• Content Count

  • Joined

  • Last visited

Community Reputation

31 Excellent

About Alexander

  • Rank
    Impressive 100+ postings
  1. LL Bean card from Barclays bank. Got on-line approval! Got 10 K at 11.74% variable. LL Bean has some nice wide sneaker boots and I need a new pair. With the card both shipping and return shipping are free. Trail Model Hikers, Low-Cut: With this card I broke $150,000 CL across 14 cards.
  2. Hurricane Ike seems to be heading for the gulf coast. Possibly someplace between Galveston TX and Houma LA on Saturday. It’s to soon to tell where this storm is going but it people along the coast should start thinking about making preparations. National Hurricane Center
  3. Hurricane Gustav weather links I just wanted to give people a heads up about a message board that is dedicated to meteorological data and tracking hurricanes and tropical storms. There is good info. over there on hurricane Gustav. Check out the Tropical Analysis Forum and the Gustav forecast updates!
  4. The problem is that under the new BK laws, if you make to much you can’t file CH7. And then there is the weighting period. A lot of people are upside down on their houses and not many people are buying right now at the current prices. Buyers can’t get financing and lenders want more than buyers want to pay. Home owners would do better to just get an apartment and walk away.
  5. After the current economic troubles are over, something needs to be done to regulate the lending practices of the banks originating mortgages. It’s probably inevitable that congress will pass tougher regulations. The Glass-Steagall Act should never have been repealed. I like Bernanke (Helicopter Ben), what a cool name! But paulson is not really quite up to this tough a stretch. Paulson tried to make a new word last month. Downcline is a new word! According to Treasury Secretary henry paulson. "Then I heard Henry Paulson say that "We're in a sharp DOWNCLINE. ..." In any case the Fed pulled of a nice save regarding Bear Stearns!
  6. Good post. Nice opinion by the appeal court! For the lack of a free record check they lost a federal appellate case! That’s outstanding!.
  7. Agreed. I can’t remember the last time I went over 1% CL utilization.
  8. Yup. But I worked long and hard to build up my credit profile. I started with a CH 7 BK and 32 negative accounts and public records across 3 credit files in 2001. Now I have over 100K in CL and 13 credit cards 5 of which are cash rebate cards of one type or another.
  9. Chase Freedom card What a great, great FICO score can do! I am putting this in the credit repair forum to give people hope and to gloat a bit. I applied for a Chase Freedom card online last week. I was immediately approved. This is a cash rebate card. It pays 1.25% on all purchase and 3.75% on the 3 most used of 15 bonus categories. I got a CL of $9,500 and an interest rate of 15.99% variable. Never mind that the Schumer box on the on-line site lists the interest rate at 17.24% variable. Oh and I get a one time $50 back bonus in about 8 weeks. I called the regular 24 hour customer service number on the back of the card and an automatic system activated the card. I pressed option zero to go to a service rep. I asked for a CL increase. She asked me what I would like. I said $25,000. She asked me my income, what I do and why I wanted the increase. I told her the answer to the first two questions and said that I wanted to keep my credit utilization low on the card. She said they would have to do a hard pull. I said fine. I got the $25,000. Then I asked if I could get a lower interest rate. She transferred me to a supervisor. The supervisor said I could have either 9.99% fixed predominately or Prime + 1.99 variable = 7.99%. I took the Prime + 1.99%. Last known FICO score = 788 from my Equifax file via about 10 months ago. Te He!
  10. That’s a good question. 1. A company in California called Fair Isaac ( ((FIC)) ) makes credit scoring algorithms. They are a public corporation full of egg head math whiz type people who develop complex credit scoring systems and sell them. At they sell credit scores from all three credit bureaus. 2. Three credit bureaus (credit repositories) exist in the US. They are: A. Equifax B. Experian C. Trans Union Each credit bureau has different information deposited into its data banks on each person of interest. That means you. Customers of credit bureaus are corporations that might loan you money. 3. The most talked about credit score is called a FICO score. That’s short for Fair Isaac. To get picky you have three FICO score for a single individual. If you are married the two of you have six. Beyond that, a few years ago Fair Isaac wanted to make more money so they created a new and improved credit scoring modal. It’s called NextGen. To differentiate a FICO score from a NextGen score Fair Isaac renamed their FICO score Classic FICO. To make things even more complicated their is a version one and version two of NextGen and NextGen is on a slightly different scale than classic FICO. The good news is that a 720 in classic FICO, the dividing line between good and great, is the same under the NextGen models. Also, banks will use one model or another but never a mix. 4. Beyond that their are special models for things like purchasing an automobile or a house. 5. So if you are applying for a credit card you could theoretically be judged under any of 9 credit models. For a house god knows! I hope that helps!
  11. "The police immediately arrived, took theplaintiff away from the teller window, had the plaintiff spread her legs for a pat down search, handcuffed her, and placed her under ARREST."
  12. I am not misunderstanding the law. I just totally disagree with you. I say again: Yes any bank can have any person arrested for trying to cash a check regardless of weather the check is good or bad. The bank just have to believe that a law is going to be broken by the action of the patron. "Reporting Criminal Conduct Is Absolutely PrivilegedIn Hagberg v. California Federal Bank (2004) 32 Cal.4th39, plain-tiff, Lydia Ortiz Hagberg, a Hispanic woman went to a California Fed-eral Bank to cash a check from Smith Barney. She presented her Cali-fornia driver’s license, Cal Fed ATM card, the Smith Barney check,and her Smith Barney account summary to the teller, who was also aHispanic woman. The teller suspected that the check was counterfeitand reported it to her supervisor, who immediately telephoned both Smith Barney and the Cal Fed Security manager. The supervisor wasinstructed to call the police.The supervisor then telephoned the police, and when asked aboutthe identity of the plaintiff, the supervisor responded that she appeared"white – maybe Hispanic". The police immediately arrived, took theplaintiff away from the teller window, had the plaintiff spread her legs for a pat down search, handcuffed her, and placed her under arrest. It was only then learned from Smith Barney that the check was not counterfeit. Plaintiff was released