Credit poll.......

[DJDIGGLER]

Re: Credit poll.......

Furthermore another annoying point about credit I'd like to make. My wife beacon score was an 851. She's never paid anything late in her life. She went to school and had to open up a few credit accounts to pay her bills until she finished school. She still never paid anything late, and just because she was using a few different credit cards and some had higher balances they dropped her from an 851 to a 680. That's quite unfair considering she's never in her life paid anything late and still to this day had not.

So what if the balance is high, if daved150 is right and it's a good snapshot, then a high balance should not effect her score considering that she is known to pay perfectly!

[daved150]

Re: Credit poll.......

So you don't think that it is against your constitutional rights to have stuff thrown on your credit report without your knowledge or defense? Again that is your consitutional right. Why is everyone so quick to throw away their rights? Just because it's being done currently doesn't make it right. It just means it needs to be noticed and brought to light.

Oh and btw, all my payments on all my cards were perfect up until that point. So that isn't true.

I've dealt with literally no exaggeration about 30 different dealers over 5 years all guaranteeing that they are the best in the industry, and that they can get me a loan no problem. Not one of them came through.

Finally years later I got a loan only because I had a strong co-signer as the primary, and the dealer was Gambino. Not many people say no to them.

i was under the assumtion that you had very little, if any credit, and some sort of negative cell phone or phone company bill on your report. i dont know what your credit "high" was or the reporting length of what you had. i have not seen your bureau, so it's hard for me to discuss your individual situation. but, like i said, it is a good snap shot. and i dont think anybody is throwing away constitutional rights!! i dont think that when the constitution was written, anybody was thinking about their credit reports. i agree that banks and loan companies should make it more clear the you are intitled to your credit report for free so you can view and argue anything that you feel is incorrect. i also agree that there could be an easier way to deal with those in corrections. but, i dont think the report is a problem. (and i think that your co carried you. i doubt it had anything to do with "gambino", whoever he is). oh, we do have in house financing...you get a loan if i say you get a loan! it might not be for a 20k truck, but it will get you started! and i do talk to individuals most the time.
dj, i've had seriouse credit prob's in the past. i had 2 houses in forclosure, and was hiding my wife truck in the nieghbors garage!! i was young and bit off more than i could handle. i too had to get co's to help me start all over. it wasnt that i was a bad guy, and i did not take it personal. i knew that i was being judged by a piece of paper and not for the man i was. i got it all up to date, i paid it all off. i showed them the man i am, and now all is well in the hood. it's the way it is, and it wont change. it's easier to learn how to use it to your advantage than to ***** about it. it's a good tool, and 2,3 or 5 years from now, when youve set a track record, you'll be happy for that program. it's that program that got me 5% intrest on my house. it's the program that let's me flip credit cards around to 0% programs and step around the intrest! it's a program, that in the big picture, works!

[DJDIGGLER]

Re: Credit poll.......

I understand what your trying to say but your missing my point.

It is against our constitutional rights wether you want to admit it or not. Correct me if I'm wrong but we as american citizens are considered "Innocent until proven guilty". So when the credit bureau's use my SOCIAL SECURITY NUMBER to rate the type of person I am, it then becomes a federal matter and falls under that constitutional right. When they automatically take the word of a creditor as absolute fact, that is saying you are guilty. THAT ISN'T CONSTITUTIONAL. They are not allowed under our constitution to assume we are guilty and take someone's word on that. They must take us to court and prove we are guilty.

How can you honestly tell me that you don't see how it violates constitutional rights, when they assume you are guilty and don't let you defend yourself. Sure you can write, or call them, but 9 times out of 10 it does nothing. Usually the only way to get them off your report is to pay something you might not owe or get a lawyer, which you shouldn't have to.

The companies should be forced to take you to court in order to get a judgement against you and get it put on your report. That would then be constitutional. But them just taking someone else's biased opinion as fact against you is anything but constitutional!

[T-Man007]

Re: Credit poll.......

Make a big deal about it, start complaining to everyone you know, start rallying, start getting peoples signatures to alert each person to the facts, start protesting eventually others will follow. When enough people get fed up with it and the numbers are large enough congress will notice.

We've already made our voice be heard by kicking the republicans out of office. Now we need to let the Democrats know that they better take us seriously!

