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I dont dislike Chase, but i do feel like there are some deficiencies there that I dislike very much, and if I have alternative, I dont have to put up with.
I'm not making unreasonable demands, but it's kinda nice when CSR answers the phone without sounding like you just ruined their life because you called.
It seems like a lot of us have gotten numb to 💩 customer service, because 💩 customer service seems to be the norm.
"As long as it works" is not a glowing praise, it's the lowest common denominator.
@Remedios wrote:Discover and Capital One are highly likely to engage in litigation over the debt, more so than other lenders.
When is someone in "debt / looks risky" in the eyes of the lenders?
$500+ on a credit card? $2K+ adding all cards together?
Im just trying to stay on the safe side... i believe lenders will or have started closing accounts because of this crises.
Thank for the great support!
Have the Following:
CashBack Cards Goals: Citi Rewards+
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Note to Self: Focus on the Abundance of Love and you shall have more!
@TyRacing wrote:
@Remedios wrote:Discover and Capital One are highly likely to engage in litigation over the debt, more so than other lenders.
When is someone in "debt / looks risking" in the eyes of the lenders?
$500+ on a credit card? $2K+ adding all cards together?
Im just trying to stay on the safe side... i believe lenders will or have started closing accounts because of this crises.
Thank for the great support!
I think "looking risky" is relative to each person's profile. If you only have low limit cards, like $300-$500, having a balance of $250-$450 will have you "maxed out." Also, if you typically have low utilization and/or pay in full and suddenly you're carrying high balances across all cards, that will raise some flags.
I beginning to believe that aside from business relationships, maintaining personal/consumer deposit accounts with a bank, or even a credit union, provides a low value dollar-for-dollar if your only goal is to leverage a CLI.
Think about a secured card. Bad credit, low quals. You get a dollar in credit for every dollar you put up to secure the balance. Usually $300-$5000. Are you even getting that when arbitrarily allocating tens of thousands of dollars in a savings account product in order to gain... how much in a CLI? I don't think it will even net you $1:$1 that you can get poor to no credit history.
Sure, different goals here. But why does it seem like the person with the relationshp is getting the lesser deal here?
@Anonymous wrote:I beginning to believe that aside from business relationships, maintaining personal/consumer deposit accounts with a bank, or even a credit union, provides a low value dollar-for-dollar if your only goal is to leverage a CLI.
Think about a secured card. Bad credit, low quals. You get a dollar in credit for every dollar you put up to secure the balance. Usually $300-$5000. Are you even getting that when arbitrarily allocating tens of thousands of dollars in a savings account product in order to gain... how much in a CLI? I don't think it will even net you $1:$1 that you can get poor to no credit history.
Sure, different goals here. But why does it seem like the person with the relationshp is getting the lesser deal here?
It depends. Some people might do it on a short-term basis to get what they want from the bank (such as that CLI) and then move deposits or close accounts. Also it depends on the account. You can put $5K in a Bank of America standard "savings" account earning 0.01% interest. (Yes, that's 1/100 of 1%.) Or you can put that $5K in a PenFed Premium Online Savings account earning 1.40% currently, so 140 times the Bank of America account.