topic Re: Military Deferred Payment Plan in Credit Cards

Military Deferred Payment Plan

stpn2me — Tue, 04 Sep 2007 02:09:29 GMT

Ladies and Gentlemen,

I have had the Deferred Payment Plan (DPP) since I have been in the military. Of course at the lower ranks, I always kept it up to the maximum allowed, whatever limit they would give me. As I got up in rank, they gave me up to $5000 in credit and I charged it up to there! Well, since I am deployed right now, I decided to pay most of it off. I paid it down to $900. My credit score has jumped 15+ points in the month afterwards! People have always told me the reason I couldnt get to 700 was because of revolving credit, or these cards. It appears all that hot air Tuscani puts out on this board may have some truth to it! I have two other cards and I keep the limit at $500 for both and they both have about $10 of charges on them. My scores are 679, 660, 648....Nothing else bad, just some paid late accounts several years ago..Always good enough to get what I wanted, albeit with slightly higher interest rates. I look forward to the rest of this tour (4 months) and what my scores look like when I get back to the world!

Stpn2me

Re: Military Deferred Payment Plan

John060675 — Tue, 04 Sep 2007 03:29:54 GMT

Good luck and thank you for what you do! Stay safe!

Re: Military Deferred Payment Plan

SpecFile — Tue, 04 Sep 2007 03:49:25 GMT

Yes, thank you for what you do. Don't know where you are but I'm sure it's not the most desirable place hence the "getting back to the world" comment.

Message Edited by SpecFile on 09-03-2007 10:49 PM

Re: Military Deferred Payment Plan

Anonymous — Tue, 04 Sep 2007 12:42:34 GMT

Hey stpn,

If you're knee deep in sand say hi to my kid for me. Oh and BTW stay safe

Re: Military Deferred Payment Plan

SpecFile — Tue, 04 Sep 2007 14:38:40 GMT

Brammy,

You have a kid in the sand? How long? What unit?

Re: Military Deferred Payment Plan

Anonymous — Tue, 04 Sep 2007 16:01:51 GMT

SpecFile wrote:

Brammy,

You have a kid in the sand? How long? What unit?

She's a nurse not necessrily on the front lines now. Just went over from Ft Sam.

Re: Military Deferred Payment Plan

SpecFile — Tue, 04 Sep 2007 16:08:32 GMT

San Antonio! Know the place very well. I hope she is well.

Re: Military Deferred Payment Plan

stpn2me — Wed, 05 Sep 2007 08:06:21 GMT

Actually Brammy,

There are more rocks here in afghanistan than Iraq could ever hope to have!

On a credit note: I noticed that Bank Of America has actually increased my limit on it's credit card from $500 to $1500. I think that may have helped as well.

Thanks to all who are wishing me and my military battlebuddy's well, you dont know how much it means to hear that....

Stpn2me

Re: Military Deferred Payment Plan

Anonymous — Wed, 05 Sep 2007 11:22:51 GMT

Here's hoping you're not in the dark over there.... Got my prayers for you

Re: Military Deferred Payment Plan

SpecFile — Wed, 05 Sep 2007 13:39:10 GMT

Right on!

Re: Military Deferred Payment Plan

HannahB — Wed, 05 Sep 2007 16:17:18 GMT

Stpn2me, stay safe! My husband will be joining you over there shortly!