if you have recently had credit lines closed "due to inactivity" or the like WATCH YOUR CREDIT SCORES! i recently had 3 credit lines closed for the reason above and my score in november 2008 was 744.......... my score today is 668 !!!!!!!!!! i was FLABERGASTED! all 3 of the accounts state "account closed at customer's request" even though i did NOT close them myself. i intend to call experian and ask about this type of "reporting" as it doesn't seem fair to lower my credit score becasue 3 cc companies decided to close my accounts NOR write that i closed them when i did not.
moral of the story, watch your scores! they may be going down and you don't even know it!
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1|1|how can i see my score for free without a lot of effort..i dont want to sign up for any programs,etc|aschrecker|aschrecker@hotmail.com|15:27:02|03/02/2009|
thanks! 2|2|i don't know i paid for mine. sorry i couldn't help!|pussecat|pu55ecat@aol.com|15:38:16|03/02/2009|
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3|1|That's a bunch of baloney! The reason given by the CC companies is a lie, I hope experian can answer your questions...I remember you posting about this just last week or so (about CC's being cancelled due to inactivity)...|saint6811|waylan@comcast.net|15:40:25|03/02/2009|
"Middle age is when you choose your cereal for the fiber, not the toy." 4|1|I had the same thing happen...m...|Isha|tm2ewing@sbcglobal.net|15:54:45|03/02/2009|
We are in the process of buying a new house... and thinking I was doing good, I paid off a credit card and closed it... My loan lady lectured me and said to NEVER do that again... It knocks points off your credit score... and it shows you have less credit available to you... which lowers your credit score!!!! What a crock!
She also advised us to use all of our credit cards once a month and pay them off to show we were using them otherwise they would be closed by the CC company, affecting our credit same as above!!!
But you should also be checking your credit reports a couple times a year... We had MAJOR errors on ours. Its taken us months to fight the companies to get things corrected. When we sold our house in 2007 the bank reported it as a "reposession" instead of being paid off!!!! and even though we disputed it they didn't correct it until we complained over and over again and sent copies of the closing docs did we finally get it straight!!!
***Mailing from Northern California***
Please leave feedback if we've traded... Thanks :) Melissa
http://www.refundsweepers.com/dcforum/feedback/1113.html
5|1|so it is BAD to pay off a credit card and close it out ???? i just paid off a card so now i am confused |lydzkydz|lydzmcss@yahoo.com|17:34:02|03/02/2009|
help
please include your user name on refundsweepers.
i appreciate all the trades made in the past.
THANKS!! 7|2|it CAN be bad (M)|pussecat|pu55ecat@aol.com|18:52:47|03/02/2009|
part of the way your credit score is calculated is how much credit dollars you have (ie: you have 2 cc's and your credit line is $2,000 on each giving you 4,000 in credit dollars) then they calculate how much of the credit dollars you have avilable to use (ie: you have a balance of $500 on one card and $100 on the other then you have $3,400 available credit or 85%). as long as you have no less than 50% of your available credit open on your cc accounts you get better scores, if you have more than 50% of your available credit used then you get lower scores. also, you get scores based on how long your accounts have been opened so if you close one you lose those credit points.
and with the credit crunch, it is now advisable to either maintain a small (very small, like $10) balance on ALL of your cards OR charge at least one purchase to them once a month and pay off the debt each month to keep them "active". if you have 12 months of inactivity on any credit line the company can close the account with only written notification, and in all 3 of my cases, these letters were drafted on the very day they closed the accounts so there was NO RECOURSE for me.
hth :)
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6|1|I closed my CITGO cc account due to...|inthesticks|inthesticks@alltel.net|17:44:34|03/02/2009|
them raising my interest rate to $29.99%! I've never been late with this account, and the Citgo folk would not lower the rate back down. So, I requested they close my account, and I will pay off the $110 balance. Crap on these money-grubbing, rude, poor customer service-oriented people. 8|1|I think the credit card companies are getting worried that in this bad economic times that people will pay other bills before paying their|karlou|karlou5@yahoo.com|00:24:56|03/03/2009|
cc bills and they will not get paid on them...so they are closing out the ones they can and also offering incentives on the active ones if paid off in certain amount of time. I had 3 and just paid all 3 off with my income tax...had no ideal!People think they more Paid Off credits you have the better your score would be, i.e showing your paying your bills in full but I guess not. 9|1|Maybe this is what America needs a total revamp on the credit system a new way to determine if a person is worthy enough of the|teener|teenerzacsneenee@yahoo.com|07:00:58|03/03/2009|
things that they are applying for It's a crappy system that reates you based on how many cards you have think of how many people are in deep trouble because they are over maxed all because they have so many cards and got into morgages they should never be in and look where giving out so much credit got the credit card companies America needs to wake up and realize you can't afford everything you really want stop trying to keep up with everybody and my God teach your children the word no 13|2|i hear ya tina but it's not fair to lower credit scores for people who ARE paying their bills on time and keeping their credit limits low. kwim?|pussecat|pu55ecat@aol.com|08:13:51|03/03/2009|
i mean according to the experian credit score i got yesterday my score is considered a D............. did you hear me? a D! i am STILL flabbergasted at how much my credit score dropped and the fact that i had NOTHING to do with it gets to me too. if credit card companies want to reevaluate people and lower limits or cancel cards then fine, but the 3 credit scoring companies need to revamp their systems as well kwim? it's only fair. JHMHO
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16|3|Then mybe the scoring system is flawed |teener|teenerzacsneenee@yahoo.com|16:38:29|03/03/2009|
>Posted on Mar-03-09 at 08:13 AM (Eastern)
>by 24.129.66.182i mean according to the
>experian credit score i got yesterday
>my score is considered a D.............