If you want to get rid of the IRS, then you should not have voted Democrat! LOL They love taxes, always have and always will. Now, you talk about the government trying to keep people in poverty, that is what the Dems want bro. Look at all the government provided crap they want Americans to get. They want Americans to depend on government. Republicans don't want Americans to depend on government, they want Americans to be successful so they can get more votes.

Look, if you are going to fight the IRS, you need to forget about the Dems helping you. Bush already propossed a bill to go with a National Sales Tax and you keep ALL of your payroll check. But, the Dems that you so much love, kicked it out. They want taxes but what their ignorance enables them from seeing is that a national sale tax would make more money than income taxes. Just think about it...you are in construction, rigth? How many cash under the table people work in that industry? A shitload. Illegal drugs is a multi billion dollar business, prostitution, illegal gambling, all these things create hundreds of billions of dollars that go untaxed. But, what if they got taxed at the register? Then these phukers would start to pay their fair share. You take the typical male who makes $50k a year without any kids and he takes home about $32.5k a year. Now, the thing to realize is you don't pay this tax on homes, you pay it on your everyday items. So, let's say all of this guy's retail spending is $15k a year. Ok, now at 7% sales tax that means the guy actually spends about $14k. If the national sales tax was 20% his spending would increase to $16.8k. But wait...he now has $50k in his pocket each year. So, even though his spending went up $1.8k a year, he still has an extra $15.7k in his pocket. It's not rocket science, it's simple statistics. Americans are going to buy, they just are. So, given them ALL of their money and get it back at the register. Besides, you really think these guys who make millions and millions a year are paying their whole amount? Hell no! One of my best friends father-in-law makes like a million a month. Seriously. However, he told my friend that when his accountant is done, he only pays taxes on about 25% of his income. That's phukin bullshit! This dude lives in the most expensive area of San Francisco, he has three planes, Bentleys, Yacht and all the other stuff that comes with it and isn't paying is fair share. But, you make that phuker pay 20% at the register and they will get way more money out of him than they do know. It's just a fact. Now imagine the numbers on drug dealers. They pratically pay nothing in taxes but spend like crazy.

Anyways, that's my thoughts.

[DJDIGGLER]

Re: Credit poll.......

Now that Tmann is an excellent idea for an answer to tax reform. It would definitely solve all problems in that area.

But my big gripe in this thread is credit bureau's. Noone seems to acknowledge that it is a problem and I wanted to see just how many people feel that the way it is being ran currently is in fact against their constitutional rights & Holds back all people that are trying to get out of a hole. I've got so many examples it would literally take me about an hour to type them, and I type 80+ WPM!

It just needs to be revamped.

About your remark on Democrats, it's not that I think they are almighty and never wrong. It's that they don't stomp on civil liberties as much. Republicans as of the inception of the Bush administration have become religous pushers. They try and push their religous beliefs into our laws. That's where my problem lies. I'm actually not a fan of Dems or Repubs but being that independents will never make it into office you need to take the lesser of two evils.

[solidground]

Re: Credit poll.......

the federal reserve has too much power as a private bank..if we want more financial freedom the congress must redirect power out of the federal reserve and into our government..On another note federal income tax is unconstitutional and you really don't have to pay it if you are a laborer. It's the biggest scam our goverment is behind.

[Klash]

Re: Credit poll.......

Now that Tmann is an excellent idea for an answer to tax reform. It would definitely solve all problems in that area.

But my big gripe in this thread is credit bureau's. Noone seems to acknowledge that it is a problem and I wanted to see just how many people feel that the way it is being ran currently is in fact against their constitutional rights & Holds back all people that are trying to get out of a hole. I've got so many examples it would literally take me about an hour to type them, and I type 80+ WPM!

It just needs to be revamped.

About your remark on Democrats, it's not that I think they are almighty and never wrong. It's that they don't stomp on civil liberties as much. Republicans as of the inception of the Bush administration have become religous pushers. They try and push their religous beliefs into our laws. That's where my problem lies. I'm actually not a fan of Dems or Repubs but being that independents will never make it into office you need to take the lesser of two evils.

Libertarians support the Fair tax (nationwide sales tax)!

