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Problem with Juniper Bank Credit Card Customer Service
Guest: tmjhope Post subject: Problem with Juniper Bank Credit Card Customer ServicePosted: Sat Aug 26, 2006 1:06 pm How's this for customer service. I paid off my Juniper Bank account on 7/15. I waited until my account showed a $0.00 balance before canceling the card (about three days later). I verified online and over the phone that my balance was $0. So I get a statement emailed to me yesterday that has a balance of $83.06 on it. Upon investigating, Juniper charged me an overlimit fee on 7/25 of $38 plus interest on the fee (my interest rate was high) then charged me a late fee on 8/21 of $38 (again, charged interested). I called customer service who said the overlimit fee was suppose to appear on my account on 7/11/06. Interestingly enough the statement shows 7/25/06 as the date of the transaction with a description "Overlmit Fee 07/11/06". I stated it's impossible to CHARGE the fee 10 days after the account was paid in full. So the rep says she can reverse the overlimit fee, but not the late fee and transfers me to her supervisor. The supervisor said he would not reverse either fee. When I said that I was already told the overlmit fee would be reveresed and as the late fee was only charged because of the overlmite fee, both should be reveresed and my account would be brought to $0. He was very angry and said, "She said that?!" and put me on hold. When he back on the phone he said he confirmed that she told me the overlmit fee would be reversed and that he would take my balance down to $0. He said I would get another statement showing a $0 balance. He was clearly not happy about it. The thing is, if she hadn't fessed up to waiving the fee, I would have been on the hook for the $83.06 - even though as of 7/17/06 my balance was $0. What ever happened to customer service and doing the right thing? I shouldn't have had to get argumentative to get this straightened out.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sat Aug 26, 2006 4:27 pm I guess it was a good thing I was DENIED for the "PRE-APPROVED" USAIR CARD
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Guest: Board Monitor Board Monitor/ Administrator Posted: Sat Aug 26, 2006 6:24 pm Lol Mouse! _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews Sign up for our free monthly e-mail newsletter!
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Sun Aug 27, 2006 8:46 am yep...mouse...looks like the worst cards deny you...
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 27, 2006 1:00 pm maddybeagle wrote: yep...mouse...looks like the worst cards deny you... Something is really WRONG when people with no so perfect credit gets something I CAN'T
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No Pre-Set Limit with Visa Signature Credit Card
Guest: creditnewbie Credit Expert (100+ Posts) Post subject: No Pre-Set Limit with Visa Signature Credit CardPosted: Sun Aug 27, 2006 2:35 pm I read a while ago that Visa signature and World Mastercard target people with $120,000+ household income.
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Guest: BLT Posted: Sun Aug 27, 2006 5:16 pm creditnewbie wrote: I read a while ago that Visa signature and World Mastercard target people with $120,000+ household income. Target, possibly, but I'm making less than that (not $20k but not even close to 120 either) and have the BoA Visa Signature (formarlly MBNA's card).
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Guest: rapjunkie Credit Expert (100+ Posts) Posted: Sun Aug 27, 2006 5:23 pm You should have no problem with those scores and low debt to income ratio. I personally don't think signature cards are a big deal, as I like to know what my credit limit is, and focus more on rewards than perks.
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Visa Signature Credit Card Requirements?
