10.16.2002, 20:23
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Join Date: Jul 2002
Posts: 213
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Re: Boosting scores for mortgage app
Quote:
Originally posted by Quixote
I'm done answering GF's damned questions; in this or any other thread. There's not enough hours in the day...
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Amen.
__________________
Billy Bunter
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'I wasn't worth a cent two years ago, and now I owe two millions of dollars.' -- Mark Twain
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10.16.2002, 20:23
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Banned
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Join Date: Apr 2001
Posts: 851
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Re: Boosting scores for mortgage app
Quote:
Originally posted by breeze
Seems to me, it's not "people" - it's Quixote. Greg hasn't gone after anyone else, to my knowledge. Not that my knowledge is all-encompassing. It appears to me that Greg has an axe to grind with one person in particular.
One of my favorite people, actually. ;)
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Mine, too. He has a rare set of characteristics: Subversive, yet articulate. Conversations with about anyone else end in flames.
I'm trying to understand the mindset of the majority of the members: Doing things like disputing accounts they know full well are theirs just because they don't like the credit file they created for themselves.
You said, "This board is no-hold-barred-use-their-own-weapons-against-them (the courts and the law)."
Certainly there's a limit to that premise. But, why would someone go to such an extreme-- desperation? Are they so jaded that they think the credit reporting system is so screwed-up that real accuracy is impossible, so they just throw in the towel and join the dark side?
The manifestation bores me. I wonder about the spark; the original motivation.
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10.16.2002, 23:24
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Join Date: Feb 2001
Posts: 8,010
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Re: Boosting scores for mortgage app
You got it Greg. We just don't like it. This board is about credit repair. We dispute, write letters, ask, threaten, sue, you name it.
The picture is much bigger than the one you are painting.
Quote:
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I'm trying to understand the mindset of the majority of the members: Doing things like disputing accounts they know full well are theirs just because they don't like the credit file they created for themselves.
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10.17.2002, 00:06
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Senior Member
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Join Date: Jul 2002
Posts: 490
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Re: Boosting scores for mortgage app
Quote:
Originally posted by G. Fisher
Are they so jaded that they think the credit reporting system is so screwed-up that real accuracy is impossible, so they just throw in the towel and join the dark side?
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If I may be so bold as to answer this question for the group, yes this credit reporting system is so screwed up that real accuracy is at the least very near impossible. When one group is allowed to place anything on anyone’s credit report and it is taken as fact until the party described in that credit report disputes the validity of that information. And even then the person who’s report is not accurate is forced through a litany of hoops to simply get the information reported correctly this system is set up under guilty until proven innocent mindset.
Greg you are the almighty preacher of accuracy, do you dare to espouse that all three of your credit reports are one hundred percent accurate? Has every trade you have made in the last seven years reflected completely correct? And are the balances shown on your revolving accounts absolutely correct?
If the banks and lending institutions can use these inaccuracies to their advantage, i.e. higher rates, or closing accounts of good customers based on credit reports not on account history. Tell me why we ask participants in this flawed system should not take the same advantages when we find opportunity?
As a Sales Manager once told me, when I was selling cars for a living “are you selling or buying? You need to figure out whose side you want to be one because you can’t be on both!” I would like to ask you to do the same you are obviously articulate and most likely intelligent and could prove yourself a valuable resource to this community, why do you insist on wasting your time and the time of members of this board attacking the tactics of others? If you do not agree with someone’s methods, you should simple not employ those methods. I beseech you to stop being so antagonistic.
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10.17.2002, 01:02
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Senior Member
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Join Date: Jul 2002
Posts: 1,289
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Re: Boosting scores for mortgage app
Quote:
Originally posted by G. Fisher
Mine, too. He has a rare set of characteristics: Subversive, yet articulate. Conversations with about anyone else end in flames.
I'm trying to understand the mindset of the majority of the members: Doing things like disputing accounts they know full well are theirs just because they don't like the credit file they created for themselves.
You said, "This board is no-hold-barred-use-their-own-weapons-against-them (the courts and the law)."
Certainly there's a limit to that premise. But, why would someone go to such an extreme-- desperation? Are they so jaded that they think the credit reporting system is so screwed-up that real accuracy is impossible, so they just throw in the towel and join the dark side?
The manifestation bores me. I wonder about the spark; the original motivation.
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Greg,
Regardless of the laws that say if the CRA/creditor doesn't respond within 30 days, the CRA MUST delete.
