so thats how it is eh bitch?

[darthvibrator]

so i went to go check my chase banking account and credit card (nice and easy on the same page). and i noticed my available balance on this card is $800. i was like "oh shit, i think someone just spent $700 of my money!" but then i see that my credit limit is also $800.

i payed my credit cards off completely a couple months ago, and they hoe slap me by lowering my credit limit as if im a bad dood.

felt like a fucking slap in the face. fuck you too bitch, fuck you.

[darthvibrator]

hmmm....

i would mail them a picture of your penis, or, do a goatse :goatse: and send it to them. but close ur account before u do it.

i cant.

1) my penis cannot be seen except when photographed with a macro lens

2) the reason it feels like i got hoe faced is because i dont want to close the credit card, so im kind of stuck.

id like to tell them to fuck themselves but i dont want a closed credit card fucking up my scorez.

[hoss]

They are doin it to everyone man.

Cant lose money if you dont loan it out.

I also read a news article earlier where a lot of credit card companies are bringing back an old policy of charging inactivity fees... Thats right, if you dont use it, they will charge you just for having the available credit... And if you have paid the card off, and keep the account open (like most people do so that it doesnt screw up your available credit to debt ratio) and dont even look at your statements becaues you arent using the card, then you will likely get a late fee...

Some cards have also started adjusting their APR's according to your card balance (lower balance is HIGHER APR...) in an attempt to get people to start spending so they can make more step four...

[hoss]

i cant.

1) my penis cannot be seen except when photographed with a macro lens

2) the reason it feels like i got hoe faced is because i dont want to close the credit card, so im kind of stuck.

id like to tell them to fuck themselves but i dont want a closed credit card fucking up my scorez.

Call them up, ask them what it is about. Tell them that you will start using the card regularly if they re-up your LOC.

Then use the card for gas or groceries or whatever, and pay it in full each month. This is a win win situation if the card has a rewards system, just use it RESPONSIBLY!! I use to do this all the time for gas and groceries. I had stellar credit, for a while...

[darthvibrator]

Call them up, ask them what it is about. Tell them that you will start using the card regularly if they re-up your LOC.

Then use the card for gas or groceries or whatever, and pay it in full each month. This is a win win situation if the card has a rewards system, just use it RESPONSIBLY!! I use to do this all the time for gas and groceries. I had stellar credit, for a while...

i use it all the time. its gets $100 every 2 weeks put on it and i pay it off a day or two after the money is put on it. its not like i havent used it.

i wonder if capital one is gonna hoe face me too.

[bigtoyota479]

i use it all the time. its gets $100 every 2 weeks put on it and i pay it off a day or two after the money is put on it. its not like i havent used it.

i wonder if capital one is gonna hoe face me too.

Capital One? You mean you haven't had your rates jacked through the fucking roof yet? Fuck those people, than can lick me where I shit.

[hoss]

i use it all the time. its gets $100 every 2 weeks put on it and i pay it off a day or two after the money is put on it. its not like i havent used it.
Oh, well damn... I really wouldnt worry too much about it TBH. Given the entire economic situation, credit is really going to play a minimal role in our lives for a long time to come, and then the books on credit will probably be completely re-written. Lending practices have been changed for a long time to come, and also so have the ways that some credit figures affect you. All banks are tightening their practices, interest rates are higher, credit lines are slimmer, and creditors are more discerning. Most banks right now are focusing more on getting money back, than letting money go. If you are in debt right now, you have more leverage than those who are trying to borrow... And that is backwards, but banks are willing to settle for less money, just to cover their investments.

i wonder if capital one is gonna hoe face me too.

Most likely. But see the above statement, I wouldnt put a lot of worry into it. It's not really your fault, they are just scrambling and doing every CYA move they can.

[bigtoyota479]

Actually, the government is frowning quite heavily on a lot of CC companies right now for jacking rates and limits around before all these new laws go into effect. I wouldn't be surprised if some of this shit gets reversed because the CC companies are being douchebags.