Guest: AustininNC Post subject: Visa Signature Credit Card Requirements?Posted: Sun Aug 27, 2006 9:28 am Hello, I'm new to this site and have to say that I've found it very informative... I have a question about Visa signature cards. What are the requirements for this and how strict are they with them? Background: FICO- 775+- (My wifes is about the same) Annual Income- $50K ($70K including my wife) Number of other cards- 1 (wife has 2) Debt to income ratio- 35%total Just wondering what my chances are of getting this card or something simular...If it's impossible, are there any other suggestions for a card along these lines? Thanks in advance, Austin
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Guest: cled Posted: Sun Aug 27, 2006 11:15 am AustininNC wrote: Hello, I'm new to this site and have to say that I've found it very informative... I have a question about Visa signature cards. What are the requirements for this and how strict are they with them? Background: FICO- 775+- (My wifes is about the same) Annual Income- $50K ($70K including my wife) Number of other cards- 1 (wife has 2) Debt to income ratio- 35%total Just wondering what my chances are of getting this card or something simular...If it's impossible, are there any other suggestions for a card along these lines? Thanks in advance, Austin AustininNC, requirements: not much of significant difference from those of Platinum... except for its benefits... its just a NO-preset limit card... you may be allowed charges beyond its REVOLVING limit ... if ever you intend to go for such card (no preset limit), i would say go for Citi's Premier Pass Card (one with no annual fee)... experience: the easiest of all citi cards and provides highest credit lines... all best for you..
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Guest: heavyjay Posted: Sun Aug 27, 2006 11:15 am I got the Chase Flexible Rewards Signature Visa with an Equifax of 702. 0% on purchases and BT's until Nov 2007. The go to rate is 8.99%. _________________ Jay
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Guest: hdporter Credit Expert (100+ Posts) Posted: Sun Aug 27, 2006 11:42 am Approval should be no problem. If you expect to carry a balance occasionally, a card such as the Chase Sig. is desirable given the favorable 8.9% F int rate. Based on your household income, I would expect a limit upwards of $8K-$10K would be extended. - H.
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Should I do a credit card balance transfer offer or cash advance?
Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Post subject: Should I do a credit card balance transfer offer or cash advance?Posted: Sun Aug 27, 2006 1:18 pm ANYBODY WITH A BRAIN WOULD SAY A BANK WOULD BE STUPID TO REFUSE A DEPOSIT...BUT THEY CAN IF THEY WANT A CHECK/DEBIT CARD IS NOT REALLY A "CREDIT CARD" (and you don't really make payments to it like a CREDIT CARD) A BT IS A "PAYMENT"
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Guest: paulagre Posted: Sun Aug 27, 2006 1:32 pm whats my best bet in trying to get 0 interest 5000$ to my checking acct
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 27, 2006 2:40 pm paulagre wrote: whats my best bet in trying to get 0 interest 5000$ to my checking acct ASK FOR A CHECK TO DEPOSIT "IF" THEY WON'T EFT TO YOUR CHECKING MBNA is the only card I have that will do an EFT to my checking account
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Credit Card Balance Transfer or Cash Advance?
Guest: paulagre Post subject: Credit Card Balance Transfer or Cash Advance?Posted: Sun Aug 27, 2006 12:54 pm When I have done balance transfers before on 0 interest cards they ask for card number. my check card acts as a visa so could i technically enter that number and have a credit card blance transfered into a checking account?
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 27, 2006 1:04 pm paulagre wrote: When I have done balance transfers before on 0 interest cards they ask for card number. my check card acts as a visa so could i technically enter that number and have a credit card blance transfered into a checking account? A CHECK CARD (DEBIT) "CAN" WORK FOR A BT The problem is that it also may NOT work and it is not a good idea to have a deposit that in so many words "BOUNCES" Last edited by mouse on Sun Aug 27, 2006 1:14 pm; edited 1 time in total
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Guest: paulagre Posted: Sun Aug 27, 2006 1:12 pm What do you mean bounce? wouldnt they just simply not accept the balance transfer?
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 27, 2006 1:15 pm paulagre wrote: What do you mean bounce? wouldnt they just simply not accept the balance transfer? SENT BACK TO THE SENDER (REFUSED) Even if it is a good deposit (fully paid) FUNDS AVAILABLE
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What if my credit card application is denied?
