missdoss

1 Contributions 7,862 People Helped

Member Since: September 2012

Most Helpful Contribution

Hard Inquiries and Soft Inquiries

Sep 22, 2012
Helpful to 7862 out of 8163 people

I am impressed, I know a lot of what was said here from past experience and you are gaining good advice. Car salesman will do multiple hards hits with ONE permission trying to find a company that wil give you a deal. They do not tell you that. Applying for any credit card, to get the free T-shirt or book bag, will be a hard hit on your score. Never go more than 50% of your credit limit of your scores goes down. If your limit is $1000, do not put more than $499 on that card. Also, when the credit card companies see you getting into higher debt with them and other companies. they suddenly start to raise your interest rate even though you were not late on your payments. They see you are struggleling with your  finances and go in for the kill because they can. If ever you get a call from a collection agency, tell them to wait while you start your tape recorder and ask them permission to record the conversation. They will either hang up or properly handle the situation. They are not allowed to threaten you with a lawsuit, call you at work, call you too early or too late at night, or mutilple times a day. They may leave a msg with their name and number to return their call. However,  not about them being a collection agency on an answering maching or voice mail that says why they are calling becuase anyone could hear the message and that would be a break of confidentialitey and a potentional Liable suit. If you are in trouble seek out a not for profit agency to help, not one that takes monthly payments from you and then says they will pay your creditors. That story always ends badly. I found HUD and Chatholic Charities very hellpful with No cost to me after I was in a car accident and unable to work for three years. Do not talk to anyone over the phone for more than an minute, tell them always do it by U.S. Postal mail, not emai either. In the event they harass you or do anything else the Fair Credit Bureau allows. you have an address to send a Letter or Sheriff to. Also, never admit to any debt until they prove you owe the money. Many times these debts get sold over and over again to another collection agency and the original paperwork is lost, so they can not prove you owe the money. I had ATT harass me for six years for a debt they said I owed of $30. I never had an account with ATT and asked them to prove . Every six months a new collection agency called saying I owed ATT but the amount kept going up. It wasn't until my lawyer handling my car accident sent a demand letter asking for proof of the debt, that the calls stop. Also, regular installment payment like a car or mortgage are good for building your credit, but they like to see revolving payments too as in Department stores, one month $213, pay it off, one month $399 pay it off, one month $29 pay it off.  Remember to have a personal relationship with your local bank. If they know you and like you they can bend the rules a little.

Activity (1 Total Contributions)

Hard Inquiries and Soft Inquiries

Sep 22, 2012
Helpful to 7862 out of 8163 people

I am impressed, I know a lot of what was said here from past experience and you are gaining good advice. Car salesman will do multiple hards hits with ONE permission trying to find a company that wil give you a deal. They do not tell you that. Applying for any credit card, to get the free T-shirt or book bag, will be a hard hit on your score. Never go more than 50% of your credit limit of your scores goes down. If your limit is $1000, do not put more than $499 on that card. Also, when the credit card companies see you getting into higher debt with them and other companies. they suddenly start to raise your interest rate even though you were not late on your payments. They see you are struggleling with your  finances and go in for the kill because they can. If ever you get a call from a collection agency, tell them to wait while you start your tape recorder and ask them permission to record the conversation. They will either hang up or properly handle the situation. They are not allowed to threaten you with a lawsuit, call you at work, call you too early or too late at night, or mutilple times a day. They may leave a msg with their name and number to return their call. However,  not about them being a collection agency on an answering maching or voice mail that says why they are calling becuase anyone could hear the message and that would be a break of confidentialitey and a potentional Liable suit. If you are in trouble seek out a not for profit agency to help, not one that takes monthly payments from you and then says they will pay your creditors. That story always ends badly. I found HUD and Chatholic Charities very hellpful with No cost to me after I was in a car accident and unable to work for three years. Do not talk to anyone over the phone for more than an minute, tell them always do it by U.S. Postal mail, not emai either. In the event they harass you or do anything else the Fair Credit Bureau allows. you have an address to send a Letter or Sheriff to. Also, never admit to any debt until they prove you owe the money. Many times these debts get sold over and over again to another collection agency and the original paperwork is lost, so they can not prove you owe the money. I had ATT harass me for six years for a debt they said I owed of $30. I never had an account with ATT and asked them to prove . Every six months a new collection agency called saying I owed ATT but the amount kept going up. It wasn't until my lawyer handling my car accident sent a demand letter asking for proof of the debt, that the calls stop. Also, regular installment payment like a car or mortgage are good for building your credit, but they like to see revolving payments too as in Department stores, one month $213, pay it off, one month $399 pay it off, one month $29 pay it off.  Remember to have a personal relationship with your local bank. If they know you and like you they can bend the rules a little.