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jetscarbie

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jetscarbie last won the day on May 9 2009

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  1. Because the risk is gone. I think some cc companies look at it like this...."I can give them money b/c they are not going to be able to file for bk for another 10 yrs" So a person that just got discharged from BK is easy pickings. If they happen to fall behind a little...the cc company is able to tack on tons and tons of fees and they don't have to worry that person is gonna run to BK court and file...b/c they can't. That's exactly why after they file BK....their score jumps up so high. They no longer have debt. I applied for a cc a couple of months ago and asked the person on the phone what my FICO's were. She said 805. 1 mth ago I was shopping on cars and asked and was told my credit score was 640. Yesterday my insurance agency told me my score was 700. When I was checking on refinancing my house, my score was 680. So I was curious last night after I posted that post to you. I called my cc company to get an increase. I asked what my score was. She said 808. See, there are tons of different variations of "credit scores" It has also been my experience...paying off bills doesn't drastically make your score jump up. I've heard of some people paying off bills and their score falls down. IMO...I think "sucker" scores means ... You can buy your score from thousands of different places.....and most will tell you a different score. AND none will tell you how you got that score. myfico may tell you that if you pay off this...it will boost your score by 70. So you pay it off and it does boost your score on myfico. BUT if you paid for your score with another company....it may not show any change at all.....or may even show a lower score. That could explain why 100's post on here saying "I just don't understand. Truecredit or myfico or Equifax says my score is 740 but when I tried to get a american express card they said my score was 6something." Nothing wrong with people wanting to know their score. Your probably right. I just try to keep them below 12% or 0 balance. IMO...a mixed credit report is the best kind. By mixed I mean....different types of loans. My best credit boost probably came when I got a small loan from my credit union.
  2. Shootingfor750...who really knows why scores move the way they do? My FAKO and FICO's scores are in the 800's. My mortgage score is 680. My insurance score is 700. My have 10 credit cards. They are all either paid off or below 12% I have no collections or negatives on my reports. NONE. All my credit limits are pretty good. I recently paid off a 8000 car loan. 4 mths later my FICO scores raised 10 points. In truth, most FICO scores move very slow. Somebody could get lots of cc offers for several different reasons. Some lending companies don't care if you have bad credit...heck, they even hope you do. They make a killing off late fees and defaults. And sometimes you get offers...AND don't get approved. You were just on a mailing list with that company. Now lets talk about scores..especially FICO's and FAKO's. No matter which...they both sell your information. Just like you have to pay to see YOUR OWN SCORE , other companies also have to pay to see what your score is. The cards are stacked against you from the beginning. I paid for my scores ONCE. After that, I quit. Waste of money. The only thing I do is get MY free credit reports once a year...and I space those out. The truth is....cc's make more money by you defaulting on your payments. Not saying they don't want you to pay....but if your late once or twice...that's prefect to them. People with 600 range scores usually have a late 30 day or a small medical or another collection on their report.....or high utilization on their credit cards. I've even seen people posting on here that just filed BK and their score is in the high 700's and they are getting slamed with cc offers. You said you want to buy a house. I did 3 years ago so I'm not sure what they look for now. BUT what helped me.....I have 1 years worth of "reserve" money saved up. I had a few cc's with little charged on them. I had long term employment. Reserve money is very important. Good luck. I think your on the right track. Don't stress so much about your score though.
  3. I know when I started my credit repair...awhile ago....it stirred up all kinds of new and old collection accounts. People should be warned that credit repair "can be" like stirring up a nest of bees. You have to approach each collection differently sometimes. Here's just some ideas that I did. I got all my credit reports from all 3 agencies. I got a poster board and made a chart of all collections and taglines on the poster board. Then I came here and hit the "search" bar. Like for Providian....I typed in Providian in the search and RESEARCHED the company in full. I read how others handled the situation. I highligted my bills by colors.....green for the ones people had an easy time getting rid of.....blue for 1/2 and 1/2 easy/hard.....and yellow for HARD. Then I went to the easy first. I disputed. I kept track of who I disputed, when, how, and the reply. I disputed stupid stuff on my report like misspelled names, SS#, old addresses. Then when I started recieving positive replies and deletes ( I felt good) then I started on the harder stuff. By then I felt comfortable with credit repair and knew what to expect. Some of my taglines I didn't mess with at all. The ones that would be deleted in the next 6 mths I didn't touch. Everybody approaches credit repair different. Some just jump in, some just stick their toes in the water.But just be prepared and keep everything. When I started repairing my credit....I had another collection start reporting even though they wasn't before my jump into repairing. It was a stupid medical bill that I fought long and hard with after that. That was probably my hardest collection account. Well, anyway...good luck.