Guest: xanthier Post subject: What if my credit card application is denied?Posted: Sun Aug 27, 2006 3:50 pm I've been wanting to get a credit card, i had one in the past, but it changed banks and no longer exists I think. I applied for a CC at Capital One for credit that "Needs Improvment" . I'm not sure this is the right one cause there was also a "Limited Credit" card and I have only had credit for about a year and a half and my credit is rated as "Fair". If my application comes through as denied, I need some advice on what to do next. I'd like a credit limit of at least $3000, I should have come here before applying, maybe someone could tell me if/when it would be wise to reapply and the best place for my needs. Thank you.
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 27, 2006 3:53 pm Come on. Use your head. You're asking a bunch of strangers for advice about the best card to suit your needs--and you tell us nothing at all about your income or employment or the negatives on your credit history or what those needs are, except that you want at least $3000. How can we possibly know what to recommend without more information? _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 27, 2006 3:58 pm Quote: "xanthier" I've been wanting to get a credit card, i had one in the past, but it changed banks and no longer exists I think. I applied for a CC at Capital One for credit that "Needs Improvment" . I'm not sure this is the right one cause there was also a "Limited Credit" card and I have only had credit for about a year and a half and my credit is rated as "Fair". If my application comes through as denied, I need some advice on what to do next. I'd like a credit limit of at least $3000, I should have come here before applying, maybe someone could tell me if/when it would be wise to reapply and the best place for my needs. Thank you. NEEDS IMPROVEMENT AND YOU "WANT" $3,000??? People with "GOOD" credit sometimes get $200-->$1,000
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Sun Aug 27, 2006 5:05 pm my first 2 credit cards were 500 and 1000....you have to start somewhere...
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Guest: rapjunkie Credit Expert (100+ Posts) Posted: Sun Aug 27, 2006 5:16 pm By the way, unless you cancelled the old credit card account you had or received notice about it being cancelled, it is quite possible that it still exists on your report but is reported to the bureaus as inactive. You might want to look into that and get it active again so that you have that credit history.
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Used Credit Card to Pay for Vacation
Guest: alphablack Post subject: Used Credit Card to Pay for VacationPosted: Sat Aug 26, 2006 2:36 pm Me too RacieRacer, me too!
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Sat Aug 26, 2006 2:58 pm Quote: I'll say though that when I read that about a vacation in your OP, well that did stick out like a sore thumb. pretty much....I read somebody say once that a lot of folks post on message boards looking for affirmation rather than information....I think OP wanted more folks to say "it isnt fair what wells did"...
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Guest: alphablack Posted: Sat Aug 26, 2006 3:26 pm maddybeagle wrote: Quote: I'll say though that when I read that about a vacation in your OP, well that did stick out like a sore thumb. pretty much....I read somebody say once that a lot of folks post on message boards looking for affirmation rather than information....I think OP wanted more folks to say "it isnt fair what wells did"... Most people reach an age where they realize life isn't fair. "Fair," is an artificial perception and we all know life doesn't deal at out the cards evenly to all and sunder. I think what happened was unfortunate, but as you pointed out, credit card banks can do what they want. What is unfortunate and what I can empathize very clearly with is that nkyPhotog had proven himself. It's unfortunate that Wells didn't look at his circumstances and work with him as he had proven to be a good customer (so far). I'm from Northern California and grew up with a Wells Fargo on many a street corner (read: strip-mall). I certainly would think twice about doing business with them. Their business practices seem to be lacking if their credit underwriting department approved 12k accounts when they should not have been (or at least their IT department wasn't doing a very good job of administering their systems). I clearly saw someone seeking advice; you Maddybeagle saw someone looking for sympathy. I believe it was Anis Nin who wrote, "We don't see the world as it is, but as WE are." What are you looking Maddybeagle when your perception is, "a lot of folks post on message boards looking for affirmation rather than information....I think OP wanted more folks to say "it isnt fair what wells did." I'm done with this topic. I'm choosing to see it as, 'closed.'