[daved150]

Re: Credit poll.......

dj, the reason why your wife's credit rating went down is BECOUSE the balances went up. there was a higher likleyhood of her defaulting. i, again, assume she was young with a limited time reporting. so, again, there was no track record on how she would handle the increased balances. (young college student are probobly THE highest risk of default) would she be responcible or not. i know it's confussing the way it works, but you'd be much better off to read up on the system and use it to your advantage. it's not broken, so it wont be fixed. i'm not saying it dont need a band-aid here or there, but in general, if you know how to use it, it works.
also, the "innocent until proven guilty" thing dont apply to military personal, or your credit. if i'm loaning you money, i decide if i trust you...your not going to tell me i have to trust you!!! (by the way...i trust you, lol) i'm just saying, you dont have any constitutional rights to my money!
oh, and i wont aknowledge there's a problem with the current system, becouse i dont believe there is...sorry bro, cant agree with you all the time

[DJDIGGLER]

Re: Credit poll.......

dj, the reason why your wife's credit rating went down is BECOUSE the balances went up. there was a higher likleyhood of her defaulting. i, again, assume she was young with a limited time reporting. so, again, there was no track record on how she would handle the increased balances. (young college student are probobly THE highest risk of default) would she be responcible or not. i know it's confussing the way it works, but you'd be much better off to read up on the system and use it to your advantage. it's not broken, so it wont be fixed. i'm not saying it dont need a band-aid here or there, but in general, if you know how to use it, it works.
also, the "innocent until proven guilty" thing dont apply to military personal, or your credit. if i'm loaning you money, i decide if i trust you...your not going to tell me i have to trust you!!! (by the way...i trust you, lol) i'm just saying, you dont have any constitutional rights to my money!
oh, and i wont aknowledge there's a problem with the current system, becouse i dont believe there is...sorry bro, cant agree with you all the time

Again your missing the point. Yes innocent until proven guilty does apply to my credit score. First off laws of the constitution are laws of the country period. You can't bend the rules when you feel like it. The credit agency is assuming the consumers guilt and taking the creditors word as fact. That is unconstitutional. I don't care if you loaned me enough money to buy mars, this company that is using my FEDERAL social security number as my ID, has no right to assume I the consumber am a liar and you the creditor is all knowing and truthful. That's absolutely ludacris.

To deny the system isn't broken is being naive. You are being biased as a creditor because your job depends on it. For all of us citizens getting thoroughly shafted by this establishment, it's absolutely unfair and needs to be stopped.

You mention I don't have a right to borrow your money because it's your money. RIGHT! But you as a creditor don't have a right to just put whatever you feel like on my credit report because it's my report that seriously impacts MY LIFE! See what I'm saying now? Again if a creditor wants to go after someone for nonpayment & to put that on their report they should be required to take them to court. The court would then decide who is correct.

I know many would say that would tie up the courts, well fine then have specific courts that cater specifically to this. If the governement is going to spend $15,000 for a damn desk for admin assistants, then they have the money to open another court and revamp our credit system.

BTW, my wife had a full mortgage paid off by the time I mentioned, and had perfect credit history for nearly ten years. It's just the banks way of driving interest rates up to screw those in a bind. So what if she had high balances! People aren't allowed to go through a rough patch in their lives? Aslong as they pay as agreed I feel they have no right to drop her score. I feel that is very discrimintive. Sure they have a right to not offer her loans because she has high balances, but they do not have the right to drop her score so people try to screw her with interest rates.

Plus just so you know lower scores now reflect even your insurance payments now. So basically your saying it's ok for people to charge us more money if we are in a little bit of a rut. Wouldn't it be logical to assume that if someone is in a rut, charging them more money is going to dig them deeper, not help them get out of it? So if you look at it from that angle it's as if they purposely try to drive people into the hole in order to rape them with high rates.

[DJDIGGLER]

Re: Credit poll.......

I meant consumer not consumbar. That's what happens when you type at a million words per minute. Sorry

[Lily]

Re: Credit poll.......

I have a headache now....LOL

I have a friend that does not pay income taxes, hasn't for years....he got a lawyer and filed all these papers, got his social and name out of the system and has also gotten out of several ticket charges for an unregistered car just from spouting some law to the cop....he keeps sending me stuff on it...I should pass it along to anyone interested.....it is very interesting reading....you have to really watch your step with this though from what I understand....

