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Everything posted by cap1kid

  1. Passed today- can someone please explain this. Thank You
  2. So if your taxes are $1 then you get a refund check for $14,999? I don't see how that can be. This year my refund was 4,000- if everything is equal do I get a 19,000 refund, if I buy a house?
  3. The key is it's a TAX CREDIT- not a loan- it reduces your tax liability- I would like someone to explain exactly what it means- If my take on it is correct- Suppose you make 200,000 a year and pay 17,000 in taxes- your tax liability is now 2,000. Suppose you make 55,000 a year and you pay 6,000 in taxes- your tax liability is now $0.00 - that doesn't mean you get the difference back (15,000-6,000= 9,000) as a refund. Is this assumption correct??? I'm truly not understanding this tax credit thing.
  4. The bottom line- if he gets some goober Judge to sign a warrant- IT'S A CRIME!
  5. In some jurisdictions this may well be a theft complaint, unless you had a written contract. Usually the charge is 'theft by false pretense'. Just like you can be arrested for writing bad checks. I would the attorney generals' office in the parish he works from. I don't think Louisianna has jurisdiction over this because the goods were exchanged in Maryland.
  6. 1. Stop applying for more credit cards- your inquiries drop your score- and lenders use it as a factor in determining whether to issue credit- or alter your terms. Why do you need a 300 walmart and target card if you have a $7500 fnbo card??????? those cards are junk- 2. All those new cards have creating a 'young' avereage age of accounts- again lowering scores. 3. Keep your utilization down to between 10 and 25 % - unless you are precise about paying before the reporting time- your gonna end up with high utilization. 4. I'm sure your scores were rising (based on the increased credit limits) j
  7. They have FHA now. I'm waiting to see how the stimulus plan works out- they are talking about 4% mortgage loans and 7,500 tax breaks (that don't have to be paid back)
  8. Your a cash cow for CRAP1. The favorite kind of customer. I bet the Credit Limit is low enough that they don't risk losing a bunch of money if you bail- but enough that you keep racking up fees. Good Luck!
  9. I have a Chase charge off that keeps updating every time I dispute it. The amount due is $3000+ the original amount was around $900. The account had been delinquent for 4.5 years and is beyond SOL. I have enough other credit that its not damaging too much on my utilization- the problem I have is that in the next month I hope to apply for a FHA mortgage. What should I do about this account? I can't pay the full $3000 and still have down payment money- Will they accept and offer and show a zero balance. It went to a collection agency once- about 2 years ago- I DV'd them ( the collection agency
  10. Obama's stimulus package allows this tax break- BUT IT WON'T HAVE TO BE PAID BACK!- I don't know if it passsed yet.
  11. How old is the debt that it's not reporting? Do you have a SOL case?- Maybe you can get them to agree to a 'non-disclosure' clause- with penalties outlined- I'm not an expert at this by no means- but it seems- you've done well. !!
  12. I wish I lived in an area where you can buy a house for $100,000- Near me anything better than a mobile home is 250,000. I got a company car- so maybe I should move further out (away from beach) and commute- but then there is the whole school district issue....... oh my!
  13. Does the utilization lumps all cards together? or if your over 50% on one and the rest are low- does that drop the score? For someone whose never had a mortgaga- what should your mix of credit be to get the best 'mortgage score' /
  14. You are entitled to 1 free report a year from each reporting agency. Go to this is the FREE one- be wary of imposters offering a pay service. The free reports do not include scores. I know with Equifax- they provide a report number. I have heard that if you go to EQ's website and click the start dispute link- you use the number from the report and get an updated report- apparently you can use the same number over and over again- exiting each time before you actually start a dispute. I don't know how it works for the other 2 agencies.
  15. Geronimo- may I suggest the following- Since you haven't had a card in so long- you don't rely on it- Great- but you need to build some recent GOOD credit- 1) Join a credit union- a lot now are based on geography (county, city etc.) or occupation 2) Open a savings account- and place what ever you can each paycheck- say 100 a pay- until you reach $1000+ 3) Ask for a 'secured credit card" from the credit union 4)keep making those deposits in your account 5) never let the balance get over $400 6) use it to pay a monthly bill- such as a cell phone bill- and pay in full everymonth ( your use to t
  16. I use Creditkarma- it's free. I really don't think they pull daily- I think what they do is pull once in awhile and analyze your score based on natural aging of accounts. As far as using it to B*- I have no idea- you don't actually see a report- you see one score- and my CreditKarma score was 17 points lower than rue FICO score. I was getting two inqiuries gone a day- using CK and TC daily- back when TC was a daily pull.
  17. There's your aswer- go to Disney World- do SeaWorld later in the week- it is more relaxing and you'll enjoy the change of pace. Cruises are great- but kid's want Disney World. Then you don't have to worry about passports- Have Fun!
  18. Sure- your score will bump up. But the most important factor now is your recent history. As far as the housing application- see how it is worded- don't lie- but do not offer unsolicited info.
  19. When you get Life Insurance you designate a beneficiery. If you have no will and die- your estate is divided according to state law.
  20. One nice thing about Chase, I found that if you call the number and request name dialing- you can actually get a VP or higher up on the line. The way I did it was found the name of a person whose name was listed on a generic letter they sent me. Did the name dialing and spoke with a senior VP- the first words out of my mouth was about needing her information for a subpeona. She listened. It was was something about a fee reversal on a savings account. Problem Solved!
  21. Yesterday I got a letter from Fingerhut saying my Credit Limit was now $50000. My first thought was $50,000- I could buy all the junk they sell and still not spend $50,000. (If you have Fingerhut- you know what I mean) My second thought was TYPO!- So I logged on my account to find my credit limit was $500. Much more reasonable. I really didn't want a $50,000 credit limit from FH- the temptation would be too much. Looks like the made a typo on the letter they sent me- misplacing the ".".
  22. Way to go needhelp- who is offering you a bailout? I believe that Chase got 29 billion dollars of taxpayers money that you had no say in. Crap1 did the same thing to me- late fees leading to overlimit fees- default interest- I walked- I would have gladly paid the $750 I owed them- now its ballooned to $3000? Steal a little and they throw you in jail- steal alot and they make you King!
  23. My opinion: right now your concern is about a possible lawsuit before the SOL runs out. 1. I would find when you made your last payment- clock 5 years from there. That should be how long they have to sue- (assuming Missouri's SOL is 5 years for CC) 2. Lay low- don't draw attention to yourself- until either: a) the SOL is up they sue 3. You can worry about it reporting- after the SOL is up. Just my opinion-
  24. The REAL free credit report- if it isn't there it isn't on any reports- or go to each reporting agency and buy them individually. Don't go chasing ghosts.
  25. Looks lke they've covered all the bases- unless this is legitimately a case of fraud, they stand a good chance of winning a potential lawsuit. What is the SOL in your state? That may be your best defense.