Done with myfico, apparently!

A place to discuss anything... except credit cards!
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Nixon
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Re: Done with myfico, apparently!

Postby Nixon » Thu Nov 03, 2016 8:32 pm

CarefulBuilder14 wrote:http://ficoforums.myfico.com/t5/Credit-Cards/Chase-has-great-PC-policy/td-p/4785403

Not the most brilliant move...

But it's metal!!!

Not everyone can have a 0AF RC like Moi.
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mountaindewvoltage
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Re: Done with myfico, apparently!

Postby mountaindewvoltage » Fri Nov 04, 2016 4:10 am

Tubpbs wrote:
mountaindewvoltage wrote:
JonE wrote:Knowing what I know about credit cards, seeing an AMEX charge card doesn't necessarily mean they're made of money.

Centurion on the other hand. :cool:


But that's my point. Most people don't know a whole lot about credit/charge cards other than that they're "bad" and have high interest rates.

The lack of financial education is schools is ridiculous. Sure I took an "economics" class in high school, but that was about stuff that has to do with accounting and all that... Nothing to do with how to actually handle finances.

They should be teaching kids the benefits of having great credit, how it saves you a ton of money in the long run, how to use credit cards and utilize the rewards, how to balance a checkbook and checking account so you don't overdraft, how to choose a credit union over a big bank, etc.

Instead of teaching kids basic adult skills and little tricks on how to use them, they're teaching kids about "x+y-25= 24, what is the value of x and y"... Like who gives a flying **** about that?!



I agree with this 100% (ignoring the unsolvable equation at the end).

I took several "business" and "economics" classes in high school. They don't teach you anything about personal credit or money management. Ignoring the rewards, which are a bonus, just the basic premise of credit and a credit score and credit factors is crucial. They could cut out one semester of gym in the 4 years of high school or even a half a semester or even a WEEK and teach very basic credit knowledge.

It's ridiculous that they don't teach anything at all about it.


I wouldn't cut gym class to replace it with the financial course. America is pretty fat and out of shape already.

They could just drop a math course for a semester during one's senior year.

mountaindewvoltage
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Re: Done with myfico, apparently!

Postby mountaindewvoltage » Fri Nov 04, 2016 4:12 am

kdm31091 wrote:I've noticed that slowly, but surely, traffic has been down at myfico. I am guessing more people are getting tired of the over moderation and repetitive posts from the same dozen users who insist they are "gardening until 2017" which really means two weeks from now.


For some reason I tend to find boards that are way too overly moderated.

MacRumors is one great example. Was banned for saying, "too bad you have no idea what you're talking about."

I guess that's "offensive"

How about... If someone gets offended over something like that, they need to seek professional help instead of banning the user who said it.

Tubpbs
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Re: Done with myfico, apparently!

Postby Tubpbs » Fri Nov 04, 2016 6:27 am

I disagree strongly with dropping math over gym.

If the gym classes in America actually required someone to be physically fit, maybe I would agree. But they don't. Obesity is not being vested by high school gym.

Math is important. America is probably terrible at math as a whole also, but we're better at it than physical fitness.

Either way, there is plenty of room to fit it in. It's like a three day conversation, even for children.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

mountaindewvoltage
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Re: Done with myfico, apparently!

Postby mountaindewvoltage » Fri Nov 04, 2016 12:05 pm

Tubpbs wrote:I disagree strongly with dropping math over gym.

If the gym classes in America actually required someone to be physically fit, maybe I would agree. But they don't. Obesity is not being vested by high school gym.

Math is important. America is probably terrible at math as a whole also, but we're better at it than physical fitness.

Either way, there is plenty of room to fit it in. It's like a three day conversation, even for children.


I would only agree if the Math taught in high school wasn't completely stupid.

I can understand addition/subtraction, fractions, multiplication/division, and actual skills you'd need use in the real world like adding and subtracting money. Teaching linear programming or having every equation involving "solve for X or Y" to every kid in the 12th grade is a waste of time. Take a Calculus course if you want to learn Engineering stuff.

I really think obesity would be worse without gym, although it depends on the school because some require it every other day while others require it every four days. Plus many students look forward to getting out of the classroom environment to stretch their legs and get away from being bored... It's good to get the excess energy out of their system. Basic Math skills are important, I agree, but the crap they teach now is not important and a waste of time, like common core.

QueenInTheNorth
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Re: Done with myfico, apparently!

Postby QueenInTheNorth » Fri Nov 04, 2016 3:10 pm

mountaindewvoltage wrote:"solve for X or Y" to every kid in the 12th grade is a waste of time.


"Solve for X or Y" (algebra) is pretty vital. But I agree, it needs to be tied to real world examples so kids get WHY they are learning that. I mean, any office admin job will require you to solve for X or Y, every single day. So will any event-planning job. So will any food-service job that requires stocking/ordering.

Heck, regular personal finance and budgeting involves solving for variables.

But the way math is taught bores and scares high-schoolers.

If I ruled the world, gym class would involve weight training and some nutrition knowledge, too.

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CarefulBuilder14
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Re: Done with myfico, apparently!

Postby CarefulBuilder14 » Fri Nov 04, 2016 3:28 pm

Some research suggesting financial education (at least as it's generally taught now) has major limitations:

https://papers.ssrn.com/sol3/papers.cfm ... id=1869323

https://papers.ssrn.com/sol3/papers.cfm ... id=2333898
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Tubpbs
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Re: Done with myfico, apparently!

Postby Tubpbs » Fri Nov 04, 2016 4:33 pm

QueenInTheNorth wrote:
mountaindewvoltage wrote:"solve for X or Y" to every kid in the 12th grade is a waste of time.


"Solve for X or Y" (algebra) is pretty vital. But I agree, it needs to be tied to real world examples so kids get WHY they are learning that. I mean, any office admin job will require you to solve for X or Y, every single day. So will any event-planning job. So will any food-service job that requires stocking/ordering.

Heck, regular personal finance and budgeting involves solving for variables.

But the way math is taught bores and scares high-schoolers.

If I ruled the world, gym class would involve weight training and some nutrition knowledge, too.



FYI - at my high school we had gym 5 days a week and we did have a semester or weight training and we had nutrition training as well.

And, as stated above, basic algebra is crucial to a lot of jobs and most people's general finance and lives. I don't know how's it being taught now, but when I was in high school (maybe 11-15 years ago?) it wasn't overly interesting, but it was tolerable.

Either way, just like the nation's issues with geography (people not being able to identify their state on a map or even the USA on a map - pathetic) - we will develop significantly worse issues if we stop teaching math. Round addition and subtraction. That's asking for third world status within 10-20 years.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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CarefulBuilder14
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Re: Done with myfico, apparently!

Postby CarefulBuilder14 » Thu Dec 01, 2016 12:29 pm

http://ficoforums.myfico.com/t5/Persona ... -p/4804230

Something that I felt had to be said...not sure how others will react.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Thu Dec 01, 2016 7:56 pm

CarefulBuilder14 wrote:http://ficoforums.myfico.com/t5/Personal-Finance/Is-NFCU-via-NLSD-abusive/td-p/4804230

Something that I felt had to be said...not sure how others will react.


I expect the usual posters will react poorly but your post is spot on and it's only a matter of time before the loophole gets closed. Heck, NFCU may even shut down some of the "loophole" accounts, even though people have insisted that would never happen. I think they need to realize that CUs are much more conservative as a rule, and are not afraid of doing that type of thing at all. So the people who have really no military affiliation shouldn't be the ones crying about customer service delays.



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