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Guest: 9855donna Posted: Sun Aug 27, 2006 4:37 am Polonius wrote: I post my opinions based on what I read. If I don't have the complete picture, I can be wrong and I'm sorry about that. But I don't feel any guilt for being wrong. Like all of us, I do the best I can with the information at hand. Quote: I could have paid my car insurance using my checking account That wasn't in your original post. I still think it doesn't make much sense to use a credit card with such a high interest rate, especially if you have an alternative. You say you own your house outright. Why not just get a HELOC and pay off all your debts? Why pay 20%+ interest when you don't have to? Excuse me for jumping in here to say 'Taking out a 'Secured' Loan to pay 'Unsecured' Debt is NOT a wise thing to do.The OP certainly has the right to make his/her own decision but I would not put my home on the line to payed 'unsecured' debt. NOT a good idea. Good Luck whatever you decide. _________________ donna
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 27, 2006 4:10 pm Quote: Taking out a 'Secured' Loan to pay 'Unsecured' Debt is NOT a wise thing to do Why is that? Why is paying 20%+ better than paying the HELOC interest of 8% or so (which is usually tax deductible too). I read this sort of advice all the time. Mortgage good debt. Credit card bad debt. Car loan good debt. Balance transfer bad debt. It makes no sense. Debt is debt, money is money. If you owe money, pay the least interest you can. Period. If you're a deadbeat planning to borrow lots and then declare bankruptcy, I suppose keeping the debts all unsecured is a good idea. But if you're honorable and intend to repay your debts, why stick to unsecured debt when secured debt costs you less interest? _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Credit Card Account with Wells Fargo Closed
Guest: RacieRacer Credit Expert (100+ Posts) Post subject: Credit Card Account with Wells Fargo ClosedPosted: Sat Aug 26, 2006 1:53 pm edited due to misread post. Last edited by RacieRacer on Sat Aug 26, 2006 2:30 pm; edited 1 time in total
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Guest: alphablack Posted: Sat Aug 26, 2006 2:21 pm nkyPhotog You're welcome. I don't think anyone comes to these forums to be judged. Your original explanation of the situation was clear and concise - there should not have been a need for you to go into detail about what you did on your vacation or that you worked part time whilst on it. You clearly showed that you were a good credit risk by the way that you handled your accounts with Wells Fargo, who subsequently closed them. Mouse is right, you proved yourself! Judgment of others comes quickly to some. My point was and is; you asked for help and advice on how to rectify the Wells Fargo issue when they closed your account. You did not ask for summary judgment on how you choose to spend your holiday. You've worked hard to avoid declaring bankruptcy, something everyone should appreciate. A lot of America is one pay check away from bankruptcy - you my friend have fought hard to repair your credit and pay back your creditors! I don't want to get into politics, but I don't need anyone saying my freedom of speech is directly attributable to their years of service in the Navy or the loss of their leg during that tenure. It had nothing to do with the topic of the thread nor did it do anything to right the wrong of judging you so harshly – it was thrown in for effect. It was pure defensiveness. Good luck nkyPhotog and keep being strong!
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Guest: alphablack Posted: Sat Aug 26, 2006 2:23 pm RacieRacer - either you are being ironic or you missed Bikshu's irony...
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Guest: RacieRacer Credit Expert (100+ Posts) Posted: Sat Aug 26, 2006 2:29 pm alphablack wrote: RacieRacer - either you are being ironic or you missed Bikshu's irony... I guess you are right. i just re-read it, lol. I just hate South Park with a passion. My DH watches it and I hate it. Well it is true though, that is something that I'd hear on South Park.
