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OMG my hubby had a couple of payday loans on his report....guess what I had them deleted because they could not validate...don't pay...DISPUTE THEM!

:shock: I thought the payday lenders (internet) do not report to the credit bureaus only Teletrack!!! CRAP! My loans just recently defaulted and I am contacting each of the payday lenders (not an easy task because some of them are such pricks....threatened me with wage garnishments/jail, laughable if you ask me) to arrange payments.

Threatening is a BIG no-no!! PayDay loan collections are reported to the CRAs; so do as Cav recommended, dispute them...and DV their asses!! Also, check to see if payday loan lenders are/are not banned in your state... http://www.debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=40030&highlight=

Even if they can do business in your state, make sure that their practices & interest rates are legal there.

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Threatening is a BIG no-no!! PayDay loan collections are reported to the CRAs; so do as Cav recommended, dispute them...and DV their asses!! Also, check to see if payday loan lenders are/are not banned in your state... http://www.debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=40030&highlight=

Even if they can do business in your state, make sure that their practices & interest rates are legal there.

The payday lenders are not banned in Indiana. However, Indiana has a strict laws regarding the interest rates. But, all the loans I had were from online internet lenders. They ALL are not licensed in Indiana but they all told me that I am to follow THEIR state laws (UT and Delaware!) and they are not to comply with the consumer's state usury laws. So I am not sure where to go because their interest fees and charges are ridiculous. I am willing to pay back what I TAKE OUT not the crazy fees.

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NO...Don't talk to them over the phone and DON'T Pay them...and like Earth said....THREATENING IS A NO NO...

Thats a problem because I already started the arrangements with some of the payday lenders (keep in mind my accounts were not turned over to the collections yet) :( The payments has not been done yet though. lol Maybe I should research those lenders and see if they should adjust accordingly to MY state payday interest fees/apr. Maybe all those crazy refinance fees I have been paying all along should take care of the balances.

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I applied turned down, :<img src=:'> whatever. My scores are being killed by this frikin child support. Called today to have them change the status to paying, no dice, I have an idea ::BigGun:: or maybe not, it'll be paid in 10 months. Just have to wait it out.

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I was notified by True Credit of a new account. Well it turns out I was approved. It shows a date opening of 5/31/06, but I still haven't received the card yet. I guess I will give it another day or two. It also shows I have a $1,000.00 limit!!!

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Approved today for a $750 CL. I've got 2 paid/transferred C/Os and a couple of lates on mortgage. My scores are TU FAKO is 618, EX Fako is 578, and EQ Fako is 628. My FICO scores are extremely different as I've got a 648 TU and a 704 Experian.

Thanks to all of you folks on this site! LadynRed, You're my hero!

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Just received my Hooters card today. $6,500 limit with a 17% rate.

This was approved 10 days ago when my scores were around the 620 to 640 range. If I would have waited, I probably could have got $10K

My college buddies will love the novelty when we hit Hooters after golf next week. (Strictly for the wings ...)

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I can get a house but no credit card..

Yup...your mortgage is a secured debt. If you default on your house loan, they can take your house. If you default on your CC, there's always a chance that they could get nothing (unless you get a secured card). Most creditors don't want to take that risk.

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I can get a house but no credit card..

Yup...your mortgage is a secured debt. If you default on your house loan, they can take your house. If you default on your CC, there's always a chance that they could get nothing (unless you get a secured card). Most creditors don't want to take that risk.

What EARTH said...I was about to say that :wink:

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Applied for, and found out that I was approved with a $2800 limit. But I found this out from Experian before them. Seems they must have reported the acct to Experian almost immediately.

Received the card two days ago, called them and asked what my APR was--14.25%. No yearly fee. Inquired about balance transfers (I have a $1500 balance on a Direct Merchants Bank card that is charging me 24%), and was told that I could do it with a convienience check - which they treat as a purchase and not a cash advance.

I've had a good relationship with Merrick Bank for the past 4 years. I find it odd that the limit on my Merrick Visa is $3,000 and only $2,800 on Hooters. But I assume that will change soon enough.

On the downside, my TU score dropped from 692 to 650 (EQ stayed the same at 680 and Experian went up from 681 to 686). But with a CH 7 BK deleted from TU, two unauthorized pulls and a couple of other pulls falling off in the next month or so I should be right back up there. I guess it will take a tad longer than I thought to hit the 700 club.

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okay so how does one rebuild their credit cards? my reports are all cleaned up and the scores are decent - should i get a securred card? if so for how long before i apply for unsecured???

If you have cash in your savings, a secured is a good idea. But if you're looking more for unsecured, try Orchard, Target, or Chevron. They seem to be the easiest to qualify for & are good places to start. After a few months of reporting, you could then try your luck @ higher limits or a totally different card.

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I applied and they declined me due to the bk not a year old - I am a risk she said:(

doesnt anybody want to give me a credit card??? I can get a house but no credit card..

I applied and got a Hooters mastercard with a $500 limit. My bankruptcy was only discharged 3 months ago. So thats kinda weird that they turned you down because your bankruptcy wasn't over a year old. My credit scores are even lower than yours too.

06/16/06

TU 546

EQ 550

EX 614

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I applied on Friday, called today and the first rep says no status. I call again 3 hours later and rep says hold on, comes back and says letter was sent out :? I asked if I was approved rep says "we don't get that info from the credit dept all they told me was that you should get letter by Friday" :roll: Why do I get the feeling I got denied :x Part of me says if I were denied why would it take a week?? :lol: Well I just have to play the waiting game I guess. :?

P.S. Scores are TU 630, EX 655 & EQ ??

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Don't get discouraged yet.

I received the same message. At the time I applied, my scores were lower than yours and I was approved for $6,500. It took about 10 days to get the card and the acceptance.

I think the amount of credit is a function of what credit you currently have available and your income.

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