topic Re: LUMP IT, AND LIKE IT! in Credit Cards

LUMP IT, AND LIKE IT!

TWMAZ — Wed, 17 Oct 2012 12:01:42 GMT

I only missed one payment, No you did not. If this was your situation and your limits were cut, retarded, Interest escalated by one singular company then you missed a payment with another company and new credit laws will allow another credit company to see your late missed or delinquent payment and raise your interest, cut your limit or whatever they feel is appropriate. Note this does not exclude where you shop as this may be used against as stated by Susy Orman, items like bars, nudie clubs, some tire repair facilities that offer to retread and yes if you have a premiere card I would suggest not using it a places like pik n save or walmart as you will be behavioral targeted as a person who can not pay debt all this is from a report I saw from sue orman. I knew I had a feeling not to use my amex at walmart and thank god I paid cash at Le Girls other wise I would be card less today. If you charge it or put it on credit your account is being watched before the bill is even due, I pay in full before my statement and do not use my card till the have reported at the end of the month. It keeps my utility super low 0-2%. I have a phobia of charging more than I can pay for in a month as my past credit history was like a King of the castle putting everything on plastic like a dumb dumb and then I get a bill I can not afford. NO longer I use my card like cash if I can afford it I get and pay it off, or I will wait. MY real bad habit is my itchy finger to apply for credit while my credit floats from 700-721 my inquires are shamefully over 36 as of today but most companies I find do not care about that if they see all my credit and charge accounts are paid in full but then my AAoA bites me. SO if you missed a payment on one of your four cards Obama has issued a new law with credit card companies that any of your four remaining cards can see you were late, delinquent or careless with your payment and they will and can send a letter saying your rates are higher your limit is lower your over your limit and whatever else they want like we are done with you and an instant CO is on your report and guess what it is your fault you wanted the charge the credit and did not make your payment No Mercy like MR. MEAGGUY says take then down Daniel son. LOL. I don't drink often but I do pay often and sometimes twice in a month if my charge is really high.

Re: LUMP IT, AND LIKE IT!

webhopper — Wed, 17 Oct 2012 15:34:03 GMT

TWMAZ wrote:
I only missed one payment, No you did not. If this was your situation and your limits were cut, retarded, Interest escalated by one singular company then you missed a payment with another company and new credit laws will allow another credit company to see your late missed or delinquent payment and raise your interest, cut your limit or whatever they feel is appropriate. Note this does not exclude where you shop as this may be used against as stated by Susy Orman, items like bars, nudie clubs, some tire repair facilities that offer to retread and yes if you have a premiere card I would suggest not using it a places like pik n save or walmart as you will be behavioral targeted as a person who can not pay debt all this is from a report I saw from sue orman. I knew I had a feeling not to use my amex at walmart and thank god I paid cash at Le Girls other wise I would be card less today. If you charge it or put it on credit your account is being watched before the bill is even due, I pay in full before my statement and do not use my card till the have reported at the end of the month. It keeps my utility super low 0-2%. I have a phobia of charging more than I can pay for in a month as my past credit history was like a King of the castle putting everything on plastic like a dumb dumb and then I get a bill I can not afford. NO longer I use my card like cash if I can afford it I get and pay it off, or I will wait. MY real bad habit is my itchy finger to apply for credit while my credit floats from 700-721 my inquires are shamefully over 36 as of today but most companies I find do not care about that if they see all my credit and charge accounts are paid in full but then my AAoA bites me. SO if you missed a payment on one of your four cards Obama has issued a new law with credit card companies that any of your four remaining cards can see you were late, delinquent or careless with your payment and they will and can send a letter saying your rates are higher your limit is lower your over your limit and whatever else they want like we are done with you and an instant CO is on your report and guess what it is your fault you wanted the charge the credit and did not make your payment No Mercy like MR. MEAGGUY says take then down Daniel son. LOL. I don't drink often but I do pay often and sometimes twice in a month if my charge is really high.

My Lowes account was closed with no notice (I didn't find out until my card was declined at the cash register), and it was not due to missing a payment on any of my accounts. I'm not really sure what the point of this post is.