Let me ask you a question.
Have you ever disputed a negative tradeline because the balance, date opened, etc. was incorrect?
Did the CRA ever delete the negative acct. because they were unable to verify?
If so, did you fight as hard for the ACCURATE yet negative account to be re-entered on to your credit report?
If not, you are as big a hypocrite as anyone else, maybe more so.
And on a somewhat related side note. The laws of the great country you live in, were set up in such a way for those in power, THAT FOLLOWING THE LETTER OF THE LAW WAS/IS MORE IMPORTANT THAN THE GUILT OR INNOCENCE OF THE INDIVIDUAL, NO MATTER WHAT THE CRIME.
Do you think that the lawmakers did not foresee consumers fighting to get 'legitimate' debts removed from their credit reports? Of course they did. But like most of our laws, it is the RESPONSIBILITY of those that hold the REAL power to follow the letter of the law at a much higher standard than the average consumer. WHY? Because since the beginning of time, those with more power inevitably abuse those powers in favor of themselves.
THAT IS WHY AMERICA IS SO MUCH DIFFERENT THAN EVERY OTHER COUNTRY ON THE EARTH (although this is quickly changing).
Your aristocratic attitude about what is fair and right,(only according to you of course), does not fit this country, this time, or age.
Do you know the definiton of insanity--Doing the same thing over and over, expecting a different result. Your arguments are lost on anyone on this board, so why do you continue to beat your head against the rock of our 'immorality.' You are acting irrationally and insane.
Just think if you used all your intelligence and time helping people instead of focusing on "accurate" reports.
When you die, do you want people to say, "Greg, boy, he sure worked hard at getting credit reports accurate, but he was sort of an ass while doing it." or "Greg, he will be missed. The love and caring he showed to others inspired me to spread that same kindness to everyone i met. He was somebody i will never forget."
humblemarc
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10.17.2002, 01:03
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Senior Member
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Join Date: Jul 2002
Posts: 1,289
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Re: Boosting scores for mortgage app
Quote:
Originally posted by G. Fisher
Mine, too. He has a rare set of characteristics: Subversive, yet articulate. Conversations with about anyone else end in flames.
I'm trying to understand the mindset of the majority of the members: Doing things like disputing accounts they know full well are theirs just because they don't like the credit file they created for themselves.
You said, "This board is no-hold-barred-use-their-own-weapons-against-them (the courts and the law)."
Certainly there's a limit to that premise. But, why would someone go to such an extreme-- desperation? Are they so jaded that they think the credit reporting system is so screwed-up that real accuracy is impossible, so they just throw in the towel and join the dark side?
The manifestation bores me. I wonder about the spark; the original motivation.
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Greg,
Regardless of the laws that say if the CRA/creditor doesn't respond within 30 days, the CRA MUST delete.
Let me ask you a question.
Have you ever disputed a negative tradeline because the balance, date opened, etc. was incorrect?
Did the CRA ever delete the negative acct. because they were unable to verify?
If so, did you fight as hard for the ACCURATE yet negative account to be re-entered on to your credit report?
If not, you are as big a hypocrite as anyone else, maybe more so.
And on a somewhat related side note. The laws of the great country you live in, were set up in such a way for those in power, THAT FOLLOWING THE LETTER OF THE LAW WAS/IS MORE IMPORTANT THAN THE GUILT OR INNOCENCE OF THE INDIVIDUAL, NO MATTER WHAT THE CRIME.
Do you think that the lawmakers did not foresee consumers fighting to get 'legitimate' debts removed from their credit reports? Of course they did. But like most of our laws, it is the RESPONSIBILITY of those that hold the REAL power to follow the letter of the law at a much higher standard than the average consumer. WHY? Because since the beginning of time, those with more power inevitably abuse those powers in favor of themselves.
THAT IS WHY AMERICA IS SO MUCH DIFFERENT THAN EVERY OTHER COUNTRY ON THE EARTH (although this is quickly changing).
Your aristocratic attitude about what is fair and right,(only according to you of course), does not fit this country, this time, or age.
Do you know the definiton of insanity--Doing the same thing over and over, expecting a different result. Your arguments are lost on anyone on this board, so why do you continue to beat your head against the rock of our 'immorality.' You are acting irrationally and insane.
Just think if you used all your intelligence and time helping and caring about people instead of focusing on "accurate" reports.
