"Wobbles the Mind" (wobblesthemind)
09/06/2016 at 22:24 • Filed to: Credit
2
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"Wobbles the Mind" (wobblesthemind)
09/06/2016 at 22:24 • Filed to: Credit | 2
| 7 |
I won’t get into the story, but my Credit Union dropped the ball for the first time ever for me. Luckily, I have been with them for over a decade (since I started high school) and Credit Karma alerted me that my score had dropped over 100 points between June and July. Here’s the score change from August to September though:
It will probably take until the first week of November before my credit score gets back to where it was but I’m very happy with how well (and quickly) my Credit Union handled the flub up. I’ll say this, no matter what they tell you about insurance, banking, or business, long time loyalty pays itself off over jumping around trying to catch the best deals at the time.
I did freak out, internally though, because I need to get ready to purchase a house in 18-30 months in order to stick to my plan, but most of all I need to rework my insurance in February 2017 (when my speeding ticket from Feb 2014 is removed from the record) and this would have cut my nuts off.
getFuckedHerb
> Wobbles the Mind
09/06/2016 at 22:28 |
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Glad you caught it and got it worked out. Amazed at how many people don’t know their score, or know it’s sub 800 and don’t care. Amex/Discover which let you see your score every month are great.
Mine is a little lower this past month, I put a bunch on my credit cards, I expect next month when they realize I also paid it all off it’ll go back up to 835ish.
Funktheduck
> Wobbles the Mind
09/06/2016 at 22:31 |
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Nice catch. I peek at mine pretty often.
Chasaboo
> Funktheduck
09/06/2016 at 23:41 |
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I never look at mine. All the stupid stuff I’ve done, it’s probably in the 5s.
Tohru
> Chasaboo
09/07/2016 at 00:28 |
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I hit a really bad stretch financially for awhile - lots of late or missed payments, some medical stuff in collections. Mine hit 390.
Birddog
> Wobbles the Mind
09/07/2016 at 03:00 |
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Good to hear they’re making good. Or as good as possible. My CU actually has Monitoring as a freebie.
Credit Unions are often overlooked. A lot of them run like a Co-Op and can do amazing things.
haveacarortwoorthree2
> Wobbles the Mind
09/07/2016 at 09:55 |
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I hate credit scores. I get dinged because I only have one card and it usually has a high monthly balance because my business travel expenses go on it, which means I am using a substantial part of my credit limit. But what doesn’t get factored in is that the balance gets paid in full every month, so the real usage of my credit limit is zero. So I literally have to get another credit card to increase the amount of debt I can incur so that my credit score goes up.
TheDudeAbides_(version 2.0)
> haveacarortwoorthree2
09/07/2016 at 10:31 |
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Your problem isn’t (only) that you only have 1 card, it’s that that 1 card’s limit is far too low for your usage patterns. If you find yourself often using up 35% or more of the limit with business travel that will be paid off immediately each time, you would be well served calling the bank that issued the card and asking them to increase your limit. But make sure you ask if they will need to do a hard or soft inquiry to offer an increased limit. If they’re going to do a hard inquiry anyway, it might be better to just get a second card instead (depending on the benefits of your first card and whatnot). I know some will do it with a soft inquiry, others won’t (I’m looking at you Chase!).