Re: LUMP IT, AND LIKE IT!

Datx — Wed, 17 Oct 2012 16:38:29 GMT

TWMAZ wrote:
I only missed one payment, No you did not. If this was your situation and your limits were cut, retarded, Interest escalated by one singular company then you missed a payment with another company and new credit laws will allow another credit company to see your late missed or delinquent payment and raise your interest, cut your limit or whatever they feel is appropriate. Note this does not exclude where you shop as this may be used against as stated by Susy Orman, items like bars, nudie clubs, some tire repair facilities that offer to retread and yes if you have a premiere card I would suggest not using it a places like pik n save or walmart as you will be behavioral targeted as a person who can not pay debt all this is from a report I saw from sue orman. I knew I had a feeling not to use my amex at walmart and thank god I paid cash at Le Girls other wise I would be card less today. If you charge it or put it on credit your account is being watched before the bill is even due, I pay in full before my statement and do not use my card till the have reported at the end of the month. It keeps my utility super low 0-2%. I have a phobia of charging more than I can pay for in a month as my past credit history was like a King of the castle putting everything on plastic like a dumb dumb and then I get a bill I can not afford. NO longer I use my card like cash if I can afford it I get and pay it off, or I will wait. MY real bad habit is my itchy finger to apply for credit while my credit floats from 700-721 my inquires are shamefully over 36 as of today but most companies I find do not care about that if they see all my credit and charge accounts are paid in full but then my AAoA bites me. SO if you missed a payment on one of your four cards Obama has issued a new law with credit card companies that any of your four remaining cards can see you were late, delinquent or careless with your payment and they will and can send a letter saying your rates are higher your limit is lower your over your limit and whatever else they want like we are done with you and an instant CO is on your report and guess what it is your fault you wanted the charge the credit and did not make your payment No Mercy like MR. MEAGGUY says take then down Daniel son. LOL. I don't drink often but I do pay often and sometimes twice in a month if my charge is really high.

This is called adverse action with your creditors and Obama didnt create it. And a late payment is not going to turn into a instant CO. This looks like a long incoherent rant. Did you have too many drinks when writing this?

Re: LUMP IT, AND LIKE IT!

n777ua — Wed, 17 Oct 2012 16:43:41 GMT

I don't even understand what the OP is trying to say here . . gibberish.

Re: LUMP IT, AND LIKE IT!

4us- — Wed, 17 Oct 2012 16:44:25 GMT

Maybe this was meant to be a pm

Re: LUMP IT, AND LIKE IT!

somnipotent — Wed, 17 Oct 2012 18:12:34 GMT

TLDR. Just got a part about pointing the blame at Obama. SMH. :smileyfrustrated:

Re: LUMP IT, AND LIKE IT!

p- — Wed, 17 Oct 2012 18:30:37 GMT

TWMAZ wrote:
I only missed one payment, No you did not. If this was your situation and your limits were cut, retarded, Interest escalated by one singular company then you missed a payment with another company and new credit laws will allow another credit company to see your late missed or delinquent payment and raise your interest, cut your limit or whatever they feel is appropriate. Note this does not exclude where you shop as this may be used against as stated by Susy Orman, items like bars, nudie clubs, some tire repair facilities that offer to retread and yes if you have a premiere card I would suggest not using it a places like pik n save or walmart as you will be behavioral targeted as a person who can not pay debt all this is from a report I saw from sue orman. I knew I had a feeling not to use my amex at walmart and thank god I paid cash at Le Girls other wise I would be card less today. If you charge it or put it on credit your account is being watched before the bill is even due, I pay in full before my statement and do not use my card till the have reported at the end of the month. It keeps my utility super low 0-2%. I have a phobia of charging more than I can pay for in a month as my past credit history was like a King of the castle putting everything on plastic like a dumb dumb and then I get a bill I can not afford. NO longer I use my card like cash if I can afford it I get and pay it off, or I will wait. MY real bad habit is my itchy finger to apply for credit while my credit floats from 700-721 my inquires are shamefully over 36 as of today but most companies I find do not care about that if they see all my credit and charge accounts are paid in full but then my AAoA bites me. SO if you missed a payment on one of your four cards Obama has issued a new law with credit card companies that any of your four remaining cards can see you were late, delinquent or careless with your payment and they will and can send a letter saying your rates are higher your limit is lower your over your limit and whatever else they want like we are done with you and an instant CO is on your report and guess what it is your fault you wanted the charge the credit and did not make your payment No Mercy like MR. MEAGGUY says take then down Daniel son. LOL. I don't drink often but I do pay often and sometimes twice in a month if my charge is really high.

