lhendricks92 said:what would a woodchuck chuck if a woodchuck could chuck wood?

kkerty hasn't "destroyed" his credit score, and the adverse action he has experienced is only temporary. meanwhile, he's still raking in the benefits of 0% money.

if you're asking me how i'm doing, i'll answer in my own thread. if you can't understand the power of leveraging OPM, there's pretty much nothing we can say to change your opinion.

Yes anybody with an IQ above room tempature can understand what you are doing. I am just saying it really isn't worth the time and effort vs. the risk and time involved.

I don't mind you playing with the credit industries money to make a few bucks, they deserve it. But all it is is a simple game with little profit compared to the time and energy involved vs. the risk. I'm sure i won't get much of a positive response from anyone on here because you've all drank the Kool-aid. I just find it funny when you get hit up by the banks like BOA and then start crying foul and complaining. You all chose the game, now you gotta play the game.

Glitch99 said:Woodchuck312 said:lhendricks92 said:what would a woodchuck chuck if a woodchuck could chuck wood?

kkerty hasn't "destroyed" his credit score, and the adverse action he has experienced is only temporary. meanwhile, he's still raking in the benefits of 0% money.

if you're asking me how i'm doing, i'll answer in my own thread. if you can't understand the power of leveraging OPM, there's pretty much nothing we can say to change your opinion.

Yes anybody with an IQ above room tempature can understand what you are doing. I am just saying it really isn't worth the time and effort vs. the risk and time involved.

I don't mind you playing with the credit industries money to make a few bucks, they deserve it. But all it is is a simple game with little profit compared to the time and energy involved vs. the risk. I'm sure i won't get much of a positive response from anyone on here because you've all drank the Kool-aid. I just find it funny when you get hit up by the banks like BOA and then start crying foul and complaining. You all chose the game, now you gotta play the game.I have/will net approx $8,000 over 11 months from this 'game', and it takes all of 15 minutes per day, at most every other day. How can you say that $8k for ~45 hours of 'work' just sitting in front of a computer checking accounts "isn't worth the time and effort"? And the only risk is that I may miss a payment, and if that happens the 'game' is over and I'm left with my profit-to-date and a temporary ding on my credit score (I have no other use for my score anyways, so I could care less).

It is those who have debt problems that cry over the actions of BofA, etc. Those of us utilizing credit as a profit center (as opposed to those using it to live beyond their means) could care less about anything involving the term 'standard rates'.

So all these threads I read on finance from people saying BOA is holding my money, etc becuase of their AOR's isn't because of that but instead because they are living beyond their means? And you also state the only risk is missing a payment?? Have you not read this thread at all or are you just stupid? The OP seems to have had more problems then just a missed payment due to this "game".

Woodchuck312 said:And you also state the only risk is missing a payment?? Have you not read this thread at all or are you just stupid? The OP seems to have had more problems then just a missed payment due to this "game".You are confusing hassles and inconvenience with risk.

Having an account closed is not a risk, as the only reason I care that the account is open is for the profit potential. I may loose a large credit limit, but the only reason I want the high limits is for the arbitrage opportunities. If I were not playing the 'game' I wouldnt have opened the accounts in the first place, let alone care if the limit is $1,000 or $50,000. And if some BT money is frozen in an account for a while, I still havent lost anything except the expected profit. So no, I do not loose anything of value from any adverse action, therefore there is no risk; I may not hit my budget due to a/a, but that budget was entirely 'found' money to begin with.

And yes the absolute worst case scenario is loosing access to all credit, which means, well, I would start using all these free checks I have from my misc checking accounts. At most all I loose is some rewards points/CashBack.

And I still hold that most, if not all, who have had money frozen by their bank have had this done for reasons unrelated to their use of 0% money. Of course I cannot prove this, but no one else can prove it was the primary trigger, either.

So I'm starting to think about a refresh and what I'm going to do and signed up for TrueCredit again, with use of Happyguys close TrueCredit window and get a free month offer. Well when I signed up, only TU refreshed in the first pull.... Is it supposed to be a free month of all 3 or just TU? I'll post in the TrueCredit thread as well.

NOTE TU score on True Credit is 728.

Ok, time to really start thinking about the future. Things I would like to accomplish:

1) Restore some BOA accounts following EugeneV's lead. Details here The pre-req to this is getting personal balances cleared.
2) Get off my lazy arse and get some of these reward checking accounts open (I started) that dont really look like they are going to die yet.
3) Open a HELOC (probably Compass Bank). Purpose of HELOC is
a) Reserve Fund
b) Provide ability to Trim off 'pieces' of the mortgage at 0% if reward checking accounts rates fall off the map and yet leave ability to get back into a tax deductible format.
c) A HUB to use for money laundering of Balance Transfers
4) Rev up new AOR with a more Business Centered approach and utilize credit lines currently in place rather than a mass apply approach in hopes of continually being able to take advantage of promotions. I guess the term is a rolling AOR.

Any recommendations/feedback on this. I would sacrifice some rate on the HELOC for one with the most flexibility on 3c (16 digit account numbers would be cool).

jackcrawfish said:kkerty89 said:Ok, time to really start thinking about the future
.....
4) Rev up new AOR with a more Business Centered approach and utilize credit lines currently in place rather than a mass apply approach in hopes of continually being able to take advantage of promotions. I guess the term is a rolling AOR.Have you been "rolling" or are you going to do a "FullBlown BIZAOR"?

thanks for the f/u.

I'm still on the pre-req, today is actually the day I anticipate all balances gone on all reports waiting on Chase on 2 reports and HSBC on all 3. HSBC seems to report last day of the month rather than at cycle close.

Hasn't stopped me from blowing up the 5% citi card promo under wifes name though

I haven't had much luck with pulling though, I tried o sneak in a couple apps, everyone wants EX from me. Going to call BOA this afternoon if balances gone. Then it's on to the HELOC and first shot will be at Chase Biz, that's as far ahead as I've thought......