topic Re: Is There Anyone Out There Who Hasn't Had Adverse Action... in Credit Cards

Is There Anyone Out There Who Hasn't Had Adverse Action...

fused — Wed, 16 Jun 2010 22:09:01 GMT

taken against them by a bank or a CCC?

When I say AA, it can include any of the following:

1.) credit limit decrease

2.) account closed for misbehaving

3.) account closed from lack of use

4.) APR went up

5.) an unwanted "upgrade"

6.) any change in the way your CC reports to CRAs

I'm sure there are more AAs that have been taken against most of us, but these seem to be the most common ones.

If you're a person that has not had AA taken against you, please share your situation with the rest of us.

What are your FICO scores?

Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid?

How long is your credit history?

What is your overall and individual CC utilization?

Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months?

I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Anonymous — Wed, 16 Jun 2010 22:11:58 GMT

Heres the first one of ten... No AA ever taken against me. Clean report. 1 year 7 months old. 2 credit cards and a student loan. Nothing but APR reductions and CL increases for me Knock on wood haha

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

score_building — Wed, 16 Jun 2010 22:34:23 GMT

Though OP didn't incl in list (perhaps he wants to track AA with current issuers) it is considered AA if an app for credit is denied.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

kittygal — Wed, 16 Jun 2010 23:14:49 GMT

No AA on any of my CC's, including an ex-WAMU converted to Chase Slate.

FICO scores from myFICO as of 3/10 TU 728 EQ 720

2 old paid collections scheduled to fall off on 8/10 and 9/10.

Oldest account opened 17yrs 6 months ago (Discover CL $12,000)

AAOA is 6 yrs.

Two approved apps in past year --

Kohl's CL $1500 (11/09)

Home Depot CL initially $3000, (9/09) but increased automatically to $3900 last month.

Total available credit available: $24,800

Current total utilization: $430 ( < 3% )

14 total accounts. 7 open, 7 closed.

No late payments as all open accounts are on autopay on online bill pay and PIF each month.

No need or desire for any additional credit applications at this time. Will probably need a new (used) car in 2011 and will try financing through local CU.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

JagerBombs89 — Wed, 16 Jun 2010 23:18:01 GMT

What are your FICO scores? 723

Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? Very Clean

How long is your credit history? 2.7 Years

What is your overall and individual CC utilization? Used to average 25% but now its down to 10%

Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months? App'd for 2 car loans; denied by PENFED and approved by USAA the next day. Also bought a house 2 months prior to that which generated 3 inquiries on each report. Also got a CLI from Chase ( Hard Pull )

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Imhotrodcrazy — Wed, 16 Jun 2010 23:22:38 GMT

@fused wrote:
taken against them by a bank or a CCC?

When I say AA, it can include any of the following:

1.) credit limit decrease   NO
2.) account closed for misbehaving   NO
3.) account closed from lack of use NO
4.) APR went up NO
5.) an unwanted "upgrade" NO
6.) any change in the way your CC reports to CRAs NO

I'm sure there are more AAs that have been taken against most of us, but these seem to be the most common ones.

If you're a person that has not had AA taken against you, please share your situation with the rest of us.

What are your FICO scores? SCORES LISTED BELOW
Are your reports clean,   YES a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid?
How long is your credit history? 18+ YRS   AAOFA 4+ YRS
What is your overall and individual CC utilization? 1%
Have you apped for CCs or other loans in the last year?   YES   If so, how many times? ONE How many inqs in the last 12 months? ONE INQ, RECEIVED 2 ACCTS

I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

fused — Wed, 16 Jun 2010 23:53:13 GMT

I'm stunned!!!!!!!! That's good!

Me:

1.) credit limit decrease No

2.) account closed for misbehaving No

3.) account closed from lack of use Yes! BoA LOC of 26.5K closed because drawing 5K on it wasn't enough

4.) APR went up Yes, on almost all of my CCs

5.) an unwanted "upgrade" CITI is changing my Dividend Plat Select MC to a World MC

6.) any change in the way your CC reports to CRAs Macy's

What are your FICO scores? 800+ across the board

Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? Pristine

How long is your credit history? 22+ years

What is your overall and individual CC utilization? 1% and only one CC reporting 1% util

Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months? No apps

Any more without any AA? Lets see if we can find a pattern.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Anonymous — Thu, 17 Jun 2010 01:26:47 GMT

@fused wrote:
taken against them by a bank or a CCC?