Re: LUMP IT, AND LIKE IT!

cmthomas06 — Wed, 17 Oct 2012 18:43:36 GMT

Not sure if this was meant to be a political post or not, but even so, I dont understand why one would be upset about this. If you are being responsible with your cards, then you have nothing to worry about. If you are irrisponsible and cant make payments, then you dont deserve to have them (IMO). Personally, if I were a CCC, I would want to know everything about a persons financial standing as this determines risk rating.

Re: LUMP IT, AND LIKE IT!

TWMAZ — Wed, 17 Oct 2012 18:50:26 GMT

I can definitely admit this was a little bit of tangent, I think my point was that there may be other contending issues as to why banks sometimes seem to jerk around their credit customers and that we are not aware of the reasons immediately. I being a Democrat have nothing against Obama, because I am a democrat, but it was one of his policy of which I made mention of on the OP. I also will say that this post may have been fired off while enjoying a Bakers on the rocks. Anyways, I guess I just wanted to get a reaction to this OP.

Re: LUMP IT, AND LIKE IT!

webhopper — Wed, 17 Oct 2012 18:57:51 GMT

TWMAZ wrote:
I can definitely admit this was a little bit of tangent, I think my point was that there may be other contending issues as to why banks sometimes seem to jerk around their credit customers and that we are not aware of the reasons immediately. I being a Democrat have nothing against Obama, because I am a democrat, but it was one of his policy of which I made mention of on the OP. I also will say that this post may have been fired off while enjoying a Bakers on the rocks. Anyways, I guess I just wanted to get a reaction to this OP.

I don't think anyone understood the original post well enough to offer a constructive comment. Hope that baker on the rocks was good ;)

Re: LUMP IT, AND LIKE IT!

Wolf3 — Wed, 17 Oct 2012 19:01:08 GMT

TWMAZ wrote:
I can definitely admit this was a little bit of tangent, I think my point was that there may be other contending issues as to why banks sometimes seem to jerk around their credit customers and that we are not aware of the reasons immediately. I being a Democrat have nothing against Obama, because I am a democrat, but it was one of his policy of which I made mention of on the OP. I also will say that this post may have been fired off while enjoying a Bakers on the rocks. Anyways, I guess I just wanted to get a reaction to this OP.

Here is a link to a nice summary of the law. http://www.creditcards.com/credit-card-news/credit-card-law-interactive-1282.php

I suggest you spend some time reviewing it, since you clearly don't know much about it.

Re: LUMP IT, AND LIKE IT!

Cadillac-XTS — Wed, 17 Oct 2012 19:04:24 GMT

Smh and lol @ the same time

Re: LUMP IT, AND LIKE IT!

Link2k — Wed, 17 Oct 2012 19:10:38 GMT

TWMAZ wrote:
I can definitely admit this was a little bit of tangent, I think my point was that there may be other contending issues as to why banks sometimes seem to jerk around their credit customers and that we are not aware of the reasons immediately. I being a Democrat have nothing against Obama, because I am a democrat, but it was one of his policy of which I made mention of on the OP. I also will say that this post may have been fired off while enjoying a Bakers on the rocks. Anyways, I guess I just wanted to get a reaction to this OP.

I'd be interested as to which legislation you are referring to as the only regulation I am aware of that was recently passed was the CARD Act which had bipartisan support and was pretty much universally agreed upon as a good thing (with the exception of hurting stay at home spouses in certain states).

