Excellent credit is worth the effort.

For just about anything you want to get off your chest about credit cards.
24 posts
User avatar
Calipso
Centurion Member
Centurion Member
 
Posts: 195
Joined: Mon Oct 29, 2012 2:50 pm
Location: Boston

Excellent credit is worth the effort.

Postby Calipso » Wed Feb 20, 2013 3:18 pm

As I was approved for my CLI for my NavCheck account today from $10,000 to $15,000 I can't help but think how far I've come.

In 2007 I had $4,000 in available credit via credit cards.
In 2009 I had $9,000 in available credit via credit cards and NFCU Navcheck.
Currently I am at $95,700 in available credit.

Almost everything gets easier for you once your credit reports are clean. It just makes me think also about how one bill collector or negative you don't deserve could trash all the work you've done.

Be vigiliant people, especially those rebuilding.

This is a bit off-topic but it's credit talk I guess.
My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $129,500


Sevenfeet
Centurion Member
Centurion Member
 
Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Wed Feb 20, 2013 5:54 pm

+1.

Many of us (including myself) have had bad experiences with credit. Once with sub-600 scores was enough for me. Now I'm $73K in CLs and I expect to have more before the end of Spring. When I went to my credit union to discuss a mortgage refi, just reciting my scores to them from memory made the conversation go a lot smoother.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

marzbarz
Gold Member
Gold Member
 
Posts: 44
Joined: Wed Jan 30, 2013 6:09 pm
Location: San Antonio

Postby marzbarz » Wed Feb 20, 2013 5:58 pm

Calipso wrote:
Almost everything gets easier for you once your credit reports are clean. It just makes me think also about how one bill collector or negative you don't deserve could trash all the work you've done.

Be vigiliant people, especially those rebuilding.


^ This

I couldn't have said it better myself
AMEX Blue Cash: $23,500
CITI Doublecash (World Elite MC): $11,200
CAPONE Quicksilver (VISA Signature): $12,500
CHASE Freedom (VISA Signature): $20,000
USAA Rewards (World MC): $13,500
USAA Rewards (VISA): $18,500

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Wed Feb 20, 2013 9:57 pm

I don't think the post is off topic at all it's very on topic. And you make good points. I've thought too about how some scumbag can EASILY violate the law and put trash in our credit reports, and let's be totally honest here, NOBODY is going to do anything to them for doing it. They are free to tarnish our good credit (and name) with total BS at will, yet if we post negatively about them for doing it, they can sue us for libel (maybe not likely but certainly possible). You gotta love the corporate states of America who provide us with the best government money can buy.

That's part of the reason to be honest I really don't care anymore - I can't control what some dirtbag puts in my credit. They can put total lies in there and as long as they "verify" it with the CRA (meaning they tell the CRA it's accurate), it's end of story it stays. Since I can't control what the dirtbags may do, nor can I do anything about it, why in hell should I worry or care about it?

I really believe in my heart or at least hope there is a reckoning for the people who run this corrupt country for their own personal profit someday. In hell at the very least. I won't be sending a truckload of ice their way if so, let's just say. I'd much prefer to dump some gas on the fire instead.....

I will say I do agree with you, but I just have found I don't really have any control over it anyway so what the hell.....

randeman
Centurion Member
Centurion Member
 
Posts: 188
Joined: Tue Jan 10, 2012 7:11 pm
Location: New York, NY

Postby randeman » Thu Feb 21, 2013 9:34 am

MemberSince99 wrote:I don't think the post is off topic at all it's very on topic. And you make good points. I've thought too about how some scumbag can EASILY violate the law and put trash in our credit reports, and let's be totally honest here, NOBODY is going to do anything to them for doing it. They are free to tarnish our good credit (and name) with total BS at will, yet if we post negatively about them for doing it, they can sue us for libel (maybe not likely but certainly possible). You gotta love the corporate states of America who provide us with the best government money can buy.