When I say AA, it can include any of the following:

1.) credit limit decrease
2.) account closed for misbehaving
3.) account closed from lack of use
4.) APR went up
5.) an unwanted "upgrade"
6.) any change in the way your CC reports to CRAs

I'm sure there are more AAs that have been taken against most of us, but these seem to be the most common ones.

If you're a person that has not had AA taken against you, please share your situation with the rest of us.

What are your FICO scores? EQ 794 TU 792
Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? Perfect payment history
How long is your credit history? 20+ years
What is your overall and individual CC utilization? I do not carry any balances and pay all charges before statements drop
Have you apped for CCs or other loans in the last year? Yes If so, how many times? 1 app. How many inqs in the last 12 months? 1
I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!

I did close my WAMU/ Chase CC with a 11k CL early this year as well as my HSBC CC with a 10k CL within the last year. No AA taken on either card before I closed them. I now have 6 CC's which average over 20k each. Three of these CC's are from CU's and one is a FSB.
I know an AA can be inflicted on anyone at anytime for anything without warning. So, I respond to this inquiry fully aware that no matter how strong one's credit profile is an AA may be lurking.
I can only control with whom I do business and how I pay my bills. Therefore, I hope I have chosen well. Heretofore, it seems I have.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Imhotrodcrazy — Thu, 17 Jun 2010 03:52:33 GMT

@fused wrote:
I'm stunned!!!!!!!! That's good!

Any more without any AA? Lets see if we can find a pattern.

_______________________________________________________________________________________________________________________________

My thinking is, it's who the individuals credit lenders are, and the business relationship between the two. I have had accounts on the books with US Bank for over 18 years. I have never been late or missed a payment in that time period. Accounts have included mortgage loans, checking and savings accts, cc and loc. I also keep a fair amount in my checking and savings accts on a monthly basis. I never go over 1% utility, but usually pif every month. I only deal with US Bank and I am sure they reward me for it by treating me well. Anyway, that's my thoughts on it. I may be wrong, but it sounds logical to me.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

llecs — Thu, 17 Jun 2010 06:17:30 GMT

taken against them by a bank or a CCC?

I don't know if I can be considered in the fray but here it goes...

When I say AA, it can include any of the following:

1.) credit limit decrease - Yes. A year ago in March I think, Bloomingdales slashed thousands of CLs at once and I was one. After a few phone calls, they restored most of the CL and sometime within the past year they restored 100% of it.

2.) account closed for misbehaving - No

3.) account closed from lack of use - No

4.) APR went up - Yes, but no large ratejacks. I think 3-4 CCs increased the rate, but they were all store cards. I had a decrease on a couple of cards including Discover (as a promo) and WF.

5.) an unwanted "upgrade" - No

6.) any change in the way your CC reports to CRAs - Macys, Bloomingdales

...adding 7.) Financial review - Yes. Amex Green. But they restored the card and increased my purchasing power.

I'm sure there are more AAs that have been taken against most of us, but these seem to be the most common ones.

If you're a person that has not had AA taken against you, please share your situation with the rest of us.

What are your FICO scores? See below.

Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? Report is better looking now than before applying for CCs. One baddie: 2005 redemed repo showing most recent late of 5.5 yrs and has 3-4 30 days and 3-4 60 days depending on the report.

How long is your credit history? - 3-4 yr AAoA depending on report. 9-13 year history depending on report.

What is your overall and individual CC utilization? With DSNB flap? 85% overall. Over half of the cards though are at 0%.

Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months? Inquiries in past 6 mo. are at 6. Opened 3 cards last July and all but one inquiry drops next month. Other new account was in December (Best Buy store) and is most recent inquiry, and soon-to-be only inquiry.

I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

CHARGE_IT — Thu, 17 Jun 2010 09:26:54 GMT

Although I was repeatedly assured by what seemed like everyone on ths forum beginning two years ago that Amex would get me; that Chase would get me; that BoA would also, and on and on; I have had no action different from what I have always received

I don't have perfect credit, But I have very good credit. I think the key is longevity. As we all know a good looking credit report is only as good as the moment you bring it up. But , if you have years of bringing up such reports, the banks you deal with take notice.

