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

Re: Discover CSR told me $5k, but system is saying now only $2k

Legally speaking, though, there has to be a "meeting of the minds" and consensus of terms.  I have seen a short application and no terms.  I have not agreed to any terms, I agreed to provide information for consideration of my application and I agreed to allow verification of credit and information.

 

Now they send me terms and card.  There must be some execution of agreement.  Usually this is designated by signature on the card and/or use of the card implying your consent and agreement to the stated terms.

 

If they send me a card with terms, this seems to me to be an OFFER of credit extended and I must accept it.  I'm not saying that they don't report it even if I decline, I am saying I think there is a legal basis to seek its removal under consumer and credit laws.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Regular Contributor
specultr
Posts: 243
Registered: ‎11-29-2007
0

x

[ Edited ]


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+
}