Reply
Frequent Contributor
Brian_Trying_700
Posts: 446
Registered: ‎09-14-2011
0

Re: Amazon and Lowes closed to return payment!!!

Seriously? You bounced 2 checks in 3 months and you are wondering why they closed your account?:smileyvery-happy: That what I call money management.

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?
Valued Contributor
j_casteel
Posts: 1,907
Registered: ‎06-21-2012
0

Re: Amazon and Lowes closed to return payment!!!


Middleswarth wrote:

cardcrazyboi wrote:

nope .. 1st was in june and 2nd is for august payment... if i know they going to closed my account because of that i rather be late on payment ..


Seriously?  You bounced 2 checks in 3 months and you are wondering why they closed your account?


My thoughts exactly. :smileywink:

| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $17.5k | Freedom $3k | IT $4k | CSP $5k | Marriott $5k | AMEX TE $9k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Established Contributor
jordanmedical
Posts: 1,011
Registered: ‎04-08-2012
0

Re: Amazon and Lowes closed to return payment!!!

Banks are being very skiddish especially in this economy.
-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Amazon and Lowes closed to return payment!!!


MarcinXP wrote:

cardcrazyboi wrote:

Unbelievable that Amazon increase from $900 to $2100 and Lowes increase from $2500 to $3800 and they just closed my account today because I have return payment twice for inssufficant fund, man being a loyal consumer for almost 2yr with a perfect payment and closed my account just return check twice!! so who ever got GE Capital retain card make sure u have fund in your account .. if your check return 2 time they will automatic closed your account even thou you reposted the payment with fund in your account..


 I hate to be nitpicky..but highlighted sentence does not make sense. You can't have a perfect payment history if you have returned payments twice.

 From GE's side they see you as a risk. Twice now in last 3 months you bounced a check which to them signals that you have very low funds in your bank or are irresponsible and cannot maintain a checking account. They are trying to secure themselves and closed your account so you don't buy things and perhaps default. They treated you well and increased your limits when you were low risk, now that you appear high risk they took adverse action.

 

Banks tend to do that when things happen, just as a cable company will quickly disconnect your cable for a bounced check. Like other poster said, just be glad they did not charge your returned check fees or did they?


I agree, Why did you bounce 2 checks? How did that happen?

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Repo-ed
Posts: 2,954
Registered: ‎02-09-2012
0

Re: Amazon and Lowes closed to return payment!!!

Is this tannerK posting under a new handle, to try and get a laugh out of us?

 

2 checks - bounced - and we are in shock?

 

Now THAT'S funny :smileyvery-happy:

Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: Amazon and Lowes closed to return payment!!!

Yes omg you can't bounce checks to your cc companies. That is bad. I did this once with chase, because of a mistyped account number. They shut my account down, I had to recon and explain how I typed a digit wrong from iphone. You should definately not bounce payments

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Senior Contributor
jsucool76
Posts: 3,604
Registered: ‎12-11-2011
0

Re: Amazon and Lowes closed to return payment!!!


webhopper wrote:
Yes omg you can't bounce checks to your cc companies. That is bad. I did this once with chase, because of a mistyped account number. They shut my account down, I had to recon and explain how I typed a digit wrong from iphone. You should definately not bounce payments

You shouldn't bounce checks ever, haha. 

 

I could totally understand OP being upset if the return payments were due to bank error (mistyping account or routing number) but if you're just stiffing them on payments it's your own fault. :smileytongue: 

Established Contributor
CruzImperial
Posts: 867
Registered: ‎07-04-2012
0

Re: Amazon and Lowes closed to return payment!!!

Cmon every single one of us would be mad if something like this ever happens but bouncing payments is something.
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Valued Contributor
j_casteel
Posts: 1,907
Registered: ‎06-21-2012
0

Re: Amazon and Lowes closed to return payment!!!


CruzImperial wrote:
Cmon every single one of us would be mad if something like this ever happens but bouncing payments is something.

yeah, mad at myself. 

 

 

| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $17.5k | Freedom $3k | IT $4k | CSP $5k | Marriott $5k | AMEX TE $9k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: Amazon and Lowes closed to return payment!!!

Well ya I would be mad at a company who closed my account, but if I had been bouncing payments I would understand why they closed my account. I was upset when chase closed my account... But I'm glad they reopened it when they realized it was a typo

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}