- myFICO® Forums
- About natasjlp
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
since
03-24-2009
01-21-2020
natasjlp
Regular Contributor
217
Posts
2
Kudos
04-30-2012
10:30 AM
well... there I was ready to move forward with a balance transfer for about $5k. then I took a look at the fees involved.. $10 minimum or 4% which ever is higher. This works out to be $200!! really? I'd rather pay the standard interest rate on the original card. Are all or most CC transfer fees structured like this?? forget about it.. maybe it's negotiable? yeesh..
... View more
04-16-2012
09:19 AM
ok think I understand... FP is still a major cc though correct? makes sense about score being same but possibly not lender. Still doesn't answer about store cards like Macys where you can really only use at Macys (for example). FICO score purposes AMEX = Macys card?? and of course lenders will view AMEX > Macys card
... View more
04-16-2012
09:15 AM
this particular case would be 7k from chase preferred to a new citibank account - if I apply for it, why wouldn't I transfer the balance. I guess that is what I am trying to figure out - pros and cons. the obvious pro is no interest on 7k lol! the cons always seem hidden in this secret world of credit - - - > which is why I am here writing this post.
... View more
04-16-2012
09:12 AM
what do you mean by "FP" card? still don't have all the initials and translations down :)
... View more
04-16-2012
09:10 AM
ok, then it is fair to say that major cc all get same weight regardless of lender however do the major cc have more weight than store cards?? again the reason I bring this up is because with my EX account and a few other credit websites mention this as the case.
... View more
04-16-2012
09:07 AM
gotcha, do you think it would be wise to just ask that cc directly how they feel about balance transfers or is that like asking the wolf if they like my flock of sheep? (or insert a better analogy here lol)
... View more
04-16-2012
09:04 AM
I will definitely look into the fee aspect to see if it is worth it. Again this would bring me back to my original question of is it worth the fee to get an advance to pay off that very balance before interest accrues to show responsibility with that money and help get a better CLI a few months down the line perhaps?? I have been paying my balances in full without taking advances and last time I asked for a CLI they sounded impressed that I used the card so much and was able to pay it off each month. Then they gave me a very generous CLI :)
... View more
04-16-2012
08:59 AM
I have heard more than once that for some reason AMEX has more weight as a CC when determining your credit score. Is there any truth to this? has anyone else heard anything about this? I know that 'major' cc count for more than say a store card from Macys - or is that correct as well? I know it does for Experian (have a credit watch account with them and they say so). Is this also true with FICO?
... View more
04-16-2012
08:55 AM
I have a balance of about 7k on one cc and have an offer from another cc for a balance transfer which offers 0% interest for 18 months. My question is how will the original cc company take that? I wish to have a long positive relationship with them. Will they lower my CL, consider closing my account, any sort of negative connotations or would they actually be happy and reflect positively because I paid off the balance in full?
... View more
04-16-2012
08:51 AM
so if I were to take one of the checks that they send you or take a cash advance that they offer you for say $100, spent that. then after I get my next pay check, paid that balance off before interest accrued that would be bad and I would be reported to the IRS, accused of money laundering and have my account frozen? really...?? why would lenders offer you cash advances if they didn't want you to use them? is it like a secret trap to get you put in jail? I realize there might be some fees, guess I will look into that.
... View more
04-14-2012
10:39 PM
I am curious about credit building strategies that would involve something along the lines of obtaining cash advances from your credit card, depositing that money into your bank account and then pay the balance of your cc bill before interest is charged. So that the cc company sees that you use the card a lot and pay it all off every month etc... also if you did this with enough cc and high enough cl you could theoretically have a high enough average daily balance to waive any checking account fees. I am trying to learn about strategies like this but don't even know what it is called or how to reference to this type of strategy. makes it hard to research if you don't know how to reference to it.
... View more
08-16-2011
09:41 AM
also saw the Citi® Hilton HHonors™ Visa Credit Card looks like a 40K bonus point offer and base 2 points for $1 spent.. it says you can transfer points into miles with partners - haven't found their partners yet and not sure if they do intl etc..
... View more
08-16-2011
09:28 AM
ok, I will look into the AMEX and Sapphire Preferred. I saw on a few different sites that suggested the Starwood Preferred Guest. any thoughts on this one? I'll have to look deeper into the Venture about the limited transfers. The one thing I did like about the Venture is the base is 1.25 points per dollar and the other Venture is like 2 points per dollar! Also not overly excited about paying an annual fee. the Venture with 1.25 has no annual fee. I saw the Platinum AMEX was like $500!! yikes
... View more
08-15-2011
08:20 PM
I have only 2 major credit cards and just got an auto loan. I want to apply for a credit card before my credit possibly takes a hit (according to myFICO.com score simulator) and the loan appears on my credit report. The type of cc I am looking for with have the best base rewards that do not expire and can be used/redeemed in the widest array of options, i.e. hotels, flights etc... and by the most types of airlines and hotels. Capital One looks like they have a few interesting cards like a few different versions of the 'Venture'... I don't care about things like APR because I will be paying these off every month either way...
... View more
08-09-2011
05:45 AM
I wouldn't, BOFA did - when I asked them why they closed it they couldn't give me an answer. It was really odd at the time. I asked them if I would have an option to reactivate it. They told me yes down the line - they would check my credit and see how I was doing then. You can see my scores below, not horrible - this is all confusing and frustrating.
