC company or a retailer as opposed to yourself or for the purpose of bank deposit. Is it possible to make the check out to my bank and have them deposit it in my account without it looking like a deposit to the CC company?
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Author: Guest
Posted: Tue Feb 24, 2004 4:48 pm
Post subject: Requirements for Credit Card Convenience Checks Depends on the bank issuing the convenience check. Some will specifically say that you cannot make the check out to yourself or any other individual. Others say that's ok. Best to call and check before doing anything.
Convenience Credit Card Checks Tip
Author: starDOM
Posted: Mon Feb 23, 2004 11:24 pm
Post subject: Convenience Credit Card Checks Tip It seems that CC companies treat the transaction better if the check is made out to a bank, another CC company or a retailer as opposed to yourself or for the purpose of bank deposit. Is it possible to make the check out to my bank and have them deposit it in my account without it looking like a deposit to the CC company?
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Author: Guest
Posted: Tue Feb 24, 2004 4:48 pm
Post subject: Convenience Credit Card Checks Tip Depends on the bank issuing the convenience check. Some will specifically say that you cannot make the check out to yourself or any other individual. Others say that's ok. Best to call and check before doing anything.
Citibank Divident Platinum Credit Card Consumer Review
Author: Gary
Posted: Sat Jul 05, 2003 10:16 am
Post subject: Citibank Divident Platinum Credit Card Consumer Review I have had this card for several years. At one time, waiting to charge $10,000 to get the $100 accumulated 1% dividend was not such a bad deal, in the early days of rebate cards. I have talked to Citibank, including supervisors, many times about dropping or even lowering the $100 tier you need to reach to get a check, to no avail. Has anyone else had this same problem with this card? Does the 100 tier bother anyone else who has this card? Is it worth hoping they will lower this tier sometime, or should I just move on to another card and forget this one? I hate to give it up since I have had it several years, but it seems like it is a long time to wait for a reward, in today's rebate card environment
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Author: Eugene
Posted: Sun Jul 06, 2003 6:02 am
Post subject: Citibank Divident Platinum Credit Card Consumer Review Gary, if $10,000 is an issue, you should definitely move most of your spending on to another card, 'cause Citibank ain't changing terms for you only. However, I would keep the card if you are otherwise happy with them. Trade it for another one from Citibank that you are more likely to use, and/or get the one that you like most from another issuer. Just keep Citi's card active by using it for a small purchase at least once every six months or so. It is very likely that they will introduce some card that you will like, and then you will be able to replace one for the other. Plus, keeping an old card open helps your credit history.
Author: Ira
Posted: Sun Jul 06, 2003 9:45 am
Post subject: Citibank Divident Platinum Credit Card Consumer Review Gary, I would trade that card for the Citibank Shell MasterCard or VISA which gives you a 5% rebate on Shell gasoline, plus a 1% rebate on all other charges. The beauty of this card is that your rebates are credited monthly. It shouldn't be too difficult for you to switch cards within the Citibank family.
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Wage Garnishments for Repossession on Motor Vehicle
Author: irgod187@msn.com
Posted: Sat Feb 21, 2004 10:24 pm
Post subject: Wage Garnishments for Repossession on Motor Vehicle My husband is being garnashed again for a mini-van that was repossessed eight years ago. We have already paid over $8000 and they are asking for $11,000. Two years ago they drained my bank account of over $4000 and they told me that they would charge off the remaining balance. Then they once again began garnashing my husband's paycheck. I am afraid they will find my account and drain it again, too. This is in Arizona and I am in New Mexico and my husband is to go to a hearing in Arizona within 10 days of receiving notice. Is there anything we can do to stop this? We have already paid too much for this van that we no longer own, another $11,000 is rediculous after all they have already gotten from us.
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Author: NightStar
Posted: Mon Feb 23, 2004 7:55 am
Post subject: Wage Garnishments for Repossession on Motor Vehicle Defaults and Repossessions in Motor Vehicle Transactions http:// www.independentdealer.com/finance/finance9.asp This link here should be a start on understanding repos, I am not versed well enough on this subject to help you, but if you go here to this link: www.creditinfocenter.com and go to the discussion board look for a member there by the name of LadynRed she will be able to help you best.
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Legal Amount of Time To Dispute Credit Card Charge Off
Author: sunny lee
Posted: Fri Feb 13, 2004 10:45 am
Post subject: Legal Amount of Time To Dispute Credit Card Charge Off Hi, I have one account which is charged off more than 2 years. I havent paid it since 2001 and I live in New York. I want to know, can I dispute this account cuse its more than 2 years of charged off. I know NY SOL is 6 years. If I try to dispute it, do you think, I will get caught by law? Please reply me
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Author: NightStar
Posted: Fri Feb 13, 2004 11:54 am
Post subject: Legal Amount of Time To Dispute Credit Card Charge Off Yes you are still with in the legal time this company has to sue you should they take that route. If you dispute - it is likely to wake them up and they would start collection efforts anew. If you have the means to pay just in case, you might go the route of Debt Validation, and should they prove the debt is yours and start court - you might try to negotiate for payment in exchange for deletion on the account. A settlement offer, but be sure to get it in writing. If you don't have any means to pay, by disputing you really take chances of them coming after you. You might get lucky, that they can't verify... of course that is if you get them to entertain this route. Not easy when you are in this position. You have 4 more years on this, even after the 4 years they can still take you to court, but if you appear you can use the SOL defense that the debt is time barred - but that is a long time off. A lot can happen between now and then.
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Author: Guest
Posted: Sat Feb 21, 2004 3:33 pm
Post subject: Legal Amount of Time To Dispute Credit Card Charge Off Recently, I have a settlement with collection agency. My question is, 1* if I pay to collection agency, are they going to change charge off to paid as agreed. 2*Do you think, its wise to pay collection agency. 3*Do you think, if I pay collection agency, my credit score will go up? ><- <>- ><- sunny ><- <>- ><- <> <> 1*They can't do that because there is no such thing as a paid as agreed collection or charge off. If you had paid as agreed then it would not have been charged off or gone to collections. You did not pay as agreed;that's why a CA has it now! 2*Nope 3*Not at all.