When you die, do you want people to say, "Greg, boy, he sure worked hard at getting credit reports accurate, but he was sort of an ass while doing it." or "Greg, he will be missed. The love and caring he showed to others inspired me to spread that same kindness to everyone i met. He was somebody i will never forget."
humblemarc
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10.17.2002, 11:25
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Senior Member
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Join Date: May 2002
Posts: 619
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Re: Boosting scores for mortgage app
I am w/ Calypso. Be careful of balance credits, they often look like regular balances on the report (inaccurate) and Citibank should be put away if you're trying to achieve an accurate score. They don't update regularly especially on EXP (inaccuracy again) and your rpt won't reflect your true debt status.
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10.17.2002, 21:33
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Banned
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Join Date: Apr 2001
Posts: 851
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Re: Boosting scores for mortgage app
Quote:
You got it Greg. We just don't like it. This board is about credit repair. We dispute, write letters, ask, threaten, sue, you name it.
The picture is much bigger than the one you are painting.
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I don't see any bigger. Please describe that picture.
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Greg you are the almighty preacher of accuracy, do you dare to espouse that all three of your credit reports are one hundred percent accurate? Has every trade you have made in the last seven years reflected completely correct? And are the balances shown on your revolving accounts absolutely correct?
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No. I don't know. Yes.
But that does bring up the point that nobody wants to show the evidence? Why?
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If the banks and lending institutions can use these inaccuracies to their advantage, i.e. higher rates, or closing accounts of good customers based on credit reports not on account history. Tell me why we ask participants in this flawed system should not take the same advantages when we find opportunity?
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If you say "two plus two equals: A) 3, or B) 5," how am I supposed to answer? The premise of your question is off. If it is so widespread without them getting caught, prove it.
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As a Sales Manager once told me, when I was selling cars for a living “are you selling or buying? You need to figure out whose side you want to be one because you can’t be on both!” I would like to ask you to do the same you are obviously articulate and most likely intelligent and could prove yourself a valuable resource to this community, why do you insist on wasting your time and the time of members of this board attacking the tactics of others?
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I don't take lessons from sales managers, of all people. I'll make comments on anything I wish. I find it amusing that my lone voice elicits such fervor.
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If you do not agree with someone’s methods, you should simple not employ those methods. I beseech you to stop being so antagonistic.
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I can't remember ever being beseeched.
"Should"? Says who?
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Have you ever disputed a negative tradeline because the balance, date opened, etc. was incorrect?
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No.
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Did the CRA ever delete the negative acct. because they were unable to verify?
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N/A.
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If so, did you fight as hard for the ACCURATE yet negative account to be re-entered on to your credit report?
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N/A.
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If not, you are as big a hypocrite as anyone else, maybe more so.
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Incorrect. You haven't done your demagoguery homework. See http://creditaccuracy.com/0002.htm . Pay attention.
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Do you think that the lawmakers did not foresee consumers fighting to get 'legitimate' debts removed from their credit reports? Of course they did.
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I'll answer for myself, please. Of course they did.
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But like most of our laws, it is the RESPONSIBILITY of those that hold the REAL power to follow the letter of the law at a much higher standard than the average consumer.
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I don't see that written anywhere.
Moot.
Quote:
Because since the beginning of time, those with more power inevitably abuse those powers in favor of themselves.
THAT IS WHY AMERICA IS SO MUCH DIFFERENT THAN EVERY OTHER COUNTRY ON THE EARTH (although this is quickly changing).
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So, which one is it? You're on the fence. Get off.
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Your aristocratic attitude about what is fair and right,(only according to you of course), does not fit this country, this time, or age.
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Aristocratic? What in the world are you talking about? You're going to have to expound on that one.
Ya throw up a $25 web site and they start callin' ya a snob. Goodbye, cruel world!
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Do you know the definiton of insanity--Doing the same thing over and over, expecting a different result. Your arguments are lost on anyone on this board...
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I can't help that they and you don't get it.
http://consumers.creditnet.com/strai...022#post223022
http://consumers.creditnet.com/strai...173#post253173
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... so why do you continue to beat your head against the rock of our 'immorality.'
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Please show me where I used the word immoral or any of its forms. I like facts; I'm not into rubbery subjective judgments with wiggle room.
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You are acting irrationally and insane.
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Get real, Doc. Psychoanalysis on an Internet message board-- I've seen it all, now.
Patient: Doc, I think I'm crazy.
Psychiatrist: Yes, you are.
Patient: I want a second opinion.
