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Everything posted by MikeW

  1. MikeW

    Just a Hii

    Welcome Paulaa!!!
  2. Good luck with your credit repair. I had it done by a company and it worked out real well for me within 3 months.
  3. Yeah, I agree with Harry. You will want to purchase your credit report so you won't have to wait half an extra month for replies. And I would get a couple cards to start establishing credit. Capital One is really good at approving people after bk's or people who had their credit damaged. I got approved in under a year for an unsecured card after my bk. Hope that helps!
  4. Parents using their children's credit happens more often than you think. But since you have the same name as your father, I would agree with BV80 that it may have been a mistake. Definitely look into this before accusing your father.
  5. If i was you, I would do everything I could to remove the 3 medical bills off your credit file. That will help a bunch. And I would apply for a card or two (capital one is pretty awesome at approving people trying to rebuild their credit). Good luck!
  6. By law no, minor can be in a contract until they are 18 or become emancipated. If she can show the credit bureaus all the different accounts that were opened before she was 18, there shouldn't even be a problem with them getting removed. If the credit bureaus won't budge, then have her file a police report.
  7. I would negotiate with them and explain your situation. Some of the people you end up talking to will do what they can to help. It never hurts to ask. If you don't ask, you don't get.
  8. Really? Who would do that? People are seriously out of their minds.
  9. Yes, after your initial credit pull, the rest are soft pulls because the system sees you are running your credit by similar vendors.
  10. Hey everyone, I was listening to Tim Ferris' podcast today and it was on negotiation. It was a great podcast and I recommend it highly to negotiate your rates for not only your credit card rates - but for cable, rent, cell phone bill, etc. After listening, I immediately called Cap 1 and said that I have been a member for 8 years and I have never missed a payment. Can you please help me out and lower my rate on my card? Just a simple statement and asking politely got my rate reduced from 16% to 8%. That's pretty awesome and it took less than 10 min. I am going to start doing this for everything. I was just thinking, the worst thing that could happen is them saying "no." Might as well try and see what happens.
  11. I agree that you shouldn't do a BK. You can't forgive your school loans and that's 1/2 your debt. So you will be basically declaring BK for $20k. You should definitely not hire a debt consolidation company. I have never heard of an honest one that's looking out for the consumer. You can totally do it yourself. Just hit up your creditors saying you can pay only a small % of the debt and negotiate with them from there. And let them know that you may file for BK if they can't lower your debt- which will give you more leverage in negotiation since they will get $0 if you declare. Going with a secured card is a good idea. Need to start somewhere and that's probably your best bet to rebuild. Good luck!
  12. Hi Killer, I actually declared BK and Capital One was one of the creditors that was included. About a year after I was discharged, I applied again and was approved right away. I didn't have that high of a balance, I think it was $1,500, so maybe they didn't think it was a big deal. But I don't know.
  13. I really hope Johnson does get a chance to get into the debate, I think he was around the 11% mark before he went on Joe Rogan's show. I really hope he can get 4% more and show his skills to the masses.
  14. I was listening to Joe Rogan's podcast and he was on. He is a Libertarian - and former Governor of New Mexico. I personally hate both Clinton and Trump. After listening to what Gary Johnson had to say, I would rather vote for him over the other two. The problem is, the masses don't know who he is. He is fiscally conservative and socially liberal. He was just making sense over and over. I really liked what he had to say. I need to do more research, but I was hoping to see if anyone knew about him and if there is anything negative about him to be wary about?
  15. No it shouldn't. After my BK was discharged, I was approved for a car loan within 18 months. You won't get a top tier rate, but they will still approve you for some sort of loan.
  16. After I discharged my BK, I applied for a secured credit card from my bank within a few months. They approved me right away, they just need money as collateral. Within 6 months I applied for a capital one card with $1,000 unsecured line and was approved. I believe after the 1 year mark (and never missed any payments), my secured card was upgraded to an unsecured card. And it's almost like a savings account because you get your money back that they held on to. Hope that helps.
  17. It was placed 3 years ago. So it's just all bad.... lol
  18. Thank you very much for your replies. I was talking to a company and they said they could do remove my BK. You guys just saved me some money. So glad I came to this forum :).
  19. I hope you are right, have a few more years before the BK comes off. I am actually thinking of hiring a credit repair company to knock it off so I can speed up the process.
  20. I had a feeling that was going to be the case. Thanks for your help.
  21. Hi everyone. Need some help. I am trying to sell my condo. Does anyone have any info on how I can negotiate down the $60k lien the IRS has placed on my property? Is it worth hiring a tax attorney or are there any tips I can use to settle for a lower amount. I have about $350k in equity. Or am I just screwed out of that $60k? Thanks!
  22. Thanks for replying guys. I have multiple credit cards again and my credit score is over 720 now. It's been a long road and lots of work to rebuild. I really like the perks that Amex has and that's why I want to become a member again.
  23. Hi everyone, I am new to the forum. I was trying to search if this topic has already been talked about but I couldn't find anything. If it already has, I apologize. Here is my scenario and my question: I had a BK and was discharged in 2008. I never had an outstanding balance and I never missed a payment while being a member of American Express. They still cancelled me as a member though. So my question is, does anyone know if I can apply to be a member with American Express once again once my BK gets discharged? Or will I be blacklisted forever with American Express even though I never missed a payment with them? Thanks! Mike
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