after being detained 20 minutes. Plaintiff sued Cal Fed of false imprisonment, false arrest, slander, invasion of privacy, intentional infliction of emotional distress, negligence, and race discrimination in violation of the Unruh Civil Rights Act (Civil Code section 51). Cal Fed filed a summary judgment motion arguing that Civil Code section 47 ( provides persons who report suspected criminal activity to law enforcement with absolute immunity from tort liabil- ity. (Cal Fed also argued a Federal Statute provided it with immunity, but the court did not address this issue.) The trial court granted summary judgment in favor of Cal Fed, holding that the statutory privilege applied. The plaintiff appealed. The Court of Appeal affirmed, holding that the reporting of criminal conduct to the police constitutes an official proceeding and Section 47( serves the important public policy of assuring free access to the courts. Because of a conflict between this ruling and other Court of Appeal rulings, the California Supreme Court stated that Section 47( is intended to "assure utmost freedom of communication between citizens and public authorities whose responsibility is to investigate and remedy wrongdoing". Otherwise, there would be a "chilling effect" on such communication, which would not be in the public’s best interest. The California Supreme Court reasoned that because the absolute privilege protects individuals from liability for reporting criminal conduct, plaintiff could not pursue his claims since they all flowed from the communication to law enforcement."
  13. Legally BOFA is not at fault. Any bank can have any person arrested for trying to cash a check regardless of weather the check is good or bad. The bank just have to believe that a law is going to be broken by the action of the patron. Weather or not he cashed or deposited the check makes a HUGE difference. To deposit a check one has to have an account with the bank one wants to deposit the check in. A bank generally won’t arrest a person for depositing a check even if it is bad. If the bank does not take extra steps to determine if the check is bad right while the patron is at the bank, the bank won’t figure out that the check is bad until days later. Then they just send the patron a letter stating that the check is bad. It’s the act of trying to get cash out of a bank when you don’t have an account with them that gets bank employees all nervous. I just think that is extremely bad customer service to arrest a person for trying to cash a check. Personally I have never cashed a check in my life but I understand that most banks will want to see a drivers license and will finger print you and of course they have a video of you. If the bank felt that the check was bad they could have offered the patron the opportunity of opening a free checking account and have the check deposited into that new account and place a 10 business day (half month) hold on the check. Cashing checks is just bad.
  14. Clark asks his listeners to do business elsewhere and pull their money out of BOFA. 17 Million dollars has been pulled out so far. This gentleman sold two mountain bikes on Craigslist to an unknown person and tried to cash a check for $2,000 in New York city and was arrested for felony fraud. He was tossed in jail, strip searched and locked in a small cell with drug dealers and users till 11:30 PM that night when his dad bailed him out for $4500, 10% of the $45,000 bond. He says he was never read his rights. The DA drooped the charges the next day. After 7 month he had the record of the arrests removed in superior court. He asked BOFA to pay his $14,000 in legal fees and they refused. Clark offered to pay half if they paid half and they refused this offer as well. In the California Supreme Court case, Hagberg vs. California Federal Bank (2004) a woman tried to cash a real check and was arrested under suspicion of fraud. She sued and lost. In general cashing checks is a bad thing to do. Just deposit them and if you get a check that might be fraudulent deposit in via the ATM machine. Because of check 21 and color laser printers paper hanging is a growing crime these days. It’s best not to take checks from people you don’t know. "How the Bank of America blunder went down By now, you’ve probably heard the story of the San Francisco man who was arrested and jailed when he tried to verify the validity of a check at Bank of America branch. Clark found out about this story and talked with the man, Matthew Shinnick, who has spent about $14,000 in legal fees to clear his name. It all started when Shinnick posted two bicycles for sale on Cragislist and received a check from a man for more than the cost of the bicycles. He went into his bank to see if the check was legitimate and verify that there was money in the person’s account. He was told it was a valid account and so he cashed the check. At that point, BOA employees called the police and Shinnick was arrested on fraud charges because the check was actually a phony. He had no idea that the real criminal had used the name of a legitimate company to fake a check. So, Matthew sat in the bank branch for hours while police figured out what to do and then spent the night in jail. Once he got out, he wanted to clear his name legally so the arrest would not come back to haunt him. He had to hire attorneys to do this and it cost him nearly $14,000. He then went to Bank of America and asked that the bank cover his fees because it was the bank’s error. But so far BOA has refused. This kind of treatment sends the message that banks only care about their bottom line and nothing about their customers. It's unacceptable and it's time to fight back." Check from a scammer bounces victim into jail BOFA meter of withdraws:
  15. It’s good that it’s only $200. Getting a police report is always a good idea. Especially with identify theft issues with banks that can get you arrested. Debit cards are covered under regulation E (electronic funds transfer act). Yes the debt becomes yours 60 days after you would have gotten your statement. No I don’t think you can call the bank charge off identity theft after the fact. No you are not eligible for deletion. Yes the bank could have and can have a warrant issued for your arrest and have your but tossed in the county jail. Yes the bank can go to court and try to get a judgment against you. If it were me I would write the CEO if the bank and offer 100% of the debt for deletion of the account and include a copy of the police report. I would carry a copy of the police report on my person until the debt is extinguished. If you use a debt settlement letter to pay off the account I would follow up later on and make sure that the debt is extinguished. I would also carry a copy of the debt settlement latter on my person. The time the bank has to take action against you will be the statuette of limitation determined by state law. In the future you should give serious consideration to never ever having a debit card of any kind.