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American Express Green Credit Card Review
Author: Paula
Posted: Thu Feb 19, 2004 5:06 pm
Post subject: American Express Green Credit Card Review Any thoughts on the American Express Green card?
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Author: Guest
Posted: Thu Feb 19, 2004 6:34 pm
Post subject: American Express Green Credit Card Review Why do you want to pay annual fees for AmEx Green card? There are many credit card companies offering cards with interest rate as low as 4.99% or 5.99% and no annual fees. If you have good credit, banks will mail you pre-approved offer with 0% APR for 1 year, after that 7.99% APR. I agree that AmEx charge card is a high end card but I don't want to pay the annual fees.
Author: nativechild48
Posted: Fri Feb 20, 2004 2:43 am
Post subject: American Express Green Credit Card Review Some people would prefer to have a charge that gives them double point for everything they purchase rather than have revolving line of credit. Some people prefer both Blue, and the green or gold. Amex has good marketing strategy and you can have both. You can pay it off each month and for purchases over 200.00 you can pay over time at a fixed rate plus there is the sign and travel, and it is very convenient for those who are on a budget and watching their FICO. Spend what you know you can pay and no problem
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What Happens if Credit Card Debt Is Not Paid?
Author: handeling
Posted: Wed Feb 18, 2004 11:52 pm
Post subject: What Happens if Credit Card Debt Is Not Paid? i have a big dilemma with my credit card. i have over $3000 debt, and i have been paying it off until this month when i have received some news that turned around my life (so now i'm going on a voulunteering mission around the world and am not sure of when/if coming back) while paying off my dept is out of the question (i'm simply unable to afford it) i am worried about making everything fair. i don't care if my credit history will be ruined, i'm only worried about any legal problems i might have. however, i want to let the CC company know that i'm unable to pay under any circumstance. should i call them and let them know of situation, and cancel my card?? will they sue me, issue a warrant? will i become a criminal? will the CC company actually open an investigation, and in case of my return - catch me? any kind of advice will be greatly appreciated!!
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Author: Guest
Posted: Thu Feb 19, 2004 8:20 am
Post subject: What Happens if Credit Card Debt Is Not Paid? handeling wrote: i have a big dilemma with my credit card. i have over $3000 debt, and i have been paying it off until this month when i have received some news that turned around my life (so now i'm going on a voulunteering mission around the world and am not sure of when/if coming back) while paying off my dept is out of the question (i'm simply unable to afford it) i am worried about making everything fair. i don't care if my credit history will be ruined, i'm only worried about any legal problems i might have. however, i want to let the CC company know that i'm unable to pay under any circumstance. Just by leaving the country will not make the debt go away.. You borrowed 3,000.00 and the Credit Card Company will just not let you call and say to cancel the card and I am not paying it back.. You can leave the Country, but the Credit Card Company will use all means that they have available to collect the money owed them for the 180 days that they will have the debt.. After that time, you will have to deal with a collection agency, who will even use additional methods to try to collect.. In reality what you have done is commit a crime, it is called Theft of service.. Just think of this, If someone owed you 3000.00, and they came up to you and said ," I am leaving the country and can not pay you back the 3,000.00, " What would your reaction be? It will be a similar reaction from the Credit Card Company.. should i call them and let them know of situation, and cancel my card?? will they sue me, issue a warrant? will i become a criminal? will the CC company actually open an investigation, and in case of my return - catch me? any kind of advice will be greatly appreciated!!
Author: NightStar
Posted: Thu Feb 19, 2004 8:24 am
Post subject: What Happens if Credit Card Debt Is Not Paid? No you can't go to jail for not paying, but if they wanted to they could file a judgment on the debt owed. There are statute of limiations for each state, for the account, and after if a judgment is filed. Might just eventually expire if you are not around to pay. If they can't attach a wage garnishment, against property. Yes, definitely call in to close the account, don't need to leave the door open on any additional charges being added other then fees for the account adding up.
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Having Paid Off Credit Card Collections Removed From Credit Report
Author: brinkmn900
Posted: Thu Feb 19, 2004 1:54 am
Post subject: Having Paid Off Credit Card Collections Removed From Credit Report I have read articles on repairing credit, but I have some questions regarding mine personally. CONCERN: I have unpaid collections from phone companies and hospitals totaling together approximately 600.00 I have defaulted school loans from 4 years ago in the amount of approximately 1,500.00 QUESTION: I can pay these off today, should I pay the collections by negotiating a settlement amount of lesser the original collection, or should I dispute them to try and have them removed all together? If I pay the collections is there a way to have these paid collections removed from my credit report, or do I need to request a certain letter of release from the creditors? Do you have any advice on the school loans owed to the Dept. Of Educ. as to how I can best increase my credit scores, should I pay installments or try and pay off in lump sum if I have the ability? Also do you have any advice on building credit, like getting a secured credit card, or any other form of trade line to increase credit wothiness? Please contact me with your advice, it would be greatly appreciated since I have let my situation get so bad.. I need help, thank you. Sincerely, Michael brinkmn900@yahoo.com [/b]
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Author: NightStar
Posted: Thu Feb 19, 2004 8:17 am
Post subject: Having Paid Off Credit Card Collections Removed From Credit Report http:// www.cardreport.com/wwwboard/wwwboard.html Why Chat at this link will be the best person to help you on medical collections - he has a letter for HIIPA that is used as a combo to pay & demand deletion of these accounts. On the student loans, you will want to definitely pay these, but what you want is to reabilitate the account, negotiate for positive reporting, if they will forgive the lates after a period of on time payments. I know there are some programs available, but not to much up on this one myself. Will look around and post back if I can on sites to go to. I am not much on recommending credit cards so will leave that to the others. Have a good day,
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Tips On Credit Card Over Limit Penalties
Author: MrCarrot
Posted: Fri Feb 13, 2004 7:29 pm
Post subject: Tips On Credit Card Over Limit Penalties If account goes overlimit, its immediately reflected in the credit report/score? Hmm, I would think if all the overlimit interest penalties are paid, it shouldnt go to credit report.
