My mother in law has a car loan with Chase around 5.49% for 7 years on a Subaru Forester... I think a 2018, but the loan just started in January after her 3 year lease came up. I told her that she could refi at a better rate, possibly as low as 2.49% with a local credit union that she already has a mortgage with. Her credit is bad... I don't know how bad, but its bad. My question is - if Chase gave her a car loan, wouldn't another bank probably refi that car loan, especially a credit union? ... View more

Since 12/07, I had a Capital One Platinum Visa card with "no hassle" cash rewards. I found my Capital One experience to be little more than a hassle, however. Here are the reasons: 1. Cap1 did not used to report credit limits correctly, rather they reported your limit as your highest balance in history, thereby screwing up your credit score by increasing your utilization %. This has since been changed, but was not a good first impression. Capital One seems to be the first to make consumer hostile changes and the last to make consumer friendly changes.   2. When I first opened the account, my score was around 600 - not very good. Now, my scores are around 790-805 - excellent. I've never been late. They responded by increasing my APR by 4% up to about 17% after they passed the dubious credit reform bill. None of my other cards did so.   3. Although my credit is excellent, I've been repeatedly refused credit limit increases, thereby limiting the utilization I am willing to use without affecting my score (9%). My limit stayed at about $3,000, although Amex gives me $25,000, and new cards with Chase and Discover $6,000 and $5,000 to start with, respectively. Since the balance was so low (the $270 I was willing to use), I only used the card to pay rental on a storage bin.   4. Setting up AutoPay is a NIGHTMARE. With Chase, Amex, and Discover, the setup was done online in under 5 minutes (probably about 2-3). With Capital One, I first had to call and request a form to be mailed to me. A week and a half later, I received it, paid postage, and mailed it out. I then waited a few more weeks and received a letter back from them. It stated that it did not process correctly because the name on my checking account did not match my credit account. Of course, it is impossible, and I think illegal to open an account in somebody else's name, and the names matched exactly. They refused to review the records again. Also, THEY CANCELED MY EXISTING AUTOPAY WITHOUT PERMISSION! This then caused my payment to not go through, triggering a late payment fee on my account and interest charges on the late payment fee. I called them up, and had them revert back to my old autopayment (I tried to switch), and I don't think they did that right, at least not on time. I demanded the fees be reversed and they were, then I canceled my account.   I highly recommend that anyone that has a Capital One card upgrade to a Chase, Discover, or Amex, or maybe Citibank or someone else. It's only a matter of time before they stab you in the back, change terms, screw up paperwork, and raise your APR even though you've been both loyal and have perfect credit.In summary, Capital One is nothing but hassle, and it's definitely not in my wallet. ... View more

Ok, so this isn't really a credit question, but -   I just put an offer in on a house that was listed for $234,000.   I offered $200,000 + 3% seller concessions, or $206,000.    The seller came back with $226,980 + $7,020 concessions = $234,000.   So, there is a gap of $28,000. The most I want to pay for the house is $219,196, as it is a duplex, and this is the amount that would reach the target income level if it was rented completely (I would live in one half normally, but in case I moved out-)   So, I would have to get them to go down $14,804, and I would have to go up $13,196.    I'm wondering if I insulted them with the offer and that's why they came back with no reduction, except seller concessions, which are standard anyway? Should I even bother dealing with this, or just find another place?  How could I get them to get to my target price?  ... View more

I'd like to buy a house now, not in 6 months when I have the 3% down. I have credit scores of 750/758/802 so the loan isn't a problem, and I make enough $$ per year. Problem is, I've spent all my $$ paying off debt, now I don't have downpayment money. I'd like to borrow it, but nobody I know has any to lend or give me, and they don't let you take out a loan for the downpayment, right? So, where can I get it (legally!)? I'd like to find a loan place that doesn't report to the credit agencies so the bank doesn't know I loaned the money. Know of any, or have any other options I haven't thought of? ... View more

I'm looking to get another card...here's what I have: Capital One Visa cash back with $2,900 limit Amex Blue Cash with $25,000 I'm thinking to maybe pick up a Discover cash back? I'm looking for something that is going to be 0% intro. Free balance transfers on a new card would be nice, and I'm looking for at least 10-15k as a limit. Other than a Discover, I'll take a Mastercard. I'm at 764 Equifax and 763 Transunion, IDK Experian. Any Recommendations? ... View more

Howdy - I just got my Amex Blue Cash to 6.99% fixed APR, which seems pretty decent...however, I am wondering what is the lowest that you can get an Amex card to? Does anyone have anything lower - should I keep trying over time to get it reduced? ... View more

Hey guys - does a request to reduce your APR generate an inquiry on your report? I'd like to put in requests for all 11 of these cards, but I don't want to get slammed with hard inquiries. Comments? ... View more