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Ask Wells Fargo to Re-Open Credit Card Account
Guest: Bikshu Post subject: Ask Wells Fargo to Re-Open Credit Card AccountPosted: Tue Aug 22, 2006 5:12 am Right off the bat I want to make it clear that I want absolutely nothing to do with the entirety of this discussion. I didn't read any of these posts other than the last one and I don't have time to start reading them now. I'm perfectly content assuming that you guys all gave the original poster good advice. That said, I simply have to comment on the one random thing that I did read: Quote: Don't throw your missing leg into the mix - it gives you one less leg to stand on when you treat someone else poorly. Amazing. Its like Confucious meets Peter Griffen from Family Guy. Or a fortune cookie straight out of a Southpark episode. How on earth did you come up with that? You, my friend, should be a copy writer for American Greetings or Hallmark. Brilliant... honestly brilliant... By the way, I mean no disrespect to whoever that comment was directed toward. Again, I am speaking only to that one sentence as it stands alone. I don't know or care to know anything about the context in which it was used...
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Guest: nkyPhotog Posted: Tue Aug 22, 2006 6:50 pm Alphablack, I appreciate your support. It is good to know that not everyone treats you like your a guest on Jerry Springer show just because you have poor credit. I like your proverb and have one to give back to you. "Sometimes you have to realize that your sole purpose in life is to be a warning to others!"
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Guest: RacieRacer Credit Expert (100+ Posts) Posted: Sat Aug 26, 2006 1:45 pm alphablack wrote: We all make sacrifices and have made sacrifices. My point is neither you nor Polonius had the full picture; you just jumped on the guy and pretty much branded him as a loser. It wasn't fair of either of you. Now if you feel guilty about that good, it shows you have compassion. Compassion however is not a replacement for empathy. Try ascertaining the facts next time. Don't throw your missing leg into the mix - it gives you one less leg to stand on when you treat someone else poorly. I have to say this post of yours here ^ is 1000 times more harsh than any other post in this thread.
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Guest: RacieRacer Credit Expert (100+ Posts) Posted: Sat Aug 26, 2006 1:51 pm nkyPhotog wrote: Alphablack, I appreciate your support. It is good to know that not everyone treats you like your a guest on Jerry Springer show just because you have poor credit. I like your proverb and have one to give back to you. "Sometimes you have to realize that your sole purpose in life is to be a warning to others!" I will agree that some of the posts toward you have been a little harsh, but I also agree with the underlying point they were trying to make, which didn't have to be so harsh, btw. I'll say though that when I read that about a vacation in your OP, well that did stick out like a sore thumb. I didn't know, and still don't know the details of your 'work/vacation' journey, but I hope you get things lined out and things start going your way. Mouse is right, try sending a goodwill letter to WF about re-opening your account, stressing that you were never late or over the limit.
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Use Credit Card to Re-establish Credit Instead of Bankruptcy
Guest: alphablack Post subject: Use Credit Card to Re-establish Credit Instead of BankruptcyPosted: Mon Aug 21, 2006 2:54 pm Ah, see Polonius and Chris92056, your harsh judgment was a bit too quick. How very American of you
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Aug 21, 2006 9:04 pm I post my opinions based on what I read. If I don't have the complete picture, I can be wrong and I'm sorry about that. But I don't feel any guilt for being wrong. Like all of us, I do the best I can with the information at hand. Quote: I could have paid my car insurance using my checking account That wasn't in your original post. I still think it doesn't make much sense to use a credit card with such a high interest rate, especially if you have an alternative. You say you own your house outright. Why not just get a HELOC and pay off all your debts? Why pay 20%+ interest when you don't have to? _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: chris92056 Posted: Mon Aug 21, 2006 10:13 pm alphablack wrote: Ah, see Polonius and Chris92056, your harsh judgment was a bit too quick. How very American of you This is the time I have to remind my self that I proudly served 23-years in the U.S. Navy, earned two purple hearts and have no leg to stand on -- because it was "left" in Gulf War Sr. -- so people like alphablack can spout off in a nation of freedom. I do not know you, and do not wish ill will on you alphablack, however it is you that jumped. I cannot speak for Polonius, however the post remains right on target. I understand what the original poster was trying to do -- juggle finances around to build credit up -- however, in my case, I struggle every month to not to live beyond my means. The poster came here looking for advice and sometimes reality hurts. I also believe the original poster has done good by not going the bankruptcy route and believe he has worked hard at reestablishing himself. With that written, peace .... no more fighting, harsh judgements or a war of words. Respecfully, chris92056
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Guest: alphablack Posted: Tue Aug 22, 2006 3:57 am We all make sacrifices and have made sacrifices. My point is neither you nor Polonius had the full picture; you just jumped on the guy and pretty much branded him as a loser. It wasn't fair of either of you. Now if you feel guilty about that good, it shows you have compassion. Compassion however is not a replacement for empathy. Try ascertaining the facts next time. Don't throw your missing leg into the mix - it gives you one less leg to stand on when you treat someone else poorly.
