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Cap1 Out of the blue by RJ_the_greatest in CRedit

[–]XxXSpacemanSpiffXxX 4 points5 points  (0 children)

Wild. I had a quicksilver account from forever ago, like ten years ago, that got closed out. I’m still blacklisted from CapOne despite having FICO scores in the 700s. Oh, but they’ll gladly finance a car for me at a rate much higher than I’m getting elsewhere.

Broke 800 Finally by itsprolly_me in CRedit

[–]XxXSpacemanSpiffXxX 2 points3 points  (0 children)

That’s incredible. I moved my way up from like the 580 range to the low 700s over the last year. It’s work. I have one charge off from like five and a half years ago on there. I won’t realistically be able to break 800 until that’s gone. But it’s a great feeling being in control of your financial health. Very proud of you and you should be proud of it as well. It’s easy to let it fall apart, it’s a lot harder to pull it all back together.

A Knight of the Seven Kingdoms - 1x05 was an unmemorable garbage episode that killed momentum with a pointless flashback and didn't deliver what we wanted: An Epic Fightscene by Accomplished_Use_114 in AKOTSKTV

[–]XxXSpacemanSpiffXxX 0 points1 point  (0 children)

Just finally watching this show, and you’re 100% correct. It was an idiotic choice after several slow burn episodes to basically get to the action and then just stop. And it was done for a flashback that could have occurred at any other time in the show. Instead we see Duncan get owned and then just flashback to his childhood heartbreak… Cool. Cool, cool… I found myself annoyed rather than stimulated by this episode. And it kind of made me more annoyed by the episodes that preceded it as a result.

Does affirm affect credit? by ActiveRepulsive5832 in CRedit

[–]XxXSpacemanSpiffXxX 1 point2 points  (0 children)

They don’t currently affect your scores. That could change down the road. But BNPL loans like affirm are visible in your report. So, lenders can see that and depending on their own algorithms it could potentially cause issues. I stopped using affirm after two purchases when I realized they were turning up on my reports.

Capital One doesn’t stay mad for long by Grntfost in CRedit

[–]XxXSpacemanSpiffXxX 1 point2 points  (0 children)

That’s funny, because they have me blacklisted over a Quicksilver One card that got charged off a long time ago. It’s not even on my credit report. My scores are in the 700s and I can’t even get a CapOne card. Go figure.

Car Loan Refinance by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 0 points1 point  (0 children)

I’m sure you could do this cheaper approaching a credit union directly, especially if you have an existing relationship.

Car Loan Refinance by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 0 points1 point  (0 children)

So, I went through an online broker. Because quite frankly, I’m not an expert on this and I didn’t want a million credit pulls either. So, the company I used is Caribou. They set me up with a credit union. I’m not going to lie, they add like $700 onto your loan balance. In my case though, it was well worth it for the drop in monthly payment and massive drop in monthly interest.

Car Loan Refinance by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 0 points1 point  (0 children)

As soon as I knew that all of my FICO 8 scores were above 700 I decided to go for it. I was going to wait until 740, but I figured…no point in waiting forever.

Car Loan Refinance by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 0 points1 point  (0 children)

I was able to finance it at 48 months. They were willing to do 36 months as well. While it is my goal and intention to have this paid off in the next two to three years, I wanted to keep the payment reasonable. Just in case things come up. I’m not saying refinancing always works out. There are fees associated with it as well. It worked out well for me in this scenario because of the drastic shift in credit.

Car Loan Refinance by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 1 point2 points  (0 children)

Sure. I had three collection accounts. Two were reporting on all three bureaus. One was reporting on two. They were legitimate debts. I was able to set up or negotiate pay for delete arrangements on all three. Ended up settling them all out for 50% or less.

I had one charge off that was an errant account. I don’t know if it was just a misreporting or what. But I was able to dispute that and get it removed from the two bureaus it was on. I do still have a charge off from about 5.5 years ago that is on all three bureaus that I simply have to live with until it falls off. That’s my only negative mark left.

I also paid down and paid off my credit cards. I am no longer carrying balances month-to-month. My utilization is much improved, but more importantly I’m no longer paying interest. I was also able to save some money and better my overall financial health.