... View more
08-08-2011
08:46 PM
interested in understanding the auto loan early payoff.. how can it hurt my credit if I pay it off early? or how does it help to pay it off over a longer time? had 3 cards... BOFA closed 1 of my cards a couple of years ago, promised I could reopen and now can't... AAoA derailed.. http://ficoforums.myfico.com/t5/Credit-Cards/BOFA-card-refusal-to-reactivate/td-p/998796
... View more
08-08-2011
07:37 PM
hmmm... understand what you are saying. I did have a company (Belden Jewlers) reactivate a card for me after many years - like 7! I just have had many bad experiences and misinformation with bofa (specifically) and really irks me because this will ultimately hurt my AAoA and have been misinformed more than once. They are a large bank and doesn't seem to me like it would be THAT big of a deal to 'reactivate' a card, even with the time it had been closed... this is my credit life and feel like they are/have been toying with me - very frustrating.
... View more
08-08-2011
06:06 PM
right now the major bank cards I have are 2 mastercards (citizens bank and barclays). Does it matter if I get another mastercard or should I specifically go for an amex or visa?? Looking into the future and trying to beef my credit now for then. It had been suggested to me that I should probably have more than 2 major bank cards. is this true? I just added my first auto loan so when that is paid off or close that should improve my credit as well?
... View more
08-08-2011
04:30 PM
BOFA closed my CC almost 2 years ago with the promise they could reactivate it after a year or 2 and check my credit report etc... it has been about that time and I have been refused the reactiavtion due to too much time passing since closed. Obvious contradiction on their part they apologized for someone giving me 'false' information. I spoke with more than 1 person from BOFA and some suggested I could have it reactivated but it would just be a pain. Another suggested that I go to my local branch sit down with them and see what can be done. I have a business checking account a regular checking account and a savings I could leverage I suppose and threaten to go to another bank? Has anyone run into something like this before and have any suggestions for action? The reason I want to reactivate this card is my AAoA could be better. This is one of my older accounts.
... View more
08-08-2011
04:12 PM
hmmm... so many options :) any good or suggested way to parse through them?
... View more
08-08-2011
02:14 PM
I just got an auto loan for 18K and it has not reported to the CRAs yet so my score has not taken a hit as of yet either. I only have 2 major bank credit cards and am wondering if this is a perfect time to apply for one because my score is still high? I don't forsee needing any new lines of credit for the next year or 2 and figure if I am going to get another card now would be the time. AAoA and the such seems to make more sense to get the card now rather than 1 or 2 years down the road.
... View more
05-13-2011
03:10 PM
Yes, these are my FICO scores pulled from here myFICO.com last updated maybe a few months ago. They shouldn't be any lower now. I have also heard the more and higher amounts of credit given to you and handled properly (plus income and factors like rent etc...) can count just as much as your FICO scores if not more. So thinking ahead a few years about a mortgage I want to show I can handle larger loans and maybe bump my cc limits up a bit. Plus I have been hanging just below the 750 mark (which I believe is a breaking point for rates) for almost 2 years now and again feel like this auto loan (which I am going to get anyway) is an opportunity to push me up. Plus knowledge is a good thing :) the more I understand the better. This credit universe has a lot of dark and canvernous twists and turns..
... View more
05-13-2011
02:29 PM
Well, I can't disagree with debt free. I just figure it is an opportunity to get some more positive credit history under my belt. Whereas in the past I have always purchased used cars in cash exactly for that reason... But then there is no credit history. So I guess my question is will it help my credit if I span it over a year or 2 or will it help my credit just the same if I pay it off in like 3 - 6 months? given the loan amount is the same somewhere between $5k - $10k Another reason I am doing this is because I would like to purchase a house and get a mortgage in the next year or 2 and I don't have an auto loan on my credit history. Only credit cards (only about 9K between 2 cards though - but always between 1% and 10% ratio) and a school loan (all paid off - was $11K). Also a Belden Jewelers card for $7K and a TJMAX card for $300 wahoo :D
... View more
05-13-2011
12:31 PM
I will be needing a new car soon - my 1999 Saturn just bit the dust :( My question is what would be the best amount of time in which to pay off the vehicle? I will prob be in the market for something in the range of $5K - $10K and could prob pay it off in just a few months. However, I know that if I have the loan for a certain time (like maybe 12 - 24 months) it might look better or better affect my credit?? Is this true and if so how long should I take to pay off the loan?
... View more
03-31-2011
02:32 PM
ok, thanks for the info llecs (and Marinevietvet)! I will wait a few and report back down the line :)
... View more
03-31-2011
01:45 PM
The only thing that concerns me is it looks like the new CA opened a new record and it just popped up the other day. Guess I should wait a month or so and see what happenes??
... View more
03-31-2011
01:07 PM
Just got off the phone with the OC. They said it was reported long ago but no one seems to have that date or information. They also told me they would recall the debt from the CA if I paid them directly but then said if I paid she would indeed tell the CA and report to the CRA that it has been paid. That seems 2 different things to me. This debt is from RI and the account was closed on 7/29/04. That is all the information I could really get from them other than the current CA info that sent me the letter in the 1st place. I now live in MA btw. I did send the new CA a DV letter. Not sure what I should do. Wait till I hear back from the new CA about the DV? or pay the OC and hope it works out?? Frustrating as I would like to get a loan for a new car this year and it just dropped my score by about 80 points...
... View more
03-31-2011
12:13 PM
This is what I have for info and dates. Full EX CR from ACR from Nov 2010 (doesn't show new CA) says the drop off date is Feb 2011. Specificall says, "This account is cheduled to continue on record until Feb 2011." Letter new CA sent me Feb 2011 says "DATE OF SERVICE: 07/29/04" when referencing the OC. Not sure exactly what that means.. CCT (CreditCheckTotal.com one of my credit watching services) shows "Date Open: 2/1/2011" Should I pay for a new fresh CR from EX? I will also contact National Grid (the OC) and what specifically should I ask them when on the phone?
... View more
03-31-2011
12:00 PM
Right, how exactly do I find out the DoFD?
... View more
Latest Tags
No tags yet