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Author: NightStar
Posted: Fri Feb 13, 2004 7:32 pm
Post subject: Tips On Credit Card Over Limit Penalties Yes, this will hurt the credit score, because the utilization will be maxed over 100% - I don't know but have heard that the score can take a hit as much as 50 points. Recommend that if you go over the credit limit then, pay back down make at least 6 months on time payments; get the balance back down below 50% lower the better - then call in asking for a credit increase at the least by which you went over by so you can cover up the mistake on the credit reporting.
Author: MrCarrot
Posted: Sat Feb 14, 2004 6:53 pm
Post subject: Tips On Credit Card Over Limit Penalties OK let's assume it will hurt the score. The part which I don't get is the timing of it. Would it really appear on my credit file on the day overlimit occured?
Author: mouse
Posted: Sat Feb 14, 2004 7:23 pm
Post subject: Tips On Credit Card Over Limit Penalties MrCarrot wrote: OK let's assume it will hurt the score. The part which I don't get is the timing of it. Would it really appear on my credit file on the day overlimit occured? I doubt it could appear that fast/
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Author: NightStar
Posted: Sat Feb 14, 2004 9:27 pm
Post subject: Tips On Credit Card Over Limit Penalties No it is not going to be reported that fast, it will go on the next time the creditor sends in their tape. But I could not tell you when that would be, each creditor has a different time of the month that they forward these to the CRAs. Just know that it will be for sure in the next 30 days if it is a major creditor, smaller companies might report every 3 months.
Author: Ira
Posted: Sun Feb 15, 2004 9:11 pm
Post subject: Tips On Credit Card Over Limit Penalties If you have a good record and have gone over limit one time and are able to instantly get under limit, call customer service and apologize for your indiscretion. Say you didn't realize it and promise that it will never happen again. Ask if they can credit you back the over limit fee if you immediately get your account under limit. If you throw yourself on the mercy of the court, chances are they'll go along with you and it will never be reported because it will be treated as a non-event.
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Buy.com Credit Card Review
Author: Guest
Posted: Tue Feb 17, 2004 3:17 pm
Post subject: Buy.com Credit Card Review A couple of months ago I applied to buy.com for what I thought was a 0% balance transfer option. It turns out that they are now saying that it was a 0%on new purchases. Do you have any information on the offer?
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Author: Polonius
Posted: Wed Feb 18, 2004 2:15 am
Post subject: Buy.com Credit Card Review I can't tell the terms on the offer which you received. Right one, Buy.com is offering a Visa with 0% APR for Purchases AND Balance Transfers for one year (12 months). It's a card issued through FirstUSA, which was bought by BankOne. http:// www.firstusa.com/cgi-bin/webcgi/webserve.cgi?ct=&card=9DKR&partner_dir_name=buydotcom_12_tiered_purch_bt&page_type=appterms for more details. Quote: Annual Percentage Rate (APR) for purchases (including balance transfers, excluding overdraft advances) A 0% fixed APR for the first 12 billing cycles following the opening of your account. After that, 8.65% variable,110.65% variable or 14.65% variable, depending on our review of your application and credit history.
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Author: Guest
Posted: Wed Feb 18, 2004 4:11 pm
Post subject: Buy.com Credit Card Review Bank One is better than Buy.com card. 0% APR until Feb 2005, after that 7.99% fixed APR. I got their invitation letter.
Author: Guest Posted: Wed Feb 18, 2004 4:14 pm Post subject: Buy.com Credit Card Review MBNA is better than Bank One card. 5.99% fixed APR on purchases and World Points Rewards. This is not an intro APR.
author: Ira
Posted: Wed Feb 18, 2004 7:46 pm
Post subject: Buy.com Credit Card Review Always read the terms CAREFULLY! They will tell you when free is not really free. The 0% balance transfer offer comes with a 3% balance transfer fee which maxes out at $50.00.
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Limit of Cash Advance On Credit Card
Author: Someone
Posted: Mon Feb 16, 2004 1:50 pm
Post subject: Limit of Cash Advance On Credit Card I have a question, I want to get a credit card. Can I get it, then get it all out in cash right away or use the card for major mouth surgery right away? Or is there a wait to get that much money at once?
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Author: NightStar
Posted: Mon Feb 16, 2004 6:04 pm
Post subject: Limit of Cash Advance On Credit Card Creditors have a limit of how much of the total available credit limit you can use for cash advances. It will vary from creditor to creditor, plus you are going to be paying a higher interest rate then if you would of used the card for straight purchases. Finally you never want to use up the total available credit limit, that puts you at risk for charges & fees putting you over the credit limit and cause further fees to be added.
Author: cabledude
Posted: Mon Feb 16, 2004 6:10 pm
Post subject: Limit of Cash Advance On Credit Card Definetly don't want to get over 50% utilization. I have some cards that have a cash limit different than the credit limit. Usually lower. Others have the total limit available for cash. If you need the money for surgery I would suggest just paying with the card. If you do a cash advance Night Star is right that they'll sock you heavy on the interest.
Author: someone
Posted: Mon Feb 16, 2004 7:11 pm
Post subject: Limit of Cash Advance On Credit Card So if I use the card to pay for the surgery and it uses almost the whole thing, would this be ok? What if cost of surgery goes over card, and how soon after just getting this card can I (pretty much) max ot out? I have never had a credit card before and know nothing . Anyway thanks for your replies they are very much apreciated.
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Employment History Needed for Credit Card Approval
Author: theresasix
Posted: Fri Feb 13, 2004 9:48 pm
Post subject: Employment History Needed for Credit Card Approval I just started a new job this week and was wondering how long should I wait to apply for a CC? I have been in the same industry for about two and a half years, but had a gap in employment for three months. Just to let you know a little about my past....I have been rebuilding my credit for two years. I am an authorized user on one CC, but it's not being reported on my reports (unfortunately-it's with MBNA and they refuse to do it). I have no other CC's and I have one student loan for 20K that I am paying on. I don't have any public records, judgements, etc...although I do have an account or two with late pays from 1998-2000. I live in Texas and my best history is with Equifax. Any advice on how long I should wait and which cards I should try?
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Author: NightStar
Posted: Sat Feb 14, 2004 8:03 am
Post subject: Employment History Needed for Credit Card Approval You can likely go now but with a secured credit card, I know there are some that start out secured, but once a year passes the creditor may remove the secured status on the account. I don't know who these companies are though, just know that some do exist.
