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ilovepizza wrote:
It's like this. They give you a credit line of lets say for example $2,500. Then they increase your CL to $5,000 and send you an offer for 0% apr for 6 or 12 months to help you use your new higher credit line. Ok. So I use all of it. Max out the card. It's 0% so I can always apply it to other higher interest balances. Because it is 0% I don't want to pay back any more than I need to. So each month I make the minimum payment so I can apply money to other needs. Finally when the 0% apr is over it goes up to 24% apr I PIF the card since it is now my highest interest payment. As soon as I PIF my credit line gets dropped to $100. $2,400 lower than I began with before the CLI. I don't see what I had done to trigger this. All other cc accounts are also paid to $0 bal. Yet, they still took almost everything away. I called and got it back after a "extensive F/R".
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
They are losing $ on your business.
Plain and simple. Do you think for 1 minute they do not know how much $ they make off of you????
Not sure I understand this post. But I'd think I am less profitable because I am responsible. It's probably just a number of back to back minimum payments followed by a large payment after being maxed out that triggers the decrease. I will just always pay more then minimum on going and hope that removes me from the triggers.
I got to tell you a story which seems to fit. I once got pulled over by a police officer because I was driving the speed limit. I said, officer is there a problem? Officer's response, whats going on. I said, driving home from work. Officer's response, why are you driving so slowly? I said, I thought the speed limit was 30 mph. Officer's response, yes..... (Jumping to the end of the conversation), I wanted an explanation for this traffic stop. Officer's response, you looked suspicious because you were the only person on this road driving the posted speed limit.
My point in this story is maybe my credit actions are making me stand out and it looks like trouble because I am following the rules. I actually call my lenders now from time to now just let them know everything is ok, do they have any questions for me, ect. I am annoyed with these triggers. I should not have to do this to keep my credit. The lenders must be really getting burned by people these days. It was never a problem before the housing bubble broke.
What's next? Are my lenders going to call me because I have only made 30 payments on a 60 month installment loan? I can see it. We understand that we agreed you could make 60 installment payments but we expected you to pay off early. We have to deny you from further installments with our bank because there are too many installment payments. I'm being silly. But I am following the rules. If they give me 12 months at 0% apr, I'm only going to make minimum payments only until the 0% apr offer expires. I don't see why I stand out?
Why would lenders let us carry balances if they don't want us to carry them? I'm always going to pay them back. I can see if my int was at 25% and I looked desperate, but not on 0% apr offer.I don't understand. Are you saying that you PIF and make double payments like I do and they LOWER your limit? Please explain...PS- DH is a cop- and yes, that cop sounds like a jerk- but question- was it late at night when you were driving exactly the speed limit? Reason I ask is that drunk drivers will drive EXACTLY the speed limit and for some reason that is a clue- they set cruise control for example exactly at 35...another thing they will do is brace their arm through the steering wheel and for some reason there is no normal slight veering... just wondering if it was at night that this happened...again, not saying that this one wasn't a jerk... cuz it is very rare that they do this- they do it only when they suspect drunk driving or drug smuggling on an open highway- 2nd question was it on a highway even though it had a low limit area? Not meaning to threadjack- just wondering.
andyaycw wrote:So even though, technically, it is illegal to drive even 1mph over the posted speed limit, and a cop can give you a ticket for going over the speed limit, they still expect people to drive over the speed limit?
This confuses me - I know that 15mph over the speed limit is obviously grounds for a ticket, and that 5mph is fine, and even driving with the flow of traffic is fine...but what if you're the only car on the road!?
I always get paranoid about getting a ticket so I never go more than 7mph over the posted limit
@andyaycw wrote:
So even though, technically, it is illegal to drive even 1mph over the posted speed limit, and a cop can give you a ticket for going over the speed limit, they still expect people to drive over the speed limit?
This confuses me - I know that 15mph over the speed limit is obviously grounds for a ticket, and that 5mph is fine, and even driving with the flow of traffic is fine...but what if you're the only car on the road!?
I always get paranoid about getting a ticket so I never go more than 7mph over the posted limit
Nope, didn't get a ticket. The police officer said I just looked suspicious because I was not going with normal traffic. It was very late at night too for the person that asked earlier.