PENFED CLOSED MY 40,000 SECURED CREDIT CARD

[Imhotrodcrazy]

I can't believe some of the rude remarks that have been made on this thread.  Beware of KARMA.

[Anonymous]

---

@MarineVietVet wrote:

Folks several posts have already been removed and/or edited in this thread.

Several more are close to be removed because they are drifting off topic and getting dangerously close to personal attacks.

You can give views and opinions but keep it friendly, supportive, and respectful. Posts not following these guidelines will be looked at closely.

---

Sorry! Gotta try to act a little more mature

[Anonymous]

Hey guys,

Update:

1. Yes the 40,000 limit is highly unusual, It was secured like this: $20,000 was in 2 separate $10,000 5 year CD's, the rest was secured within in my actual share account. This is how the card was backed.

2.The actual garnishment seems to have stemmed from a Charged off Second mortgage in the amount of 67k, this was a Countrywide mortgage, I was never served nor was even aware of the proceedings that occurred within the county. I've contacted my attorney and he has begun investigating.

3. Thanks for bearing with me, I was extremely panicked last night, I didn't mean to cause such a stir, I had gotten so scared that my thoughts became irrational, I thought my life was truly over, I even withdrew money from my IRA even though I had money within another bank. It was truly surpising, being caught off gaurd is truly one of the worst feelings ever.

4.This is truly a life lesson for me, A. I shouldn't have turned my liquid savings of 40k into illiquid secured CD's , and B. I should have kept up with the Second Mortgage from 2008 to make sure they weren't pursuing any legal maneuvers.

Cheers.

[Anonymous]

---

@Anonymous wrote:

Hey guys,

Update:

1. Yes the 40,000 limit is highly unusual, It was secured like this: $20,000 was in 2 separate $10,000 5 year CD's, the rest was secured within in my actual share account. This is how the card was backed.

2.The actual garnishment seems to have stemmed from a Charged off Second mortgage in the amount of 67k, this was a Countrywide mortgage, I was never served nor was even aware of the proceedings that occurred within the county. I've contacted my attorney and he has begun investigating.

3. Thanks for bearing with me, I was extremely panicked last night, I didn't mean to cause such a stir, I had gotten so scared that my thoughts became irrational, I thought my life was truly over, I even withdrew money from my IRA even though I had money within another bank. It was truly surpising, being caught off gaurd is truly one of the worst feelings ever.

4.This is truly a life lesson for me, A. I shouldn't have turned my liquid savings of 40k into illiquid secured CD's , and B. I should have kept up with the Second Mortgage from 2008 to make sure they weren't pursuing any legal maneuvers.

Cheers.

---

Glad to hear you know what happened and are able to work towards resoliving it! Good luck!  And this thread did quite nippy didn't it? lol it was quite entertaining.

[Anonymous]

---

@Imhotrodcrazy wrote:

I can't believe some of the rude remarks that have been made on this thread.  Beware of KARMA.

---

Being nice out of fear of karma isn't the same as being nice.

I haven't read any of this thread since the last post I made in it, but I hope the OP has or is close to figuring this situation out.  

[MS00000000]

---

@Anonymous wrote:

---

@Imhotrodcrazy wrote:

I can't believe some of the rude remarks that have been made on this thread.  Beware of KARMA.

---

Being nice out of fear of karma isn't the same as being nice.

I haven't read any of this thread since the last post I made in it, but I hope the OP has or is close to figuring this situation out.  

---

+1