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+--- Thread: Snail mail blowing up with cedit card offers. (/showthread.php?tid=3098)
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Re: Snail mail blowing up with cedit card offers. - Seacrest - 01-26-2006
blooz Wrote:
-------------------------------------------------------
> I went to the bookstore to steal it, but they were
> sold out.
>
No. Actually, I had stolen them all.
Re: Snail mail blowing up with cedit card offers. - MacMagus - 01-26-2006
> What other things can trigger it though? Opening a bank
> account? Applying for new utility service of some sort?
> Spending more money each month?
Usually, it's a new phone/utility service that triggers it -- they do a credit check and sell your info before they finish setting up an account.
Sometimes, when you pay off a substantial portion of an old debt, it'll trigger their computers to flood you with offers.
Sometimes when you open a new consumer credit account or bank loan or if you consolidate debt you'll get flooded because it gets out that you're seeking credit.
Sometimes it's a matter of affiliations -- unions, credit unions, alumni organizations, etc. have joint ventures with some of the credit card companies where they get money for each signup or a percentage of your spending trickles down to them for a year or two after you get the card. These things are usually seasonal and as was mentioned, it is the beginning of the Spring fundraising season.
Re: Snail mail blowing up with cedit card offers. - ho'ard - 01-26-2006
Wow, you know a lot about this!
I'm leaning heavily towards it being my new loans because I'm also getting bombarded with offers from those companies that want to make my mortgage payments if I'm incapacitated.
I guess the fact that my dept has risen to ear-level makes me an attractive credit card user somehow. They can smell the fear . . .
But I've also opened a new bank account and switched phone providers.
MacMagus Wrote:
-------------------------------------------------------
> > What other things can trigger it though?
> Opening a bank
> > account? Applying for new utility service of
> some sort?
> > Spending more money each month?
>
> Usually, it's a new phone/utility service that
> triggers it -- they do a credit check and sell
> your info before they finish setting up an
> account.
>
> Sometimes, when you pay off a substantial portion
> of an old debt, it'll trigger their computers to
> flood you with offers.
>
> Sometimes when you open a new consumer credit
> account or bank loan or if you consolidate debt
> you'll get flooded because it gets out that you're
> seeking credit.
>
> Sometimes it's a matter of affiliations -- unions,
> credit unions, alumni organizations, etc. have
> joint ventures with some of the credit card
> companies where they get money for each signup or
> a percentage of your spending trickles down to
> them for a year or two after you get the card.
> These things are usually seasonal and as was
> mentioned, it is the beginning of the Spring
> fundraising season.
Re: Snail mail blowing up with cedit card offers. - roshi - 01-26-2006
get a shredder - a studly one that can handle 20 pages at once - shred all the offers.
people can order credit cards in your name very easily if they have just one of those offers.
Re: Snail mail blowing up with cedit card offers. - elmo3 - 01-26-2006
h' Wrote:
-------------------------------------------------------
> > What's your credit score? That'll have an
> effect.
> >
> It's pretty high. But it has been for a long
> time.
> I would guess it's taken a hit in the last few
> months now that I've gone from one to 3 mortgages
> and probably had my score pulled a zillion times.
Believe it or not, that may have *improved* your credit score--or at least given these companies the idea that you're a better candidate than you were before.
> I'm not surprised yours is high too Elmo. You seem
> like someone who would be pretty cautious in your
> dealings.
I have my wife to thank for that, frankly.
Re: Snail mail blowing up with cedit card offers. - Racer X - 01-26-2006
standard post Xmas. they want to capture all the people who overspent and need more credit, or want to transfer for a really low rate. then you slip up once and have 10 grand at 21% APR.