Random question thread.

[haulingthescoreup]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:
This thread is for questions that do not merit a whole thread for themselves. I'll go first : Is it possible that a fraud alert on my credit report might cause me to get declined?

---

Is it considered a "negative" to get CLI's on your existing cards within the same month/week? I received a FICO memo on one of my recently credit approval letter that stated.."Too many recent new credit limit increases". 

Ms. Nae

---

I didn't know FICO kept track of CLIs o_O

---

They don't.

Ms. Nae, if the creditor used a different score than FICO, that might be a score factor for that other company. When you get declined, or don't get the best rate, they supply the score that they used, which may or may not be a FICO.

But "too many recent CLI's" isn't tracked by FICO, and it's not on the list of FICO scoring reason codes.

Sorry about the decline!

[Anonymous]

---

@haulingthescoreup wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:
This thread is for questions that do not merit a whole thread for themselves. I'll go first : Is it possible that a fraud alert on my credit report might cause me to get declined?

---

Is it considered a "negative" to get CLI's on your existing cards within the same month/week? I received a FICO memo on one of my recently credit approval letter that stated.."Too many recent new credit limit increases". 

Ms. Nae

---

I didn't know FICO kept track of CLIs o_O

---

They don't.

Ms. Nae, if the creditor used a different score than FICO, that might be a score factor for that other company. When you get declined, or don't get the best rate, they supply the score that they used, which may or may not be a FICO.

But "too many recent CLI's" isn't tracked by FICO, and it's not on the list of FICO scoring reason codes.

Sorry about the decline!

---

   Thxs Shaddis

Ah, that makes more sense. I was approved for the card, not declined. I like to review the memos so that I can see how companies are making these credit decisions...about me, anyway. 

Ms. Nae

[MarineVietVet]

---

@Anonymous wrote:

It may be fraud but it wouldn't be illegal, nor wrong IMO.

---

I found just a few definitions of fraud:

A deception deliberately practiced in order to secure unfair or unlawful gain.

A piece of trickery; a trick.

Deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage

So commiting fraud is not wrong? And not a crime? I think the CCC's would disagree with this.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

---

@MarineVietVet wrote:

---

@Anonymous wrote:

It may be fraud but it wouldn't be illegal, nor wrong IMO.

---

I found just a few definitions of fraud:

A deception deliberately practiced in order to secure unfair or unlawful gain.

A piece of trickery; a trick.

Deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage

So commiting fraud is not wrong? And not a crime? I think the CCC's would disagree with this.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

---

Well the thing is, the CCC are not asking you what your credit history is, they're asking some third party who is keeping track of you without your consent... It isn't your responsibility to make sure your credit reports are accurate. Though I can definitely agree that trick, deceit, would be wrong, hard to say. Most certainly wouldn't be illegal though.

Also here's a question for you:

I can't figure out anything to do with my zync card :/ I got it just so I could backdate in January(fraud as well!) with another card either next year or in 2013. Is there any way to setup a zync card so that it actually has a purpose not fullfilled by freedom/more/dividend/fiaamex/forward/penfedgas/amexbcp?

[MarineVietVet]

---

shaddix wrote:

Also here's a question for you:

I can't figure out anything to do with my zync card :/ I got it just so I could backdate in January(fraud as well!) with another card either next year or in 2013. Is there any way to setup a zync card so that it actually has a purpose not fullfilled by freedom/more/dividend/fiaamex/forward/penfedgas/amexbcp?

---

Can't help you there. My youngest CC is 5 years old so I don't keep up with the latest recommendations or strategies.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

---

@Anonymous wrote:

It isn't your responsibility to make sure your credit reports are accurate.

---

I don't understand what you meant by this shaddix, can you please explain? 

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

It isn't your responsibility to make sure your credit reports are accurate.

---

I don't understand what you meant by this shaddix, can you please explain? 

---

It would only be your responsibility to make sure it is accurate if you worked for a CRA and your job description stated "Ensures accuracy of credit report data". Or if you were that person's boss.

[haulingthescoreup]

---

@Anonymous wrote:

It may be fraud but it wouldn't be illegal, nor wrong IMO.

---

http://en.wikipedia.org/wiki/Fraud:

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation.

It might be a matter of opinion is to whether it is "wrong", but it's a matter of fact that it's illegal.

[Anonymous]

---

@haulingthescoreup wrote:

---

@Anonymous wrote:

It may be fraud but it wouldn't be illegal, nor wrong IMO.

---

http://en.wikipedia.org/wiki/Fraud:

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation.

It might be a matter of opinion is to whether it is "wrong", but it's a matter of fact that it's illegal.

---

I don't think so.. as the same with theft you have to be victimizing something. On top of this it's the CRAs who are making the statement about your account history, not yourself

[Anonymous]

---

@Anonymous wrote:

---

@haulingthescoreup wrote:

---

@Anonymous wrote:

It may be fraud but it wouldn't be illegal, nor wrong IMO.

---

http://en.wikipedia.org/wiki/Fraud:

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation.

It might be a matter of opinion is to whether it is "wrong", but it's a matter of fact that it's illegal.

---

I don't think so.. as the same with theft you have to be victimizing something. On top of this it's the CRAs who are making the statement about your account history, not yourself

---

I doubt that'd hold up in a court of law, however.