supercreditman said:Oh, and I forgot about the other cards I got in the first 2 months. I had to go back to the dates on the list to jog my memory. I applied online for the BOA Platinum Visa online. BOA sent me a letter of denial. I used Planet Feedback to send a request for reconsideration directly to the President's office. A couple weeks later, I recieved the card with a $2K limit. They pulled TU for the I've since had online CLI's up to the current limit of $9.5K. I applied in store for the Circuit City Visa which pulled EQ and approved instore for $2K. They've since increased my CL several times to the current $7.8K. Oh, First Tennenesse's online approval said I got $10K limit. When I got a letter for income and identity verification I faxed them my tax returns and they changed to the $4K. I was in no position to negotiate at that point.

SCM

THis planet feedback thing is enough for me to get something useful, as I dont think I will be trying for multimillion credit card limits. TY, it looks useful

Just wanted to congradulate you supercreditman on what you've done. The more you share with the FW community, the better we can all be in understanding how credit works and how to make it work for us, rather than the other way around.

SeriusBlack said:Just wanted to congradulate you supercreditman on what you've done. The more you share with the FW community, the better we can all be in understanding how credit works and how to make it work for us, rather than the other way around.

Hate to be the lone pessimist here, but this guy is about to get his head handed to him.

To recap, he lost $92,000 in 2004-2005. He screwed at least 3 creditors over who decided to settle with him for a fraction of what he owed. He has basically worked the system hard using disputes to get >$1M credit, maxed out a lot of his credit lines including short term 0% money which apparently is being used to float his money losing businesses (are they still losing money or are you making money at this point?). Most of us that do the 0% game have the money in liquid assets like CDs, and we have the money to pay them off before they come due or roll them over to other lines. It does not sound to me like this guy is in a position to keep things going. This is going to end badly.

Your name wouldn't happen to be Casey Serin would it?

MarketVViz said:....Hate to be the lone pessimist here, but this guy is about to get his head handed to him....

Ethics aside, I really don't care about the why of OP's scenario. If the OP is about to be handed his head, then so be it. Better for the rest of us as apparently one motivation to offer 0% deals is to improve the bank's portfolio of credit card holders. The OPs motive differs from my opinion in so many ways, but that's the OP's perogative. The OP isn't here asking for help.

But, the HOW of what the OP did could benefit many a Fatwalleter in helping them get more 0% offers. If you are capable of getting more 0% money, why not use the OP's strategy to your advantage.

That said, one thing we have all learned already from the OP, is that by using online disputes, it is possible to alter the calculation of your credit utilization just prior to an Apporama. How does that benefit me, I can feel more confident in pushing the 90% utilization on 0% offer, because when I go to request more, the new credit card apps won't see 90% utilization.

To repeat, I am most interested in seeing some links to discussion threads, or even just specifics on removing credit inquiries, hopefully by using honest reasons.

This is teriffic workday reading Dreaming up ways to use 1M in credit now One question... do you have a template that you use to keep track of disputes and when they wear off so you can dispute again? That is the part that I am stuck on. I would think they would catch on to that.

makeinu said:gatzdon said:To repeat, I am most interested in seeing some links to discussion threads, or even just specifics on removing credit inquiries, hopefully by using honest reasons.

This information is covered in detail over at creditboards. The general opinion over there is that disputing inquiries that have resulted in valid credit lines could get those credit lines closed (as the issuer will assume that the line was granted in error or, worse, due to fraud). To me it seems that even if the dispute itself doesn't trigger account closure, it would probably result in a manual review, which in the case of high BTs, could itself trigger account closure.

Furthermore, the only lawful reasons for filing a dispute are if the information is "inaccurate" or "incomplete", which, IMO, is hard to honestly claim when motivated by an application spree. However, it seems that many people over at creditboards dishonestly claim these reasons without any legal problems. Although the CRAs have been known to legally dismiss disputes as "fivolous".