>did you hear me? a
>D! i am STILL flabbergasted
>at how much my credit score
>dropped and the fact that i
>had NOTHING to do with it
>gets to me too. if
>credit card companies want to reevaluate
>people and lower limits or cancel
>cards then fine, but the 3
>credit scoring companies need to revamp
>their systems as well kwim?
>it's only fair. JHMHO
>***** BOYCOTT COUPON CLIPPING SERVICES that don't
>want YOU trading *****
> +++Coupon Savings For 2009 So Far
>$1,706.37+++
10|1|as the saying goes...."Everyone gets above their raising" or tries to llve "High on the Hog" lol|karlou|karlou5@yahoo.com|07:34:35|03/03/2009|
I totally agree thats whats wrong with america today...their wants are far more than their needs anymore! 11|2|I guess we need to find smaller hogs lol lol |teener|teenerzacsneenee@yahoo.com|08:03:23|03/03/2009|
>Posted on Mar-03-09 at 07:34 AM (Eastern)
>by 76.8.175.8I totally agree thats whats
>wrong with america today...their wants are
>far more than their needs anymore!
>
12|3|website to get free credit report is this one....|KellyJef|burke3536@yahoo.com|08:12:52|03/03/2009|
https://www.annualcreditreport.com/cra/index.jsp 18|4|Is this safe to do online? (m)|maraj|maraj64@hotmail.com|17:08:43|03/03/2009|
I mean, it asks for both your birthdate & SS # (why do they need both?), which is very personal info & neither of which I prefer to divulge online, seemingly secure or not......
Please identify yourself in 1st email. If I haven't traded w/you before, I will require *legit* trade references & will gladly provide the same.
22|5|They need both to verify your whole report/history....all your loans, credit cards, etc are linked together by SSN and bd....cant just go by name as you may have credit history with maiden name, etc...the https prefix indicates it is a secure site, when go to the site look for the security license seal. :)|saint6811|waylan@comcast.net|18:21:14|03/03/2009|
"Middle age is when you choose your cereal for the fiber, not the toy." 14|1|Thank you for the info i just printed out credit report wow |lydzkydz|lydzmcss@yahoo.com|12:48:19|03/03/2009|
thanks LYDia
please include your user name on refundsweepers.
i appreciate all the trades made in the past.
THANKS!! 15|1|Just got ours done too......|Quietwaters|Quietwaters39@hotmail.com|16:29:29|03/03/2009|
we got it for free, from all three companies, one of them is no longer going to be offering that if I understand right. I think it is interesting, my rate is high 900s, my husbands is lower, even though he is the major bread winner, but I think it is because he closed a couple of his accounts.
************
I thought the highest credit score was 850? Just curious if I missed something and it changed again...
***Mailing from Northern California***
Please leave feedback if we've traded... Thanks :) Melissa
http://www.refundsweepers.com/dcforum/feedback/1113.html
19|2|i remember when the higest credit score you could have was 700! ugh! now 900? what are they doing to us?|pussecat|pu55ecat@aol.com|17:09:58|03/03/2009|
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21|3|Yeah, that threw me for a loop....I've always been told that my credit is sterling and I have a 780 (I think it'd be a bit higher but I have three store credit cards--kohls, jcp, and target, and I've heard those are considered a liability on your credit score, not sure if that is true). If it's up to 900's now, I better run another credit report and check my score.|saint6811|waylan@comcast.net|18:09:21|03/03/2009|
"Middle age is when you choose your cereal for the fiber, not the toy." 20|1|Thx 4 link, question inside though =-)|IceeeeN|IceeeeN@aol.com|18:06:42|03/03/2009|
Do you have to pay the extra to get your credit score? 23|2|i think all sites charge for credit scores..... hth|pussecat|pu55ecat@aol.com|18:52:25|03/03/2009|
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24|1|free credit report|ladywcats|neal2856@sbcglobal.net|19:55:33|03/03/2009|
Everyone has a right to request a free copy of there credit report each year at no charge, however there is a charge for credit score. Also if you have been turned down for any reason for a loan you can send in the letter you go and also request a credit report. Also of you think that there is any type of mistake or if someone may of used or credit you can also call and request a copy of your credit report and they send them out the next day. Everyone should check there credit report once a year to make sure no mistakes on it, if there is a mistake the credit company also sends papers with your report to correct the mistakes. Call each of the credit companies and ask for a copy of credit report be send to you.