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Should I fight to keep my credit card account open?
Guest: chris92056 Post subject: Should I fight to keep my credit card account open?Posted: Sun Aug 20, 2006 3:35 pm I agree with Polonius, he should not have taken a vacation living on a very tight budget. Sometimes reading a slap of reality is what a person needs.
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 20, 2006 4:08 pm Let me state it clearly once again--I'm just a poster like anyone else. I have no special responsibilities here. I say what I think. You're free to disagree. Do you think it makes sense to borrow money for a vacation at 24%-29% and keep your little remaining credit completely tapped out? SOMEBODY should grow up here...and I don't think it's me. Would YOU go on vacation when you don't have a hundred bucks to your name--and when the credit you're relying on for living can be cancelled at any time? Geez. _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: nkyPhotog Posted: Sun Aug 20, 2006 5:36 pm Quote: You're really on the brink of bankruptcy. You don't even have a hundred bucks available for a necessity like paying your car insurance. You were borrowing at a high rate of interest and using the funds for day-to-day living expenses. Not true. I should have filed bankruptcy after my divorce but in the past three years, I have managed to eliminate about 1/2 of my dept. I owed around $25,000 when I got divorced. Today, all of my bills combined is around $12,000. Also, I could have paid my car insurance using my checking account but decided to use the credit card since I needed to pay it right away and they would only take a credit card online. So I sent in a $200 payment to the credit card and was only going to use $118 for the car insurance. While that does leave me short this week, it isn't going to bankrupt me. I just have to wait until next week and reapply for my car insurance and pay additional fees. This is just the second time in three years that I have been late on a payment for a bill. I have been at my current job for five years and make around $500 a week. My home is paid for and my only expenses each month are utilites, a car payment, and a few small loans at my credit union. Quote: You couldn't afford a vacation. When you're on the brink like this, you do all you can do get out of it. If your employer forces you to take a vacation, you work during that vacation at some part-time or temp job. You don't borrow money to have fun. Good point. Except for the fact that I only charged about $500 for my vacation. I only used it so that it would show up on my credit report. As for the part-time job, I actually did work on my vacation and made enough money to cover the car rental, food, gas, lodging and the week after I got back I was able to send in a $200 payment to Wells Fargo. Since then I have had to use it twice, once when my breaks went out on my car ($330) and once to have a hitch added to my car ($320). Now before you say that the hitch was a waste of money. The part time job that I have requires us to rent a car to haul used equipment from one state to another. By adding the hitch, I can use my own car and pocket the money that would be used for a rental. I have used my car twice since then and have made back the money that I spent plus some. Quote: You've simply shown that Wells Fargo was correct. You are not a good credit risk. You should NOT have gotten a card. You don't know how to handle your money. Really? No what I don't know how to handle is marriage. You would be surprised how much damage a spouce can do by not paying any bills for a few months and you not finding out about it until you start getting the phone calls, etc. etc. My wife would come to me for the bill money each month and I gave it to her. I had no reason to believe that she wasn't paying the bills. I trusted her. Do I blame her for my troubles? No, the bills are mine, they were in my name and I should have been more careful but it is a little too late to worry about that now. In fact, in the divorce, I had them put down that I would pay 100% of all the bills from the marriage. Again, I have managed to eliminated 1/2 my debt in three years. So I am not a good credit risk for what reason? Quote: Sorry to be harsh--but based on what you've posted here, that's the only conclusion I see. I really didn't want to post so much detail as to what I did use the card for and my financial status. I didn't think it was anyone's business but I guess I was wrong. Hopefully this will clear up your conclusions.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 20, 2006 5:52 pm Quote: "nkyPhotog" mouse wrote: I WOULD SAY FIGHT TO KEEP IT I wish I knew how to fight it. Hopefully, I will receive a notice in the mail and that it will have an option listed to dispute it. But I am sure that somewhere in their paperwork they have a clause that states that they can cancel my account for any reason at any time. ANY ACCOUNT CAN BE CLOSED FOR ANY REASON or NO REASON AT ANY TIME But you can also show them how you deserve a chance since you were never late or over limit for how-ever long All they can do is say NO
