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They took back our credit limit

Jamie Vaccaro
My husband and I have worked hard to have great credit. We pay on time, pay more than the minimum and sometimes just pay off the card at once. As a benefit, all of our credit card companies have given us generous credit limits. In December of 2020, the credit union that we have one of our cars with messed up our payment and reported it being late to the Big Three (Transition, Equifax and Experian). Discover card somehow found out and immediately lowered our credit limit. I only found this...Read More...

Credit Seekers BEWARE!

Rick Campbell
Just an FYI in case it had not been discussed. Due to Covid-19 and the current and extended economic uncertainty, employment uncertainty and difficult time. Many banks, credit cards and other creditors are being very strict on approvals and on credit limit increases. Where in January 2020 you could easily get a new credit card, loan or credit limit increase. Now they are either not approving or approving for far less. Example, I received a credit limit increase on one of my cards in January,...Read More...

Experian Boost

Leslie Kay
Anyone else had any good or bad experiences with adding that Experian Boost to your credit report. It instantly added 37 points to my credit report by adding payment history for my utilities. It only adds accounts with a good solid payment history. I was wary but so far so good.Read More...
If reading isn't your thing, here's a video I made covering FICO scores So, what is a FICO score? First, FICO stands for the Fair Isaac Corporation. The FICO score was created in 1989 as a standardized way for lenders to interpret your credit report and determine whether or not to give you a loan. How is a FICO score different than a credit report? A FICO score is simply a summarized version of your credit report. Your credit report lists all your credit history, but it doesn’t keep track of...Read More...

Dumb Question

Misty
I know this will probably be a dumb question but I've never had a credit card. My husband and I are going to split and I wanted to know what kind of a first credit card can I sign up for? Is there such a thing?Read More...

Credit Repair Journey

Mark Roland
My scores were 490TU 507EX and 505EQ as of 1/08/19. I was looking in to getting a VA home loan and was directed to a credit specialist who was able to pull my scores and disect my credit. It wasn't pretty. My first plan of attach was to analyze and target the items which had the highest and immediate impact on my score which were recent collections with the highest balances. I got those off first. Then I paid off the rest one after another. Simultaneously I increased the credit line on my...Read More...

SageStream

Mexpensive
I recently applied for a loan and along with the denial list as the credit bureaus that they used was one I had never heard of . It is SageStream. Has anyone else ever heard of them? I being the savvy consumer that I am looked them up online. I found them and they are legit. I filled out the form and received the report. I was very surprised at what was in there.I was very surprised at how low my score is considering that my credit score is very good.They use your phone number , the distance...Read More...

High Limit Cards Wanted Please

Rick Campbell
I don't open new cards very often but when I do I usually have a reason for a particular card. At first it was building credit, then it was for higher limits ( Over $1,000) then it was balance transfer, whatever I needed. Some credit cards generally come with a large initial credit limit, some generally are small others are in-between. Some cards you will not get over $500, some are between $1,500 to $5,000, some are $7,500 to $25,000 others are higher or unlimited. I want to get another...Read More...

Credit Report Inaccuracies Tip

Rick Campbell
I highly recommend using a credit building website to monitor your credit such as CREDIT KARMA or CREDIT SESAME so you can monitor your credit. Doing this allows you to see how tour credit actions have consequences, both good and bad. Almost in real time, usually weekly or monthly as it updates. This is important, and they are free. You can monitor credit inquiries, reporting, balances, accounts, payments, spending and lots of things. I had a delinquent account on my credit for 7 years, it...Read More...

Bankruptcy

Rosemary Daniel
Does anybody know anything about American Express being able to freeze your bank account I'd like to open up a checking account because I'm not getting any of my unemployment checks due to the mail being backed up but I'm afraid that they will freeze my unemployment checks please advise thank you for your time and consideration in this matterRead More...

High Limit Credit Cards

Rick Campbell
I was wondering if anyone can recommend some HIGH LIMIT CREDIT CARDS that are not insane on their requirements. High limit I would consider to be over $10,000 and NOT be due in full each month, can carry a balance and pay minimum payments. Obviously I don't expect a $20,000 limit with a 400 credit score. But some are really simple, some are insane such as Chase 5/24 rule, some I hear are worse, 3/24. Thanks for any tips. Rick PS...if my topics help, vote for them or like them, thank you.Read More...

Credit repair

Kimberly L
Hi, I'm Kimberly and brand new to this community. I'm really looking forward to getting and maybe even giving some insight into needed situations. Today I'd like to know what to do with a credit situation. I bought some furniture in 2018 from a company that says it's not like "rent to own" but it's pretty darn close. I have a signed contract that states if for any reason I no longer want the furniture, to call them and they will take it back. I called told them I could no longer make the...Read More...

I'm 48 with bad credit and never owned a credit card.

If I've lived this long without a credit card and still have bad credit, would it make any sense to work towards fixing my credit just to get one now? I am in the best financial place I've been all my life due to my income and my children each being productive working adults. Can I get some opinions about this because of all my friends and family I'm the only one to never have had a credit card.Read More...

Kikoff credit builder

Winter Povilat
Okay, so I'm not sure if anyone has bears about this, but it's too good not to share! There's this site calle kikoff that gives you a crash course in credit and how to build positive credit. Then, they loan you $12 which you pay back over the course of a year. 35% of your credit score is set by regular payments, so that measly $12 makes a huge difference! I've only been using them for 2 months and my credit has gone up 31 points! I still have a ways to go before I get the kind of credit I'm...Read More...

Citi closed my credit card with no warning

Susan L. Miller
I just received an email from Citibank that they have closed my credit card account. No warning, just closed. I have not used the card in some time, as I am trying to keep my use of credit cards very limited. I don't know whether this will affect my credit score, which is in the high 700's. Any thoughts on how to respond, if at all? Thank you!Read More...

Decreases in Credit Limits

Wanda Haiche
Doesn't the creditor have to notify the card holder in advance of a credit line decrease? Can they just cut it without telling you and let you go on your merry (spending) way? I keep my utilization very low but what about the poor souls who do not?Read More...

BUILDING CREDIT FINANCING A PHONE

lori wulff
I am a Boost mobile customer and I recieved a email one day from them about building up my credit by financing a new phone with them. To make a long story short, I did upgrade and I financed a Samsung S9. I have made 8 payments of $33.00 so far. 10 left to go. Is this true? Will my payments get reported to the credit bureau?? I would love to hear any responses.Read More...

Why is my credit score not rising?

Wen Dee
I am confused, I took out a secured credit card and paid off my debt, however, my credit score is tanking instead of rising. What am I doing wrong? I only use 20-30% of my credit card limit and pay it off monthly. Any suggestions would be greatly appreciated! ThanksRead More...

My Credit Dropped 85 points....Why?

Wen Dee
I use Credit Sesame and Credit Karma both say my score dropped 85 points for paying off my secured credit card on time and using less than 30% of my card limit. I'm confused why would doing something positive have a negative effect on my credit score? Thanks Based on Transunion data Credit changes Current score 489 Jul 6 574 489 85 pts We found 1 change to your Transunion credit report. Balance Decrease CAPITAL BANK + Balance Decreased by $10 5% Excellent 0% Excellent Credit Card Utilization...Read More...
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