5 ms·

I'm enjoying my free credit monitoring, because it's oh so transparent and useful.

by TallGuyShort 4y ago

raydiatian 4y ago
I once missed a $10 payment on my credit card and lost 100 points on my credit score. I swear on my life.
- aliqot 4y ago
  > I once missed a $10 payment on my credit card and lost 100 points on my credit score. I swear on my life. Is it an option to not use CC in your life? I don't but I understand people in the city may have a different experience.
  - TallGuyShort 4y ago
    Rental car companies will sometimes not rent to you unless you use a credit card specifically (not a debit card).
    - aliqot 4y ago
      That is a good example, thank you. Have you ever overcome this limitation?
      - lostcolony 4y ago
        You may be able to use a debit card but they'll need to be able to put a large hold on funds. I ran into this years back when I graduated college; I had a credit card, but it was secured, and the amount the rental car agency wanted to put on it, outside of the fees (the actual fees were being paid for by my place of employ as part of my relocation package) was too high to put on the card, and they refused to rent me anything. I still refuse to use that rental car company to this day.
        aliqot 4y ago
        That must have been very frustrating. I hope you ended up getting it sorted out at the time. I can only imagine what must have been doing through your head fresh out of college and relocating for a job. Glad you made it though, and you're right to stick by your guns. Relationships are everything in my community, most deals that can't happen with a handshake don't get far.
      - deleted 4y ago
        [deleted]
      - TallGuyShort 4y ago
        Nope. By happy coincidence, I ran into my brother-in-law at the airport as he was discovering this, and I have a credit card that I love collecting points on and just set to autopay.
    - memcg 4y ago
      While at my doctor's office yesterday, I noticed a sign stating all new patients are required to give a credit card number and have it kept on file. I have done this for years because it was convenient for me, but I don't think it should be required.
      - deleted 4y ago
        [deleted]
  - HWR_14 4y ago
    CCs are usually the safest option in the US. When it comes to loss or fraud, they beat the pants off debit cards, ATM cards, cash or checks in terms of limiting losses.
  - raydiatian 4y ago
    > Is it an option not to use CC in your life? Honestly the CC isn’t the problem, it’s mobile phone notification culture. One billion meaningless daily notifications, I just shut everything off. I had used a backwater credit card that I never touch to pay for parking and suddenly CC company was livid that I was delinquent. I rack up over $100 in late fees and lost 100 pts off my cred score. To resolve the issue I had to snail mail in a letter asking them to update the report with the credit score agencies. Just such a carnival, regardless of how much you want to victim blame me
    - aliqot 4y ago
      Victim blame? Excuse me?
    - TallGuyShort 4y ago
      I don't think it's fair to call this victim blaming. You did indeed borrow money and fail to pay it back on time. That's exactly what the concept of a credit score is for. We all make mistakes, but your score represents the balance of your track record. Is life complicated? Do you innocently forget to make a payment, and then pay back the fees? Do you miss notifications because your spam filter was overly aggressive? I understand all those things. But if that happens a lot maybe credit cards aren't usually the right tool for you. And if you insist otherwise but fail to make payments on time anyway and call yourself a victim of that system, that's exactly the kind of thing I want to know as a potential creditor. That's different from credit reporting agencies losing your data through negligence, lacking transparency in the algorithm changes that affect people, doing unethical things with the data like was reported yesterday. Let's be clear that none of those things is what happened to you.
- oefrha 4y ago
  At least you did something wrong. Mine dropped by 150-200 once when Experian decided to put someone else’s debt on my file. That person’s name has nothing in common with mine, so no idea how it got there. No free credit monitoring offered afterwards.

I'm enjoying my free credit monitoring, because it's oh so transparent and useful.

raydiatian 4y ago

I once missed a $10 payment on my credit card and lost 100 points on my credit score. I swear on my life.

aliqot 4y ago
> I once missed a $10 payment on my credit card and lost 100 points on my credit score. I swear on my life. Is it an option to not use CC in your life? I don't but I understand people in the city may have a different experience.
- TallGuyShort 4y ago
  Rental car companies will sometimes not rent to you unless you use a credit card specifically (not a debit card).
  - aliqot 4y ago
    That is a good example, thank you. Have you ever overcome this limitation?
    - lostcolony 4y ago
      You may be able to use a debit card but they'll need to be able to put a large hold on funds. I ran into this years back when I graduated college; I had a credit card, but it was secured, and the amount the rental car agency wanted to put on it, outside of the fees (the actual fees were being paid for by my place of employ as part of my relocation package) was too high to put on the card, and they refused to rent me anything. I still refuse to use that rental car company to this day.
      - aliqot 4y ago
        That must have been very frustrating. I hope you ended up getting it sorted out at the time. I can only imagine what must have been doing through your head fresh out of college and relocating for a job. Glad you made it though, and you're right to stick by your guns. Relationships are everything in my community, most deals that can't happen with a handshake don't get far.
    - deleted 4y ago
      [deleted]
    - TallGuyShort 4y ago
      Nope. By happy coincidence, I ran into my brother-in-law at the airport as he was discovering this, and I have a credit card that I love collecting points on and just set to autopay.
  - memcg 4y ago
    While at my doctor's office yesterday, I noticed a sign stating all new patients are required to give a credit card number and have it kept on file. I have done this for years because it was convenient for me, but I don't think it should be required.
    - deleted 4y ago
      [deleted]
- HWR_14 4y ago
  CCs are usually the safest option in the US. When it comes to loss or fraud, they beat the pants off debit cards, ATM cards, cash or checks in terms of limiting losses.
- raydiatian 4y ago
  > Is it an option not to use CC in your life? Honestly the CC isn’t the problem, it’s mobile phone notification culture. One billion meaningless daily notifications, I just shut everything off. I had used a backwater credit card that I never touch to pay for parking and suddenly CC company was livid that I was delinquent. I rack up over $100 in late fees and lost 100 pts off my cred score. To resolve the issue I had to snail mail in a letter asking them to update the report with the credit score agencies. Just such a carnival, regardless of how much you want to victim blame me
  - aliqot 4y ago
    Victim blame? Excuse me?
  - TallGuyShort 4y ago
    I don't think it's fair to call this victim blaming. You did indeed borrow money and fail to pay it back on time. That's exactly what the concept of a credit score is for. We all make mistakes, but your score represents the balance of your track record. Is life complicated? Do you innocently forget to make a payment, and then pay back the fees? Do you miss notifications because your spam filter was overly aggressive? I understand all those things. But if that happens a lot maybe credit cards aren't usually the right tool for you. And if you insist otherwise but fail to make payments on time anyway and call yourself a victim of that system, that's exactly the kind of thing I want to know as a potential creditor. That's different from credit reporting agencies losing your data through negligence, lacking transparency in the algorithm changes that affect people, doing unethical things with the data like was reported yesterday. Let's be clear that none of those things is what happened to you.
oefrha 4y ago
At least you did something wrong. Mine dropped by 150-200 once when Experian decided to put someone else’s debt on my file. That person’s name has nothing in common with mine, so no idea how it got there. No free credit monitoring offered afterwards.