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Author: Ira
Posted: Sun Feb 15, 2004 9:06 pm
Post subject: Employment History Needed for Credit Card Approval Ir you have several years with you old employer put them down as your current employer. Employment status is very difficult for them to pin down, especially if YOU don't advertise any changes. If you used to work for SXZ and you now work for ABC, if you continue to put down XYZ there would be no reference for the CRAs to tie you to your true current employer. To the best of my knowledge its never verified. However, you must be 100% consistent in what you put down. That's on EVERY piece of paper until you're ready to report the new employer.
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Shell Gas Credit Card
Author: Earl
Posted: Mon Jun 02, 2003 11:32 am
Post subject: Shell Gas Credit Card I already have the Chase Freedom card, which I use for everything, gas and otherwise. I also have the Citibank Drivers Edge card, and I was thinking of converting it to the Shell Mastercard, but just for the 5% gas (I just bought a car and don't need the Drivers Edge card anymore) Has anyone ever heard of using Shell strictly as a gas card? I know I have to use it nine times a year to avoid an annual fee. I buy all kinds of gas, including Shell. The problem with Citibank is that I have had the Drivers Edge card for years, no longer need it, and am reluctant to just cancel a $15,000 line of credit. However, they (Citibank) don't really have another reward card (and that's all I'll get) that I want. Shell comes the closest since the payout (however little) is every month. Also, wouldn't Shell and Chase Freedom tend to work against each other?
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Author: Ira
Posted: Mon Jun 02, 2003 7:14 pm
Post subject: Shell Gas Credit Card I have the Citibank Shell MasterCard. Yes, it does offer a 5% rebate on Shell gas and a 1% rebate on all other purchases. Nobody at Citibank will object if you use it strictly as a gas card, but why? Do you have another card that gives you a better deal than the 1% rebate? A better option for gas only might be the AAA Card (Visa or MC) from MBNA. This one gives you a 5% rebate on ANY brand of gas, so long as the station offers pay-at-the-pump. There is no rebate on other purchases or gas from a station that does not offer pay-at-the-pump. Therefore I use this card strictly as a gas card. Not being married to one particular brand of gas is like a breath of fresh air.
Author: Eugene
Posted: Tue Jun 03, 2003 2:18 pm
Post subject: Shell Gas Credit Card Earl wrote: Also, wouldn't Shell and Chase Freedom tend to work against each other? What do you mean? Yes, they are competotors, so they work against each other, but you are the winner in this fight, as it is never bad to have backup. I say keep the Citi card. Transform it to whatever you are most likely to use, but keep the account open, especially if it is an old one.
Author: Guest
Posted: Tue Jun 03, 2003 2:49 pm
Post subject: Shell Gas Credit Card Then if this AAA card is for your gas, and you don't want to be "married" to a particular brand of gas, what use is the Shell Mastercard, unless you are going to do all of your 1% purchases there?
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Citibank 0% Credit Card Balance Transfer Tip
Author: Ira
Posted: Fri Feb 13, 2004 1:49 am
Post subject: Citibank 0% Credit Card Balance Transfer Tip http:// citi.bridgetrack.com/usc/platinum/co_link/AOL.htm?BTData=C02127A766C61775D5D4845B7A1A4AFA0949D9984F9FAF8F3F4CA2D656B9&app=UNSOL&sc=4T3ZTJ53&m=DAOC1D4MV0W&BT_TX=1
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Author: NightStar
Posted: Fri Feb 13, 2004 9:01 am
Post subject: Citibank 0% Credit Card Balance Transfer Tip For a person who pays there debts all the time, I still think it is quite nosy them asking for DL's information and such. Plus wanting to know of a car and year of the car you own. I went ahead and applied would like to take up some extra slack with the 0% balance transfer + it is showing 8.9% interest rate. I can live with that. I am finding it of prime interest to start agressively taking on these offered deals to reduce debt. Thanks for the head up Ira
Author: Ira
Posted: Fri Feb 13, 2004 11:02 am
Post subject: Citibank 0% Credit Card Balance Transfer Tip NightStar, What else are friends for?
Author: NightStar
Posted: Fri Feb 13, 2004 11:55 am
Post subject: Citibank 0% Credit Card Balance Transfer Tip I have done business with Citi in the past, hopefully I filled out the application right this time, twice now I messed up using PO Box. I really hate companies delivering new credit cards to a physical address.
Author: Guest
Posted: Sat Feb 14, 2004 2:24 am
Post subject: Citibank 0% Credit Card Balance Transfer Tip I think CITI put my name in their black list because I overdrew my checking account three or four times. But I paid off the overdraft amount and still maintaining the same checking account. My point is that they denied my credit card applications although some credit companies offer me very competitive rate like 4.99 and 5.99 APRs. Did they put my name in their black list?
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Tips on Raising Credit Card Limit
Author: nikita
Posted: Fri Feb 13, 2004 6:19 pm
Post subject: Tips on Raising Credit Card Limit I noticed some credit cards offer you an opportunity to raise your credit limit. How does that process work? How often do they actually end up raising it?
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Author: NightStar
Posted: Fri Feb 13, 2004 7:30 pm
Post subject: Tips on Raising Credit Card Limit A few things about requesting a higher credit limit... May have better luck if you insure the following things first: 1) Don't have all of your available credit limit on the account charged up, this will make you look high risk and result in decline. 2) Best if you have not had any lates recent on the account, another way to get declined. 3) Some credit cards not all, but some might need proof of income for underwriting to determine what they will allow extending the credit limit by. 4) If they don't require underwriting, they may still pull a copy of your credit report to insure that you have no derogitory remarks with other creditors. You should be able to call them right up and ask over the phone to get a answer right immediately, if declined then they may tell you that a letter will be forth coming in the mail explaining why you did not get the increase.
