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Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Crown Jewelers no longer on Experian


n2win wrote:

CL270 wrote:

I have never posted here before, but I just have to comment on this:


 

"Oh and you were correct about the E on English.....a minor mistake on my part."    King

 

 

King, you make so-called "minor mistakes" in (almost) every post! Whether it's using the wrong form of a word or inserting apostrophes where they don't belong, there are MANY mistakes. You really shouldn't be so arrogant.



Christina

 

wut?

 

:smileysurprised:


 

Hopefully we can carry on a debate or exchange of ideas without becoming emotionally entangled.  King does often state his case with a bit of passion and what may seem like little room for alternative points of view.  However, if you peel back or look past the passion, and look at the information (whether it had a typo or grammatical error or not) you might find something useful.

 

IF CROWNE JEWELERS is in fact selling credit tradelines, and if in fact Crowne Jewelers is in violation of CRA policies and if in fact Crowne Jewelers is being dropped as a reported tradeline from the CRA's, then it may be advisable to see this for what it is.....a trend that will impact the efforts of those attempting to rebuild credit profiles.

 

The concern that lenders and CRA's have is that many people attempt to jump start or bypass the normal and natural process of credit by establishing unwarranted or unrealistice credit which is not actually indicative of the borrowers capacity or history to pay.

 

Eventually, with this type of "credit" the CRA and FICO community has to either raise standards across the board to offset the data contamination (accurate prediction of risk) or they must begin to differentiate tradelines that are not accurate predictors or representative tradelines of borrower dependability.

 

Some may ask:  "What is so different from this, than from somebody establishing a large CL through a savings secured credit card?"  And this is a valid question.  I myself re-established with a $15,000 Savings Secured Gold Mastercard through Amalgamated Bank of Chicago.

 

And here is the difference.  If you have $15,000 to put into savings and can meet the issuers qualifications to obtain a large CL on major card, this IS PREDICTIVE and indicative of the borrowers ABILITY and CAPACITY to pay.  Obviously it accurately represents my level of risk (I can and will pay the outstanding balance) and my capacity to pay (I have money in the bank meaning reserves).

 

A Crowne Jeweler who sells you items with 20 to 50 time markups, or more, is like some of the payday loan shops who will advance you money, but only IF YOU BUY a certain amount of product from their catalog (which is just like Crowne Jewelers - basically junk or items marked up 20 plus times).

 

I don't have a CJ account, nor would I.  I don't think that it is in a persons best long term interests.  The money spent on junk jewelry could just as easily be put into a savings account and built toward a secured card or loan which is real credit and a real relationship with a real lender/financial institution. 

 

Good credit is the reflection of good financial decisions.  And this takes time and patience.  Save money, build reserves first, not psuedo-fake credit.

 

But to each their own and good luck to all in your efforts.

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Established Contributor
Watchmann
Posts: 985
Registered: ‎05-14-2008
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Re: Crown Jewelers no longer on Experian


txjohn wrote:

 

Good credit is the reflection of good financial decisions.  And this takes time and patience.  Save money, build reserves first, not psuedo-fake credit.

 

But to each their own and good luck to all in your efforts.


Agree with what txjohn said in the previous note.  Especially about how good credit takes time and patience.  Too often people get six months or a year under their belt and then feel entitled to unlimited credit.  It just doesn't work like that in the real world.  Building up a solid payment record and good use of increasing credit takes time, trying to rush it has caused many problems within the industry.  You can't equate someone with twenty years of good credit usage with someone with one year of good credit usage.  Just looking at a three digit FICO score does not work.

Frequent Contributor
74king
Posts: 403
Registered: ‎04-08-2009
0

Re: Crown Jewelers no longer on Experian


CL270 wrote:

I have never posted here before, but I just have to comment on this:


 

"Oh and you were correct about the E on English.....a minor mistake on my part."    King

 

 

King, you make so-called "minor mistakes" in (almost) every post! Whether it's using the wrong form of a word or inserting apostrophes where they don't belong, there are MANY mistakes. You really shouldn't be so arrogant.



