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Credit Cards / Re: Disputing closed old cc on Credit Report
« on: February 05, 2020, 07:55:42 PM »Who is and how do you know? Sounds like #fakenews.
Chase. Denied CC, recon said that having closed by grantor cards was a major factor.
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Who is and how do you know? Sounds like #fakenews.
I am gonna say something that may be a bit controversial and will get flack for this and will probably delete this comment, but here goes.
Dan as owner of Dan's Deals has an achrayus to post on DDMS or a general disclaimer by every cc post as he currently has for amex.
I live in the same orbit as people like Dan that do not look at a cc as free money, nor do I spend anything unless I have the cash or plan to pay it right away.
But there is a significant portion of people who have no handle and understanding of debt, and just max out cards. I know many who are deep in debt because they just charge their cc when they don't have enough income. Instead of financial discipline and following programs like Dave Ramsey, or working more hours they take the easy path and Max out cards.
This is not Dan's fault but the people read ddms and see the huge sign up bonuses and nice trips that Dan and others take using points and they get sucked into the cc world. And once they have a cc it is downhill from there.
I wish Dan would have someone have a guest column on ddms about how to budget and live within means and build wealth.
Many jump into cc because of ddms but they are ill equipped to deal with the temptation and responsibility that comes along with it.
So yes, I do feel Dan should be posting about this on ddms, not as a scoop on the scammer with exact details, rather as part of a general series about fiscal responsibility
If I get flack for this I will delete. sorry in advance
FTR, at the beginning of every DDS Dan goes on for a while saying exactly this. If you are not disciplined, this game is not for you, the points are just not worth it if you will go into debt because of the spend.
Maybe their lawyer got involved and suggested that confessing publicly was not a good idea?