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Established Contributor
Posts: 912
Registered: ‎06-14-2012
0

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


LS2982 wrote:

jsucool76 wrote:

What


This^^^^^^^^^^^^^^^^^^

 


Smiley Very Happy thinking the same



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
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Valued Contributor
Posts: 2,669
Registered: ‎06-05-2008
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Re: Amazon and Lowes closed to return payment!!!

 

Ok...

 

People who loan money, i.e. credit card issuers, banks, mortgage backers, capital investors, all have one thing in common.  They want it back.


They decide who to lend to based on how likely it is you will pay.  If you have had financial hardships in your life that cause you to bounce checks, you are less likely to pay.  So, they don't want to loan you money any more.

 

It's that simple.

 

If it was your money, wouldn't you do the same?

And who still writes checks?  Online billpay never bounces.  I recommend you use that.

 

Good luck!

3-26-15: FICO EXP: 828 - EQU:820 - TRAN: 828 - AVG: 825 +275 points from JUN 2008 - MY CREDIT JOURNAL

Frequent Contributor
Posts: 253
Registered: ‎08-31-2011
0

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

Just so you are aware, what you did (intentionally bouncing checks) is a felony (theft by deception).  You could be sent to jail for your actions.  I would advise you to NEVER do that again.  Its really not worth being arrested for (trust me on this one, I know).

 

Beyond the legal problems, bouncing checks to pay for credit cards may be a symptom of a much bigger problem.  I suggest you really evaluate where you are going and how you are getting there. Do you really need 11 credit cards?  If you can't pay, it may be time to step back and let the dust settle.

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Amazon and Lowes closed to return payment!!!

I agree with letting the dust settle. I've had overdrafts before, I'm not going to act like I haven't. I recommend that you use a cash system for a while. Deposit your check, use online bill pay to pay bills use your calculator to figure out how much is left after bills, withdraw some of what is left in cash, then live off of that cash for a week. That's a good way to not incur a fee for NSF or bounce a check

Starting Score: 08/29/2011 TU 671 EQ 674
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Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: Amazon and Lowes closed to return payment!!!

Just so long as the OP truly understands the fact that he no longers has the ability to claim "perfect payment history", we can move on.

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Regular Contributor
Posts: 248
Registered: ‎09-02-2011
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Re: Amazon and Lowes closed to return payment!!!

2 words OVERDRAFT PROTECTION. If you can qualify for 11 GE ACCOUNTS. You should be able to get overdraft at your bank. 

Trans Union Fico (Walmart) ,690 Experian Fico (Amex) 686(Opened 3 new accounts this month. In the Garden)


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Frequent Contributor
Posts: 253
Registered: ‎08-31-2011
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Re: Amazon and Lowes closed to return payment!!!


CK_Charles_Lover wrote:

2 words OVERDRAFT PROTECTION. If you can qualify for 11 GE ACCOUNTS. You should be able to get overdraft at your bank. 


Good point.  I have my savings as my OD protection first, then I have my USAA CC as my secondary OD protection.  Most banks offer some sort of credit for OD protection....

Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
0

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


Repo-ed wrote:

Just so long as the OP truly understands the fact that he no longers has the ability to claim "perfect payment history", we can move on.


Did you bring lunch? Smiley Happy

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Contributor
Posts: 221
Registered: ‎07-11-2012
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Re: Amazon and Lowes closed to return payment!!!

Two weeks in less than three months and YOU ARE PISSED.....You may be able to call the CC issuer and beg for mercy but honestly, that seems suspect.  I bounced a check with PNC once and while they are gracious, I paid with cash or money order for six months to be sure.  If you would have send even I bounced a check last year and just bounced a check I'd say, ok I can feel you.  But two bounced checks in less than three months sounds like you got caught.......At a minimum with your pants down.

 

 

GET IT TOGETHER!!

Starting scores: EQ 420, EX 421, TU 405 (Jan 2011)
Bk Ch 7 Discharged Mar 2011
Current scores: EQ 456, EX 534, TU 411 (Aug 2012) FICO (8/2012 -- EQ 564, EX 584 (from BofA) TU 551)
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Established Contributor
Posts: 720
Registered: ‎09-12-2011
0

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

Many years ago, I had a co-worker who had a unique way of dealing with his cash-flow issues.  He would purposely mail the wrong checks to his creditors.  For instance, Sears would get his check that he made payable to JCPenneys and vice versa.  Of course, this scenario wouldn't work in this day and age of electronic/online payments, but back then (almost 20 years ago) he swore by this method.  I guess it gave him enough float time to make sure he had the funds in his account during those months where he was a little short.

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