[Hairyballzonya]

thats why i dont have a CC

No, you dont have a credit card because you dont have a job. You have crappy credit and are pretty much a loser. But besides that, I dont know why someone wouldnt loan you money.

[darthvibrator]

Capital One? You mean you haven't had your rates jacked through the fucking roof yet? Fuck those people, than can lick me where I shit.

i dont even look at my rates since i payed it off. theyve been pretty helpful to me when i needed it (ie, getting jacked online and so on, on two occasions).

Oh, well damn... I really wouldnt worry too much about it TBH. Given the entire economic situation, credit is really going to play a minimal role in our lives for a long time to come, and then the books on credit will probably be completely re-written. Lending practices have been changed for a long time to come, and also so have the ways that some credit figures affect you. All banks are tightening their practices, interest rates are higher, credit lines are slimmer, and creditors are more discerning. Most banks right now are focusing more on getting money back, than letting money go. If you are in debt right now, you have more leverage than those who are trying to borrow... And that is backwards, but banks are willing to settle for less money, just to cover their investments.



Most likely. But see the above statement, I wouldnt put a lot of worry into it. It's not really your fault, they are just scrambling and doing every CYA move they can.

you're right though. if i got less credit limit, im kind of better off in the long run i guess since i cant run up $1500 on the card.

[Hairyballzonya]

Call them up, ask them what it is about. Tell them that you will start using the card regularly if they re-up your LOC.

Then use the card for gas or groceries or whatever, and pay it in full each month. This is a win win situation if the card has a rewards system, just use it RESPONSIBLY!! I use to do this all the time for gas and groceries. I had stellar credit, for a while...

This is the truth, I work for a bank and sell alot of credit cards. As long as you use the card one time a year then you dont get an inactivity fee.

[darthvibrator]

Actually, the government is frowning quite heavily on a lot of CC companies right now for jacking rates and limits around before all these new laws go into effect. I wouldn't be surprised if some of this shit gets reversed because the CC companies are being douchebags.

im just a sour tit because niggas with mula do whatever they fuck they want. fuck.

[Hairyballzonya]

Apply for a new card or call and ask them to review your limit.

[darthvibrator]

This is the truth, I work for a bank and sell alot of credit cards. As long as you use the card one time a year then you dont get an inactivity fee.

sell credit cards? hustla!

[Hairyballzonya]

You must not have great credit or must not be very established yet. Are you young? I am 26 and have 2 credit cards. One has a 12,500 dollar limit and the other has a 9,000 dollar limit.

[bigtoyota479]

im just a sour tit because niggas with mula do whatever they fuck they want. fuck.

Hey, I'm pissed off right with ya dood. Unfortunately right now, the only thing you can do is go shopping for a new card or two. Also, ditch those big assed credit companies and get a card with your local bank or Credit union. They typically offer lower rates, no fees, and less bullshit. :fyi:

[Hairyballzonya]

Hey, I'm pissed off right with ya dood. Unfortunately right now, the only thing you can do is go shopping for a new card or two. Also, ditch those big assed credit companies and get a card with your local bank or Credit union. They typically offer lower rates, no fees, and less bullshit. :fyi:

Yeah and they arent accepted anywhere.

[Hairyballzonya]

You are limited to credit cards really, its either Visa, Mastercard, Discover, Amex.

[bigtoyota479]

Yeah and they arent accepted anywhere.

If they have the Visa or Mastercard logo on them like mine do, you bet your ass they are.

[Hairyballzonya]

It is still or Visa or Mastercard then.

[Hairyballzonya]

Just has your banks name on it.

[bigtoyota479]

It is still or Visa or Mastercard then.

Yeah, but the interest rates and other add on bullshit is typically less with a smaller bank or credit union. That's all I'm saying. Large companies like Chase or Capital One like to fuck with you, because they can and there's nothing you can do. Smaller banks still value your business and will treat you accordingly.

[Hairyballzonya]

I dont know they all are cut throat.

[Hairyballzonya]

As long as you pay your card off each month then your money.