Psychiatrist: OK. You're ugly, too.
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Just think if you used all your intelligence and time helping and caring about people instead of focusing on "accurate" reports.
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The two are not mutually exclusive.
Specialization is effective.
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When you die, do you want people to say, "Greg, boy, he sure worked hard at getting credit reports accurate, but he was sort of an ass while doing it." or "Greg, he will be missed. The love and caring he showed to others inspired me to spread that same kindness to everyone i met. He was somebody i will never forget."
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Oh, buh-ruther.
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10.17.2002, 22:58
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Senior Member
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Join Date: Feb 2001
Posts: 8,010
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Re: Boosting scores for mortgage app
Greg, I don't know what you're trying to accomplish, if anything. Sorry, but from this point on you are on ignore. Talk away.
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10.19.2002, 08:24
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Senior Member
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Join Date: Aug 2001
Posts: 1,386
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Re: Boosting scores for mortgage app
One danger of the approach I outlined is that many lenders will pull your credit a second time right at the end of escrow, just before funding, as a QC measure. Ask me how I know. Fortunately, as I said earlier, my scores still support the qualification, so no worries. But, that could really bite you in the butt.
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10.19.2002, 10:15
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Senior Member
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Join Date: Apr 2001
Posts: 1,090
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Re: Boosting scores for mortgage app
Quote:
Originally posted by Lizardking
Here is my tip for boosting your score real quick for a big loan you are expecting. This will work assuming you have a mostly clean report of other negatives.
The past 2 months I have been getting my credit report(s) ready for when I apply for my mortgage next month.
To absolutely maximize your score, the best thing you can do in the short term is to pay down credit card revolving balances.
The problem is that even if you pay off the balance in full, the credit card reports the balance that was on there at the closing of the statement. So if you charge $2,000 and pay it off as soon as you get the bill, your report still shows $2,000 in revolving debt.
The trick is to pay off the account prior to the statement closing. This will cause the satement to close with a $0 balance and the report to list $0 in revolving debt.
I did this last January prior to a car lease and it boosted my Experian score from 714 to 762 by merely getting my revolving debt down from $3,000 to $250.
I have been paying off all of my balances prior to the statement closing for two months now just to give myself a cushion in case they don't report each month.
I have Equifax up to 742 and Experian up to 730.
The ONLY debt on my reports right now is my wife's auto lease with $17,300. It is from Jan 2002.
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Lizardking
This is an excellant technique. The important thing to remember though is to pay before the cycle closes. Keep your debt ratio low and your FICO score stays high. Also, and this is VERY important to remember, DO NOT buy anything on credit nor apply for credit between the time you apply for a mortgage and the time that you close. It is common practice for mortgage lenders to pull credit either the day before of the day of closing to make sure there has been no material changes in your credit. Any inquiries after approval will require an acceptable explaination and if there have been alot of inquiries within the past year, underwriting many times will require that they be explained as well.
fla-tan
__________________
Remember renting is just like buying...Only for somebody else.
Professional Disclaimer: "Any advise that I provide concerning mortgages is generic only. You will need to speak with a mortgage professional about your specific situation"
insanity: doing the same thing over and over while expecting a different result
email is on
mortgage forum: http://www.creditboards.com/phpBB2/viewforum.php?f=9
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10.19.2002, 10:19
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Senior Member
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Join Date: Apr 2001
Posts: 1,090
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Re: Boosting scores for mortgage app
Quote:
Originally posted by msb212
Alternatively, you can also dispute the balance on EQ, which will remove it from the fico calulation, at least for 30 days. Only works for EQ, and only if you have high balances, and other tradelines. But for me, my score went up 36 points by disputing two credit card tradelines that are maxed out. I would love to follow the above strategy by don't have the funds to pay down the balances.
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msb
This will only work if you keep disputing until after the loan closes. Most mortgage lenders repull credit just before closing and if they see a material change, like debt ratio changing materially, then they can decline the loan even on the day of closing. This is a very risky technique and I have seen it bite people a couple of times (and I did warn them in advance not to try).
fla-tan
__________________
Remember renting is just like buying...Only for somebody else.
Professional Disclaimer: "Any advise that I provide concerning mortgages is generic only. You will need to speak with a mortgage professional about your specific situation"
insanity: doing the same thing over and over while expecting a different result
email is on
mortgage forum: http://www.creditboards.com/phpBB2/viewforum.php?f=9
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10.22.2002, 21:53
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Banned
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Join Date: Apr 2001
Posts: 851
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Re: Boosting scores for mortgage app
Quote:
Originally posted by fla-tan
Lizardking
This is an excellant technique. The important thing to remember though is to pay before the cycle closes.