Many of the sites that ask for your ss# and other information will charge you and it takes forever to get your money back, so do not do it and be sorry.
Gloria 25|1|OMG! read this.......credit scores now up to 990 !!!!!!!!!!!!!!!!!!!!!|pussecat|pu55ecat@aol.com|12:33:26|03/04/2009|
this is on the credit score sheet i got from experian:
YOUR VANTAGE SCORE IS: 668 ON A SCALE OF 501 - 990 !!!!!!!!!!!!!!!!!!
990!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
OMG! when did that go up?????????????????
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26|2|What the heck?? when I get my PC tower back, I'm gonna have to get a credit score and report done (so I can print it out)....now I'm wondering how my score will compare to the great score I've had for so many years...Jackie, based on your former score with the 'old' system and your current score with the new system, do you think your credit score is less or about the same?|saint6811|waylan@comcast.net|13:02:57|03/04/2009|
"Middle age is when you choose your cereal for the fiber, not the toy." 27|3|just got off the phone and........................|pussecat|pu55ecat@aol.com|13:48:45|03/04/2009|
it turns out that the score i recevied was my VANTAGESCORE, it is NOT an actual credit score. (man i was PO'D when i found this out!) it is actually a colmunation of all 3 of your scores put together by the 3 bureau's and basically means NOTHING. i just had to re-buy my experian score (as i THOUGHT THAT'S WHAT I WAS GETTING BEFORE) AND it's actually a 701 out of 830 tops. my score dropped 10 points for EACH of the 3 cc's that closed my accounts AND i lost more points because i paid off a cc, partially with another cc, and they have BOTH cc's maxed out right now. the lady said my score will go up when BOA reports that it's balance was paid off.
beware people, do NOT buy a VANTAGESCORE credit score! it is NOT what you need!!!!!!!!!!!!!!!
hths
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28|4|Thanks for the info, Jackie!|saint6811|waylan@comcast.net|15:43:27|03/04/2009|
"Middle age is when you choose your cereal for the fiber, not the toy." 29|5|i'm going to email suze orman and ask her to either do a special segment on her show about this "new score" or|pussecat|pu55ecat@aol.com|18:58:23|03/04/2009|
at least take the time to answer my questions about it on the air. i'll lyk what happens! :)
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30|6|i emailed her! :)|pussecat|pu55ecat@aol.com|19:10:10|03/04/2009|
i only had 70 words so here's what i wrote:
Topic: Other
What is a "VantageScore" Credit Score
"Please help, WHAT this is? I don't understand how my Experian credit score can be 701 and this score be 668. Also, I THOUGHT I was buying my Experian Score and received this instead. I feel I was ripped off! I had to pay an ADDITIONAL $15 to get ANOTHER credit report and a TRUE Experian credit score on top of the $5.95 I was charged for this piece of garbage. What IS it? Thank You, JS"
and here's the reply i got:
Thank you, Jackie Shipman, for contacting us and to have your questions possibly answered by Suze on the Suze Orman Show!
Due to Suze's schedule and the enormous amount of e-mail that she receives it is not possible for Suze to respond to individual e-mails sent to her website. If your question is selected a member of the Suze Orman Show staff will be contacting you to set up a time for you to call into the Suze Orman Show to ask Suze your question.
sooooooooooooooooooooooooo, if they call i'll be sure to let everyone know! OR if i hear anything about this stupid new scoring system i'll be sure to lyk. :)
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31|6|Suze has already talked about this on her show. 2 weeks ago someone called |jilda|vze4gj4m@verizon.net|19:15:47|03/04/2009|
Posted on Mar-04-09 at 07:15 PM (Eastern) by 173.68.114.111
in saying their score was 900 something and she said ..stop right there...that isn't possible since the high scores cannot be over 830. That 900 something isn't a real FICO score but one that you get from those sites that help yu print out your credit report.. It means nothing. THe FICO score is the only one that counts.
