Should I have an ATM card and a debit card?

Author: Rodney
Guest
Posted: Sat Dec 20, 2003 1:21 pm
Post subject: Debit Card Daily Spending Limit

I have a debit card (VISA logo) with a $3000 daily spending limit. I hardly ever use the card for more than ATM withdrawals. If I ask the bank to reduce the daily spending limit for signature purchases to $500, will this help in case the card is lost or stolen? (Then a thief would get cut off after $500)? Or should I just get an ATM card and get rid of the debit card?

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How many credit cards should I carry?

Author: guest
Guest
Posted: Sun Dec 21, 2003 3:15 pm

I have three major cards. I use AMEX and MC regularly, and Visa only a couple times a year. Visa has a zero percent liability policy. Is there are danger in carrying all three cards around, even though I only use two of them regularly? I am wondering how many people carry cards around that they actually don't use often. Is this stupid? Should I leave the Visa at home? I pay all my bills in total at the end of each month, so there is no temptation to use them more than I already do. Carrying three would just be for convenience, if the occasion ever presented itself. What do other people do?

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Which CRA is best?

Author: Guest
Posted: Mon Dec 15, 2003 12:02 am

Hello All,

How impressed I am by all of the wisdom and knowledge flotting about. How very fortune we all are to be in such company.

My question is quite simple- I am wondering the best way to go about checking my credit scores. Currently I am signed-up with Credit Expert for there trial period. I like being able to look at my report and score anytime. Who are the other companies and which company is the best and easiest to work with? Hassle Free??

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Apply Online for Credit Card with Instant Approval

Author: Verne
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 14 May 2003
Posts: 480
Location: Midwest
Posted: Fri Dec 12, 2003 12:15 am

After trying to resurrect my old Fleet and National City credit card accounts and told I would have to reapply, and after I reapplied with National City and was turned down, I went hunting for a new card I thought might be easier to catch. With 99% credit utilization and a recent inquiry, I was hesitant to apply for anything. But my scores are EXP 726, EQU 696, TU 736 and I have a long credit history free of derogs, so I thought I would give Citibank a shot. Their Illumina card looked to be the one with the lowest requirements: $12,000 annual income and a possible $500 starting credit limit. Even their online application was only a page and a half whereas others I've seen go on for five pages. Anyway it said "instant response" (in 60 seconds), so I submitted my application and waited. At first the seconds turned to minutes and the minutes turned to hours and eventually time stood still. After an eternity, fermented sugar plums dancing in my head, broke the spell. I then became a little giddy, drunk with delusions of huge credit limits and wild spending for what seemed like several seconds. When the mania subsided I entertained myself reciting the words to "Up on the Housetop" and checking to see whether the refrigerator light still worked. After about 30 seconds, I lapsed into paralyzing anxiety with acute borrower's remorse. Wishing I could take back, undo the application, but it was too late. Finally after another 10 seconds I was notified that my answer would be sent to my street address. That don't sound good at all, it really don't.

Verne

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How can I raise my credit score?

Author: Guest
Guest
Posted: Fri Dec 05, 2003 6:10 pm
Post subject: credit highs

Hi Everyone, On several old and new credit cards accounts that I have the credit high is higher than the credit limit should I dispute this? And on others there is an amount in the high credit column, but nothing in the credit limit column should I dispute this? Lastly, I have done everything I know to do to improve my credit score. Do you have any tips? I have disputed any and everything negative which has been a huge help. Now all that I have left are 4 tax liens, 1civil judgement, 2 open credit card in good standing, a paid in full student loan, 3 closed credit cards in good standing, a mortgage with 6 late pays, and lastly no enquiries. Now with all of that said what do you think that I should do next. Thank You all In advance for your advice.

Thank You

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Credit Report Inquiries

Author: Steven
Guest
Posted: Tue Dec 23, 2003 10:53 pm
Post subject: Discover Card Inquiries...

My credit file reflects an extraordinary amount of inquiries from DISCOVER CARD. I have 2 Discover Cards, and I know that these companies do this sort of thing once in a while, but I've never seen so many hits against my file by one company. Are these "inquiries" dragging down my credit score? Are these "Soft" inquiries or actual hits against my credit score? I've called them, and they claim that this is normal and they are actually doing this "for my benefit". I get the same queezy feeling when politicians tell me the same thing. Eugene? ...anybody?

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Credit Card Fraud Alert

Author:Eugene
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 14 May 2003
Posts: 263
Location: Brooklyn, NY
Posted: Sun Dec 21, 2003 6:19 pm

I have gotten this idea recently that I have been thinking about for a couple of days... What do you guys think about setting up a fraud alert with all three credit bureaus when fraud has in fact not happened to me (yet)? In case you did not know, here is how a fraud alert works. When a creditor receives an application for credit from somebody, they pull the credit report(s), and if they see a fraud alert there, they are asked (but not required!) to contact the applicant first by phone on record on the credit report to check if they really applied for the credit. The credit issuer processes the application only if the applicant confirms that they did apply for it. Setting fraud alerts can be done by contacting only one of the three CRAs, and that one will share your request with the other two. All three will send you a free credit report in addition to setting the alert. Removing the alert can also be done - by writing to the CRA(s). Advanatages of the fraud alert are obvious - they increase protection in case your identity is stolen (which happens probably more than you think - 10 million Americans had to deal with that problem in the past year.) The disadvantages are that credit applications will not be processed as fast as you might expect otherwise. "Instant" credit decisions online or in a store will be impossible with a fraud alert, unless the credit issuer chooses to ignore it (which they can legally do if they want to). I just recently got to know that apparently, a fraud alert will NOT stop credit solicitations in the mail - for that you have to make an additional step of opting out of credit card solicitations. I actually want to keep receiving those offers, as they are very often better than what's available without the solicitation. My question to you is: do you see any other reasons NOT to set up fraud alerts as a means to prevent fraud from happening?

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Credit Card Minimum Payment Definition

Author: sharp
Guest
Posted: Mon Dec 08, 2003 5:12 pm

I have no idea about credit cards im only 18 years old but heres my question. My bill this month for my Visa credit card is $385 and the minimum payment due is $25, and i think the whatever its called is 14%. If i just pay the 25 dollars, how much will i owe them later on? thanks in advance

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Inaccurate Credit Report Information

Author: ataloss
Guest
Posted: Sat Jul 19, 2003 10:48 am
Post subject: I don't know what the ***** to do!!!

Someone using a name very similar to mine (different middle initial) and my former address has run up a Judgement and it is posted on my credit repport!!!! The person's SSN is totally different from mine and I have disputed it with the CRAs. But even though the creditor admited they had a different SSN because the name and address matched mine Equifax adn Experian won't remmove it!!!! TransUnion did remove it but the other two won't. This has totally ruined my credit. My scores have sunk from 690 to 615. What the ***** can I do? I am furious!!!!

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