Credit Card Cancelled

Author: calloway
Joined: 20 Jun 2003Posts: 2
Posted: Fri Jun 20, 2003 10:00 am
Post subject: Indiscriminate cancelling of credit cards

Has anyone ever had the experience of trying to use a card whose "number" is invalid? I have recently. When I contacted the credit card company that day, they informed me they had cancelled the card 2 days earlier for lack of activity!! This they did without any prior notification to me of their intention. It was embarrassing, to say the least, and their email back to me didn't even offer an apology but they did take the opportunity to promote their "customer service." This was First USA. I used the card last November. Is that an extremely long period of inactivity? Any thoughts or similar experiences out there?

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Which is Better? A Visa or Mastercard?

Author: Cliff-Guest
Posted: Tue Jun 10, 2003 4:35 pm

Are these cards the same? Is it necessary to have both of you have one?

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Credit Card Usage Ratio

Author: Harry-Guest
Posted: Thu Jun 19, 2003 11:54 am

If you have a major credit card with a $13,500 limit, and you are only charging $40-60 monthly on it, does this look good or bad to the three credit bureaus, or does it even matter at all? I charge higher amounts on other cards, but I buy only gas on one card, to keep it active; hence, the low monthly charges.

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Credit Card Convenience Check

Author: Brian-Guest
Posted: Wed Jun 18, 2003 5:26 pm

Does anyone know if convenience checks are ever lower in interest rates than a home equity loan (4% annual)? I was thinking of using one to pay off my home equity loan, but only if the interest rates are lower than the 4% I currently pay to the bank. I know that balance transfer offers are often low, but they are not the same as convenience checks. Is there a difference in interest rates?

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Credit Bureau Credit Card Fraud

Author: Guest
Posted: Wed Jun 18, 2003 4:14 pm

Received the following from one of my clients recently ........ can you confirm if this is genuine or a 'scam' to get credit card and personal info ..... a similar email went round the UK a few years ago and it was a scam. Thank you for your assistance. Just to remind you that personal information goes public starting July 1, 2003. The four major credit bureaus in the US Equifax, etc.) will be allowed to release credit info, mailing addresses, phone numbers, > >etc., to ANYONE who requests it. > > > If you do not want to be included in this release of your personal > >information, you can call 1-888-567-8688. > > > Once the message starts you will want Option #2 (even though Option #1 > >refers to this email, push #2) and then follow the prompts. > > > Be sure to listen closely, the first option is only for a two-year > >period. Make sure you wait until they prompt for the third option, > > > which opts you out forever. > > > You should receive their paperwork in the mail confirming the "opting > >out" in less than one week after making the call. > > > PASS THIS MESSAGE ON TO ALL IN YOUR ADDRESS BOOK, FAMILY > > > AND FRIENDS.

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Charged Off Credit Card

Author: hm2swife
Joined: 12 Jun 2003
Posts: 1
Posted: Thu Jun 12, 2003 5:50 pm

Hi, okay - first post here & am hoping you all will help me. I'm a bright person but the ins & outs of credit is a mystery to me! This year was a hideous one...divorce, Grandma died, Mom diagnosed with cancer & passed away in less than 6 mos.! anyway, not looking for sympathy --- the reason I'm here is that my credit went in the toilet this year. A few cards I had got charged off.... I made "settlements" with the smaller ones, some as much as 50% of the debt. I'm wiped out though and I have one more "biggie" that is $4400!! I don't even think more than 1800 was actually charged on that card & the rest is interest & some kind of bogus fees etc. I asked a friend about this & she said if it's charged off then even if I pay it - my credit is still %$#@!!!ed for the next 7 yrs. So, if she's right - bummer that I even bothered to pay the other ones. However I want to find out what the REAL situation is. Should I take this companies "generous offer of a settlement for 80% of the debt" (like $3500) or should I just let it ride & not kill myself paying it? if I'm hosed either way - I'll just let it go. Thanks for any assistance you can give!!!

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