Christina

It's called being human.....I'm not perfect like you.

 

King

Equifax 787, TransUnion 793, Experian ? FAKO--> Who Cares
Frequent Contributor
74king
Posts: 403
Registered: ‎04-08-2009
0

Re: Crown Jewelers no longer on Experian

[ Edited ]

txjohn wrote:

n2win wrote:

CL270 wrote:

I have never posted here before, but I just have to comment on this:


 

"Oh and you were correct about the E on English.....a minor mistake on my part."    King

 

 

King, you make so-called "minor mistakes" in (almost) every post! Whether it's using the wrong form of a word or inserting apostrophes where they don't belong, there are MANY mistakes. You really shouldn't be so arrogant.



Christina

 

wut?

 

:smileysurprised:


 

Hopefully we can carry on a debate or exchange of ideas without becoming emotionally entangled.  King does often state his case with a bit of passion and what may seem like little room for alternative points of view.  However, if you peel back or look past the passion, and look at the information (whether it had a typo or grammatical error or not) you might find something useful.

 

IF CROWNE JEWELERS is in fact selling credit tradelines, and if in fact Crowne Jewelers is in violation of CRA policies and if in fact Crowne Jewelers is being dropped as a reported tradeline from the CRA's, then it may be advisable to see this for what it is.....a trend that will impact the efforts of those attempting to rebuild credit profiles.

 

The concern that lenders and CRA's have is that many people attempt to jump start or bypass the normal and natural process of credit by establishing unwarranted or unrealistice credit which is not actually indicative of the borrowers capacity or history to pay.

 

Eventually, with this type of "credit" the CRA and FICO community has to either raise standards across the board to offset the data contamination (accurate prediction of risk) or they must begin to differentiate tradelines that are not accurate predictors or representative tradelines of borrower dependability.

 

Some may ask:  "What is so different from this, than from somebody establishing a large CL through a savings secured credit card?"  And this is a valid question.  I myself re-established with a $15,000 Savings Secured Gold Mastercard through Amalgamated Bank of Chicago.

 

And here is the difference.  If you have $15,000 to put into savings and can meet the issuers qualifications to obtain a large CL on major card, this IS PREDICTIVE and indicative of the borrowers ABILITY and CAPACITY to pay.  Obviously it accurately represents my level of risk (I can and will pay the outstanding balance) and my capacity to pay (I have money in the bank meaning reserves).

 

A Crowne Jeweler who sells you items with 20 to 50 time markups, or more, is like some of the payday loan shops who will advance you money, but only IF YOU BUY a certain amount of product from their catalog (which is just like Crowne Jewelers - basically junk or items marked up 20 plus times).

 

I don't have a CJ account, nor would I.  I don't think that it is in a persons best long term interests.  The money spent on junk jewelry could just as easily be put into a savings account and built toward a secured card or loan which is real credit and a real relationship with a real lender/financial institution. 

 

Good credit is the reflection of good financial decisions.  And this takes time and patience.  Save money, build reserves first, not psuedo-fake credit.

 

But to each their own and good luck to all in your efforts.


What they are angry about (txjohn) is not my minor mistakes in spelling. They are angry that their little FAKE tradeline has disappeared on them. I make a valid point and they become hostel against me. But I can take it, I'm a grown intelligent man that yes sometimes has very strong opinions but anyone who reads my opinions will find that I'm valid most of the time and I have useful information. If that's being arrogant then so be it. I'll take that anyday of the week.

 

King

Message Edited by 74king on 06-20-2009 08:24 AM
Equifax 787, TransUnion 793, Experian ? FAKO--> Who Cares
Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008
0

Re: Crown Jewelers no longer on Experian

I only used it once my account it due to be closed the end of this month for noun use, I not a big jewelry person so the account would not have saw allot of use out of me. It did help be builed for a min so i got my use out of it. I don't need them now thx CJ lol.


