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Everything posted by AboveAverage

  1. Good question and I'm sure you probably did the math too. That's the type of question every newbie should ask. All of those CCs are my open, available credit. Hooters needs to get used this month, as well as my Itunes (grrrrr), but the rest of them do get play. I PIF whatever I spend by my next paycheck, never carrying a balance for more than 20 days (14 days, really...as I get paid bi-weekly). Since you did the math, you saw that I can afford a sweet plasma, or LCD flat screen TV and put it on my credit (I really, really want one too). But I can't do it, because I don't currently have the cash behind it. I'd be going against the advice I gave you if I got my 47-50inch TV that I really want.... My cards get used for pet insurance, FICO score checking, True Credit, groceries, insurance payment, bill paying (cable, cell phone, etc), and miscellaneous items like clothes. If it's within my budget, I buy it. Budgeting has also helped me in the process. (It used to be a four letter word in my house....lmao). Plus, I spend my CCs around when they get reported so that I see close to zero utilization (except this month...wife wanted something from target, so September saw 1% of utilization ). I definitely encourage you or anyone else to ask me anything you want. I know when I started, this whole thing was confusing to me....but hey, if I could do it...
  2. I'll look out for that thread, but I'm telling you, if you ever want to see a light at the end of the tunnel, do not use that card to borrow from. The interest on that card will put you behind. Trust me, it will help you out if you play it right....you might get a HSBC yourself down the road, but stay away from paying interest. I personally used it to pay for groceries and stuff I had to pay for anyway (pretty much what I do now). I just wouldn't want to see you or anyone else cash strapped or at worst, behind the 8 ball instead of ahead of it. As for CJ, just have her read the countless of CJ threads that are here. I mean really...$30 bucks that you would have spent at the bar anyway? Or a movie night? Not exactly breaking the bank there....
  3. Wow...I didn't even notice that one myself.....I totally forgot. LMAO. What surprises me is that the OP still can't spell. LOL
  4. This was taken by the Credit Karma blog, but when I read, I felt it my duty as a participant of this fine board to share it with you. I think we can all take heart in what I highlighted in red. I don't necessarily agree with all of this. This is pretty much just the line that people are feeding us to buy into Wall Street's mess. But I do feel it might help those want to read up on the bailout themselves and form their own opinion, like I have. http://blog.creditkarma.com/ How the Bail Out Affects Everyone Written by Kenneth Lin The popular sentiment right now is that the $700B government bail out is about Wall Street, CEOs, and in general, rich people. While the bail out will most certainly help the aforementioned, it has much larger ramifications on the general economy. To start, a failure in the financial system of this proportion will create a credit crunch. This means it will be harder to borrow money and when you do, you will pay much more in the form of interest and fees. We already see it in the mortgage rate tables with fewer loan options and rates that are higher than their historical ranges given other interest rates. Recently, we are started to see the credit crunch begin to cascade to the credit card industry. We monitor rates and fees of approximately 200 credit cards. In the last few weeks, we have seen APRs increase. At the same time, we have seen fewer approvals for credit cards from people with similar credit as those who were approved months ago. This trend will probably continue to cascade into other sectors: auto loans, bank fees, etc. if the government does not act. The collapses will also increase unemployment and further drag down the economy. The upside is that taxpayers don’t pick up the tab and that the large corporations get what they deserve. It’s not our goal to take political positions on this bail out. There certainly were bad decisions, poor management at these financial institutions, and there needs to be accountability. However, as columnist Steven Pearlstein wrote “You can try to prevent a financial meltdown or you can teach Wall Street a lesson, but you can’t do both at the same time.” With that said, it is upon each of us to understand the issues, the ramifications, and then make an informed decision.
  5. "Mr. Happy", "Stanley, (like the power tool, oooh!)", or whatever name you want to call the big guy is what gives men our identity. I stand by my earlier statement, if I have to be left without him, you'd have to kill me too...losing that is truly worst than death...even if you can't use it. I'm not even talking jazz...as a man, I really mean that.
  6. I just joined credit karma after seeing my favorite price (thanks Donna). Uses the same scoring system as TC, I guess, as both say I have 628. I am also in between fair and poor according to both. Well this is going to be interesting, as I got two pullers, one free. If I have to dump tc to get chase again, I will for le bumpage. I so miss having zero TU inqs..... *sniff-sniff*, now I'm battling for 5-6 INQs....ehhh, better than 24 though, I suppose.