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Wells Fargo Credit Card Cancelled
Guest: nkyPhotog Post subject: Wells Fargo Credit Card CancelledPosted: Sun Aug 20, 2006 12:18 pm mouse wrote: I WOULD SAY FIGHT TO KEEP IT I wish I knew how to fight it. Hopefully, I will receive a notice in the mail and that it will have an option listed to dispute it. But I am sure that somewhere in their paperwork they have a clause that states that they can cancel my account for any reason at any time.
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 20, 2006 1:08 pm Look, I sympathize and I know that you're in no mood to hear a lecture from me. But there are others reading this, and I want to point something out. You're really on the brink of bankruptcy. You don't even have a hundred bucks available for a necessity like paying your car insurance. You were borrowing at a high rate of interest and using the funds for day-to-day living expenses. Quote: I used the Visa to go on vacation. You couldn't afford a vacation. When you're on the brink like this, you do all you can do get out of it. If your employer forces you to take a vacation, you work during that vacation at some part-time or temp job. You don't borrow money to have fun. You've simply shown that Wells Fargo was correct. You are not a good credit risk. You should NOT have gotten a card. You don't know how to handle your money. Sorry to be harsh--but based on what you've posted here, that's the only conclusion I see. Again, good luck. And I still think Wells Fargo was wrong in the way it treated you when it closed your card. _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: alphablack Posted: Sun Aug 20, 2006 2:35 pm Wow, Polonius! Talk about harsh. I'm disappointed to see someone who is a senior member of the forums acting in such a way. Your patronizing and condescending tone isn't fair. Someone who's over paid their credit card with the intention of then paying their car insurance so that they can continue to build their credit score up isn't a loser. Maybe take a chill pill and try encouraging people instead of telling them that they should work a par-time job on their holiday. We should all be as lucky as you to look down from such lofty heights on someone who is struggling after a divorce. How is that rarefied air up their? I don't think anyone on here needs your advice on how to live their lives.
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Sun Aug 20, 2006 3:31 pm I dont see any reason to fight it...they can close the account if they want...
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Credit Card to Rebuild Credit After Divorce?
Guest: nkyPhotog Post subject: Credit Card to Rebuild Credit After Divorce?Posted: Sun Aug 20, 2006 9:08 am I have been trying to get my credit repaired after my divorce and have worked hard at cleaning up old debts without filing for bankruptcy. About two months ago, I read about Wells Fargo helping those with less than perfect credit so I went to one of their offices and applied. I was surprised when the person I dealt with said that they could give me a $1000 Cash On Demand loan and a Visa card with a $1000 limit. The interest rate was very high (24-29%) but since I needed something to help me build my credit, I accepted. I used the COD loan to pay off some old medical bills to keep them from being turned over to collections. I used the Visa to go on vacation. I have made every payment on time and paid more than the due amount. Thursday, I sent in a $200 payment on the Visa. The due amount was only $34 and wasn't due until Sept 1. After making the payment, I went online to check my available balance only to find that it was $0. I switched accounts and saw that my COD was also a $0. I called to find out why and was told that Wells Fargo cancelled over 12,000 accounts. When I asked why my account was closed, they told me that there had been a glitch in their system a couple of months ago and that I never should have received either account in the first place. I was wondering if anyone knows if there is anyway to fight this and if this will damage my credit or not?