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How Does A Credit Card Settlement Affect Credit Report?
author: sunny lee
Posted: Fri Feb 13, 2004 10:02 am
Post subject: How Does A Credit Card Settlement Affect Credit Report? Hi, I have a debt with one of the credit card. And my account is chargeoff now. Its being chargedoff more than 1 years. Recently, I have a settlement with collection agency. My question is, if I pay to collection agency, are they going to change chargeoff to paid as agree. Collection agency is agreed to change charge off to paid as agree. Do you think, its wise to pay collection agency. However, I contact with my original creditor and they told me that my account is no longer with them. Its belong to collection agency and this is the agency that want to settle down with me. My original debt is 5800.00 and I settle with 1500.00. Do you think, if I pay collection agency, my credit score will go up? Please reply me....
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Author: nativechild48
Posted: Fri Feb 13, 2004 10:09 am
Post subject: How Does A Credit Card Settlement Affect Credit Report? If the bill is not SOL ask in writing CRRR for a leeter stating you will pay this amount if it is deleted from your credit reports. It is not a positive tradeline so why not throw something in it that will be to your advantage. Get the letter from them first before making a payment commitment.
OPMDIRECT.com Consumer Review
Author: ANGELA VANSCOY
Posted: Thu Jul 03, 2003 1:26 pm
Post subject: OPMDIRECT.com Consumer Review Quote: I just discovered a fraudulent charge from OPMDIRECT.com on a credit card I use exclusively online. I talked with a few online merchants and learned that a card processor was hacked last week and this could be the result. I went to opmdirect.com and found a site "under construction". I have no idea who they are. Anyone heard of them?
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OH MY GOSH I HAD THE SAME THING HAPPEN TO ME, I EMAILED OPM DIRECT BECAUSE I AM SO SCARED THAT IT MAY HAPPEN AGAIN. I PAY MY BILLS ONLINE WITH MY CARD, BUT NOW I AM SCARED TO BECAUSE I THINK THAT IS HOW OPM DIRECT GOT MY INFORMATION, I AM VERY FREAKED OUT. I AM GETTING MY MONEY BACK BUT I AM LIKE YOU AND WANT TO KNOW WHO OPM DIRECT IS AND HOW THEY GOT MY INFORMATION!
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Author: Verne
Posted: Fri Jul 04, 2003 1:27 am
Post subject: OPMDIRECT.com Consumer Review Angela, You are not alone. There are numerous complaints on the net about unauthorized charges by OPMDIRECT.com. Those who contact them are promised refunds that never come or they are given the runaround. Contacting them only increases the chance they will charge your card again. I had the bank reissue my credit card and do a chargeback. See other victims' complaints under this topic heading at creditinsiders.com. I've traced opmdirect.com from France to Hong Kong, from Korea to Gibraltar (last time I checked). When I turned them in to the Internet Fraud Center and others (see my earlier opmdirect post for list) my complaint was also forwarded to local law enforcement. I got a call from the local police chief informing me that their forensic computer specialist had contacted opmdirect.com and was told my bill was for access to an adult site in France. (which I had never heard of) Part of opmdirect's strategy is to embarrass their victims if they report the fraudulent charge. Many, in the states and abroad, have reported much the same experience. When I tried to visit the opmdirect.com site a month ago to see what I could find out, before the page would load, a pop-up asked me whether I wanted to download something to view the site better. When I declined it started downloading anyway and my computer became unresponsive. I had to shut it down. They could be trying to download some nasty spyware, like a redialer that tells your modem to connect to a long-distance number. OPMDIRECT.com is not legitimate. They claim to be a credit card "processing company". Their one client (the adult site) is just a long series of pop-ups, mousetraps, and pagejackings. They stole my credit card numer, tried to steal $40.50 by billing my credit card, and then lied to my local police department about the adult site in an attempt to embarrass me. I wouldn't mess with them. Turn them in and dispute the charge. My bank refunded my money but admitted they were still having trouble doing the chargeback - something about a bank in France.
Author: Gerry Mulligan
Posted: Thu Feb 05, 2004 12:55 pm
Post subject: OPMDIRECT.com Consumer Review Phone USA 1-626-577-9933 and a nice lady will tell you what the charge is for and happly cancel it - I did today no problem
Author: Verne
Posted: Thu Feb 05, 2004 1:59 pm
Post subject: OPMDIRECT.com Consumer Review Check the archives at http://creditinsiders.com and search for "opmdirect.com". Many talked to a nice lady who promised a refund and none came. This is a stalling tactic so the deadline to dispute the charge expires.
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Total Credit Limit on Credit Card Tip
Author: Dummy
Posted: Wed Feb 11, 2004 5:19 am
Post subject: Total Credit Limit on Credit Card Tip If my total credit limit is X (say 2k) and outstanding balance is Y (say 500) then my available credit is X-Y (1.5k) ? True or False? If I pay off the 500 balance would my available credit go back up to the full 2k? True or False? If my total credit limit is X (say 2k), there's 0 balance, and today I get a cash advance of $100. Extra info: Periodic Finance CHarge for Cash advance is 19.99% APR and daily it's 0.0548%. The cash advance was gotten thru ATM and the "agreement" also mentions 3% finance charge for ATM. Questions: what would my balance be tommorow? what would my available credit be tommorow? With calculations please.
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Author: Ira
Posted: Wed Feb 11, 2004 8:05 am
Post subject: Total Credit Limit on Credit Card Tip Quote: If my total credit limit is X (say 2k) and outstanding balance is Y (say 500) then my available credit is X-Y (1.5k) ? True or False? True Quote: If I pay off the 500 balance would my available credit go back up to the full 2k? True or False? true Quote: If my total credit limit is X (say 2k), there's 0 balance, and today I get a cash advance of $100. Extra info: Periodic Finance CHarge for Cash advance is 19.99% APR and daily it's 0.0548%. The cash advance was gotten thru ATM and the "agreement" also mentions 3% finance charge for ATM. Questions: what would my balance be tommorow? what would my available credit be tommorow? With calculations please. You'd be charged the 3% cash advance fee plus 1/360 of the PFC per day for the outstanding cash advance balance. You do the calculations.