My aprs are at an all time low. I get a lot of promotions at 0 interest for longer periods than ever. My limits are fine and I am encouraged to use them which I do very moderately.

I don't believe I am special in anyway; I think that conservative activity and reasonable expectations over a period of time leads to a very special place in credit. Ultamately, you can't beat a good record coming up repeatedly month after month, year after year. It wasn't always so and some of my largest accounts are with banks that I defaulted with.

If I could do it anyone could.......................I DON'T APP AND NEVER DID.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Anonymous — Thu, 17 Jun 2010 15:22:27 GMT

I have very heavy useage. While I PIF on a regular basis, I very regularly have large balances across my credit portfolio report. This is because I use my credit for business purposes, often for inventory turns or other things.

But I have done this for years and for the most part, nobody has every said boo, a couple exceptions:

I've had a couple:

1. Chase (former WAMU) CLD from 3.5k to 1k, then 2 months later closed.

2. Juni Biz MC CLD from 15k, to 13.75k to 12.9k...I think they are balance chasing.

On the other hand and quite surprisingly, PenFed just "gave" me a new AMEX card that I didn't apply for nor ever accepted any preapproved offer. I just logged in and it was active in my accounts. At first I was worried somebody had applied or done ID funny things...but it was a new issue card, zero use. I transferred $500 from AMEX to checking...worked. I've never had a CU or bank just give an account that wasn't formally applied for an an offer accepted....strange, but true in this case.

txjohn

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

fused — Thu, 17 Jun 2010 18:16:40 GMT

How on planet Earth did I forget to mention the dreaded FR with Amex? Yikes! I should have also asked about charging and payment habits. I'm sure these play a big part in all of this.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

haulingthescoreup — Fri, 18 Jun 2010 01:15:27 GMT

I had a 50% reduction in CL by BofA back whenever it was that they were doing this to pretty much everyone, but I called and mumbled vaguely about planning a BT, and they restored it. I finally got around to doing the BT maybe 8-9 months later, when they finally offered a good enough deal.

I've gotten several CLI's with different cards in the meantime (AmEx Blue, Best Buy store, PenFed, J.Crew.) PenFed pre-approved me for the AmEx, so I took that one.

Many of my APR's went up, but it was just that general thing that I think we all experienced. Doesn't matter to me, since I PIF. Several have gone down since then.

Otherwise, nothing.

I used all my bank cards pretty much monthly and the store cards every 4-6 months. I'm always a bit anxious about Best Buy, because we all know about HSBC, but it's still open, and my CL has gone up to $5,200. (originally $4K)

I PIF before statement date on all of them except for the BT, and except when one slips by. For those, I PIF as soon as I see it, well before the due date. I don't carry balances on any of them (other than the BT and maybe a very rare 0% purchase APR.) If a card ever requires me to carry a balance to make them happy, then to hell with them, I'll close it in a New Yawk minute.

Only negatives are random lates on multiple accounts. The last one is over 3 years old. Over the last 18 months or so, or whenver everything started going blooie, my scores have risen from the 720-740 range to the current 760's-770's. Um, what else --I have an open mortgage and an open installment loan, although I don't think that they are that important. You never know what goes through the squirrelly little brains of CCC's, though.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Anonymous — Thu, 24 Jun 2010 15:56:33 GMT

My husband and I and my business all had the limits on our credit cards lowered. We called (Chase) and asked that they be returned to where they were and they did! They simply said it costs them money to carry high limits on customer's cards and it appeared that we didn't need the high limits. We said we wanted them and they said fine! Try it!

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

LEXiiON — Thu, 24 Jun 2010 18:41:06 GMT

taken against them by a bank or a CCC?

When I say AA, it can include any of the following:

1.) credit limit decrease -NO

2.) account closed for misbehaving -NO

3.) account closed from lack of use -NO

4.) APR went up - NO

5.) an unwanted "upgrade" -NO

6.) any change in the way your CC reports to CRAs -NO

I'm sure there are more AAs that have been taken against most of us, but these seem to be the most common ones.

