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1,116 Contributions 1,031 People Helped Top Contributor

Member Since: December 2015

Most Helpful Contribution

Blue Cash Everyday® Card from American Express

Oct 14, 2019
I see some things never change...
Helpful to 218 out of 232 people

I had this card from 2001-2006. Everything went fine until I found myself getting divorced in mid-2005. Suddenly, out of the blue, they cut the limit down from $10k to roughly $4k, with no warning whatsoever. Note that my ex and I kept our finances separate, so the card was just mine. My balance was a bit north of $5k at the time, which shoved me immediately into their fun 30% punitive interest rate because I was suddenly over their new limit (where previously I was not.) I call them and ask why they did this, they said "policy", and refused to discuss anything further. Nice job of coming out of nowhere to kick a man when he's down, Amex!
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Fast forward 13 years, and with a vastly better credit score (and a far superior wife, little-to-no debt, a massively higher salary...) I figured I'd start looking to expand my card portfolio a bit. I generally keep the balances well under $100, and pay them off each month. However, I wander by here, and see that others still suffer the same issues I had suffered. The whole demanding one's tax returns as well? Umm, no thanks, Amex. I see you still have a long way to go to clean your act up, and I for one refuse to fall into your mess again.

Activity (1116 Total Contributions)

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REPUTABLE CREDIT REPAIR COMPANIES???

Dec 04, 2019
Helpful to 93 out of 94 people

If you're going to scam people, at least 1) make it credible, and 2) spell your site's name correctly.
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(Seriously, do spambots not get paid as much these days, or did they offshore it entirely?)

Blue Cash Everyday® Card from American Express

Oct 14, 2019
I see some things never change...
Helpful to 218 out of 232 people

I had this card from 2001-2006. Everything went fine until I found myself getting divorced in mid-2005. Suddenly, out of the blue, they cut the limit down from $10k to roughly $4k, with no warning whatsoever. Note that my ex and I kept our finances separate, so the card was just mine. My balance was a bit north of $5k at the time, which shoved me immediately into their fun 30% punitive interest rate because I was suddenly over their new limit (where previously I was not.) I call them and ask why they did this, they said "policy", and refused to discuss anything further. Nice job of coming out of nowhere to kick a man when he's down, Amex!
--

Fast forward 13 years, and with a vastly better credit score (and a far superior wife, little-to-no debt, a massively higher salary...) I figured I'd start looking to expand my card portfolio a bit. I generally keep the balances well under $100, and pay them off each month. However, I wander by here, and see that others still suffer the same issues I had suffered. The whole demanding one's tax returns as well? Umm, no thanks, Amex. I see you still have a long way to go to clean your act up, and I for one refuse to fall into your mess again.

Capital One® Platinum Credit Card

Oct 10, 2019
Solid, Feature-Rich, All-Rounder
Helpful to 46 out of 47 people

When I successfully got out of Chapter 13 bankruptcy in 2015, I need to rebuild my credit from basically scratch in order to purchase a home. The lender recommended the Capital One Platinum. I got approved instantly for $500. A month later, my credit rating skyrocketed, and two months later, I moved into my new home. Today, I have a $6500 limit (zero balance), a new (to me) truck with a very decent rate, and an awesome score across all three bureaus. Without that first approval long ago, I don't think I would have been this far along financially.
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Capital One has been there the whole time, adding tools, a very decent app that tells me instantly when anything is done with the card (or when my missus uses hers), and much more besides. I keep the balance at zero, but it has come in handy once or twice when something unexpected had cropped up.

how long before a bankruptcy is removed from my credit report?

Oct 07, 2016
Helpful to 49 out of 51 people

Not quite 10 years... if it's Chapter 7, it's ten years from being granted. If it's Chapter 13, it's only seven years from filing date.

I need help with duplicated items inside a bankruptcy

Dec 23, 2019
Helpful to 36 out of 37 people

I can second the fact that "duplicate items" will appear in your credit reports during a bankruptcy... as a debt gets sold to one collection agency, the moment they find out you've declared bankruptcy but not yet had it fully granted, they will quickly try to sell that debt to another collection agency, to at least get something out of the deal (because they know full well that they will soon get nothing and will have to eat it once that bankruptcy is granted by the judge). This can happen 2-3 times or more depending on the courts' backlog and how long it takes.
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The good news is, those debts are not counted as "new" (outfits like LVNV tried to up-date them to make them appear new, but that's been illegal for some time now and such attempts are severely punished.) This means that those 2-3 dupe debts will have the same expiration date as the original, 7 years from first delinquency.

how long before a bankruptcy is removed from my credit report?

Oct 07, 2016
Helpful to 22 out of 22 people

I actually went and looked it up - depends on which type of bankruptcy you got. For Chapter 13, it's seven years (since you partially repaid debts). For Chapter 7, it's ten years from date granted (since you didn't repay anything).

Getting nowhere...please help if you can

Dec 16, 2019
Helpful to 65 out of 70 people

You might be able to negotiate a removal with those previous servicers/collection-agencies, but I sincerely doubt they'd want to given that they sold the loan to someone else and have no incentive (other than geting a big wad of cash from you) to remove those entries.
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The good news is, if you keep it going pat and current, the negative entries will start falling off when they reach seven years after the first delinquency - this means if you started missing payments on that loan 7 years ago, the negative entries will start falling off pretty quickly. 

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As for the bounciness of the score, don't let it worry you too much... it will stabilize over time. Credit Karma uses the Vantage scoring model, not FICO, so one doesn't always reflect the other... the Vantage model should be used as a tool to see which way your score is going over time is all.

i need credit repair help to get rid of mothers medical collections

Dec 23, 2019
Helpful to 35 out of 38 people

You can do most of what these companies do on your own... if you have debts that are not yours listed on your credit report, you can file disputes with each bureau (Experian, Transunion, Equifax), and have them removed. Just send certified mail to each of these bureaus detailing which debts are bad.
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One thing to keep in mind though - if you signed so much as one piece of paper at the hospital that states you will be responsible for the patient, you will end up eating the debt. Hospitals are kind of sneaky that way - the nurse hands you a stack of forms at the ER, your mind is on your loved one, and you don't see "I hereby take financial responsibility for any debts insurred not covered by insurance on the patient" or similar... if you signed one of those, you're unfortunately hosed, and only bankruptcy will eliminate the debts at that point.

Why does my Equifax score on CK and the # a Creditor saw on my report differ by 100+ points?!

May 18, 2017
Helpful to 13 out of 13 people

1) CK uses the Vantage 3.0 scoring model, whereas most folks use FICO. The Vantage model is (usually) good enough to show improvements (or detriments) over time.
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2) CK contacts two of the three bureaus - Equifax and Transunion. The third bureau, Experian, doesn't share with anyone, and demands that you pay them a monthly fee to see their stuff. Experian may have your score so low that it dragged down the average, so you may want to get a copy of their report on you (just don;t get suckered into their introductory offer thingy and end up paying a $30/mo fee...)

i need credit repair help to get rid of mothers medical collections

Jan 09, 2020
Helpful to 11 out of 11 people

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