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Author: QuibbleMoth
Posted: Wed Feb 11, 2004 10:44 am
Post subject: Total Credit Limit on Credit Card Tip Be careful with cash advances. Besides the obvious 19.99% interest rate and 3% fee, this portion of your balance will be "buried" beneath the rest of your balance and paid off last. Be careful with fees or anything that smells like a cash advance. Bank of America, for example, is offering 0% balance transfers with a 3% or $50 per check fee. In the very fine print you will discover that the fee will receive the cash advance rate. So it turns out that this 0% balance transfer has a fee attached at 19.9% which, of course, will be - paid off last. So it wasn't really 0% afterall. Another piece of fine print: credit card companies may apply your payments to any part of the balance they choose. The consumer should have the right to direct their payment towards the higher interest loans or part of the balance first yet the card companies apply it to the lowest interest part of the balance first. In what other industry - I mean besides the carnival - would this practice be accepted?
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Credit Card Cash Advance Limits Tips
Author: MrCarrot
Posted: Sun Feb 01, 2004 3:32 am
Post subject: Credit Card Cash Advance Limits Tips I have some questions regarding cash advance. 1) How does a cash advance work in terms of affecting "current credit limit" or whatever its called. Lets do an example: I got 3k credit limit. Then I take out 1k on cash advance. That would automatiically knock my available credit to 2k (obviously right?). Now say the cash advance interest is 20%, so it would be $200. The question is - would the availalable credit get knocked down another $200 for the interest to a total of $1800 or it would only get knocked down to 2k? 2) Are there some ways to take out cash without paying the high cash advance interest rates?
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Author: Guest
Posted: Sun Feb 01, 2004 4:54 am
Post subject: Credit Card Cash Advance Limits Tips The cash advance fee is applied immediately, so you're right $1000 + fee would be charged to you account as soon as you made the advance. Then it gets worse. They start charging interest immediately on the cash advance -- no grace period. The CA is often at a higher interest rate than normal purchases. Any payments you make go to the lower interest part of your balance first so the CA is usually paid last. Ouch! I don't know how to avoid the fees or high rates other than just not doing cash advances. Some cards may have better deals than others, though. The 20% in your example seems like very high rate for the fee.
Author: NightStar
Posted: Sun Feb 01, 2004 11:05 am
Post subject: Credit Card Cash Advance Limits Tips Recommended is to get a balance transfer made out to you for cash... sometimes the creditor card companies when first opening an account will send you balance transfer checks. Call them up and see if they have such an offer for balance transferring funds to yourself, not all do. But at least you may be a fee, but the interest rate will be lower. Aboved mentioned is not to be confused with the cash advance checks either, have to look close at the fine print as to what exactly they have sent you.
Author: Guest
Posted: Sun Feb 01, 2004 7:03 pm
Post subject: Credit Card Cash Advance Limits Tips so available credit would drop to $1800 in my example?
Author: Ira
Posted: Sun Feb 01, 2004 11:15 pm
Post subject: Credit Card Cash Advance Limits Tips Many cards have a credit limit and a cash advance limit. These are NOT two separate amounts; the cash advance limit is part of your total credit limit. For instance, you may have a $5,000.00 credit limit, but only a $2,000.00 cash advance limit. Let's say your purchase balance was $3,500.00. In this case your cash advance limit would be reduced to $1,500.00, because that would be all you had left of your total credit limit. However, it's never a good idea to borrow to the limit. Finance charges will immediately put you over limit and would subject you to over-limit charges.
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MBNA World Points Credit Card
Author: Guest
Posted: Wed Feb 11, 2004 6:39 pm
Post subject: MBNA World Points Credit Card MBNA sent me pre-approved offer with 5.99% fixed APR( Not an intro offer) on purchases and World Ponits rewards. Will it be worth to accept that offer? I have too many new accounts already and my score was dragged from 730 to 694 because I applied many cards in a short period. Thanks.
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Average Length of Time for Credit Card Approval
Author; Guest
Posted: Wed Feb 11, 2004 6:07 pm
Post subject: Average Length of Time for Credit Card Approval I applied for the AAA "gas" card online but it seems like the whole process is taking forever! It's really only been two weeks What's the normal length of time for a credit card approval?
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Author: NightStar Posted: Wed Feb 11, 2004 6:27 pm Post subject: Average Length of Time for Credit Card Approval You should be seeing something in the mail any day now... also you can call back the credit card company to check on the status of your application now if you want.
Can Credit Card Balance Transfer Change Interest Rate?
Author: Midnight
Posted: Mon Feb 09, 2004 3:54 pm
Post subject: Can Credit Card Balance Transfer Change Interest Rate? I carry two balances on my GE Select credit card. One is for purchases the other for cash advances.On my January 2003 statement the balance on cash advance was $100.79 with 8.76% interest rate.For purchases it was the same rate. The interst rate was the same on both balances until July when I took advantage of their offer to transfer higher interest rate balance for the life of the balance with the interest rate of 5.99% On the August statement there was a change. Purchases 9.99% Cash advance from 8.38% changed to 19.99% and is holding there. I paid on the account during the year of 2003 $3.350 but not a single penny of this payment was applied to the cash advance balance.
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Author: Polonius
Posted: Mon Feb 09, 2004 4:48 pm
Post subject: Can Credit Card Balance Transfer Change Interest Rate? The rate change you mention may have something to do with the balance transfer offer you accepted, or it may not--but you have to be informed of any rate changes. It's not rare for a balance transfer offer to give a rate good for, say, 6 months--and to say very clearly that after that period, a new rate will apply for purchases, cash advances, and unpaid parts of that balance transfer. And it's absolutely standard for your payments to be applied to the LOWEST-interest-rate balances FIRST. That's one way banks nail you. I was pretty upset to see that the balance transfer fee of $50 is regarded as a purchase, not a finance charge, by some banks, so that as I pay down the 1.99% rate on the balance transfer I was given, the $50 fee for it gets charged at 13.9% or whatever and never gets paid until the whole balance transfer is paid off. Sigh.