That's part of the reason to be honest I really don't care anymore - I can't control what some dirtbag puts in my credit. They can put total lies in there and as long as they "verify" it with the CRA (meaning they tell the CRA it's accurate), it's end of story it stays. Since I can't control what the dirtbags may do, nor can I do anything about it, why in hell should I worry or care about it?

I really believe in my heart or at least hope there is a reckoning for the people who run this corrupt country for their own personal profit someday. In hell at the very least. I won't be sending a truckload of ice their way if so, let's just say. I'd much prefer to dump some gas on the fire instead.....

I will say I do agree with you, but I just have found I don't really have any control over it anyway so what the hell.....


Well said. For the most part. However, I do care about my credit or I wouldn't be working as hard as I am to get and keep it on track.
Cards and Credit lines Acquired:

Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Thu Feb 21, 2013 1:26 pm

I had a 520 credit score when I bought my first car out of college. Now, I'm in the 750s and pushing for 800. My first credit card was secured for 500 bucks. I now have over 100k of credit available. I have most of the best rewards card on the market. I use credit to make extra money and get discounts on things I buy every day. Credit is a powerful tool for those with the right knowledge and discipline to use it.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Feb 21, 2013 2:01 pm

I do understand. I still care about mine, to some degree, just not quite as much as I once did. If it was something I could actually do something to keep good and accurate, I'd care a lot more. But the fact that the vultures basically have open field on us, just makes me kind of go meh, what the hell.

In fact, I've wondered why more of the vultures don't illegally re-age accounts and sue on debt well past the statute than the ones we read about who do this. Seriously, nothing will happen to them the vast majority of the time for doing this. Now and then they'll get stung for it, but the vast majority of the time this would be very profitable I would think so I honestly have no idea why they don't do it more often. It's not like morally it would bother them, nor fear of our joke of a legal system, so it must be something else.

For those who would find a story about them suing interesting, let me relate a past experience. As you may or may not know, I charged off a bunch of cards in 2002, with Chase taking the worst beating, and Amex taking a lesser beating (though they don't like ANY beating of course, hard to blame them for that). I am not attempting to morally justify what happened, that can't be done. I lost my job and blah blah blah who the hell cares they just want their money. Anyway, years went by, I got sued a couple of times, one was paid by borrowing money from relatives and paying it back over a year, and another was settled out of court for 50% (and later I got a 1099 for the other 50% so that cost me my tax refund). Oddly enough on the one I paid 50% for, it was on my reports twice and a different vulture agency was still trying to collect on the same debt even though 50% was paid and 50% legally "forgiven". Anyway, I had figured out by then how to lay low and hide from the vultures so they had no idea where I was. I lived in fear, I mean constant overwhelming fear, of being sued by these people, and with good reason. (You can argue it's deseved as well). I managed to stay out of their sites, for a while, but then I got the stupid idea that someday I'd like to get a mortgage so maybe I should get my credit cleaned up. since I was still within statute that was a DUMB idea. I got an HSBC low limit card offer in the mail, and took it and got the card, and guess what - they reported my address to the CRAs and the vultures were promptly sending me mail at that address trying to determine if it was me and get money out of me.

I knew at that point I'd screwed up. Now it starts to get comical. Wolfpoff and Abramson was the main vulture agency after me (google them sometime for some entertaining reading) and they would send me letters in the mail marked "OPEN IMMEDIATELY", I half expected to see "or we'll come and torture your family to death" until I realized even they couldn't go THAT far. To get the vultures off the trail, I left a note for the mailman in the box that I was the new tenant there using a fake name and that the previous person to whom the mail was addressed no longer lived there. The mailman apparently gave word to W&A, because they never contacted me there again even though I lived in fear to even mow the lawn there, and put up cardboard to cover the windows of the place.

But W&A aren't ones to let that go. You know what they did next? They ASSUMED I lived instead at a previous address I hadn't lived at in years - one I moved to after I lost my job because I had nowhere else to go at the time - my mother's place. They sent a process server there to try to serve me papers, but of course she told him I did not live there which was true. She simply didn't volunteer to tell him where I did live. So then she emails me a process server just tried to serve me legal papers.