32|1|SAW SUZIES SHOW THE OTHER DAY CREDIT REPORTS.....|melpaul|Melpaul199@aol.com|23:22:51|03/04/2009|
SHE DID A SHOW THE OTHER DAY ON WHATS HAPPENING WITH YOU CREDIT REPORTS AND CARDS NEVER NEVER CLOSE THEM CREDIT CARDS
IF THEY ARE PAID OFF OCCASIONALL USE THEM AND PAY IT OFF TO KEEP SCORE UP
33|1|OK now that im getting divorced i need to figure out a way to get my credit back up.............|rainj|jmrains@centurytel.net|23:36:17|03/04/2009|
Everything we had was always in DH's name so i have nothing on my credit report which isnt good i have heard that having no credit is worse than having bad credit is that true?? So what can i do to get my credit back????
Please leave feedback for me @
http://www.refundsweepers.com/dcforum/feedback/598.html
~Jennifer~
34|2|Will your utilities for your new place be in your name? Those will help start to establish credit history for you....also, apply for one credit card (get one with rewards like Discover and ask for a low limit, like maybe $5000) use it once or twice a month for normal expenses like gas or groceries, then pay off the balance each month. It will take time, but start now so in a year you will have something established, possibly buy something on credit with a store, maybe an appliance you need or a piece of furniture (make sure it's something you can pay on each month and then pay it off early by paying more than the minimum).|saint6811|waylan@comcast.net|07:43:15|03/05/2009|
"Middle age is when you choose your cereal for the fiber, not the toy." 35|2|actually , if she leaves a small balance on the card every month her credit will build faster............|pussecat|pu55ecat@aol.com|08:11:56|03/05/2009|
when i say small i mean SMALL, like $2 - $20. but make sure your cc doesn't charge a minimum finance charge of $1.00 or more. if it does then don't carry a balance, 1/4 of a point each month isn't worth $1.00 a month in finanace charges (in my opinion anyway). but if your cc has a low or 0% interest rate on purchases for a set amount of time then definately carry a small balance over each month it'll help buid your score a little faster. hth
you can also do what joy said and get a piece of furniture or an appliance, but NOT at a rental company, those do not go on your credit report unless you make late payments so it won't help.
also, i don't consider $5,000 a low credit line, perhaps $1,000 or even $750.00 would be good for you. if you have no credit you may not be able to get a larger sum like $5,000. (i think once credit is established, we tend to forget that the big money isn't offered in the begining.)
as for your utilities, yes they will help your score, but just like your auto insurance, they report but do not actually show up on your written credit report thus giving you no history. the main thing you need to do is establish some history for yourself, at least 6 months worth, then you should see your score start to climb. (at least according to suze orman's site you will.)
hth and good luck! and remember, don't get yourself into a pinch! don't charge more than you can afford to pay back! :)
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36|2|here's a link for you jennifer............|pussecat|pu55ecat@aol.com|08:17:49|03/05/2009|
http://www.myfico.com/crediteducation/brochures.aspx#uycs
read the "understanding your fico score" brochure, it'll help! :)
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37|3|Thanks :) so whats the best credit card for a person to get that has no credit.......|rainj|jmrains@centurytel.net|08:35:18|03/05/2009|
what im really asking is is anyone going to give me a credit card since i have to credit history? As far as my utilities go i have had a phone in my name for years that was the only thing in my name but like you said it doesnt go on my credit report. So i guess i will try to figure out which credit card to get or which i can get. I havent had a credit card in like 15 years. My DH would never let us get one and the one i had a long time ago got closed out for inactivity. Is it pretty easy to get credit cards these days???
Thanks for all the help
Jennifer
Please leave feedback for me @
http://www.refundsweepers.com/dcforum/feedback/598.html
~Jennifer~
38|4|oh yeah and one more thing.........|rainj|jmrains@centurytel.net|08:42:40|03/05/2009|
since i dont have a job yet im assuming that i will have to wait until after i find a job to apply for a credit card because most of the applications i have seen ask for your employer and such.
Please leave feedback for me @
http://www.refundsweepers.com/dcforum/feedback/598.html
~Jennifer~
39|5|jennifer please cye :)|pussecat|pu55ecat@aol.com|10:11:37|03/05/2009|
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40|6|Jackie didnt see an email from you???|rainj|jmrains@centurytel.net|21:02:36|03/05/2009|
Please leave feedback for me @
http://www.refundsweepers.com/dcforum/feedback/598.html
~Jennifer~
41|7|I saw this on TV www.freecreditscore.com|DAVESBABYDOLL|sheila83@bright.net|04:19:04|03/06/2009|
It's supposed to be free with all three credit scores. I haven't tried it. please post if you do.
If using yahoo or hotmail, please email me at splenderdoo2@yahoo.com My regular email decides who I get to hear from. 42|5|I would apply at the bank where you have your checking/savings account.|gwkatt2|gwkatt2@hotmail.com|07:06:51|03/06/2009|
^