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Author: Guest
Posted: Mon Feb 09, 2004 4:49 pm
Post subject: Can Credit Card Balance Transfer Change Interest Rate? Midnight wrote: I carry two balances on my GE Select credit card. One is for purchases the other for cash advances.On my January 2003 statement the balance on cash advance was $100.79 with 8.76% interest rate.For purchases it was the same rate. The interst rate was the same on both balances until July when I took advantage of their offer to transfer higher interest rate balance for the life of the balance with the interest rate of 5.99% On the August statement there was a change. Purchases 9.99% Cash advance from 8.38% changed to 19.99% and is holding there. I paid on the account during the year of 2003 $3.350 but not a single penny of this payment was applied to the cash advance balance. Payment allocation of your payments is most likely going to the 5.9% balance first..in the meantime your old balances will continue to collect interest at the higher rates.. You may want to read the terms and agreements, it should state how the payments are applied.. Good luck
What Credit Score Do I Need To Get a Credit Card
Author: Guest
Posted: Mon Feb 09, 2004 7:26 am
Post subject: What Credit Score Do I Need To Get a Credit Card Hi, I have no bad marks on my credit but, all of my good credit is 5 years old and closed. I have no score with experian and no score with Equifax. I do have a 622 score with TransUnion. My gross yearly pay is $32,000 and I have been with my current employer for 3 years. Please advise me on where to apply for a non-secured credit card.
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Combining Credit Cards
Author: Raphael
Posted: Mon Feb 02, 2004 1:28 pm
Post subject: Combining Credit Cards If you are able to combine two credit cards with separate limits ($14,500 and $13,000) into one card with a $27,500 limit becuase of a bank merger (duh, Bank One and Chase) will this hurt your credit rating, or is it ok? Or does it matter at all? The rewards program on one card is far better than the other card, so I see no reason (if the merger goes through) to not combine them.
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Author: Polonius
Posted: Sun Feb 08, 2004 1:14 am
Post subject: Combining Credit Cards My experience with mergers is that combining the accounts isn't an option. I now have 6 Chase credit cards because of buyouts--all are separate, have different names, and different terms. I have four Citibank cards. 2 of them are from Citibank's buyout of Mellon Bank some years ago. The balance transfer offers I get from them are terrible--interest rates of 9.99% with a 3% fee; credit limits are $3,000 and $4,000. My regular Citibank AAdvantage MasterCard and Driver's Edge MasterCard have limits of 35,700 and 9,500 respectively--and the balance transfer offers are at 5.9% with no fee these days. Why does the SAME bank think my credit is terrible for two cards and excellent for two others? I have no idea. I'd much rather combine them all, but that isn't an option. I can't even link the former-Mellon cards to my Citibank checking accounts. As for making a difference (if it is possible to combine)--yes, it can make a difference since it affects how your credit score is calculated. The scores take into account the number of cards and the percentage of each credit limit used, as well as the overall percentage for the total available credit. If you're using $10,500 credit on the $14,500 card and nothing on the $13,000 card, you'll have a lower credit score than if you were using $10,500 on the combined $27,500 card. Generally, utilization over 40% on any card will lower your score a bit, I think. (I've seen 30% quoted as the best number--but some say under 40% or under 50% is OK--over 50% and especially over 75% is worse.) In some circumstances, combining makes no difference at all; in others, it does. Lots of different credit scores and situations out there!
Author: Ira
Posted: Sun Feb 08, 2004 4:51 am
Post subject: Combining Credit Cards I guess it depends on your situation and on how quickly the issuing bank can combine the different back office systems servicing cards that they acquire vs cards that they issue from the git go. I hve been able to combine multiple cards into one at Chase, Citibank, and MBNA in order to take full advantage of choice offers of one sort or another. MBNA is the best at this as they will proactively offer to do this. On the flip side of the coin, I do my regular banking at Citibank and when I asked them to combine my Sunoco and Exxon-Mobil MasterCards, both of which they bought from 3rd parties, they couldn't do it. I can do a direct transfer of funds from my checking account to my regular CitiBank cards but I cannot do so with the Sunoco or Exxon-Mobil cards because each card is still operating on it's own back office system.
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Finance Charge on Credit Card
Author: schmoe
Posted: Sat Feb 07, 2004 11:21 pm
Post subject: Finance Charge on Credit Card I'm in disbelief on the way my credit card is computing finance charges. Here's the deal, I owed $500 on a credit card bill. I always pay my bill in full, but I misread the bill and only paid $300. I didn't discover this until the next month. No big deal, I should pay finance charges on $200, the amount of the previous balance I didn't pay. But thats not how the finance charges were calculated. They took the total amount of my previous balance, $500, plus the total amount of my new balance, $400, and charged me finance charges on $900. My question is, do all credit card issuers have similar unfair policies? I'm hoping somebody will respond that this is illegal and I must be misinterpreting their policies. John ps Don't read anything on the exact numbers, I've totally made them up for the sake of anonymity.
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Author: Ira
Posted: Sun Feb 08, 2004 4:38 am
Post subject: Finance Charge on Credit Card Finance charges are always levied on the previous month's average balance. Thus if you owed $500.00 and paid $300.00 in the middle of the month, your finance charges would be calculated by adding up your daily unpaid balances ($500.00 on the first of the month + $500.00 on the 2nd, + $500.00 on the 3rd, +......$200.00 on the 16th, + $200.00 on the 17th, + $200.00.....on the last day) and dividing by 30. That would be your average daily balance. Some banks use 2-cycle billing in which case they would use the average daily balance over the last two billing cycles. Nobody that I know of in the credit card industry calculates finance charges on only the unpaid balance at the end of the billing cycle. Read your card holder's agreement or the back of your monthly statement to determine how your bank does it.
Prepaid Mastercard Credit Card Review
Author: pete
Posted: Thu Jan 29, 2004 2:24 pm
Post subject: Prepaid Mastercard Credit Card Review Our company is thinking of going to a prepaid mastercard in lew of the standard paycheck. This amounts to having your payroll check automatically deposited into a preloaded card. It can be used as a credit card but it really is not one. They have thrown this out to the employees for feedback and discussion. They indicate that it will save the company a considerable amount of money vs processing a regular paper check, as we are on a weekly payroll system. I would like to get feedback from anyone who is involved in this type of program or may have more extensive knowledge on the subject.
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Author: Ira
Posted: Thu Jan 29, 2004 9:54 pm
Post subject: Prepaid Mastercard Credit Card Review I've heard of this concept before and it puzzles me as to why anyone would want it. Please tell me how you're supposed to pay your rent, mortgage, or utilities? Why is this cheaper than direct deposit which would give the employees full control of their money? Unless I'm missing some basic fundamental concept, I'd vote against this plan.