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You support that kind of lying on your applications? In other words, if it isn't on the credit report, you don't expect it to be disclosed-- particularly if they are deliberately hiding it-- and, indeed, you know about it?
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10.23.2002, 05:15
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Senior Member
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Join Date: Apr 2001
Posts: 1,090
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Re: Boosting scores for mortgage app
Quote:
Originally posted by G. Fisher
You support that kind of lying on your applications? In other words, if it isn't on the credit report, you don't expect it to be disclosed-- particularly if they are deliberately hiding it-- and, indeed, you know about it?
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Greg
What "sort" of lying are you talking about? What I am saying, if it matters to you, is that using and paying down your credit card balances within the same cycle is an excellant technique to keep you debt ratio low. That IS NOT lying. Credit card companies allow a card user to do that.
Greg, I am not sure what your problem is, but what ever you are drinking or smoking you definately need to cut back on.
fla-tan
__________________
Remember renting is just like buying...Only for somebody else.
Professional Disclaimer: "Any advise that I provide concerning mortgages is generic only. You will need to speak with a mortgage professional about your specific situation"
insanity: doing the same thing over and over while expecting a different result
email is on
mortgage forum: http://www.creditboards.com/phpBB2/viewforum.php?f=9
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10.23.2002, 10:35
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Senior Member
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Join Date: Jul 2002
Posts: 490
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Re: Boosting scores for mortgage app
Quote:
Originally posted by fla-tan
Greg, I am not sure what your problem is, but what ever you are drinking or smoking you definately need to cut back on.
fla-tan
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fla-tan
I have seen you give some very good straightforward advice and I respect your opinion very much, but this is the first time you have totally cracked me up.
A lot of people have been wondering what is up with Greg, he seams to have a lot of aggression that he wants to take out on this board.
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10.23.2002, 11:48
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Join Date: Apr 2001
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Re: Boosting scores for mortgage app
Quote:
Originally posted by dep_tx
fla-tan
I have seen you give some very good straightforward advice and I respect your opinion very much, but this is the first time you have totally cracked me up.
A lot of people have been wondering what is up with Greg, he seams to have a lot of aggression that he wants to take out on this board.
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dep_tx
If Greg wants to attack me, I am right here and I don't believe in moving "backwards". My ethics are right out front for anyone to examine and I do believe they will stand up to any scrutiny.
fla-tan
__________________
Remember renting is just like buying...Only for somebody else.
Professional Disclaimer: "Any advise that I provide concerning mortgages is generic only. You will need to speak with a mortgage professional about your specific situation"
insanity: doing the same thing over and over while expecting a different result
email is on
mortgage forum: http://www.creditboards.com/phpBB2/viewforum.php?f=9
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10.23.2002, 19:52
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Banned
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Join Date: Apr 2001
Posts: 851
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Re: Boosting scores for mortgage app
Quote:
Originally posted by fla-tan
Greg
What "sort" of lying are you talking about? What I am saying, if it matters to you, is that using and paying down your credit card balances within the same cycle is an excellant technique to keep you debt ratio low. That IS NOT lying. Credit card companies allow a card user to do that.
Greg, I am not sure what your problem is, but what ever you are drinking or smoking you definately need to cut back on.
fla-tan
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I'm sorry, I didn't read it carefully. I thought you were responding to Quixote's scheme.
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10.23.2002, 21:30
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Senior Member
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Join Date: Apr 2001
Posts: 1,090
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Re: Boosting scores for mortgage app
Quote:
Originally posted by G. Fisher
I'm sorry, I didn't read it carefully. I thought you were responding to Quixote's scheme.
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Greg
apology accepted.
fla-tan
__________________
Remember renting is just like buying...Only for somebody else.
Professional Disclaimer: "Any advise that I provide concerning mortgages is generic only. You will need to speak with a mortgage professional about your specific situation"
insanity: doing the same thing over and over while expecting a different result
email is on
mortgage forum: http://www.creditboards.com/phpBB2/viewforum.php?f=9
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12.08.2002, 00:29
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Join Date: Sep 2002
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Re: Boosting scores for mortgage app
bump
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12.08.2002, 09:53
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Senior Member
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Re: Boosting scores for mortgage app
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