Exxon CEO says oil prices not yet hurting economy

Mar 102011
 

Bulltacos! You can tell he’s lying like a rug. I can’t imagine how he could convince himself the statement he made is true, never mind trying to convince US that it’s true! “Liar liar, pants on fire” You should run for public office! You’d fit right in!

Reporting timeline and frequency

Feb 282011
 

I know that credit card companies report balance shortly after the statement is created, however if a payment is made after the statement is there the possibility that the new lower balance will be reported instead? Secondly, will the cc companies report an updated balance upon customer request or is it only reported once a month? Last is it correct to say that fico score is updated at the end of the month or does it change as information is updated?

 

Basically I made my payment by the due date however I had extra that I wanted to pay after I got paid but I missed the statement deadline. Im trying to reduce utilization and see the effect on my score. Thanks for any info.

 

Two 30D lates go to 24Mo and CC reporting Q’s

Feb 252011
 

So I have two 30D lates reporting in Januray 2009 that after this months reporting will be pushed passed the 24 month mark. Should I see an increase in my score due to the aging of these lates? My midscore is with EQ at a 681 and the closer I can get to 700 (a guideline score for a loan I’m after) the better… Also, I have a Chase card the I have a balance on of $477 ($1200 limit). The due date for payment is March 1st but I only have $300 I can pay on it until March 3rd whicch is when I can PIF. Does Chase, or any other CC, report to the CRA’s the balance shown when the statement was cut or the balance owed the day of reporting? Basically I’m wondering if they’ll report the balance of $177 that will most likely be on the statement or the $0 balance which will be 2 days after payment is due…?

Wow Im shocked! Capital one increase.

Feb 082011
 

Ive had my capital one card for 7 months now.  Starting with a 500.00 credit limit.   I missed my payment in December by mistake, I was charged 15 for a late fee. And it showed up on my report twich.   The late fee  then put me over the limit.  So in January, I started reading Fico Forums, and noticed that in order to improve my credit I needed to get my card down to 9%.  So as soon as the statement posted I paid it down.  Not paying attention to when it was reported.  So then I found out about the reporting.  Needed the money before it reported again, but knew I was going to be paid again, so I charged it back up again.  But then paid it down to 9% 4 days before payment was due.  Waited until after the statement posting date.  So I go and check it today.   I did send them a email yesterday asking them If I had ever set up a cash advance pin.  Today is the day after my statement date.  And low and behold they raised my credit limit 250.00!  I didnt even ask, and I didnt think it would happen.  The only thing I can think of is because last month I made two payments totalling 825 so maybe they figure I could afford an increase?  Or maybe because Im over 6 months?  I would think with the late payment I had recently  they would never give it to me.  Im so shocked.  How will it affect my Fico score I wonder.  Although I did break down and open a orchard bank card last month.  So Im sure my score will go down a little.

Improving Credit Score

Feb 022011
 

I currently obtained my transunion FICO score.  It was 591.   My length of credit history, amount of new credit, and amount of debt are all rated very good.   My payment history is not good.   I have one charge of for $113 that will be removed in August of 2012.  I have 1 debt collection that I believe comes off in July of 2012 which was for $87.  I have 4 public records and one will come off in March and one will come off in February of 2012.    The other two will be off in 2014 and 2015.

 

What is the best and quickest way to improve my score.   I saw that it was hurting me by not having any credit cards so I applied for one at a local Credit Union.   I received a nonsecured card with a CL of $500.  I only asked for $500 because I didn’t know if I would be approved and I didn’t know if a higher limit would hurt me.  Just by doing that the FICO simulator said my score should jump to between 630-660.   I’m nervous about this card because I want to handle it properly and maximize my score.   How much should I  charge on a card with only a $500 CL or doesn’t it matter?  The day I receive the statement I will be sending in my payment so do I always pay it off or do I occasionally leave a little balance on there?  I was intending on asking them for a credit limit increase after maybe 9 months, is that  a good idea or would it be better to apply for a different card and have 2 cards?  Any suggestions or plans of action would be greatly appreciated

Paying CC balance down before statement closes

Dec 052010
 

Hello……Still new to the board and looking for help in rebuilding my credit. I’ve just learned that I can improve my score by improving my utilization percentage by paying down my balances on cc’s before statement closing dates so that they report the low balances to the credit bureau, but I’m a little confused about . I have several cards. I have 2 Capitol One’s, 1 Barclay (Juniper), 1 Best Buy (HSBC),  and Lowe’s and I have no idea when they report. So If 1  payment is due on like the 6th of the month, does that mean I should pay down to about a $ 10 balance on a card with a $ 500 credit limit like 3 days before the due date. Does it really matter the amount you pay as long as you don’t pay it down to $ 0? or do you pay according to the about you owe vs. the total credit limit you owe. One of my Capitol One cards now has a credit limit of $ 2250.00 and I owe $ 540 on it. So what should I pay? Thanks for any help.  P.S.. On the one with the $ 500 balance I owe $ 340.

 

 

 

 

 

 

TU;644EQ ;601; EX; 644

Capital One charge-offs

Oct 292010
 

I have two charged off accounts from 2006 on my credit reports from capital one.  My question is,  If they have already written off an account,  how can they continue to charge me interest and report the increasing balance on it every month?  These are not “late payment charges” on my statement, just showing interest.   Do they then write off the account every year for their tax benefits?  The original charge off amounts show amounts of 1041.00 and 941.00,  but the balances are now way over 4000.00. Is this common practice, and what, if anything can I do about it?

 

Thanks for the Input.

Remove date arriving – what should I do

Oct 242010
 

Hello all,

 

I have 8 items in collections, 1 from Amex for $4,500 and the rest for medical bills ranging $ 100 to $2,000. The 8 items all total around $9,500…

 

On my TransUnion report the $4,520 Amex says November 2011 for estimated removal date. The 2 big medical collections both are around $2,000 each and have removal dates of February 2015…

 

Although I have zero credit card debt, no mortgage or no auto loans right now, and I don’t estimate applyint or a loan/mortgage anytime soon, I’d stll love to fix my scores a bit.

 

Currently I have 3 credit cards that total around $5,000 credit limit, I utilize each of them around 20-30% every month and pay off the balances entirely before the statement cuts off…

 

My questions are:

 

Should I not worry about the Amex and let it get deleted in around a year?

 

If I call Amex regarding settling, does this somehow restart the countdown for removal from history?

 

The medical bills.., I’ve settled some older ones in the past for around %35-40 of their full amount, should I try this with these outstanding ones?

 

I realize settling is not as good as paying in full, but is it advisable? Especially with the $4,520 amex?

 

My goal is to pay no more than $2500-3500 for the entire $9,500 ?

 

Thanks a lot!

 

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