If you're a person that has not had AA taken against you, please share your situation with the rest of us.

What are your FICO scores? EQ 719 - TU 709

Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? CLEAN

How long is your credit history? 9 years, AAoA 3 years

What is your overall and individual CC utilization? 0-7%

Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months? 7 INQ EQ - 4 INQ TU

I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

score_building — Thu, 24 Jun 2010 20:14:16 GMT

@CHARGE_IT wrote:

Although I was repeatedly assured by what seemed like everyone on ths forum beginning two years ago that Amex would get me; that Chase would get me; that BoA would also, and on and on; I have had no action different from what I have always received

I don't have perfect credit, But I have very good credit. I think the key is longevity. As we all know a good looking credit report is only as good as the moment you bring it up. But , if you have years of bringing up such reports, the banks you deal with take notice.

My aprs are at an all time low. I get a lot of promotions at 0 interest for longer periods than ever. My limits are fine and I am encouraged to use them which I do very moderately.

I don't believe I am special in anyway; I think that conservative activity and reasonable expectations over a period of time leads to a very special place in credit. Ultamately, you can't beat a good record coming up repeatedly month after month, year after year. It wasn't always so and some of my largest accounts are with banks that I defaulted with.

If I could do it anyone could.......................I DON'T APP AND NEVER DID.

CI

I took it more as a cautionary 'card holder beware -this is what is happening to a lot of different types of card holders'--not an assurance that a ccc was gonna get me, an important distinction I think: hope for the best and plan for the worst. I've sorta debated if I should post my experience here, I thought I might even though I have dealt with AA, it has been blessedly minimal, and IIRC in each case reversible.

Definitely happy to hear it worked out for a deserving card holder, however from the info you shared about your profile there are several people with apparently similar (or perhaps even stronger) profiles (fused and MattH come to my mind) who were hosed down in some fashion. No offense, but I think it would mistaken to assume that a strong profile alone kept you out of the AA loop and that there was no luck, etc. involved in you remaining unscathed.

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Anonymous — Thu, 24 Jun 2010 23:40:36 GMT

I don't know what number we're on, but I guess I'm one of the 10 (or more) - no AAs at all.

Quoting:

1.) credit limit decrease >> Nope. Got one unrequested increase from AMEX, others have remained the same.
2.) account closed for misbehaving >> Nope.
3.) account closed from lack of use >> Nope - even though I have a Chase CC that I've not touched in over 3 years. They just sent me a new one to replace an expired (unused) one, too.
4.) APR went up >> Have to check on this, but I think no. AMEX - no, BofA, no - Discover, no. I don't know the APR on the aforementioned Chase VISA, 'cause the effective APR on $0 is still $0.
5.) an unwanted "upgrade" >> Um.. not sure what you mean by this, but no.
6.) any change in the way your CC reports to CRAs >> Got me. I don't track this much detail regularly. I know my score has just inched up, save for a couple of times when I had known and intended inquiries, where there was a two-month or so tiny blip.

"If you're a person that has not had AA taken against you, please share your situation with the rest of us."

OK!

What are your FICO scores? > 790-804 range, as of about two months ago.

Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? >> Clean now, but they sure were dirty 10 years ago. In fact, I'm pretty convinced that the reason they're clean now, and why I've had no AA issues - I was in the pit of credit yuckiness, and dragged myself out of it on my own. Since I didn't BK when I could've, I'm probably considered very low risk. I defaulted on nothing, I paid stuff way late sometimes - but I paid it all. Not saying that's right for everyone, but I do suspect that somewhere it flags me as someone who'll almost certainly never BK.

How long is your credit history? >> Oldest active anything is the boring AMEX charge card - 1993. My credit history itself dates to 1986, though.

What is your overall and individual CC utilization? >> Overall, probably around 10% right now. I have a BofA that's at about 40% temporarily, but it bounces up there and gets paid off within a couple of months, so there's a pattern that they know, and I doubt if the algorithm flags me as a result.

Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months? >> I had an inquiry for a residential lease just about 12 months ago. Zero consequence at all. Another for ATT UVerse, and one other for something - can't remember what - but again, barely touched the points, and rolled off fast.

I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!

Am I on your list?

