Excellent credit today - but multiple charge offs from many credit cards 12 years ago

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Secretlurker
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Re:

Postby Secretlurker » Mon Jun 15, 2015 9:36 pm

mdawg wrote:I received another letter from AMEX inviting me to apply again, saying that they only keep applications on file for a certain amount of time. I'm certain it's a generic letter, and I don't want to waste a credit inquiry just to be denied again because my old accounts were cancelled with AMEX.

In the meantime I got a few more credit cards from the remaining big banks out there, which brings my current unsecured credit available to $150K, so obviously I have good credit and recognized income. I'm waiting on another card I applied for which should bring my total available credit around $170K. I don't think I'll apply for anything else until next year, and I don't even need the money just like having it available for large purchases that I pay off in full at end of each billing cycle. I like the credit card cash rebates and I like buyer protection policies. What I'll do over the next couple years is probably just steadily increase each credit line as I prove myself. I'm sure I'll have $500K unsecured available within a few years.

I'm not interested in any AMEX card other than the Platinum because of the benefits.

Probably what I will do with AMEX is wait until 2015, and then reapply with AMEX. I was thinking of having me added as an authorized user on family members' AMEX Platinums (many other family members and relatives have the AMEX Plat), but that might jeopardize their accounts if AMEX figures out who I am lol.


Y'all believed this guy?


MemberSince99
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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby MemberSince99 » Tue Jun 16, 2015 7:26 am

Nixon wrote:Yeah....

That can be remedied quite easily.. If not for a veteran member.



The way you put that makes me think the same dude who banned me also banned you. He was away from there for a while, but apparently now he's back with 850 across the board, banning anyone he feels like.

I look at it as a favor, though not intended, but in hindsight I'm glad I'm banned. I truly would not go back there but I will be banned as long as there is a site so it's a non-issue. I like to read as I still learn things over there, but I sure have nothing I care to contribute.

JohnChin
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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby JohnChin » Sun Jun 21, 2015 2:45 pm

this mdawg guy really the greatest i admire what he do A LOT! He sent me private tips too to build my credit up and look after follow his advice I get some credit cards big limit. i akready working on it before but he tell me exactly how finish the job proper.

Vermonster
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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby Vermonster » Sun Jun 21, 2015 3:37 pm

JohnChin wrote:this mdawg guy really the greatest i admire what he do A LOT! He sent me private tips too to build my credit up and look after follow his advice I get some credit cards big limit. i akready working on it before but he tell me exactly how finish the job proper.


I really, really, really hope this is sarcasm. Unless you just did the exact opposite of what he said to do.
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CarefulBuilder14
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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby CarefulBuilder14 » Sun Jun 21, 2015 4:25 pm

Vermonster wrote:
JohnChin wrote:this mdawg guy really the greatest i admire what he do A LOT! He sent me private tips too to build my credit up and look after follow his advice I get some credit cards big limit. i akready working on it before but he tell me exactly how finish the job proper.


I really, really, really hope this is sarcasm. Unless you just did the exact opposite of what he said to do.

I'm not sure if JohnChin is a troll or seriously clueless. He mentioned some major card fraud problems a while back - problems so significant anyone diligent with credit would have noticed them long before he said he did.
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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby Nixon » Sun Jun 21, 2015 4:41 pm

I applaud the OP. Working the system. Same as they will work us over when the chips don't come in.
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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby MemberSince99 » Sun Jun 21, 2015 5:14 pm

Nixon wrote:I applaud the OP. Working the system. Same as they will work us over when the chips don't come in.



If we behave the same how are we any better?

I've burned plenty of lenders in the past. I don't make excuses for why because no one cares. It's sure nothing to be proud of. The fact that a lot of these fools got my taxes as bailout money doesn't make it right that I go burn them. I did find it just ironic as hell that only a few short years before they got bailouts, these people were saying how we have to tighten the BK laws to keep "deadbeats" from defaulting. Of course, that's only individual deadbeats, not the corporate kind who are only too happy to dump their debt at will (ask Donald Trump it's business not personal). Yeah it's a bunch of BS, and the system is rigged in their favor and we ALL know that for a fact. When you buy the government fair and square, you have every right to expect a return on investment on the hos who call themselves our "representatives" (though damned if I know any way they represent me). All of that is crap, but if I behave the same way, then I'm no better and have no right to complain about it, or I'm a hypocrite. Kind of like them. They are the first to moan and whine about losers getting foodstamps. Ok fair enough, but what right do you have to condemn that when you take a hell of a lot more than that for your bailout to give yourself a huge bonus (for that awesome performance that damn near ruined your company) or go to a retreat at a lush resort? They make me sick with their level of BS and hypocrisy, so I sure don't want to be anything like them.

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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby whit » Sun Jun 21, 2015 11:36 pm

MemberSince99 wrote:
Nixon wrote:I applaud the OP. Working the system. Same as they will work us over when the chips don't come in.