I was freaking out big time. I literally lived in terror of these people. I went and sought the advice of a lawyer, I figured I better start to face it so it didn't get worse. His first inclination was to try to cut a deal with them, but then he thought about it and said well until they serve you, they haven't got a lawsuit, so come and see me then and we'll deal with this when it becomes an actual problem. His secretary assured me they WOULD find me.

But I laid low, and only made one mistake after that - I always used a PO box for mail so I could easily get rid of one and get another if need be. I used my current PO box address on a background check for a job I took (I had previously used a PO box that had been closed for years on others). So I got a letter there from Experian thanking me for updating my address with them. I closed that box the next day and opened one in another city and realized I was just a short step ahead of trouble on that.

That was the last time I had anything like that happen until about a year later when the statute ran. They never did find me. Checking my credit after that I saw they were pulling my report right up to when the statute ran. After that, nothing. W&A had to have paid hundreds of dollars to have filed the suit, which doesn't get refunded even if they don't serve you, and money to the process server, as well as who knows what to lawyers. Needless to say I'm sure they weren't happy but I realized even then how foolish it is to file a suit when you don't know where a person lives, it's like throwing darts and hoping to get lucky, only you're throwing hundreds of dollars around doing that.

When I first applied for a credit card, 2 years after the statute was up, it took a while to work up the courage as I still was living in constant fear, afraid these people were looking for me and about to find me and ready to sue. It took a while to not live in fear of revealing my address. To this day I still use a PO Box, but only for 1. security reasons as I have my resume on the internet and don't care to have everyone and their brother knowing my REAL address and 2. for convenience reasons as they can get packages there and hold them for me and sign for things. Also if I want to lose the junk mail I can get another box and be done with it. It's not about living in fear of lawsuits anymore.

But sometimes I wonder why they don't sue - wouldn't our government stick their tongues right up the buttcracks of the vultures and give them whatever they demand? They could say I owe 100k and how do I prove a negative, that I don't? I can't logically prove I DON'T owe them 100k you know as it's impossible to prove a negative, and since the legal system just takes whatever they say (if they said I was on the grassy knoll then the law would accept that as truth even though the law says I was born 2 years after it happened and thus it is impossible). I almost hate to say it but they SHOULD screw us up the rear and just do it, they have nothing to fear from our corrupt and evil legal system. I don't understand why they don't. I'm lost by that. Crime does pay if you do it right and smart. I can't understand why they don't go for our jugulars, why not just forge affidavits and say everyone owes them money? What would really happen to them for it? I bet they could win a lot of default judgements and get obscenely wealthy at no consequence to themselves for it. Pay off the judges and buy the politicians and the cops, lie and cheat your way to wealth it's what makes America great right?

User avatar
Calipso
Centurion Member
Centurion Member
 
Posts: 195
Joined: Mon Oct 29, 2012 2:50 pm
Location: Boston

Postby Calipso » Thu Feb 21, 2013 2:25 pm

Stories like the one left by MemberSince99 are the reason I no longer make huge impulse purchases.

I'm rotating $3,000 between banks in debt (though I have plenty of cash to pay it) and I could pay it off but it's on a zero balance offer from Slate which expires in July. I'll then move it to NFCU for zero balance zero fee. I could pay it off in six months, but I'm chosing to hit $200/month at a time. I have my money going into long term investments, savings and other assorted plans. If I lose my job, I'll have the money to pay it. The highest I've ever had my debt (not counting student loan/car loan) was $10,000. That to me was insane once I saw five figures and paid it down immediately.

I do all this because I had AFNI, Inc attack me for five years for $500. They bought the debt from a previous company who I had paid for deletion. I paid $200 (their offer was $300, I talked them down to $200) and it was deleted. Six months later, the same debt shows up in the hands of AFNI and they don't give a crap that I paid it off from the previous company.