  7. Thanks guys...just trying to push on to 700-land. At this point it isn't even a matter of if I get to 700, it's when. Which is why I want to hold off on any more app sprees. Plus, stuff is gonna die on it's own and I am attacking Cavalry (which will definitely help). Even the tax lien on my report (which is paid) isn't killing me.
  8. Ooooo, mistake number 1, right there...caring about interest. That is one card you want PIFed monthly. Never pay interest on a CC, be it 8% or 80%. As long as they give you that 20-25 days, take advantage of that and PAY IT off. However, initially, like you I thought Rewards 660 would be good too. Secured cards had always had a bad rep (with me and others here), because it was cash you had to be without for at least a year. However, I learned that a secured card would have been better for me a bit to late and I was out $250. In a nutshell, I fired them after 6 months because on my 6th month they closed my account because I paid them more than 2 times in a month. They wanted proof that my bank card was mine. This was also around the same time that my bank got pilfered for $600 due to identity fraud, so there was no way I was going to fax them my bank information. I had a $170 balance on the card when I closed so I told them as soon as I pay it I want it closed AND I want "account closed by customer". They complied and used a pension loan and part of my tax refund to pay for my BOA secured card. I have real CCs now. Firing Reward 660 was very liberating. I already had at that time the HSBC, and I needed one more card at that time to augment the 660 loss. Since my secured is $2k, when it graduates I am hoping my CL will be about $5k or more as BOA has been known to be generous with CLIs. I hope in a few months that is the case. Also, they only report to TU and EQ, (no EX), so I was better off anyway. The only CL I have that doesn't report to all three is CJ, but because it's a 2500 CL, I can't get rid of them. I will buy whatever POS I can with CJ so that it remains open. (sorry for long post...lol)
  9. Not just ride a desk? 1) golf outings 2) country club outings 3) contributions and parties to his buddies at Washington so that he can have his influence 4) board meetings and make sure that shareholders are lied to 5) conference calls to analysts and every now and then dip into the expense account to pay that analyst off (yeah yeah, that's illegal, blah blah blah) CEOs have tons of responsibilities....he probably spends at best 2-3 hours a week at the office (if that, my friend, if that).
  10. You are talking about student loan rehabilitation. With student loans, you have to already have defaulted on your student loan, then request to get into rehabilitation and then make 9-12 on time monthly payments (depending on where you are and/or who owns your student loan paper). One late payment, and you have to either start the process from scratch or the rehab is done altogether. As someone who went through that, I don't wish that on anybody, if they can help it. Especially if your guarantor is a state/federal agency. I understand life happens, and even though I would love to see this happen even for responsible mortgage payers, I pretty much don't think those greedy mortgage lenders will do anything to voluntarily lower interest rates on loans. That's why folks should try to throw a couple of hundred more a month at their mortgage and lower their interest that way.
  11. Very early on, my sister used a very popular mortgage broker in my area. They are always on the popular radio stations in the NYC-metro area. In any event, from what she was telling me, she had to get a whole bunch of docs just for them to deal with her too. I believe that while you spend much time and grief going the route SB suggests, many lenders will pay a good portion of your closing costs. In the end, my sister decided to follow my advice and deal with a bank. The bank she went through forgoed many of the fees (application, credit report, appraisal, etc). Mind you this was a few years ago, but the bank did hook up alot of her closing costs. And no, they were not backended into the loan. The bank picked up the tab. No mortgage broker (that I know of) is going to give you that kind of deal. My sister does have great credit...but she had to deal with life's responsibilities much earlier than I did at the age she started.
  12. I believe originally it was LB's beef about folks who never learned what a homophone was in second grade english (patients, patience). While it bothers me too (for so many reasons I won't get into), I let it live. I just flipped it into that discussion your 10 cent millionaires...I actually used to be a penny millionaire....but then I met my fiance and now I'm just a middle-class schmuck trying to get by and no longer trying to perpetrate the fraud.
  13. Lawyers (non-gub'ment) like living high; so you're right, I'm not toally amazed. I can't feel sorry for any class of folks who love driving cars worth 6 digits to the left of the decimal point (or very high 5 digit) but can't afford to pay more than their minimum on their credit cards.....