If we behave the same how are we any better?

I've burned plenty of lenders in the past. I don't make excuses for why because no one cares. It's sure nothing to be proud of. The fact that a lot of these fools got my taxes as bailout money doesn't make it right that I go burn them. I did find it just ironic as hell that only a few short years before they got bailouts, these people were saying how we have to tighten the BK laws to keep "deadbeats" from defaulting. Of course, that's only individual deadbeats, not the corporate kind who are only too happy to dump their debt at will (ask Donald Trump it's business not personal). Yeah it's a bunch of BS, and the system is rigged in their favor and we ALL know that for a fact. When you buy the government fair and square, you have every right to expect a return on investment on the hos who call themselves our "representatives" (though damned if I know any way they represent me). All of that is crap, but if I behave the same way, then I'm no better and have no right to complain about it, or I'm a hypocrite. Kind of like them. They are the first to moan and whine about losers getting foodstamps. Ok fair enough, but what right do you have to condemn that when you take a hell of a lot more than that for your bailout to give yourself a huge bonus (for that awesome performance that damn near ruined your company) or go to a retreat at a lush resort? They make me sick with their level of BS and hypocrisy, so I sure don't want to be anything like them.


I think you've had this a bit skewed and the inside job is a good movie to watch that would better explain it.

Some of the big companies that participate in these swaps, like countrywide, eventually got brought out by the "big banks" like Bank of America. Or bear sterns with Jpmorganchase.

It wasn't so much tax payers as those who brought it at a "solid" rating, those who had their 401k, pension and brokerage composed of these faulty loans, that suffered.

It is those who had no business borrowing upwards of 99% of the value of the home and defaulted, that contributed to it as well as salesman/woman (let's call them what they are instead of bankers) that had no problem selling these notes by the truckload even if they wouldn't buy it themselves to generate bigger bonuses.

It's like that time a woman came into the store I worked at and wanted to return three purses, two of which is obviously used..after not being able to return it with the excuse of it was sold to me that way, she ranted, "I didn't even want to but it, he made me!!"

No one made those folks take out a refi, overextending themselves, taking that cash out to use on things like luxury cars, electronics, etc.

But they sure were sold it, and admittedly, the salesman should have a duty, while investments are not guaranteed, they should not make recommendations that are unsuitable.

At the end of the day, the system was bad but you have to ask yourself, who put the system in place and who elect those who have the power to put the system in place, or influence the way the system funcitons.

The root of the problem is so much bigger than just the "taxpayer" bailouts. It's the equality of access, the truth in knowledge, and the responsibility of ensuring future generations existence.

MemberSince99
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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby MemberSince99 » Mon Jun 22, 2015 7:32 am

No one forced those bankers to make the loans. They have a responsibility to verify that there is a reasonable chance of being paid back. They did not do that and in fact many of them pushed loans they knew were a bad idea because they profited from it.

If I did that, I'd get fired. But they got bonuses. It's really ironic coming from the "personal responsibility" crowd, I mean that's just rich.

Did some homeowners do stupid things based on speculation? Yep they figured properties were an endlessly appreciating piggy bank. As a result many of them got foreclosed on. Hard to feel sorry for them. Likewise hard to feel sorry for the poor bankers who only got bonuses for their stupidity. I find that when it comes to "rugged individualists", personal responsibility is only important when they are looking at everyone else - they are NEVER, EVER personally held accountable the same way they want others to be.

Just my take.

And from my perspective, it's my tax dollars that got thrown at these clowns. If I lose my job even through no fault of my own, I'm told Tough Situation baby, you're on your own. Sorry but I won't be organizing the pity party for these poor folks. They can do that themselves with the tax money they conned out of this government.

Bitter? Yep just a bit. These guys are going to push it to the point of telling the rest of us to eat cake, and I personally hope they get the same results for it.

Again just my view. I'm sick of getting screwed. I work hard pay my taxes and don't sponge off the system and I'm not running around claiming to be an icon of personal responsiblity - so I don't want to hear these hypocrites preach either.

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Re: Excellent credit today - but multiple charge offs from many credit cards 12 years ago

Postby whit » Mon Jun 22, 2015 9:08 am

Im not sure you read my post entirely or maybe I didn't type it in a way that is comprehendable

You know that you keep saying tax dollars but really that's not the issue

Ps, http://www.treasury.gov/initiatives/fin ... acker.aspx

The issue is that the ones who REALLY suffered eg the pension funds of Mississippi

Are those who had their life's worth of savings placed into grade aaa investments

Tax payer money..I'm sorry, even before the meltdown countries like China, Great Britain and Hong Kong had us sacks by the strings

and again, I would really recommend digging into this topic by doing research rather than just listening to the mob whose source of info is mass media that is pretty much controlled by a few



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