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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008
0

Re: Crown Jewelers no longer on Experian

BLA BLA BLA BLA BLA someone lock this thread i'm not bout to read all this mess lol

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
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Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: Crown Jewelers no longer on Experian

[ Edited ]

mjbfan79 wrote:
BLA BLA BLA BLA BLA someone lock this thread i'm not bout to read all this mess lol

I agree. Can everyone just let this stuff go, and get back to the original subject?

Although I suspect that the original topic has been trashed thrashed to pieces, and that there's really nothing much left to discuss.

If there are some more cogent points to be made, let's make them. Otherwise, this thread is probably going to pack it in.

--hauling


edit: lol, that was a genuine typo above
Message Edited by haulingthescoreup on 06-20-2009 09:49 AM
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Crown Jewelers no longer on Experian

To continue this debate . . . . 

______________________________________________________________________

txjohn wrote:

The concern that lenders and CRA's have is that many people attempt to jump start or bypass the normal and natural process of credit by establishing unwarranted or unrealistice credit which is not actually indicative of the borrowers capacity or history to pay.

 

Eventually, with this type of "credit" the CRA and FICO community has to either raise standards across the board to offset the data contamination (accurate prediction of risk) or they must begin to differentiate tradelines that are not accurate predictors or representative tradelines of borrower dependability.

 

Some may ask:  "What is so different from this, than from somebody establishing a large CL through a savings secured credit card?"  And this is a valid question.  I myself re-established with a $15,000 Savings Secured Gold Mastercard through Amalgamated Bank of Chicago.

 

And here is the difference.  If you have $15,000 to put into savings and can meet the issuers qualifications to obtain a large CL on major card, this IS PREDICTIVE and indicative of the borrowers ABILITY and CAPACITY to pay.  Obviously it accurately represents my level of risk (I can and will pay the outstanding balance) and my capacity to pay (I have money in the bank meaning reserves).

 


Good analysis . . . . BUT . . . . . how does an "authorized user" tradeline predict or indicate the borrowers ability and capacity (or willingness), to pay?  Is this not jumpstarting or bypassing the natural process of credit?  Surely these are not accurate predictors or representative tradelines of borrower dependability.  When can we expect the CRA and FICO community to raise the standards to offset this data contamination?


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Established Contributor
cartercorp
Posts: 851
Registered: ‎07-01-2008
0

Re: Crown Jewelers no longer on Experian


CL270 wrote:

I have never posted here before, but I just have to comment on this:


 

"Oh and you were correct about the E on English.....a minor mistake on my part."    King

 

 

King, you make so-called "minor mistakes" in (almost) every post! Whether it's using the wrong form of a word or inserting apostrophes where they don't belong, there are MANY mistakes. You really shouldn't be so arrogant.



Christina

 

Are you seriously going to make this your first post? Simply Amazing..For the most part everyone here is friendly and helpful and then you have this.....

I AGREE CLOSE THIS THREAD..........................................

Frequent Contributor
74king
Posts: 403
Registered: ‎04-08-2009
0

Re: Crown Jewelers no longer on Experian


cartercorp wrote:

CL270 wrote:

I have never posted here before, but I just have to comment on this:


 

"Oh and you were correct about the E on English.....a minor mistake on my part."    King

 

 

King, you make so-called "minor mistakes" in (almost) every post! Whether it's using the wrong form of a word or inserting apostrophes where they don't belong, there are MANY mistakes. You really shouldn't be so arrogant.



Christina

 

Are you seriously going to make this your first post? Simply Amazing..For the most part everyone here is friendly and helpful and then you have this.....

I AGREE CLOSE THIS THREAD..........................................


I'll second that......

 

King

Equifax 787, TransUnion 793, Experian ? FAKO--> Who Cares

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