As a bonus, if the CRA doesn't follow the correct procedure according to the FCRA (and they often don't) you could sue. Someone over at creditboards even won a suit related to the removal of disputed inquiries.

Very well put. I know people should have the right to sue but I don't see why I should dispute/sue when I actually did apply for that credit card, consented to a credit check, and recieived a credit card. Running the risk of having the line closed for fraud doesn't seem worth it. Especially because I have so many new accounts and so many BTs that I probably wouldn't get accepted for new credit anyway and by the time I would it has been more than 6 months so the inquiry doesn't matter anyway.

Gatzton and Patch,

You will only have success with inquiries on EQ. EX inquiries must run their course of 2 years, unless you want to deal with the fraud dept and risk a fraud alert. Pull your TU report daily and inquiries will vanish from TU in 2 months.

I only disputed information online for my EQ report early on because the scores were just too low and derrogatory onfo so new that approval was impossible. Around October 04, I stopped disputing the tradelines that were affecting my approvals. After 3 month of no updates the score jumped up 9 points for each of 2 of the bad histories. But they were then starting to get outweighed by new accounts with positive history. Once 2 years passes, new accounts are considered more established by FICO and the score goes up several points for each account at it's 2 year anniversary.

I have never had a problem with deleted inquiries before an account reports. When I call and activate the card, I'm confirming that I requested it. And, I told you that when I call to request an inquiry deletion, I ask in an authoritative manner to please "investigate it". They seldom ask if I applied for anything. If they don't delete, I just call back and repeat the process.

As far as being honest, is your name Jesus, that you should think you are more honest than me? As many have pointed out, I am not here to discuss my use of the credit, or implied mis-use, but to discuss how I got it. If you think I am dishonest, and think my methods are, then I can stop sharing now. Again, I paid what I had when I could, I didn't totally not pay even though I had the means to pay some. And more importantly, I didn't file bankruptcy as many would have. And I maintained stability for dozens of tenants while many of my competitors have gone out of business and stuck everybody in sight. Our main street has more vacant storefronts than occupied ones, and our local mall has only 40% occupancy. My business is located in an economically depressed area and suvival is truely a challenge. I may well get my "head chopped off" but I will fight for my business until I die, if my head is chopped off next week or 50 years from now. I am not a quitter. If you think I'm a fool, maybe I am, but I believe in what I do, and I have something in me called entreprenurial spirit. My debt is not higher than it was 5 years ago, but who I owe is different. I now owe banks that don't mind you owing them, not utility companies and tax bureaus. I have a friend with a Wharton accounting degree that's in much worse shape than me. His large business will probably fail in 2007. It will join about 4 large business within the last 3 years that filed bankruptcy. Holding my own is acually an accomplishment around here.

Now, do you want to get info from a saint that doesn't know a lot of tricks or a savvy resourceful entreprenur?

I'm ready to continue the saga when your ready to stop cricizing me "screwing" the creditors that I called and negotiated with, and would gladly have gone to their headquarters in person to face them, if it would have helped. It would be much, much worse for my biz to fail because it would drive all property values in the town down for years to come. That would affect hundreds of homeowners who want to sell or refinance their private homes.

SCM

Chan0512,

I don't contact the creditors. I don't ever dispute inquiries with TU or EX. I call Equifax.

SCM

Sorry,
Maybe I missed something or confused. When you are saying "I have never had a problem with deleted inquiries before an account reports" How do you delete a hard inquiry before being reported? Do you tell the creditors when you are activating it? Thanks

supercreditman said:G
Now, do you want to get info from a saint that doesn't know a lot of tricks or a savvy resourceful entreprenur?

I'm ready to continue the saga when your ready to stop cricizing me "screwing" the creditors that I called and negotiated with,
SCMI too hope the focus stays on how you got the credit, not the other issues. The backstory was interesting considering you were able to get new cards after settling with creditors, but irrelevant to the main topic of how you (and we) can get so much credit so quickly.