Citi Will Reconsider You for a Credit Card 8 Years After Bankrupcy

Author: uzwife
Posted: Wed May 14, 2003 8:13 pm
Post subject: Citi Will Reconsider You for a Credit Card 8 Years After Bankrupcy


My bankruptcy was discharged 5 years ago this month. We own a home, we have one credit card with a limit of 7500 with Capital One. I just applied for another credit card and they denied me due to my bankruptcy. My credit scores are 630 645 650. Will I only be able to get credit with ""repair"" type companies?

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Author: Brad J
Posted: Wed May 14, 2003 10:01 pm
Post subject: Citi Will Reconsider You for a Credit Card 8 Years After Bankrupcy


Hate to say this, but the good prime issuers (MBNA, Chase, Citi, AMEX, Bank 1) will almost certainly deny your credit card app. due to that BK. Although, I have heard Citi will reconsider if your BK is post 8 years. It does not seem to matter that you own your home, or have a high limit card, the fact that you declared BK is enough of a reason. I filed for BK in '96 and have not had much luck in getting a good prime card.

How to Get Larger Limits on Credit Cards

Author: halegria4
Posted: Wed May 14, 2003 3:47 pm
Post subject: How to Get Larger Limits on Credit Cards

Hi guys I have 2 cards one with a 25k limit and one with 18k limit My scores are 723 733 700 and I have my house and 4 rental properties only one inquirey and no lates ever I would like to get cards with bigger limits if possible any advice. thx Current balances are 16k on first and 5k on second. thx

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Author: ronhead
Posted: Sat May 17, 2003 6:57 pm
Post subject: How to Get Larger Limits on Credit Cards

How to Get Larger Limits on Credit Cards
#1 make more money per year

#2 increase limits on cards you have now by calling R big limits bring bigger limits

Do Car Insurance Companies Run Credit Checks?

Author: Consumercity
Posted: Wed Dec 15, 2004 6:15 pm
Post subject: Do Car Insurance Companies Run Credit Checks?

I've been in the insurance business for over 10 years. Today a guy called for a quote and said he wanted to switch companies because the one he's with now is charging a renewal fee of over $200!!

I've heard of installment fees, late fees, application fees and cancellation fees but I've never heard of companies charging fees to renew policies.

Have any of you heard of this and has it happened to you?

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Author: NightStar
Posted: Wed Dec 15, 2004 6:19 pm
Post subject: Do Car Insurance Companies Run Credit Checks?

That was obviously an adverse action due to something contained in his credit report. That is really messed up with they are charging them kind of fees.

He should get a copy of his credit report, to see why they did this to him,

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Author: Consumercity
Posted: Wed Dec 15, 2004 6:50 pm
Post subject: Do Car Insurance Companies Run Credit Checks?

If the "renewal fee" was charged because of his credit, then his insurance company broke the law. Whenever an adverse decision is based on credit, the insurance company is required to tell the insured and give contact info for the CRA that reported the information. I will advise the insured to question his insurance company about the bogus "renewal" fee and find out for sure why it was imposed. I've never heard credit related premium increases being referred to as a "fee" by any insurance company. If it is credit related, then calling it a "renewal fee" is fraudulent.

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Author: NightStar
Posted: Wed Dec 15, 2004 7:24 pm
Post subject: Car Insurance Fees Based on A Credit Check

I bet you anything that it is resulting from a credit check, and the insurance company failed to disclose to him the fact they checked his credit. Or if they didn't, he may yet receive a letter in the mail.

But if he contacts Choice Point, I am betting he will find a recent inquiry on his credit report.

Insurance companies are allowed to pull at re-newal, just not when a claim is filed.

I can think of no other justification for all of a sudden in the middle of his service with them, to automatically add a re-newal fee... unless it was originally provided for in his contract. But I had not heard of such a thing.

To me it just sounds like a credit check was done.

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Author: Consumercity
Posted: Thu Dec 16, 2004 1:12 pm
Post subject: Car Insurance Fees Based on A Credit Check

NightStar, I agree. The rate increase has to be the result of a credit check. I think it is really messed up that they told him it was a "renewal fee". They broke the law, so I advised the insured to file a complaint with the Ohio Dept. of Insurance

Simple Ways to Improve Your Finances

Board Monitor
Board Monitor/ Administrator
Posted: Wed Jan 05, 2005 11:10 am
Post subject: Simple Ways to Improve Your Finances

Great article on SmartMoney.com entitled "Five Easy Ways to Improve Your 2005 Finances":

http://www.smartmoney.com/consumer/index.cfm?story=20050104

I am proud to say that http://www.cardratings.com is featured in the article.
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com (501) 663-0314

Using a 529 Account for Grandchildren

Author: Lynn
Posted: Mon Nov 29, 2004 11:24 pm
Post subject: Using a 529 Account for Grandchildren

I want to start some kind of savings plan for my 6 year old grandchild. Would a CD be a good option?
I've also thought about the Stock Market. Any suggestions will be appreciated. Lynn

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Author: NightStar
Posted: Tue Nov 30, 2004 9:40 am
Post subject: Savings Funds for Grandchildren


This is not my area of specialty, but I found these links sometime back that may be of use to you.

Quote:
Certificates of Deposit: Tips for Savers

http://www.fdic.gov/deposit/deposits/certificate/index.html


Quote:
Making Sense of Savings*
http://www.obre.state.il.us/CONSUMER/Tips/SAVINGS.HTM


Quote:
ABCs of Figuring Interest*
http://www.obre.state.il.us/CONSUMER/Tips/ABC-INT.HTM

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Board Monitor
Board Monitor/ Administrator
Posted: Tue Nov 30, 2004 10:17 am
Post subject: Savings Funds for Grandchildren


Lynn,

All depends on your risk tolerance. Whatever you choose, putting the funds in a 529 account would be a great option.

By the way, I need a grandmother like you!
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com (501) 663-0314