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

fused — Fri, 25 Jun 2010 01:51:01 GMT

@Anonymous wrote:

I don't know what number we're on, but I guess I'm one of the 10 (or more) - no AAs at all.

Quoting:

1.) credit limit decrease >> Nope. Got one unrequested increase from AMEX, others have remained the same.

2.) account closed for misbehaving >> Nope.

3.) account closed from lack of use >> Nope - even though I have a Chase CC that I've not touched in over 3 years. They just sent me a new one to replace an expired (unused) one, too.

4.) APR went up >> Have to check on this, but I think no. AMEX - no, BofA, no - Discover, no. I don't know the APR on the aforementioned Chase VISA, 'cause the effective APR on $0 is still $0.

5.) an unwanted "upgrade" >> Um.. not sure what you mean by this, but no.

6.) any change in the way your CC reports to CRAs >> Got me. I don't track this much detail regularly. I know my score has just inched up, save for a couple of times when I had known and intended inquiries, where there was a two-month or so tiny blip.

"If you're a person that has not had AA taken against you, please share your situation with the rest of us."

OK!

What are your FICO scores? > 790-804 range, as of about two months ago.

Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? >> Clean now, but they sure were dirty 10 years ago. In fact, I'm pretty convinced that the reason they're clean now, and why I've had no AA issues - I was in the pit of credit yuckiness, and dragged myself out of it on my own. Since I didn't BK when I could've, I'm probably considered very low risk. I defaulted on nothing, I paid stuff way late sometimes - but I paid it all. Not saying that's right for everyone, but I do suspect that somewhere it flags me as someone who'll almost certainly never BK.

How long is your credit history? >> Oldest active anything is the boring AMEX charge card - 1993. My credit history itself dates to 1986, though.

What is your overall and individual CC utilization? >> Overall, probably around 10% right now. I have a BofA that's at about 40% temporarily, but it bounces up there and gets paid off within a couple of months, so there's a pattern that they know, and I doubt if the algorithm flags me as a result.

Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months? >> I had an inquiry for a residential lease just about 12 months ago. Zero consequence at all. Another for ATT UVerse, and one other for something - can't remember what - but again, barely touched the points, and rolled off fast.

I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!

Am I on your list?

You certainly are!!!!!! Congrats!!!!!

Re: Is There Anyone Out There Who Hasn't Had Adverse Action...

Anonymous — Fri, 25 Jun 2010 02:42:20 GMT

@fused wrote:
taken against them by a bank or a CCC?

When I say AA, it can include any of the following:

1.) credit limit decrease-----NO
2.) account closed for misbehaving ---NO, but I did get spanked once last year by my wife for tracking mud into the house.
3.) account closed from lack of use---NO, use them all (we only have 4) quite a bit each month
4.) APR went up----NO
5.) an unwanted "upgrade"----NO. They did change my card to a BANKAMERICARD when it renewed, as they said I was a "legacy" customer. I've had the account since 1973. They also doubled the credit Limit, which I had NOT asked for. They had informed me of all this before the old card expired and I told them I had no issues with it, as long as everything stayed the same.
6.) any change in the way your CC reports to CRAs-----NO

I'm sure there are more AAs that have been taken against most of us, but these seem to be the most common ones.

If you're a person that has not had AA taken against you, please share your situation with the rest of us.

What are your FICO scores? I have NO IDEA, never checked. Only thing I know is I asked my friend at the bank once and he assured me they were high enough to get any credit product they offered, so I have little need to know.
Are your reports clean, a little dirty, or very dirty? If a little dirty or worse, what are your negatives and how old are they? Paid or unpaid? I do SEE my CREDIT REPORTS at least twice a year. Nothing on their of a negative nature.
How long is your credit history? -----BANKAMERICARD , 1973
What is your overall and individual CC utilization?----we charge approx, $3000-$4000 per month. That utilization would be under 3%. We are also PIFers
Have you apped for CCs or other loans in the last year? If so, how many times? How many inqs in the last 12 months? --NO, last credit app I filled out was in Feb 2001 and that was to join a local country club.

I fully expect to find no more than 10 forum members that have had no AA taken against them.

Discuss!!!!!!!!!!!!!!!!!!!!