Drinking and acting foolishly do not have to be related.

http://www.bbc.co.uk/news/magazine-15265317

Re: LUMP IT, AND LIKE IT!

adavis425 — Wed, 17 Oct 2012 19:21:47 GMT

Reading this gave me a headache. That said, what I don't understand is why people get upset because CCCs are protecting themselves. They do not OWE any of us credit. That we prove ourselves responsible enough for them take a risk on us doesn't mean that they will just issue credit and walk away. You HAVE to know that they are watching over their assets and if you pay one creditor late, why wouldn't you pay another (or all) creditor(s) late? That has to be their mindset. I don't think this either political or personal-it's just business.

Re: LUMP IT, AND LIKE IT!

snowkitty — Wed, 17 Oct 2012 19:25:49 GMT

@webhopper I don't mean to ask an unrelated question here but I'm curious as to why your Lowes card was closed? That would be scary to be declined at the checkout and not know why

Sorry I can't paste in reply to webhoppers post bu I'm on my cell

Re: LUMP IT, AND LIKE IT!

SwampSystems — Wed, 17 Oct 2012 19:41:01 GMT

TWMAZ wrote:
SO if you missed a payment on one of your four cards Obama has issued a new law with credit card companies that any of your four remaining cards can see you were late, delinquent or careless with your payment and they will and can send a letter saying your rates are higher your limit is lower your over your limit and whatever else they want like we are done with you and an instant CO is on your report and guess what it is your fault you wanted the charge the credit and did not make your payment No Mercy like MR. MEAGGUY says take then down Daniel son.

What you are referring to is called universal default, and the CARD Act didn't make it happen -- it outlaws it. This is akin to saying the Affordable Care Act creates "death panels" when in reality it stops existing insurance practices that do just that.

Re: LUMP IT, AND LIKE IT!

webhopper — Wed, 17 Oct 2012 20:21:37 GMT

snowkitty wrote:
@webhopper I don't mean to ask an unrelated question here but I'm curious as to why your Lowes card was closed? That would be scary to be declined at the checkout and not know why

Sorry I can't paste in reply to webhoppers post bu I'm on my cell

I have no idea, to this day of why my account was closed. It was opened in May 2008, after I bought a new house. I used the card to do 0% interest on appliances. I Paid in full before the promo period had expired. Also, charged a new garage door, and Paid that in full. I made the 2200 payment to pay the card off before the promo interest period ended. Then, I wanted to use my account to purchase a 400 deep freeze. Declined at register, talked to customer service, they told me account was closed. The bizarre thing was that I got an official letter a year later letting me know that my account would be closed. No reason given.

I can only assume that they didn't like my minimum payments during the promo period. And they didn't like me paying the balance in full before the promo period expired. It was bizarre. My CL was $4500 when account was opened. Apparently they balance chased and then closed. I have no idea what the exact close date was.

Re: LUMP IT, AND LIKE IT!

mmmagique — Wed, 17 Oct 2012 20:27:21 GMT

If you google GECRB, (or GEMB) you will see that they will def. balance chase you, and will spank you for not letting them make money off of you.

It seems they do many things to mess with people's accounts.

I know they're very well liked here, but I really don't trust them.

Re: LUMP IT, AND LIKE IT!

webhopper — Wed, 17 Oct 2012 20:30:28 GMT

mmmagique wrote:
If you google GECRB, (or GEMB) you will see that they will def. balance chase you, and will spank you for not letting them make money off of you.
It seems they do many things to mess with people's accounts.
I know they're very well liked here, but I really don't trust them.

Its really a shame, as I spend thousands each year at their store, I own rental property.

My next lowes card will be backed by Amex, If my husband ever lets me apply LOL

@snowkitty, It was actually kind of hilarious to leave a buggy with a deep freeze on it at the customer service desk as I walked out and they lost out on that sale.

Re: LUMP IT, AND LIKE IT!

snowkitty — Wed, 17 Oct 2012 20:41:22 GMT

That is really strange webhopper.....did you have other GE cards at the time? I have not really read anything negative about them on here. I have 4 of their cards and the latest is Sam's Club Discover and they beat out my highest limit at the time. I was going to alternate charges between the walmart and sams card just to put use to both. I wonder if it would be better to not pif with them all the time? I am about to take them up on a 0% interest Christmas deal they have.