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Poor Jimbo is trying to think well beyond his capabilities again.
It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.
 

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Marine Organism
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Poor Jimbo is trying to think well beyond his capabilities again.
And that doesn't take much. Poor lil' guy.... Or is he binary? :)bulb
 

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Discussion Starter #5
And that doesn't take much. Poor lil' guy.... Or is he binary? :)bulb
It would help if Ol'Forked wrote in sentences that made sense. What the hell is, "Or is binary?"

As far as the other part of the reply where he is apparently agreeing with WOLFIE, I don't really care what happens to him or WOLFIE, but I care about what could happen to me and everyone else, but mostly me.

What happened with Wells Fargo should never be allowed to happen. It benefitted a few people while it harmed or could have harmed a lot.
How many know if they were one of those who had fake accounts created for them?
To justify or protect that practice cannot be justified.

What next, are they going to protect Trump University from class action suits, or will it be the auto industry and the Takata airbags or the telephone companies and them charging for things they are not entitled to charge for?

Ol'Forked and WOLFIE can stick their head in the sand if they wish too, but with them it appears more likely to be up their ass.
 

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Living in a cage of fear
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It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.
Hello contestants!
Todays quiz involves the above statements from a less than mentally stable person.
There are no less than 3 factual errors in his ramblings.

First one to point them out wins! Bonus points for reckognizing the parts where factual errors are mixed in with a little editorializing to create a "double" error!
 

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Hello contestants!
Todays quiz involves the above statements from a less than mentally stable person.
There are no less than 3 factual errors in his ramblings.

First one to point them out wins! Bonus points for reckognizing the parts where factual errors are mixed in with a little editorializing to create a "double" error!
OK Alex......
It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.
 

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Living in a cage of fear
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OK Alex......
It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.
Good job!
less obvious is the statement "when Wells Fargo created all the fake accounts to boost their number"

This implies it was a corporate decision and mandate, it was not.
 

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Discussion Starter #9
OK Alex......
It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.

Each of the items you posted in red is accurate. You apply for credit and it gets reported to the credit bureaus, and the more you apply, the lower your score becomes. When a company creates a new account, do you think it doesn't get reported as an application? How many people were aware the Wells Fargo was doing what they were doing? Not many. As more credit applications are made, your score goes down.

There was no implication as to who was responsible in the organization, only that it would have been from Wells Fargo. It makes no difference who, how or why it happened, but it did, and it did not benefit the individual customers.
THATGAY makes it sound as though corporate Wells Fargo isn't responsible. If thats's true, why is there now a law preventing consumers from class actions against the Corporation? Who would be accountable, if not the corporation?

You can stick your head in the sand if you wish, and maybe you should. What you don't know won't hurt you. Or, maybe it could.
 

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Look Jughead...Once again you change your wording!
Here is what you initially posted..."but every time you apply for credit, your credit score goes down."

Then the next post you add "and it gets reported to the credit bureaus"

You apply for credit and it gets reported to the credit bureaus, and the more you apply, the lower your score becomes.
Soft hits don't affect credit score only Hard hits do so your initial post is incorrect!

Looks like your head has the sand box filled up so I will pass
 

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Discussion Starter #11
Look Jughead...Once again you change your wording!
Here is what you initially posted..."but every time you apply for credit, your credit score goes down."

Then the next post you add "and it gets reported to the credit bureaus"



Soft hits don't affect credit score only Hard hits do so your initial post is incorrect!

Looks like your head has the sand box filled up so I will pass

If you want to make that distinction, then you would be correct. However, if you actually apply for (New or increased) credit, it will still most likely be a "Hard Hit."
If you'd like to clarify or add more to educate some of the people who don't know, it's Ok with me.

In the mean time, i'm going out to play in my sand box.
 

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Discussion Starter #13
I am only correcting the one who misstated the initial sentence...You!

l):ame
No, you're just being an ass
.
If you actually apply for credit, a hard hit will be run, with few exceptions. If someone walks up to you and asks to borrow a nickel You probably aren't going to run a credit check.
So, I guess you win.
Hard HitA hard hit takes place when your bank, credit issuer, future employer, or other company pulls your full credit report for a review. If you apply for a new loan,
the bank will most likely want to review your full credit history in their underwriting process. That results in a hard hit on your credit score
A hard hit does impact your credit score. It is not a major factor in your score compared to payment history and credit balance used, but it does have an impact. If you have more than two hard hits per year, or a whole lot of recent hits, it is a signal that you are out there trying to get big credit lines. That lowers your score and desirability to lenders.Soft Hit
If you are pre-approved for a credit card or insurance policy, that company ran a soft hit on your credit. A soft hit gives a limited view of your credit history.
 