  14. This is why Wamu was not part of the bailout...if it were, than this d-bag may not have gotten his sweet severance. Sad thing is, he will simply go to another firm/bank where they are looking to sell themselves. Man....that MBA must really pay off in the long run....because really, what do CEOs do all day? Really? Why is this a board announcement, anyway? LOL
  15. While you would think that doctors have a lot of dough, you'd be amazed at how a good deal of them have credit that sucks (presumably because of their med school loans).
  16. I definitely concur, SB. Summer '09 was pretty much when I wanted to be done with the process of homeownership. Between the better scores and a decent-size down, I should be able to stomach whatever comes my way. Thank you for your suggestion about a buying agent. Did you feel that having one significantly added to your cost? I can see the benefits in having one, as you definitely want your interests protected and it's pretty nice that he's not working on both sides of the deal. (he=general pronoun...lol) Congratulations once again. Here's to you.
  17. Yeah, I agree. I remember that Married with Children episode when Al got snippity-snipped. A whole month of him not getting excited or he'd be in such pain. In my case, I'd be in pain every few minutes because of all the tail I see.......I will pass.
  18. Thank you for sharing, SB. I am trying to mentally prepare for my own colonoscopy in relation to starting this process. Every bit I read from CICers like you, Donna and others help. I guess I should rethink my position on FHA...like you I didn't want to deal with MIP in perpetuity of the loan. And with you prepaying points, I guess they had you a bit over 7%. The market right now is great to buy, but the Virgo in me tells me that I need to have all my ducks in a row before I even start. I remember the runaround my sister and friends had to do. I want substantial cash and a decent score before I start, though I am sure I can do it right now if I wanted to. Thank you once again.
  19. As long as you offer no opinion on senators, congressmen, president and the like, you're ok. If you can talk about government without waxing politics, you're ok too (a difficult feat in itself, but thanks to this bailout, we are seeing that a lot lately).
  20. Please, oh please, be wrong.... LMAO.....
  21. Only for my sake, I really hope not. I was really hoping to get a Chase card and if they get Providian's history, they'll find out that I burned and may not give me love. I want to apply now with my current FICOs but I'm not sure if it's worth the INQ.
  22. You reminded me of something when you mentioned frequenting CIC. I found CIC because I was actually trying to dig up further research on Lexington. I didn't find CIC because I was looking for "do-it-yourself" credit repair. I would suspect others found CIC in a similiar same manner. CIC gave me the blueprint for doing it myself. I have said on other threads that a grand majority KNOW they can fix their credit themselves, and in fact so did I. But what I did not know was about the illegalities of certain things like re-aging an account. I was able to get rid of one baddie early on because of that. A friend of mine didn't even believe me until I showed him proof. CICers, CBers, and the like represent a minority in this country, a very diverse minority, but a minority nonetheless. Probably less than 5% of the US population search on boards like this. Maybe even less than that. I don't have data to prove that, but the fact that people are still paying collection agencies and JDBs is still pretty evident.
  23. Congratulations! It must truly be a blessed time for you and your family. Could you get into specifics about what type of mortgage you have and your interest rate? Also, aside in your DH's bankruptcy and the like, could you explain a bit of the mechanics that went into your "miracle" that made Charles succeed where other officers wouldn't even touch it? No doubt Charles is good, Charles is great (definitely seems to be a knowledgable guy), but if you could share a bit more of your story, it would be more than appreciated. May even explain why the other guys wouldn't touch it. I privately spoke to Charles and he does deal with folks in all 50 states, so when it's my turn, I might give him a call before I find folks that are local. In any event, I sincerely hope you are happy and wish you much success.
  24. You can keep your banked bread, but you can play doctor with me if you'd like..... To everyone else, seriously, I did more in 10 months than Lexington did in close to a year. My scores in my signature were the results of the patience I had to develop. I also believe that doing it yourself will help guarantee that you won't fall in the same problems as you did before and you will respect your credit more. Think about that, if I give you a house free and clear, will you take care of it? Maybe, maybe not, but if you bought the house yourself, chances are you will appreciate the house better because your hard work got you that house. Just food for thought.