[hoss]

Actually, the government is frowning quite heavily on a lot of CC companies right now for jacking rates and limits around before all these new laws go into effect. I wouldn't be surprised if some of this shit gets reversed because the CC companies are being douchebags.
Yup, with the obama administration he is most likely going to overturn all this stuff, because it flat out is unethical... I mean, people who can barely make their payments are getting punished because they want to make more money off of the few people who can make their payments... So pretty much, if you can and do make your payments (minimum payments or slightly above and still paying finance charges) you get punished for the people who are not making their payments... Interest rates are going up so they can cover their losses...

I am sorry, for the credit card companies, but that was your gamble, you gambled on loaning money and people paying you back, and you lost. Dont take it out on the honest people...
you're right though. if i got less credit limit, im kind of better off in the long run i guess since i cant run up $1500 on the card.
Exactly right, it limits you, and like I said, the figures they used to look at are not exactly the standard anymore. A lot has changed in the past few years...
im just a sour tit because niggas with mula do whatever they fuck they want. fuck.
The current pres is working to put a stop to that, which seems to be one of his few strong points. I am not all about "giving it back to the people" like most of his supporters are... But it all starts with limiting what they are able to do... Punishing those who cant make their payments at the time is kinda like punishing a baby for crying. It's not neccisarily thier fault.

[bigtoyota479]

Well, if you read the fine print in most credit contracts, there is usually a statement about being able to skip some payments or have them reduced in the case of lost income or other events. All it takes is a call to the CC company and a talk with a rep. Really, there is no excuse for not being able to make payments. Other than predatory lending and ignorant fucking Americans, that is. Lol.

[Hairyballzonya]

Well, if you read the fine print in most credit contracts, there is usually a statement about being able to skip some payments or have them reduced in the case of lost income or other events. All it takes is a call to the CC company and a talk with a rep. Really, there is no excuse for not being able to make payments. Other than predatory lending and ignorant fucking Americans, that is. Lol.

You have to sign up for that and it costs money.

[bigtoyota479]

Yup, with the obama administration he is most likely going to overturn all this stuff, because it flat out is unethical... I mean, people who can barely make their payments are getting punished because they want to make more money off of the few people who can make their payments... So pretty much, if you can and do make your payments (minimum payments or slightly above and still paying finance charges) you get punished for the people who are not making their payments... Interest rates are going up so they can cover their losses...



No, you misunderstood me. What I meant was that they were going to get tougher on the laws that restrict the CC companies from jacking the people around and raising interest rates on a whim. In other words, they want the CC companies to eat their mistakes and not take it out on us. They go into effect in January, but the CC companies are fucking with us now. I meant that they were considering reversing all the shit the CC companies have done now, because it's bullshit.

[bigtoyota479]

You have to sign up for that and it costs money.

Maybe with your lender, but not with my wife's or mine. It's part of the card and a reward for having good credit. Doesn't cost us a dime.

[Hairyballzonya]

Doubtful.

[Hairyballzonya]

What is your APR Yota?

[hoss]

Well, if you read the fine print in most credit contracts, there is usually a statement about being able to skip some payments or have them reduced in the case of lost income or other events. All it takes is a call to the CC company and a talk with a rep. Really, there is no excuse for not being able to make payments. Other than predatory lending and ignorant fucking Americans, that is. Lol.

You have to sign up for that and it costs money.
This. Have the option on a few cards, and first 30 days are free, after that, it is a fee that is defered and added to the balance. It is your call whether or not it is more/less than the late charges.
No, you misunderstood me. What I meant was that they were going to get tougher on the laws that restrict the CC companies from jacking the people around and raising interest rates on a whim. In other words, they want the CC companies to eat their mistakes and not take it out on us. They go into effect in January, but the CC companies are fucking with us now. I meant that they were considering reversing all the shit the CC companies have done now, because it's bullshit.

Sounds like I understood you perfectly... I was saying it was the CC companies faults for their loose lending policies, and now instead of penalizing everyone (IE those who make their payments) they should eat their losses and not pass it on to those who are still working to pay off their debts.

