Done with myfico, apparently!

A place to discuss anything... except credit cards!
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kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Thu Dec 17, 2015 11:12 am

Vermonster wrote:
kdm31091 wrote:
Vermonster wrote:Hahaha, He got pretty defensive when I called him entitled. Then the +1 train started.


And you already got reprimanded for being "harsh". See what I mean? They won't accept anything other than coddling.

It seems creditmagic has become very entitled as of late. I don't remember him being like that so much before, but you get a few great approvals and all of a sudden think you're God almighty and "deserve" better. Where people get "deserve" from anything involving credit is beyond me. The lender will give you what they feel your profile supports. A 1k approval might seem annoying, but you take what you can get. At least it still had the lowish APR, and he could have just waited and let the card grow. I agree that a 1k card isn't much good for a BT, but he said he didn't need that anyway, so...guess he shouldn't have apped for the stupid card to begin with.


I like how they said I should take the side of a fellow myfico member and not the computer that gave him the $1k limit. I would say the definition of credit entitlement is thinking that a computer is going to give you more than $1k. Especially because there are hundreds of threads complaining about how Citi gives shit limits, but they always grow.

For a "mature adult" he sure does have trouble with a dissenting opinion.


None of them can handle reality. They bury their heads in the sand and shut out anything other than "you deserved a 10k limit at 12 percent apr with a monthly 500 dollar retention bonus!"

Theres also literally no mod or leader there that understands that "FSR" doesnt mean "agree with everything". Anyone who disagrees is always told they were "harsh" whether they actually were or not.


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Vattené
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Re: Done with myfico, apparently!

Postby Vattené » Thu Dec 17, 2015 3:31 pm

Pretty late in chiming in on this, but how does a 12.99% offer "reel you in?" Jesus, that will be the standard APR on my Amex when my 0% expires! If you're going to commit to gardening, overspend, and carry a balance the least you can do is get a 0% period when you inevitably fall from grace.
-Vattené
FICO-8:
EX - 805 (12/16) | TU - 803 (12/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Thu Dec 17, 2015 3:35 pm

Vattené wrote:Pretty late in chiming in on this, but how does a 12.99% offer "reel you in?" Jesus, that will be the standard APR on my Amex when my 0% expires! If you're going to commit to gardening, overspend, and carry a balance the least you can do is get a 0% period when you inevitably fall from grace.


I guess he feels the "low" APR can be used to justify his overspending (which it seems 80 percent of those people must overspend and thats whats with the lust for BTs and crap).

Actually saw a fairly intelligent post there earlier from a newer poster (of course, because nobody with this mindset lasts long there):
"Stay off this site. I mean it. It's an excellent resource for when you're interested in the future. By all means frequent it then. But being constantly exposed to talks about credit limits, new approvals, credit scores, favorite plastic, etc will mean you will never be successful holding off if you don't have impulse control, as you mentioned. There's just too much temptation. Even the gardening thread is like alcoholics holding AA at a local bar. This becomes a new addiction for way too many. Though it's constructive to build credit, if it goes out of your control it can go down a slippery slope to messing your financial life."

It's a shame that that opinion is frowned on.

thom02099
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Re: Done with myfico, apparently!

Postby thom02099 » Thu Dec 17, 2015 7:40 pm

Credit Management is not a competitive sport. However, it seems to be so, and is encouraged "over there".
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

Nixon
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Re: Done with myfico, apparently!

Postby Nixon » Thu Dec 17, 2015 7:43 pm

There has been a few that have returned to the site after an absence and explained that they have gone back into default or another bankruptcy.
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kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Thu Dec 17, 2015 10:36 pm

Nixon wrote:There has been a few that have returned to the site after an absence and explained that they have gone back into default or another bankruptcy.


Which is unsurprising because unfortunately the site encourages people to go overboard with spending and chasing rewards. Not everyone can handle credit and be responsible and that is about the worst site for anyone with poor financial or impulse control.

oldsoldier
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Re: Done with myfico, apparently!

Postby oldsoldier » Wed Dec 30, 2015 4:44 pm

It's a great site if you're in competition for the most cards and highest limits. I try to read the stuff over there but it just seems like they are setting you up to fail. I tell my friends if you have no discipline you need to stay far away from that site.
BoA Cash Rewards $13,000
Chase Sapphire Preferred $14,000
BoA Better Balance $12,000
Amex Every Day $24,000
Discover It $19,000
NFCU Cash Rewards $25,200
Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $7,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $11,600

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Re: Done with myfico, apparently!

Postby Nixon » Wed Dec 30, 2015 9:16 pm

Even someone with discipline can be driven into madness there.
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kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Thu Dec 31, 2015 5:28 am

oldsoldier wrote:It's a great site if you're in competition for the most cards and highest limits. I try to read the stuff over there but it just seems like they are setting you up to fail. I tell my friends if you have no discipline you need to stay far away from that site.


They definitely set people up to fail. You rarely/never see "don't app"....it's always "did you app yet?" "Great bonus offer! You'll be approved!" with no regard to anything else.

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CarefulBuilder14
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Re: Done with myfico, apparently!

Postby CarefulBuilder14 » Thu Dec 31, 2015 1:22 pm

I find it alarming how applying for low/no-bonus store cards on a "try it and see" basis (and then closing them after a few weeks, if that) has become conflated with gardening.

ETA: Any guesses as to how long it will take for closing cards to go out of fashion?
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May



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