Determined1

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Determined1 last won the day on May 24 2014

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  1. Excellent article on how to raise your credit score, and the major components affecting your score. How to Raise Your Credit Score, Fast http://www.bloomberg.com/news/articles/2016-05-10/how-to-raise-your-credit-score-fast
  2. Maybe they've finally become too grouchy and your ISP is warning you?
  3. There may be one other possibility to consider since this is a credit union. @brandie2881 did you have a savings or checking account with this credit union? Most credit unions require a $5 deposit to open an account. Is it a possibility that you left a dormant account behind? The credit union could have closed the account and applied such a deposit to the account balance, using an account provision called "right of offset." I'm not saying this is what occurred, but the $5 amount is what most credit unions ask for when opening an account. P.S. If this is what occurred, I don't believe the application in 2016 of any deposit to an alleged debt from 2010 is legit in terms of re-aging. I'd still fight it.
  4. If you were denied on the basis of inquiries, and have a letter to this effect, then you're in a much better position to demand damages. The American Arbitration Association now has a consumer clause registry that shows all companies and other organizations that use AAA Arbitration clauses in their contract, and the terms. Check out this link to see if your bank is listed: https://www.adr.org/aaa/faces/aoe/gc/consumer/registrywelcome;jsessionid=vyUTrCFMRi4zK3vzYc1VuOSK5E06CszcBAXnqed9tqAaVJ2kthXT!-1485502971?_afrLoop=185177536178598&_afrWindowMode=0&_afrWindowId=null#%40%3F_afrWindowId%3Dnull%26_afrLoop%3D185177536178598%26_afrWindowMode%3D0%26_adf.ctrl-state%3D1g1fsd00z_4 Prior to this, many institutions denied arb against consumers filing a complaint to force a wrestling match in court. Now that AAA has tightened up their contractual relationships via registration to this platform, they can't wiggle off the hook so easily. Go get 'em!
  5. This is a pet peeve of mine (hate when banks pull credit without my consent). If you did not act as a co-signor, I do not see the permissible purpose. However, I think it's unlikely you'll have an arbitrator award you any money damages. You can always invoke arbitration and send a demand for the damages and removal of the credit pulls from your reports. I doubt the bank will want to arbitrate, due to the expense. However, I wouldn't pound the table too hard over a financial award - personally I'd settle for withdrawal of the credit pulls.
  6. John Oliver skewers credit bureaus for false reporting of consumers' credit histories and failing to take proper measures to correct errors in this hilarious presentation. http://time.com/4288093/john-oliver-credit-reports-last-week-tonight/
  7. Thanks for posting this @debtzapper, very helpful information. Please take note, Syndicated Office Systems also uses the name Central Financial Control. Both entities / names are operated by Conifer Health Solutions, which is owned by Tenet Healthcare.
  8. @willingtocope excellent information and feedback, thank you! @CML207, please make note of Willingtocope's last post, I think he's made some great points on this topic.
  9. That's very interesting @willingtocope. I agree that 8 cards is more than necessary but was relying on the FICO score I see on one of the credit bureau monitoring contracts I use and their explanation of what goes into the score in my reply to the OP. I did not realize reducing the number of cards to two would cause a mortgage score to rise. Do you think a mortgage score would also rise in the instance where reducing the number of credit card accounts to two would also significantly reduce the average age of accounts?
  10. @CML207 also keep in mind the average age of your accounts effects your credit score, too. Therefore, if your credit card and other accounts are only a few years old, and the average age of all combined credit accounts is a relatively short period of time (let's say less than 5 years), then closing most or even some of them after you bring the balance to zero will shorten the average age of the remaining open accounts. This will hurt your score. In addition, if and when you use the remaining open accounts, your utilization rate will be high, negatively impacting your score. If there are no significant annual fees to keep them all open, and the average ago of your accounts is low, it can be a good idea to leave them open and stick them in a drawer for a year or two so the average age of your accounts is sufficient prior to closing them. I'm not certain what a healthy average age of accounts is according the FICO scoring algorithm (my hunch is more than 5 years), perhaps others can chime in if they know.
  11. I agree @Clydesmom. Are you aware of any rule, law or case that states this is the proper method?
  12. Thanks for the feedback @bassplayr. Your comments are interesting. I did not consider the scenario where both parties are named (the issuing bank and the retailer). In my credit reporting issue, I had multiple banks and credit card issuers that I was doing business with (or my company was) fail during the banking crisis and others that changed hands due to mergers / acquisitions. Keeping the parties straight on my credit report was like a game of musical chairs. I hope someone might have a rule that states who should be reporting when there is a separate credit card issuer for a retail bank, retailer, or affinity card. I reviewed info on the OCC and FDIC websites without luck. If anyone can cite a rule on this it would be helpful in my correcting errors on my credit report.
  13. Hi, A question for my CIC friends: When a credit card issuer does not have typical retail bank operations, but is primarily an issuer of credit cards, and issues a credit card through a standard retail bank, who is the proper reporting entity listed on a credit report? For example, lets say First National Bank of Omaha (who has no retail locations) issues all credit cards for First Community Bank (who has retail locations), who is the proper party to be reporting on a credit report? Thank you.
  14. I'm surprised to see them handling this. They are a third party claims administrator for insurance companies. My hunch is Verizon has a liability policy with an insurance company, and the insurance company has a claims contract with Sedgwick. If you filed a lawsuit against Verizon, they probably passed it on to their insurance company. If you have a strong claim, tell Sedgwick what is going on. Large companies are typically not eager to run up large legal bills on small claims cases.
  15. Westgate Arbitration a/k/a Northwest Mediation Services http://www.bbb.org/upstate-new-york/business-reviews/collection-agencies/westgate-arbitration-inc-in-amherst-ny-235969379/