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prolesunited (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:18 PM Original message |
Credit crackdown -- is it hitting you? |
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aquart (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:20 PM Response to Original message |
1. What is prime? Minus zero? |
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robinlynne (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:22 PM Response to Original message |
2. the unfortunate answer is because they can. and they are greedy mother- |
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phantom power (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:32 PM Response to Reply #2 |
6. I think it might have to float with prime to be practical. |
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Iris (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:27 PM Response to Reply #2 |
17. for now they can, but some of the more egregious rules that were re-written in the Bush admin |
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ixion (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:23 PM Response to Original message |
3. yep, me too... same boat |
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HillbillyBob (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:25 PM Response to Original message |
4. They are doing it to everyone, B of A has not hit us yet, |
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safeinOhio (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:28 PM Response to Original message |
5. Drop your big bank cards |
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960 (676 posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:39 PM Response to Reply #5 |
32. Yes. That's what I'm doing. Closing all my old credit accounts and opened up a new CC |
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sinkingfeeling (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:33 PM Response to Original message |
7. No, I just moved $10,000 from Lowe's to Citi with a fixed until paid rate of 3.9%. |
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Iris (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:26 PM Response to Reply #7 |
16. I move some things as well at 0% and they keep wanting me to call them so they can give |
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prolesunited (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:11 PM Response to Reply #7 |
25. You can get low rates on the transfers |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:42 PM Response to Reply #25 |
33. Be very careful of the "convience" checks offered by CC companies. |
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JuniperLea (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:34 PM Response to Original message |
8. Yep |
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ProgressiveFool (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:45 PM Response to Original message |
9. yep, just got the letter from BofA (Bunch of Assholes) |
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MilesColtrane (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:18 PM Response to Reply #9 |
13. I got the same letter last week. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:46 PM Response to Reply #9 |
20. I'm the type BofA hates. |
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ProgressiveFool (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:21 PM Response to Reply #20 |
28. that will be my new way going forward |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 08:51 PM Response to Reply #28 |
41. Good idea and use their card's credit limit to dilute your total credit utilization. |
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AZ Criminal JD (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 05:43 PM Response to Reply #20 |
57. They don't hate you. Quite the opposite. |
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prolesunited (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:36 PM Response to Reply #9 |
30. Yup |
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dixiegrrrrl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:53 PM Response to Original message |
10. JP Morgan Chase Bank is being sued for bait and switch over CC offers. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 08:35 PM Response to Reply #10 |
40. Hate to say it, but I love my Chase CC. |
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progressoid (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:55 PM Response to Original message |
11. Yep - even one we don't use ( MBNA) |
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high density (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 09:07 PM Response to Reply #11 |
43. PenFed Credit Union Platinum Visa |
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county worker (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 03:57 PM Response to Original message |
12. Of course all those laid off people who are not able to pay the monthly payments |
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KT2000 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:21 PM Response to Original message |
14. Would someone tell me |
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ProgressiveFool (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:25 PM Response to Reply #14 |
15. well, if it's a small account, no problem |
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KT2000 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:46 PM Response to Reply #15 |
19. Thank you for the answer |
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Telly Savalas (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 06:50 PM Response to Reply #19 |
58. It's not so much the large credit pool but a low utilization that helps a credit score. |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:24 PM Response to Reply #15 |
29. debt to credit ratio.. the more credit avaliable, the lower percentage of DTC |
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prolesunited (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:38 PM Response to Reply #29 |
31. Easy to understand explanation |
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quiller4 (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 02:38 PM Response to Reply #14 |
53. Debt to available credit ratio changes. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:43 PM Response to Original message |
18. Actually...I am cracking down on them. |
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prolesunited (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 08:05 PM Response to Reply #18 |
38. I am living on unemployment right now |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 09:19 PM Response to Reply #38 |
44. Sorry to hear that and I understand on the meds. |
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The Velveteen Ocelot (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 04:52 PM Response to Original message |
21. They did it to me, too. |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:02 PM Response to Original message |
22. i'm calling my rep and senator -- |
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X_Digger (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:02 PM Response to Original message |
23. Nope, gave up CCs years ago. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:07 PM Response to Original message |
24. Very simple little game they're playing. |
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populistdriven (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:12 PM Response to Original message |
26. amazon visa lowered mine to prime plus 4.5% from 14 to keep me as a customer |
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pinniped (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:18 PM Response to Original message |
27. I'd rather take the hit to the stupid credit rating BS than pay more interest.... |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 05:54 PM Response to Reply #27 |
34. I think you could write an explanation letter to be included in your credit report |
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pinniped (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 06:17 PM Response to Reply #34 |
35. I do have to get financed for a car soon. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 06:31 PM Response to Reply #35 |
37. I don't think you'll have much to worry about on buying a car. |
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Mike 03 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 06:22 PM Response to Original message |
36. Lucky so far. Like you, I'm fortunate enough to have a very good credit score |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 08:22 PM Response to Reply #36 |
39. They have been increasing mine as well. |
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Mike 03 (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 05:08 PM Response to Reply #39 |
56. That's a great idea about asking to have your credit limit frozen. |
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high density (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 08:57 PM Response to Original message |
42. Got a rate increase notice from GE Money Bank (JC Penney card) |
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Political Heretic (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 09:24 PM Response to Original message |
45. I reject all credit. |
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Political Heretic (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 09:26 PM Response to Reply #45 |
46. One clarification: |
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dixiegrrrrl (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 01:38 PM Response to Reply #45 |
49. I applaude you. |
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rufus dog (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 09:32 PM Response to Original message |
47. I got my first call from Wells Fargo in almost a year. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-10-09 09:36 PM Response to Reply #47 |
48. Hehe. Tell them you want to be "quantitatively eased" and... |
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RebelOne (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 02:04 PM Response to Original message |
50. Fortunately, no. |
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alfredo (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 02:08 PM Response to Original message |
51. I had my limit dropped to $5,000. |
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quiller4 (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 02:33 PM Response to Original message |
52. In a mixed way. A department store card I no longer use |
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prolesunited (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 05:06 PM Response to Reply #52 |
55. Me too |
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Texasgal (1000+ posts) Send PM | Profile | Ignore | Sat Apr-11-09 02:42 PM Response to Original message |
54. I cut up all my credit cards two years ago. |
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