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l):ame
No, you're just being an ass
.
If you actually apply for credit, a hard hit will be run, with few exceptions. If someone walks up to you and asks to borrow a nickel You probably aren't going to run a credit check.
So, I guess you win.
Hard HitA hard hit takes place when your bank, credit issuer, future employer, or other company pulls your full credit report for a review. If you apply for a new loan,
the bank will most likely want to review your full credit history in their underwriting process. That results in a hard hit on your credit score
A hard hit does impact your credit score. It is not a major factor in your score compared to payment history and credit balance used, but it does have an impact. If you have more than two hard hits per year, or a whole lot of recent hits, it is a signal that you are out there trying to get big credit lines. That lowers your score and desirability to lenders.Soft Hit
If you are pre-approved for a credit card or insurance policy, that company ran a soft hit on your credit. A soft hit gives a limited view of your credit history.
LOL...Typical Jughead!!!! Backed in to a corner and resorts to name calling again
You are so fun to wind up because you're so predicktable.
LOL

Oh and BTW another correction for you
Finally, if your employer does pull your credit report, you won’t need to be concerned about losing points from your credit score. It counts as a soft inquiry, so you won’t experience the temporary loss of points that, say, a credit card application would cause.
 

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Marine Organism
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LMAO!!! So now Juggy is a loan manager or advisor!!! :thumb:
 

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Discussion Starter #16
LOL...Typical Jughead!!!! Backed in to a corner and resorts to name calling again
You are so fun to wind up because you're so predicktable.
LOL
I'd say you are the predicktable one.

You are so brilliant.
It is sort of like the kettle calling the pot black when it comes to name calling. You sound just like Trump, THATGAY and SNIC. It's Ok for you to use name calling, but if someone else does it, you refer to it as, "Backed in to a corner and resorts to name calling again." It isn't the first time for either of us, so what is your point? It seems that double standards are a way of life for you.


Oh and BTW another correction for you
Finally, if your employer does pull your credit report, you won’t need to be concerned about losing points from your credit score. It counts as a soft inquiry, so you won’t experience the temporary loss of points that, say, a credit card application would cause.

You'll have to excuse my laughter but that isn't a correction of anything, as, "Your employer pulling a credit report was never talked about." So, where do you get it being a correction? It isn't.
Depending on what information the employer requests and circumstances, it could be either a hard or soft report.
If you wish to try to belittle me, get your information complete and accurate. You do it so seldom.
LiquidDan

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Join Date Jan 2009
LocationActon, Ca
Posts 1,025


Look Jughead..


 

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Poor Jughead....better get your memory checked again!

Your line from Post 16 below
"You'll have to excuse my laughter but that isn't a correction of anything, as, "Your employer pulling a credit report was never talked about." So, where do you get it being a correction? It isn't."

Your line from Post 13 below
"A hard hit takes place when your bank, credit issuer, future employer, or other company pulls your full credit report for a review."

You really should look in to installing one of your breathalyzer's on your keyboard!
 

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Marine Organism
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Poor Jughead....better get your memory checked again!

Your line from Post 16 below
"You'll have to excuse my laughter but that isn't a correction of anything, as, "Your employer pulling a credit report was never talked about." So, where do you get it being a correction? It isn't."

Your line from Post 13 below
"A hard hit takes place when your bank, credit issuer, future employer, or other company pulls your full credit report for a review."

You really should look in to installing one of your breathalyzer's on your keyboard!
I'm not so sure an IQ test should be in order!!! He doesn't know squat. I renew a loan at least every 2 years and mine hasn't budged. Also bought a used truck for my son (in mine and his name to establish him some credit) and took advantage of a no interest loan on a new Bush Hog clipper ... Still solid low 800s. Jughead... :)hammers
 

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Poor Jughead....better get your memory checked again!

Your line from Post 16 below
"You'll have to excuse my laughter but that isn't a correction of anything, as, "Your employer pulling a credit report was never talked about." So, where do you get it being a correction? It isn't."

Your line from Post 13 below
"A hard hit takes place when your bank, credit issuer, future employer, or other company pulls your full credit report for a review."

You really should look in to installing one of your breathalyzer's on your keyboard!
Apparently you need reading glasses.
In Texas there is a difference between YOUR FUTURE EMPLOYER and YOUR EMPLOYER. Do you understand there is a difference between FUTURE EMPLOYER and EMPLOYER. (As in current)
Isn't there a difference where you are located?

I won't say what you need to have checked, but I doubt that it's curable.

I hate to repeat myself but, If you wish to try to belittle me, get your information complete and accurate. You do it so seldom.
 
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