That Insurance Credit Card

[Pepper]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ceabee</div><div class="ubbcode-body">

what u planning? </div></div>

Me can't give away di full details of di plan...but it involves a spike heel shoe.

[Pepper]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">


one thing i have always had a problem with is the differential rates based on scores.

</div></div>

Why yuh have a problem with this?

[Dr.Dudd]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">yuh si if you carry any balance on yuh card and dem reduce the limit all of a sudden it look like you usng up more of your available credit and dat change your score </div></div>What do you think of the proposal tohave government have inspectoral division to monitor the masnipulation pf credit score,just as they do every other aspect of finance? </div></div>


first im hearing about it..let me go read up on it.


one thing i have always had a problem with is the differential rates based on scores.

</div></div>I don't knmow if it is online yet. An economics organization that I have been a grandfather in for decades,is planning to put it forwaed as one of th eproposals to improve the economic system,and make ir more transparent. as it is today no person hav eany control over their credir score, although your life may depend on having a good score.
So irresopective of what the government does to improve the system, unscruplus organizarions can overnight reduce your credit score just after they give you a large loan,jyst to make as much as they can pit of you.

[RichD]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Pepper</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">


one thing i have always had a problem with is the differential rates based on scores.

</div></div>

Why yuh have a problem with this? </div></div> i think it is punitive and does not take all factors into account.

[RichD]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">

yuh si if you carry any balance on yuh card and dem reduce the limit all of a sudden it look like you usng up more of your available credit and dat change your score </div></div>What do you think of the proposal tohave government have inspectoral division to monitor the masnipulation pf credit score,just as they do every other aspect of finance? </div></div>


first im hearing about it..let me go read up on it.


one thing i have always had a problem with is the differential rates based on scores.

</div></div>I don't knmow if it is online yet. An economics organization that I have been a grandfather in for decades,is planning to put it forwaed as one of th eproposals to improve the economic system,and make ir more transparent. as it is today no person hav eany control over their credir score, although your life may depend on having a good score.
So irresopective of what the government does to improve the system, unscruplus organizarions can overnight reduce your credit score just after they give you a large loan,jyst to make as much as they can pit of you.

yes they can change the rules any time

[Pepper]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"> i think it is punitive and does not take all factors into account.

</div></div>

That is a description of the entire credit score system. Credit card interest rate is just doing like all other creditors...lending based on that one magical number.

[RichD]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Pepper</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"> i think it is punitive and does not take all factors into account.

</div></div>

That is a description of the entire credit score system. Credit card interest rate is just doing like all other creditors...lending based on that one magical number. </div></div>

im talkign abotu the whole credit system ..i think everybody granted cedit shoudl start off on equal footing ..so if i go for a mortgage and qualify i should get the same rate as everybody else...now if i have problems paying then deal wid it at that point

[evanovitch]

Re: That Insurance Credit Card

i notice dat one of my statements seh 0 % dis month...i juss notice it dis time...but den mi pay di outstanding balance in full cause mi no like pay dem nutten..but since mi notice di 0% mi a wonda if it is new an is tru di almoss 0% whe di Fed set

[RichD]

Re: That Insurance Credit Card

typo

[seemiyah]

Re: That Insurance Credit Card

What is stopping her from getting a card with another company? Dem stop gi weh card like one time? Mi know people wid bad credit who still a open account now.

[Pepper]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: seemiyah</div><div class="ubbcode-body">What is stopping her from getting a card with another company? Dem stop gi weh card like one time? Mi know people wid bad credit who still a open account now. </div></div>

Nutten nah stop har. But there is a good chance that she might not get approved. Its hard to get credit these days...even for people with good credit. A credit application, with a denial, plus the now closed account. Dat would not be good.

She just mention it to me this morning, so I guess she will soon figure something out, or just ride out the credit storm and hope she nuh need no emergency credit.

[tsophra]

Re: That Insurance Credit Card

that happened to me..had not used the card in yrs..outa de blue dem write me tell me seh dem cancelling the card..i was like whatever :shrug: it does not affect myfico score but i don'y like that is says &quot;account closed by granter:

[Pepper]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Jaded</div><div class="ubbcode-body"> it does not affect myfico score but i don'y like that is says &quot;account closed by granter: </div></div>

You verfied that, or you are just assuming it doesn't since you didn't have a bad record with them?

[tsophra]

Re: That Insurance Credit Card

well..my account history shows a bunch of OKs (current) and NDs (no data disclosed). I'm pretty certain ND is not considered a negative indicator..

[Dr.Dudd]

Re: That Insurance Credit Card

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Jaded</div><div class="ubbcode-body">well..my account history shows a bunch of OKs (current) and NDs (no data disclosed). I'm pretty certain ND is not considered a negative indicator.. </div></div>Every lowered credit lilit and closed account reduce your FICO score. It takes some time before iy hets there,but as soon as the institution reports it,it will get there.