New member seeking your wisdom

For just about anything you want to get off your chest about credit cards.
18 posts
whit
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Postby whit » Sun Jan 12, 2014 2:56 pm

Felt good for sure, it's an uphill climb sometimes with the new regulations it's a decline with auto decision.

Which in some aspects, that's the way it should be because whose to say whether someone is more capable of paying off debts then others but

This couple, while the wife didn't have credit (neither does the husband) because they moved here recently and starts with 0 credit

Has great jobs (just sold some stocks worth over 1k per share *cough*nobrainer*cough* so even after taxes made off with almost 100 grand) and showed a steady pattern of saving.. Meaning they weren't charging off their entire gross pay, not even 10% of it.

Yet when they first applied, auto decline.


MemberSince99
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Postby MemberSince99 » Sun Jan 12, 2014 4:21 pm

Sounds like the sort of customers Amex would love!

whit
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Postby whit » Sun Jan 12, 2014 4:31 pm

They do not have Amex :) they do love my service though so *fingers crossed* I think they'll keep whole household

JoDa
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Postby JoDa » Mon Jan 13, 2014 5:00 am

I don't know how old your collections are or anything about who put them there, but, if you are going to pay them off, it's worth a try to ask if they can remove them from your report if you pay. When I went to buy my second property, I discovered I had a parking ticket the city had sent to collections, seriously tanking my score. I didn't even know I HAD that parking ticket (I don't know if it blew off the car or what happened, but I know I never saw the ticket...bonus points, I had moved right when I got it, so I assume I didn't get any mailings about it because I hadn't yet updated my address with the DMV). I called up the city and was like "seriously, you guys are tanking my credit over a $30 ticket...what can we do about this?" They told me if I yanked out a card and paid them right then, they'd remove the collection from my report. True to their word, it was gone within a week and my score skyrocketed. YMMV, but the worst that can happen if you ask is they tell you no.

Disclaimer: I am not a scofflaw, by a wide margin. The ticket was for parking in a no parking zone, which parking enforcement around here is a fan of writing if your bumper is a few inches past the "no parking from here to corner" sign, which usually occurs because some other :ahem: parks like an :ahem:. This was a particular problem in my old neighborhood, where parking is very tight and a space big enough to accommodate all but 6" of your car might be the best you can do. I generally park legally (I am inconvenienced enough by people who DON'T (see: people who park in crosswalks, people who park fully in no parking zones so you can't see around the corner, people who park so far from the curb that it's nearly impossible to park around them, people who park in rush hour zones tying up traffic, etc.) to see why it's a problem), and I've always paid parking tickets timely...WHEN I KNOW ABOUT THEM!
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

MemberSince99
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Postby MemberSince99 » Mon Jan 13, 2014 7:01 am

I may sound like a broken record and it's kind of off topic, but man am I tired of anyone being able to put whatever they want on your credit whether it has to do with giving you credit or not (and a ticket is not exactly giving you credit by any way that I can see). I don't see what paying or not paying a ticket has to do with your credit - they can refuse to renew your registration or your license if you don't pay, it's relevant to your driving not your credit.


Why can't I put negative items in the credit of people or businesses that rip me off, or do not pay what I feel are legitimate claims? Why is it ok I'm the punching bag but I can't hit back?


This system leaves a lot to be desired if you're just a working class person trying to make an honest living. For the crooks though it's great - they can put whatever they want and try to blackmail you into paying whether it's legit or not.


And don't even get me started on going after people who commit fraud in this system. There is a great reluctance to do anything to them and in fact the system would just prefer to screw the victims into paying so the thieves can get away with it clean. If I had no morals, I'd become a credit thief. You rob a liquor store at gunpoint and you'll go to prison, but steal credit card numbers and if you are smart you'll never do a day in jail in this system. It almost seems they'll go the extra mile to make the victim pay so they don't have to deal with what you've done.


Gotta love the dysfunctional US. It's no wonder we are going to hell in a handbasket.

JoDa
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Postby JoDa » Sun Jan 19, 2014 3:06 am

Member, I agree to an extent...

Here, we have a problem with people driving into town, wracking up tickets, and never paying them. I should take a picture of all the tourist cars given a "courtesy tow" up onto the tree lawn along Constitution Ave. every evening because the tourists can't be bothered to move their cars before evening rush starts. That's a $250 fine/fee ($100 for the fine and $150 for the tow), but I've overheard many tourists laugh and say "as if I'm going to pay this." We can't make them pay on renewal...THEY DON'T LIVE HERE. As such, I think reporting and removing the collection immediately when paid is the best we can do. Of course, this is a specific circumstance, and I'm not sold that it's the way to go if you have a DC plate (as I did). If you have a DC plate, they CAN make you pay on renewal, and that seems the better approach.

As for other services, I tend to agree. If I PRE-pay my cell phone or internet, and you CUT ME OFF IF I FAIL TO PAY, then no, you shouldn't be able to report me. But, when I *don't* pre-pay, I think they should be able to report but ALSO should have to report good behavior. For example, my electric bill is not due for about a month after I consume the electricity. That's technically extending me credit. But it's BUNK that they can report me for not paying but refuse to report that I pay month after month, on time and in full.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

MemberSince99
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Location: WI

Postby MemberSince99 » Sun Jan 19, 2014 7:50 am

If you think those are bad, and they are, how about getting a company credit card? Some of them nowadays check your credit, however, they will not report good behavior, only bad behavior. And even though it's a "corporate" card supposedly, if the company doesn't reimburse you for any expenses you agree that it's YOUR personal responsibility to pay the card.


For cards like that they might as well just let you use your own card and get the rewards. It's your responsibility to pay anyway. Just another example of corporate America relieving themselves of responsibility (must have been the "personal responsibility" fanatics in action there) and shifting it onto the help.


I've not had many jobs where that was an issue, but some companies play that way and I've decided in the future I'm not going to participate. I don't want a "corporate" card I'm personally responsible for - I thought part of the point of corporations was to eliminate personal responsibility so why shift that onto MY back?

JoDa
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Postby JoDa » Sun Jan 19, 2014 11:06 pm

I have a corporate travel card that I am liable for. However, I just use my personal card for most things (except cash withdrawals in less-developed countries, they'll only pay my fees if I do that on the company card except in "emergencies" and cash is king in most developing countries) to get the points/miles. Most of my co-workers do the same thing. But it was a real help when I was young and had low credit limits of my own and couldn't shoulder thousands of dollars in travel costs on my personal lines. No joke, I've spent $5K on a single trip (3 weeks, so that's not really a surprising number with hotels, meals, and transportation). I've never been reimbursed so late that I had to pay it myself. Of course, companies vary in how reliable they are and cards vary in their grace periods (we get 45 days to pay our balance, also generous), but I don't see it as much of a problem if your employer is on the up-and-up and you follow the rules regarding expenses and documentation.

There's also the issue of "other" liability. The one thing (besides cash) I won't pay for on my own card is rental cars. Our company card provides full-boat insurance, while my personal card only covers the CDW (I do have umbrella liability on my homeowner's that *may* kick in, but why risk it?). Many people won't have an issue with that because they own a car and have good insurance of their own, but I don't own a car and, besides, wouldn't want my personal rates (on any insurance, including my homeowner's if I had to use the liability) going up if something happened.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K



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