[DJDIGGLER]

Re: Credit poll.......

I have a headache now....LOL

I have a friend that does not pay income taxes, hasn't for years....he got a lawyer and filed all these papers, got his social and name out of the system and has also gotten out of several ticket charges for an unregistered car just from spouting some law to the cop....he keeps sending me stuff on it...I should pass it along to anyone interested.....it is very interesting reading....you have to really watch your step with this though from what I understand....

I'm interested. Pm me a link if you have one. Thanks Lily!

Your right about having to watch your step though. The bush administration with his 'Patriot Act' have now made it so any time you do anything that is seen as a 'terrorist' you lose all of your constitutional rights. Normally I wouldn't have a problem with that. That is until I saw what they categorized a 'terrorist' in many different pamplets distrubuted amongst government agencies across the USA.

They say anyone that is being searched without probable cause, that mentions it is their 4th amendment right to not be searched without probable cause is considered a 'terrorist'.

Anyone wearing blue levi jeans and a white shirt is a 'terrorist'.

And there were a few others that were ridiculous that I forgot.

Point is you can't even recite your rights anymore. Doing so means your a terrorist. and The levi's thing blew my mind. That was the dumbest thing I ever heard. That's their excuse to go above the law and search anyone they want for no reason at all. Quite scary if you ask me!

So please send me that link. I love reading stuff on that!

[pigmeat]

Re: Credit poll.......

Dj, first off...innocent until proven guilty as written in the constitution is reffering to beingcharged with a crime in a court of law...when it comes to Recieving a loan from a "private party" such as a financial institution you need to realize that it is their money, and they have the right to use whatever tools they would like to determine if they want to "loan" you THEIR MONEY..just as if i ask you to loan me $20....you have the right to decide by whaever means whether you feel i will pay you back or not

[pigmeat]

Re: Credit poll.......

I have a headache now....LOL

I have a friend that does not pay income taxes, hasn't for years....he got a lawyer and filed all these papers, got his social and name out of the system and has also gotten out of several ticket charges for an unregistered car just from spouting some law to the cop....he keeps sending me stuff on it...I should pass it along to anyone interested.....it is very interesting reading....you have to really watch your step with this though from what I understand....

i know a guy who hasnt paid taxes since 1974....the IRS stillsends him letters once in a while, but they dont sign it or anything...just an agent #, as he has filed civil suits personally against these agents for harrassment, as it is illegal to make a soveriegn citizen pay taxes on their wages, per constitution

[Waterboy]

Re: Credit poll.......

I have read the Constitution and The Articles of The Constitution (Bill of Rights) and I can not find anywhere that we have any rights to a fair credit score.
Credit is something you establish as you go along in life. Make your payments on time, keep your debt to income ratio low as possible and MONITOR your credit reports annually.
As far as a company just posting a bad report on your credit report, there is more to it than just that. You have either defaulted in a finanical obligation and refused to reply or try to eleviate (sp) the problem or you have received a notice in the mail of an outstanding balance that you did not own and did not reply to the notice.
In this situation, you must contact the company, by registared mail, and let them know that it is not your debit. They may require some proof, so have it ready. This type of collection is typical of companies that buy outstanding balances form collection agencies and try to strong arm you into paying. It may be a name that is simular to your name or the SS # may have been entered incorrectly.If their notices go unanswered, they will put it on your Credit report as bad pay. It is very unethecial,but not illegal. It is up to you to respond to this situation.
Yes, it is a pain in the butt to get it straightened out, but always answer any debtors letter within 15-30 days(I think) to stop the problem with bad reports to the credit companies.
As far as your wifes credit score dropping when she was in school. Any time you amass a debt of a large magnitude with little or low income, your beacon score will drop due to high debt/income ratio. The only thing is to make the payments on time and your score will gradually come back up.
I experienced this when I bought my first house. Bought a house and a vehicle at the same time,beacon score dropped, but within 18 months, it was back to where it was before.
To push you even further some Insurance companies are now using your beacon score to determine if you are insurable. They figure a high debt load and you may want to burn down your property or report it stolen to collect the insurance money and pay off some debts.
I don't fully agree how somethings are reported to the credit bureaus, but as for now, it seems the most plausible way.