[darthvibrator]

You must not have great credit or must not be very established yet. Are you young? I am 26 and have 2 credit cards. One has a 12,500 dollar limit and the other has a 9,000 dollar limit.

not very established is what they called me, or not enough history or something. i got denied by every major bank on an autoloan during the cash for clunkers thing ( i must of got 10 envelopes all with a denial and the same reason). at the time i had a 700 score. 23 years old, only 2 credit cards, 1 for 1.5k and 1 for 2.5k. only money i owe is for a school loan.

[Hairyballzonya]

You need to get some more revolving accounts in your name and keep them in good standing.

[bigtoyota479]

This. Have the option on a few cards, and first 30 days are free, after that, it is a fee that is defered and added to the balance. It is your call whether or not it is more/less than the late charges.


Sounds like I understood you perfectly... I was saying it was the CC companies faults for their loose lending policies, and now instead of penalizing everyone (IE those who make their payments) they should eat their losses and not pass it on to those who are still working to pay off their debts.

Ah, sorry. I read your post differently than you wrote it apparently.

[hoss]

Debtors currently have the upper hand in negotiating anything ATM... Lenders will make just about any sacrifice they can to people willing to show that they are trying to make an effort to re-pay their debts.

If you owe money right now, you can nogotiate different payment amounts, financing rates, etc etc... People trying to borrow are in a tighter spot though...

[darthvibrator]

You need to get some more revolving accounts in your name and keep them in good standing.

dog i dont even know what a revolving account is

[hoss]

dog i dont even know what a revolving account is

Borrow, pay it off, borrow, pay it off. Like what you are doing now.

You use the card, but dont carry a balance month to month.

[darthvibrator]

Borrow, pay it off, borrow, pay it off. Like what you are doing now.

You use the card, but dont carry a balance month to month.

so i need to carry a balance month to month? or are you just expanding on your first statement?

[hoss]

Ah, sorry. I read your post differently than you wrote it apparently.

I think yo may have, I think the last line may have been confusing. I wasnt writing it to justify them covering their losses, just explaining why what they were doing was happening lol.

those bastards should take the losses and go under for all I care. Let a new batch of banks/lenders emerge. The old banks failed, if nationaly security wasnt at stake I say we shoulda let them fail. And in the end, we are still borrowing from other nations, WTF is the difference?

[bigtoyota479]

What is your APR Yota?

Chase just jewed us up to 10.9% on their card. I can't remember what Capital one is right now, 14-15% I think. Those fuckers piss me off. Our credit union cards are about 11%. No, our credit isn't perfect. After my car is paid off, my wife will be around 730-750 and I will be close to 700, so things should be better after that. Until then, we get to be buttraped wherever we go.

[hoss]

so i need to carry a balance month to month? or are you just giving an example of your first statement?

No no no lol. Revolving credit means you DONT carry a balance on it... It is exactly what you are doing.

And in fact, you can build revolving credit without ever spending any money... Take one card and get a cash advance, then take a second card and do a balance transfer, keep doing this over and over (making sure you are paying them off on time) and you build your credit score by using your revolving credit. The two banks just see that you pay the balance in full on time and you are a good borrower, and your score goes up.

Revolving credit means you borrow but dont pay any fees.

[_AnGeL_]

i am just starting to get credit :crap: i only has one cc with a limit of 300 :keke:

[slim8605]

i am just starting to get credit :crap: i only has one cc with a limit of 300 :keke:

I started with 500... wish they would have kept it there :crap:.They kept raising it so I kept spending. I'm still digging myself out of a hole. Luckily I'm ballin' n shit now so I'm not too far from paying them all off.

[_AnGeL_]

iirc, they should be increasing my limit to 750 after i make this next payment on it. ima try to pay it off tho...

[Toasted1]

I hear you bro, my one card got hit by 1/3 a few month ago after 12+ years off on time payments.

Mine if for emergencies only in the event I don't have it in cash or can't withdraw it from the ATM ($300/day max per card) so as long as I can have 3-4k available I am straight. Don't plan on ever really having the need to really use credit if I don't need to.