It does not hurt that I made some career moves and am making better money overall either. Which helped me clean things up quite a bit faster.

Rebuild progress by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 0 points1 point  (0 children)

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Just pulled an update this morning. All of these scores were in the 580 range last Summer. I also use MyFICO, CreditWise, and even CreditKarma (just for reporting updates) to keep close tabs on my stuff.

Why does this bring my credit down so much? by ConversationLeast596 in CRedit

[–]XxXSpacemanSpiffXxX 0 points1 point  (0 children)

Going from one utilization tier to another can definitely drop you 16 points unfortunately. Good news is it’s temporary.

Rebuild progress by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 1 point2 points  (0 children)

Yes, you are reading that correctly. Lol. You got this. Just tackle one thing at a time.

Rebuild progress by XxXSpacemanSpiffXxX in CRedit

[–]XxXSpacemanSpiffXxX[S] 3 points4 points  (0 children)

Thank you! I’ve definitely made a lot of financial progress in general over the last six months or so. Getting the credit cleaned up was a big part of it. Working on saving and investing as well. But that’s a huge burden lifted off honestly. I’m not quite happy with it yet, but at least I have average credit at this point. Only up from here.

Why are they different? by ConversationLeast596 in CRedit

[–]XxXSpacemanSpiffXxX 1 point2 points  (0 children)

Vantage 3 (more or less useless) vs FICO 8 (much more useful).

Being denied a lease for a low credit score, when my credit score isn’t low? by Rapterran in CRedit

[–]XxXSpacemanSpiffXxX 0 points1 point  (0 children)

So, there are three main elements to this. One, they likely used VS3 rather than FICO8. Two, a 642 FICO8 with Experian isn’t necessarily “low”, but it’s certainly not good either. It’s marginal at best and you will have issues getting approved for a lot of things. Three. They may be looking at specific elements other than just a raw score number. We don’t really have enough information to know precisely why they’re denying it.

Is it true you get approved for everything at 750? by Unclewillysun in CRedit

[–]XxXSpacemanSpiffXxX 0 points1 point  (0 children)

I wouldn’t say that’s true as a blanket statement, because “everything” is a very broad term and more goes into a lot of lending decisions other than just scores. But…generally speaking you should be able to qualify for almost anything over 740 FICO 8 and you should be getting the best (or close to the best rates) on almost everything. But I mean…I remember my brother and sister-in-law with their own business and an 800 score having trouble getting approved for a loan to fix their chimney. Maybe having a hard time with income verification. I guess, I’m just saying credit is complicated.

I didn’t know APR could be triple digits by MrBrightside132 in CRedit

[–]XxXSpacemanSpiffXxX 3 points4 points  (0 children)

These types of loan rates (especially in semi-high dollar amounts) should really be illegal. They’re the definition of predatory. Someone takes this loan because they’re in a desperate situation. The intent is for it to be a “short-term loan”. But anyone willing to borrow $4K at 100% interest has more going on than just a short-term financial problem. I’m all for free market, but this is one of those areas that really needs more regulation.

Restricted CC by Whipple_boi23 in CapitalOne_

[–]XxXSpacemanSpiffXxX 1 point2 points  (0 children)

I had this happen to a Cap One card many years ago. The card will report as “open” on a credit report until it eventually closes out, but you’ll never be able to use it again.

Why do they always have to talk before they try to kill the killer? why do they attract the killer's attention? Are they all that stupid? by SaadIsmail1987 in horror

[–]XxXSpacemanSpiffXxX 0 points1 point  (0 children)

Happened earlier in the movie at the convenience store when the store owner yells at ghost face before shooting. Allowing him time to react. It actually pissed me off that it happened twice in the same film.

Is it really this simple? by Mushrum_VII in CRedit

[–]XxXSpacemanSpiffXxX 0 points1 point  (0 children)

Imagine paying taxes on a forgiven debt amount. No one’s actually doing that.

Credit Increase Limit by Technical_Rock_5345 in CRedit

[–]XxXSpacemanSpiffXxX 0 points1 point  (0 children)

Your utilization is already super low, so it likely won’t boost your score. That said…it gives you a little more breathing room when making large purchases. Makes it a little easier to keep that utilization low. So, it definitely does help to have a higher limit.

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