12-18-2012 10:45 PM
12-19-2012 09:53 PM
Is it that easy to get a negative removed from your history? Whats the worst the could happen? I have to wait for another 6 months for it to automatically fall off? So in your guys opinions I will be denied for pretty much anything applied for? If a walmart card is my only hopes right now I might as well just wait a while.
12-19-2012 09:58 PM
It is not that you will get denied now. You will just get much better terms if you get that baddie off first. IE higher limit lower APR. It shouldn't be too hard for you to GW that baddie.
12-19-2012 10:55 PM
Contact the creditor requesting verification of the late payment. Do not admit anything and let them provide the facts they have. Then, contact the Credit Bureau and file a dispute. The dispute will be attached to every credit report request thereafter regarding that issue. Financial Institutions often post late payments, even though they are not late, in order to add interest, fines, and penalties. Next, attempt to consolidate the existing cards into one account. Having to many credit cards active in your Credit Report is just as bad as as having no credit history. To Creditors, it apears you are robbing Peter to pay Paul, so to speak. Finally, before you sign another application for a credit card, find out who is actually issuing the card. If you look at the reverse of your credit cards, you may find some issued by the same financial group such as HSBC, CITI, CHASE, ect. The application you are getting ready to sign will probably have this information near the end of the contract. Read it close.
12-19-2012 11:05 PM
Ahhhh. I understand more now. I'll get on that tomarro. Btw, What does finding out who issues the card matters? Are you trying to say dont apply for a card issued by the same bank that issues the firestone card?
12-19-2012 11:14 PM
On the back of the Firestone Card, see who issued the card as FIRESTONE is what is known as the merchants card and is not actually the issuer of the card. The issuer of the card is the actual creditor
12-19-2012 11:21 PM
No. My point is to attempt to use a financial group (such as Chase) who is actually governed by the Federal Statutes. You have to be familiar with the financial instituition you are dealing with. HSBC is homed in Shanghai, China and Capitol is homed in india.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.