FICO idiots just drive me nuts

For just about anything you want to get off your chest about credit cards.
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MemberSince99
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Postby MemberSince99 » Sat Feb 01, 2014 11:36 pm

I've started to question why I even go to FICO. I get a few nuggets of wisdom, and you see who got approved for what, but that's actually part of the problem. Why is that? Here is one example - some dude with a collection and no doubt low score and a couple of subprime cards gets approved for an Amex revolver and then get this a Discover with an 8k limit. Where I've seen people on this board, myself included, with limits of 10 or 20 k and scores in the 770s and 780s and they give us a piddly 2k. It just kind of confirms my belief that Discover gives limits not based on history and cards and scores so much, but more based on what your perceived profitability is to them.


I know, they have the right to do whatever they want to, but I've seen this time and again and it's really more than just a theory at this point. I mean in the end all of them do it but there is at least the notion that if you have a higher score and no baddies and a track record handling higher limit cards you should be out of the toy limit range.


Plus listening to some of them over there, it's just getting to be a bit much. I have to balance how much I can stand of that place.


cashback
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Postby cashback » Sat Feb 01, 2014 11:53 pm

MemberSince99 wrote:I've started to question why I even go to FICO.


I went to FICO about 3 times and realized they offer no more info than common sense. Your time isn't worth going there.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

JoDa
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Postby JoDa » Mon Feb 03, 2014 11:05 pm

I hear you on people you don't think should get anything getting major somethings. In my case, I'm related to them, so it's doubly frustrating. My CSP was the first card I had that topped $10K on the credit limit. I fought tooth-and-nail for all my credit up to that point, had never officially defaulted (I had a few 30 days when I was younger but nothing more than that and always paid up in the end), and scaled the income ladder quickly while keeping my fixed expenses in check and becoming a homeowner pretty young. And here my family is flashing around $15K limits less than a year after completing consolidation (yeah, the kind that is only *slightly* better than BK) and going on like they're going to run those back up and end up back at square 1 all over again. Heck, I bought one of them a small appliance when theirs broke a few months ago and it was put it on the card never to be paid off (at least in full) or go without (technically I "lent" it, but I expect to never see that cash again). I can't even *imagine* not having less than $200 on hand to cover something like that (and relative(s) in question make almost as much as me in a MUCH lower-cost area...FE their mortgage is ~1/3 mine).
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

BirthdayBoy
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Postby BirthdayBoy » Tue Feb 04, 2014 1:37 am

I find that there's very little reason to go over to the FICO forums. Between creditboards and this forum, there is far better advice, and (here at least) a much better sense of humor. I pretty much just go over there for their unintentional comedy, or to complete a bit of research for a specific subject (i/e right before an app).
Ficos:
Ex- 705 AMEX pull (5/13), Tu: 753, Eq:685

Cards:
First Premier Pimpcard 0.7k (01/10), Capital Bank (secured) 1.0k (02/11), Amex Delta 2.0k (5/13), Chase Freedom 1.5k (5/13), Discover It 5.0k (5/13), Capital One Cash Rewards 2.5k (5/13), DCU Platinum Visa 7k (12/13), Barclaycard Arrival World Mastercard 5.0k (01/14)

MemberSince99
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Postby MemberSince99 » Tue Feb 04, 2014 6:48 am

That's quite the story JoDa. I know people who live paycheck to paycheck too. It's a rough way to live. What if you lose your job? What if something unexpected happens? (it always does at some point). You try to tell them that but it's just a waste of breath in my experience.


FICO is something else. I watched the posts and otter here really said NOTHING over there, while their pets were rude and obnoxious and nasty, and otter gets banned (as I warned him he would) while nothing happens to the pets. Really though it's a favor in disguise.

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otter
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Postby otter » Tue Feb 04, 2014 3:18 pm

MemberSince99 wrote:FICO is something else. I watched the posts and otter here really said NOTHING over there, while their pets were rude and obnoxious and nasty, and otter gets banned (as I warned him he would) while nothing happens to the pets. Really though it's a favor in disguise.


The funny thing is that there were people getting nasty with me and when I retaliated I got warned. And actually what I said wasn't vindictive, I was just being honest with these people. Yes, Member warned me and I should have listened.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

MemberSince99
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Postby MemberSince99 » Tue Feb 04, 2014 4:41 pm

It's a blessing in disguise. I know how they are that's what happened with me. If people are nasty with me I tend to respond in kind. I'm done with sitting back and being a punching bag for an a-hole in life. If they want to dish it out they'd better be able to take it too, if not too bad. But on FICO they watch out for their favorites and they can say whatever they want but don't you dare talk like that to them or you get banned.


I saw what you wrote and it was nothing. But you weren't one of their pets is the difference.

JoDa
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Postby JoDa » Tue Feb 04, 2014 10:04 pm

You're right that it's a waste of breath, Member. Every time I try to encourage them to even put a little away (even as little as $20/pay split between retirement and emergency cash), the excuses fly. I had hoped that consolidation would bring them back down to earth, but then I showed up for a holiday to find they had financed all new furniture (the existing was barely 2 years old) and yet another new car. Normally, I wouldn't fork over money like for the appliance to people like that, but they really needed it and were discussing whether to replace it and pay the late fee for paying their gas bill late (in the winter), put it on a card they couldn't afford the payments on, or suffer. Maybe I can make an impression on their kids about how being fiscally responsible can make your life better...
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

rumi48
 
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Location: USA

Postby rumi48 » Fri Mar 07, 2014 2:25 am

Hi I have one very old Chase account. Will they backdate 2 newer accounts I have with them? I am not sure I understand backdate? :)



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