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 20, 2006 9:56 am This is one reason why I hate Wells Fargo, which is my main bank and has been for 13 years. (It won't give me any credit card--but it's convenient. Sigh.) That said, banks can do anything they want at any time and you have no recourse about such things. Wells SHOULD have told you in advance it was going to do this, SHOULD have given you time to notify any regular billers to stop charging that card. But banks always seem to act immediately and close the accounts. In a week or two, you should receive a letter telling you of its action. I never understand why Wells wouldn't email or phone clients about such things before closing the accounts--it has that contact information, but only uses it to send ads proclaiming how great it is. You could call again and ask to speak to someone else. Can't hurt, might help. But odds are that will be pointless IF the first person you spoke with had the right information. There's always a possibility that the person you spoke with made up the answer--that there was some security breach of some sort and, yes, the accounts were closed--but a new account with a new number will take its place. I doubt that, but there MIGHT be such an error. I'd make that second call to confirm the story was right. I checked on Google and couldn't find anything about 12,000 accounts being cancelled. As for your credit score, complaining isn't going to do any harm. If what you were told is correct, you'll simply have a report showing an account closed by issuer. Pay it off according to your usual terms--you can't be forced to pay it off faster as long as you're paying as agreed. (But at that interest, you should pay it off as fast as you can anyway.) Any harm to your credit score has already been done. But anyone looking at your credit report may think you're a problem because you owe money on a closed card. Pay that card off as soon as you can! _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: nkyPhotog Posted: Sun Aug 20, 2006 11:49 am That is pretty much what I thought the answer would be. I should be able to get both of them payed off within 12 months but I doubt if I can do it any sooner than that. In order to do that I need to make a $100 payment to each account each month. The $200 I just sent in to my credit card, I was going to use $118 of it to pay my car insurance. Since they closed my account, I don't have any money now to pay for the insurance and my insurance company has no grace period so they cancelled my policy on the 18th. Now I have no car insurance, no money, no credit card and my credit report will now show a cancelled account by the insurer. I think I am worse off now than if I hadn't tried to improve my credit in the first place. Since my divorce three years ago, I have raised my credit score from a 520 to a 620. But I just checked it again today and I am now at 515.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Aug 20, 2006 12:01 pm Quote: "nkyPhotog" I have been trying to get my credit repaired after my divorce and have worked hard at cleaning up old debts without filing for bankruptcy. About two months ago, I read about Wells Fargo helping those with less than perfect credit so I went to one of their offices and applied. I was surprised when the person I dealt with said that they could give me a $1000 Cash On Demand loan and a Visa card with a $1000 limit. The interest rate was very high (24-29%) but since I needed something to help me build my credit, I accepted. I used the COD loan to pay off some old medical bills to keep them from being turned over to collections. I used the Visa to go on vacation. I have made every payment on time and paid more than the due amount. Thursday, I sent in a $200 payment on the Visa. The due amount was only $34 and wasn't due until Sept 1. After making the payment, I went online to check my available balance only to find that it was $0. I switched accounts and saw that my COD was also a $0. I called to find out why and was told that Wells Fargo cancelled over 12,000 accounts. When I asked why my account was closed, they told me that there had been a glitch in their system a couple of months ago and that I never should have received either account in the first place. I was wondering if anyone knows if there is anyway to fight this and if this will damage my credit or not? You should have NEVER been approved is fine BUT YOU HAVE PROVED YOURSELF WORTHY I WOULD SAY FIGHT TO KEEP IT
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