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Author: NightStar
Posted: Thu Jan 29, 2004 11:06 pm
Post subject: Prepaid Mastercard Credit Card Review I have to agree, I would not want a fake credit card that is not helping the established credit. I have direct deposit with my checking account, like it very much. More money in the bank, more I pay towards my bills and less to worry about having cash on hand. I have heard of weird plastic, and what you are talking about don't sound too far off from that.
Author: mouse
Posted: Fri Jan 30, 2004 9:04 pm
Post subject: Prepaid Mastercard Credit Card Review We use DIRECT DEPOSIT to CHECKING/SAVINGS
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Author: mouse
Posted: Fri Jan 30, 2004 9:19 pm
Post subject: Prepaid Mastercard Credit Card Review That would be fine for somebody who does not have any CHECKING/SAVINGS
Free Tax Service for Low Income People
Author: cyninri
Posted: Wed Jan 28, 2004 11:17 am
Post subject: Free Tax Service for Low Income People On one of your programs you said there were ( companies that provide free tax service for low income families.... what companies are they?
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Author: NightStar
Posted: Wed Jan 28, 2004 11:24 am
Post subject: Free Tax Service for Low Income People Not sure if this is what you want be here is a web site to check out: http:// www.freetaxusa.com/
Author: krayzee8
Posted: Sat Feb 07, 2004 1:36 am
Post subject: Free Tax Service for Low Income People Often, local colleges or community service organizations (such as senior centers) will sponsor a VITA Program (Voluntary Income Tax Assistance). The program is designed to provide free tax preparation for low income families. Most of the time, the volunteers are college students in accounting or finance programs. The students can get class credit for participating as well as real world experience. Before participating, they are forced to attend seminars to prepare them for common tax issues and general preparation. They are also supervised, generally by an accounting professor and/or CPA. The best way to find one of these programs is to call the closest university. However, if you type "Vita Tax" into any search engine, you will find lots of information.
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How to Change Name and Address on Credit Report
Author: Guest
Posted: Fri Feb 06, 2004 2:02 pm
Post subject: How to Change Name and Address on Credit Report How does one change their address/phone # on record at the CRAs?
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Author: NightStar
Posted: Fri Feb 06, 2004 3:24 pm
Post subject: How to Change Name and Address on Credit Report If you have already obtained a copy of your credit report direct from the CRA, then just call the number provided & give the report number to get into customer service. You can update them right over the phone as to the new address, or if you have an incorrect address listing just let them know what needs to be removed. If you don't have a report then just write to the CRA, will get faster results if you forward copy of drivers license showing the correct address you want updated. Experian 888-397-3742 www.experian.com PO Box 2104 Allen Tx 75013 Disputes: PO Box 2002 Allen Tx 75013 TransUnion 800-916-8800 www.transunion.com Order & Dispute: PO Box 1000 Chester Pa 19022 Equifax 800-685-1111 www.equifax.com * I don't have addresses for Equifax will need to visit their web site.
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Amazon Credit Account Vs. Visa Credit Card Account
Author: Guest
Posted: Tue Feb 03, 2004 11:28 pm
Post subject: Amazon Credit Account Vs. Visa Credit Card Account Are you more likely to be approved for a credit account than for a credit card? I applied for an Amazon.com credit account in an attempt to start building credit along with my secured credit card etc..., and this credit can only be used at Amazon.com, and with store credit accounts, you are more than likely will get approved I guess.
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Author: Verne
Posted: Thu Feb 05, 2004 10:58 am
Post subject: Amazon Credit Account Vs. Visa Credit Card Account I tried to look at the amazon credit account agreement but would have had to fill out the application to get to that page so gave up. I did notice Citigroup mentioned. This should be easier to get than a credit card. This is more like a department store card with high finance rates. Their rates are 22.9%+. They do offer 0% for 3 months for purchases over $199.00 though. I would like to know more about it since I do a lot of shopping at amazon. Let us know how you came out.
Author: Ira
Posted: Thu Feb 05, 2004 11:12 pm
Post subject: Amazon Credit Account Vs. Visa Credit Card Account Not sure if this is the same thing, but I have an Amazon Platinum Visa through 1st USA which gives me points to be used on my Amazon purchases. However, it is a Visa and I can make purchases anywhere.
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Amazon Visa Credit Card Approval Tips
Author: milinag
Posted: Fri Feb 06, 2004 12:00 am
Post subject: Amazon Visa Credit Card Approval Tips Hi, I've applied for Amazon VISA credit card on Jan 4th. I still dont' have any answer from them. When I call on the 800 number it gives me msg, that my application is under review and I'll be notified for their decison in 7-10 days. I've talked twice to a representative and both times I've been told I have to wait, they can't do anything for me. Is that normal, how long I have to wait and what can I do to find an aswer. Thanks
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Author: nativechild48
Posted: Fri Feb 06, 2004 12:55 am
Post subject: Amazon Visa Credit Card Approval Tips I have heard from many of my fellow consumers, they have been waiting for almost two months...very slow process. The fact that you have not been denied is a good sign. Why not give them a call and see if there is some info they need or what. Good Luck native
Can Credit Card Debt Lead to Reposession?
Author: Guest Posted: Wed Feb 04, 2004 3:34 pm Post subject: Credit Card Debt Repossession Concern Can Direct Murchantants Bank take our home for non payment of a credit card debt,unsecured,We live in the state of Arkansas.
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Author: Guest
Posted: Wed Feb 04, 2004 10:01 pm
Post subject: Can Credit Card Debt Lead to Reposession? Anonymous wrote: Can Direct Murchantants Bank take our home for non payment of a credit card debt,unsecured,We live in the state of Arkansas. , They can try to attach your home with a Lien, as far as taking it away from you, no.. But they would prevent you from selling the property..
Author: Ira
Posted: Thu Feb 05, 2004 11:23 pm
Post subject: Can Credit Card Debt Lead to Reposession? Suggest that you do a Google search on real estate laws, Arizona. Get creative with your search if this doesn't bring up what you want. Google is my bible. You can find anything there within 5 minutes or less.
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