I had to wait seven years to get that off of my report. Two from the first company, five from AFNI. Debt collectors are the scum of the earth and I will never put myself in that situation again. I have a stack of letters with "intent to sue" on them and they never moved forward with it. They violated so many laws and I called them out on it.
My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $129,500

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Feb 21, 2013 3:08 pm

I'm sorry you went through that Calipso. It sounds like there was nothing you could really do about it right? I mean you paid the debt but it got sold to other vultures and if you would have played their game you would have paid the same debt many times over. I mean how many times can they sell your debt? It would be like me listing my car in the paper and selling it to 5 different people, the only difference technically being it's a tangible asset. If that's legal, then our legal system is even more screwed up than I thought it was.

In my case, I learned to live on my debit card, which is all I had for many years. Thus to this very day I simply do not buy anything (other than a car) that I can't pay off right now with the money in my checking account. And as soon as the amount posts to the card, I pay it. Done. No problems that way. I treat the credit cards like they are debit cards, same principle. It's awfully hard to get in trouble by doing that.

You'll think I'm a fool if you don't already, but the way I buried myself and this is the honest truth, is I moved out of state for a job that paid a lot more than I'd been making. This was 2000 and the economy was booming. I was told by the new company come in and show us what you can do and we'll take care of you. I never saw a single raise as the economy tanked then I got laid off the next year after 9/11 on top of it. I'd been looking for another job for a year and couldn't find one due to the economy. I had to move in with my mom to keep a roof over my head. I look back and think what an idiot I was but I didn't know better then. Now I have no such excuse.

The way I hid from the vutlures was a lot of different things. I used PO Boxes until I learned they can still serve you via first class mail in my state for small claims suits. Then I used one but didn't give it out to anything that would report it to the CRAs. I was fortunate that my landlord did not do a credit check I dealt with private party landlords who did not pull credit. I used a PO Box address, an old one I no longer used for my driver's license (yes I'm aware it's illegal to do that). Same for vehicle registration. I went to the DMV and paid in cash for renewals. I did not register to vote. For background checks other than the one time I screwed up I used the old PO Box address. Obviously I didn't apply for credit. When I filed taxes I also used the PO Box address (invalid) and used direct deposit for refunds. I was constantly thinking of how do I safeguard my address from these people. I got good at doing it with practice but that is a life I would not wish on anyone you are almost like a criminal hiding constantly only they aren't going to arrest you they are going to sue you if they find you. I switched jobs a lot as well. Trying to pin me down must have been a fun job for the vultures, I did my best to make it a challenge. I just had to run out the clock, you see, where they had to find me before it ran.

Though to be honest, say W&A who I believe is now Axiant or something like that were to decide that after all this time, obviously years after this has become a time-barred debt, they'd like to pursue this. I mean it happens all the time. I haven't bothered to hide my identity for years now, and the CRAs have my valid info, it would be easy enough to sue me. How would I prove to the satisfaction of the court that this is a time barred debt, seriously? I mean W&A could simply put a collection on my credit, falsify the date, and run with it, right? How do I prove it's time barred? I don't think legally I could prove it. I have no documents from the past. I honestly don't know why they wouldn't do that. What do they have to lose but a few hundred more with potentially thousands to gain? It doesn't matter if they are violating the law by doing that, which they would be on several levels, only if they win or lose. And I'm betting with our government, they'd win. Seriously.

I can't for the life of me understand why they backed off when the statute ran nor why they don't come after me now when our government will simply let them screw me over in whatever way they care to do so. They could probably get me chained down and raped by wild beasts and the government would be cool with it, hell torture is legal in the US these days so what the hell. Why not?

TheLethargicAge
Centurion Member
Centurion Member
 
Posts: 322
Joined: Tue Oct 16, 2012 11:20 pm
Location: Miami, Cuba

Postby TheLethargicAge » Thu Feb 21, 2013 3:26 pm

FutureBillionaire wrote:Credit is a powerful tool for those with the right knowledge and discipline to use it.


I couldn't agree more. If only my ex-wife knew that.

Although I must say I'm disappointed in you. I was under the impression that your credit score was 800+ (j/k!)
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests