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About dervrak

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    Charleston, WV
  1. Wells Fargo is kind of strange. I had a car repossessed by them in 2011. They sent me one demand letter for $24,000 a few months later. Then...nothing. Two years pass and I get an IRS 1099C Cancelled Debt notice from them (which means they took the debt as a tax write off and can take no further collection actions or sell the debt). I've had the "book of the month" club go after me harder for $30.
  2. (Caveat: This worked when I was employed in banking ~2005, not sure if it still does) I worked for Riggs Bank back in the early 2000's (a regional bank in DC-VA-MD that has since been bought out by a national chain). Like most financial institutions, Riggs issued credit cards to banking customers based on credit scores....however the credit limit was assigned by the cash flow into your bank accounts and was reassessed up or down annually based on increase/decrease in cash flow. Well working in the credit review department, I realized all the bank was looking at was the total amount of deposits into your account during the year, they did not look at the source of those deposits or your cash flow out, they simply assumed your "income" was the annual total amount of deposits into your account. This gave me an idea. At the time I was making roughly $2,000 biweekly. I pulled $4,000 from my saving and started depositing it $2,000 a week into my checking account on the off weeks when I didn't get paid, then at the end of the month I would withdrawal it all and start over again the next month. So to anybody looking solely at cash flow into my account it appeared my annual income had suddenly doubled. Sure enough after year one. My RIGGS Visa credit limit suddenly jumped from $10,000 to $25,000. So I decided to go for broke the 2nd years and do the same thing but with $8,000 instead of $4,000. Jackpot! year 2 my credit limit jumped from $25,000 to $50,000 (which was the highest limit Riggs offered at the time). Bare in mind this was on a "real" income of $57,000 a year, even though my cash flow made it look like I was making 3 times that amount.)
  3. I had a weird experience with AMEX, I declared bankruptcy in 1999 and discharged an AMEX card in the amount ~$3,000. Well in 2017 I applied for an AMEX card, was approved, only used it a couple time and kept it payed off. Then last month I got a notice from my credit monitoring service that my AMEX account was "closed by grantor". I figured it had simply been closed for non-use as I hadn't put a charge on it for over a year. However, when I got the notice in the mail it said the account had been closed due to "prior charged off AMEX account". Lol! I guess somebody at AMEX must have done a search of 20 year old charge off records and flagged my account.
  4. Yeah, Capital One is famous for "Sewer Serving" (IE basically committing perjury by telling the court they served you when they didn't). They did the same thing to me in 2008, I had moved out of Virginia in 2005, yet I received a notice of Garnishment and when I researched it, Capital One had gotten a default judgement because they attested to the court that I had been personally served at my residence in Virginia in 2008, which was of course impossible because I hadn't stepped foot in the state for three years at that point. I looked into challenging it but the cost of a lawyer would have been more than the $1,100 judgement, so I ended up just paying it. But I still get angry every time I think about it 11 years later.