Man your wallet must put Costanza's wallet to shame!

How can you possibly keep track of all these cards, always paying the right minimum amount, never late, never ever making any mistake? And no
screw-ups by the mailman, letter opener, quicken/money/bill payment software, CSR etc.---so the whole thing comes crashing down?

Even using an "Excel spreadsheet to organize them", things go wrong sometimes out of your control.

Revheck,

I haven't been late with a payment on any credit account in over 3 years, since right before I settled with MBNA, Chase, and Discover in August 2003. I pay online with most of them, unless I have to wait for some rents to come in, before the statement arrives in the mail. For Compass Bank and Wells Fargo, I mail the payment the day the statement arrives and check online to assure all payments clear before I consider them paid for the month.

SCM

yeah the number of hours you must spend doing this wouldn't be worth it to me, unless it was for over $50/hour.

Vanringt,

Number of hours doing what?

SCM

Akwiggery,

It isn't possible to "get out of the game" when you've got a mortgage payment, insurance, trash, sewer, taxes, electric and water bills, employees, tenants, cars, equipment and supplies, health insurance, a wife, and much more I'm not mentioning. It would take me the rest of my life to sell my real estate, parcel by parcel, 4 or 5 a year, for decades, so as not to flood the local market. When selling a rental property, that rent is a percentage of the monthly mortgage payment.

SCM

supercreditman said:Now that you've got an idea of why I built the credit up that fast, lets concentrate on the accounts, and how I got them, and less on me.

SCM

SCM,

I read over another forum topic you had in CB a couple of nights ago. I was impressed by the ingenuity in your approach to what FatWalleters have called an AOR. During this time period of disputing the inquries off and applying for more credit, did anyone (credit reporting agencies, lenders, etc.) try any adverse action. You kind of hinted that you talked your way through some trouble spots, but I was hoping you could elaborate more.

My biggest question in this category: Did any of the lenders come back later and take adverse action due to a significant change in your "creditworthiness" after some new accounts posted onto your CR?

CycloneFW

This presents a perfect opportunity for the first Cash Advance O-Rama (That I've heard of, at least). The planning required for such an endeavor would be immense, but it would be soooo worth it.

Okay. I'm convinced, let's do it.

Kram,

If I wanted, I could get $400K out as quick as deposited checks or cashiers checks clear. Penfed $35K, Patelco $45K, DCU $12.5K, Coastal $25K, Quicken personal, $20K, Dividend $20K, M&T $25K, GE Permier, $25K, Sams LOC, $25K, etc, etc. I don't use what I don't need. I wait for the low interest offers come in the mail and I shift the balances around for the best rate. And if anybody wants their money back, as long as it's not all of them, I can easily have thier money immediately.

SCM

supercreditman said:I settled with MBNA and they won't open new accounts for me. AMEX shut down $250K across 5 cards around last Christmas. I settled with Chase too, but I'm back in good with them.What do you mean when you say you "settled" with these companies?