  4. It's always been my understanding (anybody correct me if I'm wrong) but if you both were on the card, you are both responsible. No judgement of divorce can change that. My SIL and brother both were on a Chase card. They were divorced and the court told my brother to pay the bill. He didn't. He filed bk. Chase then sued my SIL. I remember her being told that it didn't matter what the divorce papers said....she signed, she was responsible. She ended up filing BK. It has always been MY experience dealing with Cap 1 and listening to others...that Cap 1 usually sues. Your ex sound like scum. Maybe your best bet would be to talk to a BK attorney. I wish you luck.
  5. yay!! Glad you got an approval. I think what is different about Slate is the blueprint. I think you get to choose from 3 different ways to pay your bill.
  6. thanks for the advice. She's going into pre-vet. Her first choice is OSU which is in-state. But she does have a few backups....two..in state and one out of state.
  7. I would wait until I hear approved or denied before applying for the Slate card. If you are denied for the freedom you will most likely be denied for Slate.
  8. I'm not really sure which would be a good card for your score. The funny thing about credit cards...some people get approved..who shouldn't and the people that should...don't get approved. For example....my hubby has better credit than me. Yet, he couldn't get approved for Chase freedom even though I could. Personally, with your scores...I would consider banking at a credit union and getting a credit card with them. They are usually pretty lax with members credit scores.
  9. I have the freedom card. I also bank with Chase with the Ultimate Rewards debit card. I just transfered all my freedom points over to my debit card to combine them with those points. I love paying bills and earning points. Then using those points at Christmas to cash in on some really good stuff.
  10. My daughter is a senior and she plans on going to college. I have been told that we are not going to get much financial aid if any. Her grades are very good but not super genius excellent. So I'm not sure about scholarships. My question is...what should be our first option if the above fails? What about the a second option. Her school counselor told me about parent plus loans where we co-sign. Any suggestions would be great. I just wanna keep myself out of debt and her....or as much as we can stay out of debt.
  11. Thanks for the advice. Yes, I think we are going to try the snowball payment on credit cards first. We really hate the though of consolidating right now. I am really scared about college...not b/c my child is growing up and moving away....I am more scared b/c I didn't prepare....and didn't realize how much it was. I don't know anything about college. All I know is my daughter wants to be a doctor. She has wanted to be that since she was 5. And at some point I am going to have to talk to the counselor at school about all this information she is sending me..b/c honestly...I don't know what it means. I am pretty sure we will have to take out some type of loans if she can't get full scholarships or more help. I just don't want to do the wrong thing.,...and tie her to something that she will never be able to handle...and the same thing for me.
  12. Yes, I need some advice...or maybe just somebody to confirm what I already know. I use to have bad bad credit. Fixed and have pretty excellent credit now. The one good thing about bad credit...you don't have to worry about getting new credit. haha Anyway, when our credit was being repaired..we got tons of credit cards. Some low limits, some high limits. Some good interest, some bad. We were not picky by any means. The first thing we bought was a home. Then a truck, then a car. Then we would charge a little here, a little there. Hubby went nuts and opened more cards....I think b/c he felt so good to be able to be approved anywhere. My problem now....we have so many cards. It's almost impossible to keep track when everything is due. I had things set up for automatic payment through the bank.....but that got screwed big time. We have a citi loan that is due on the 19th of every month. I had the bank paying it on the 18. Well guess what? Citi changed the day to the 17 (they said that the days do change) Late fee was charged. So that basically messed up my automatic payment thing....b/c now I have to double check every bill that comes in with the date that I have it set up. We've been thinking about consolidating our debt into one single payment. Any advice on what would be a good card to do that with? We talked about trying the credit union....doing credit cards and auto loans both. Is that a good step to try? We also have some medical bills that we are paying on. Should I include them? And the biggest stress of all.....college. My daughter will be going next year. The school is already pushing about filling this out, and this out. I have absolutely no idea how any of this stuff works at all. any advice??
  13. and one thing I have discovered when you have a medical collection.....sometimes you can get a lot done just by talking to the original hospital or doctor and telling them "if you pull it back from collections, I will pay this bill in full" I have found that most are willing to do that.
  14. For one thing...I wouldn't EVER give anybody a post dated check. Especially bill collectors. Money orders are the only way to go when dealing with them (IMO) And....I don't ever talk to them on the phone. I do all my talking in letters. I like proof. They already got your money...so they are not going to be nice and delete the tradeline. Your best bet is to wait a few months then dispute the tradeline with the Big 3.
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