paycarefulattention

124 Contributions 300 People Helped Top Contributor

Member Since: February 2014

Most Helpful Contribution

Green Dot primor® Visa® Gold Secured Credit Card

Mar 13, 2016
Perfect for rebuilding and establishing
Helpful to 148 out of 151 people

I don't understand all the negative reviews.  I have had this card since Nov 2014.  The application process was extremely simple and fast.  I was approved, deposited the funds and had my card within 7 days.   I have never had to wait 14 days for payments to process, maybe 7 days but as of late, my payments are available within a few days.   Listen folks, they have to make sure the money you are paying actually clears your bank. Remember, if we weren't sub prime account holders then maybe it would post same day.  It doesn't matter that they have a secutiry deposit. Just like a landlord, who also has a security depost, won't allow you to be late with your rent.  I have NEVER had a problem with this bank.  You can even add funds to your account to increase your line of credit which I also have done with no problems.  I haven't had to speak with any customer service reps so I can't comment on that aspect.  Sure, you can't convert to a secured card with this bank but that is stated up front.  I look at it as if I have another savings account somewhere that I can't touch.   People need to read the terms and conditions of any card - read all the fine print before applying and you won't have any surprises.   Do not use more than 30% utilization! Of course if there is an emergency you may have no choice but pay it down as fast as you can.  Your credit score will drop if your utilization is high.  If your a member of Credit Karma you should have learned that in the first few weeks of reading.  My credit score rose 60 points within the first few months of having this card and 100 points within a year.   It continues to rise as I take good care of my credit and spending habits, somthing I didn't do when I was younger. Another thing, before applying with a company read reviews as much as you can and not just this website, all over there are reviews on every credit card company.  As I stated above it is very important to take the time to read the terms and conditions.  I hear too often people claiming they were never told something, meanwhile they check the box stating they read the terms and conditions where that certain "something" was stated.   That section contains all the information you need to know about the rules of their game.  I wish everyone the best on rebuilding or establishing credit.

Activity (124 Total Contributions)

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What does it mean when a collections account has been removed?

Aug 20, 2016
Helpful to 7 out of 7 people

After the statue of limitations runs out, you cannot be sued for the debt.   However, they can still try to collect.  Here is what happened to me.  Last week I received a notice from a collection agency.  It was for a debt dating back to 2004 - car repo. Naturally, my heart sank as I started reading their letter and telling me how much money I owed them along with payment options.   I didn't owe them a dime but I knew they could find a way to ruin all the hard work I have been doing in restoring my credit.  I kept reading the letter with the intention of pulling out my records and proving them wrong, etc.  That is why I save everything!  Here's the crucial part - please pay attention to what I am going to say.  In very small letters at the bottom of the letter, where nobody reads, was a notice stating that since the debt is so old they will not take me to court, will not sue me, nor will bother me again.  This is an attempt to collect a debt only.

Make sure you read every word on any collection papers and even satisfaction papers.  If you get a letter of satisfaction, make sure everything is accurate and save it for as long as needed.

Need personal loan

Oct 27, 2019
Helpful to 5 out of 5 people

You need to be banned from this site.  Everywhere I go, there you are announcing some sort of quick fix to credit.  THERE IS NO QUICK FIX!!

Capital One® QuicksilverOne® Cash Rewards Credit Card

Sep 08, 2016
Helpful to 4 out of 4 people

Those inquiries do seem like forever but they only last 2 years. Not such an impact after the first year so I have been told. Make sure they fall off on the 2nd year. Congratulations on your road to rebuilding!

What does it mean when a collections account has been removed?

Aug 20, 2016
Helpful to 4 out of 4 people

I have had the same thing happen to me.  I disputed a collection with the original debtor and it was removed.  The debtor then sold it to a collection agency who put it on my credit profile.  I disputed them and they removed it from my credit report, AGAIN.   Then original debtor  sold it to another collection agency (third time)  who put it on my credit profile and I had to dispute the entire collection again.  In my dispute letter, I did state that this debt has been disputed twice before with other collection agencies.   I attached my dispute letters to the previous collection agency and the original debtor, along with their responses that they will cease collection activities.  I received a response within 2 weeks that this matter will no longer be pursued.  

What does it mean when a collections account has been removed?

Aug 20, 2016
Helpful to 3 out of 3 people

If it is a collection account, it will stay on your report and marked as "paid" or "paid as agreed" but not removed.    Is it still showing unpaid?  If it is, dispute it with the Reporting agencies - Trans, Equifax and Experian.  You can do it online.  Submit  proof that these bills are paid and they will make the necessary corrections.    Keep copies of all correspondence no matter how trivial you may think it is.

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