[Hairyballzonya]

Its good to use each card every once in a while then pay it off that month. It stops inactivity fee's and shows the account is active.

[UCP]

They just raised one of mine... the one I don't use....

[Spider Monkey]

so i went to go check my chase banking account and credit card (nice and easy on the same page). and i noticed my available balance on this card is $800. i was like "oh shit, i think someone just spent $700 of my money!" but then i see that my credit limit is also $800.

i payed my credit cards off completely a couple months ago, and they hoe slap me by lowering my credit limit as if im a bad dood.

felt like a fucking slap in the face. fuck you too bitch, fuck you.

I close the cards that do that.

[fbi90909]

3 cards.
7,000 total credit limit.
3,500 in debt on 2 cards.

I got good credit. Hopefully when they are paid off Incan look into buying a house.

[slim8605]

3 cards
16500 limit
7gs in debt spread between the 3.

Probably won't be paid off until the summer if my gf doesn't find another job :crap:

[fbi90909]

3 cards
16500 limit
7gs in debt spread between the 3.

Probably won't be paid off until the summer if my gf doesn't find another job :crap:

I'll give her a job,
sucking my dick for minimum wage
course it'll take many days for her to even aquire an hour though :p

[slim8605]

I'll give her a job,
sucking my dick for minimum wage
course it'll take many days for her to even aquire an hour though :p

:hahaha:

[_AnGeL_]

oh, last time i checked my credit report there was a bunch of shit on there that wasnt mine. i called up experian and told them wtf was up and they didnt know how that shit got on there....

the rep was like are you sure its not yours, i was look fucker, that line of credit was opened in 94... unless they give out credit to 5 year olds it isn't mine. :fyi: and then he transferred me to some special department, and the bishes told me to send in a copy of my credit report with what ever isnt mine circled and a copy of my ss.... i have yet to send it to them :crap: my credit score was 690 with them, which i find unpossible as i am just starting to establish my credit.

[hoss]

I close the cards that do that.

Shooting your self in the foot with that method bro...

[Hairyballzonya]

holy fucking shit

Holy shit what? That is pretty normal rates, I dont expect someone that can only get a secured credit card to know this though.

[Spider Monkey]

Shooting your self in the foot with that method bro...

They need me more than I need them.

[slim8605]

oh, last time i checked my credit report there was a bunch of shit on there that wasnt mine. i called up experian and told them wtf was up and they didnt know how that shit got on there....

the rep was like are you sure its not yours, i was look fucker, that line of credit was opened in 94... unless they give out credit to 5 year olds it isn't mine. :fyi: and then he transferred me to some special department, and the bishes told me to send in a copy of my credit report with what ever isnt mine circled and a copy of my ss.... i have yet to send it to them :crap: my credit score was 690 with them, which i find unpossible as i am just starting to establish my credit.

Had the same shit happen to me. I checked my shit about 4-5 years ago and I had some stuff on there from when I was like 12 in a state I had never even visited let alone lived in (Florida). I wrote a letter to them with proof and they cleared it off.

[_AnGeL_]

werd. i have more than 10 accounts on there that arent mine.... i only has my one cc and a cc to a store. i really need to get that shit cleared up :crap:

[slim8605]

Stop being lazy. Get to it!

[_AnGeL_]

meh... i have to print off a new credit report cuz the one i had got all fucked up son... i'll probably just call and get them to send me a copy. i have to call anyway, i dont remember what all they wanted. :crap:

[Sex Cells]

dog i dont even know what a revolving account is

http://en.wikipedia.org/wiki/Credit_card

just read the fucking article, okay?

[bluecar]

I have no idea what my APR is...my limit is ~$7.5k

[slim8605]

No black cards ITT?

[_AnGeL_]

u iz black, and u haz a card therefore, u = black card.

[slim8605]

Makes sense to me!

[_AnGeL_]

werd.

[J31Bro]

thats why i dont have a CC

I have a strong feeling this is in fact NOT why you don't have a credit card.