All Forum Posts by: Jerry Bruckenheimer

 If you use a balance transfer check, deposit it in to your checking account and then withdraw from checking account in the form of a cashiers check. Expect a delay until your BT check deposit clears.

Thanks

@James Ihssen @Account Closed

Appreciate the welcome!

 Lol paltry! I've collected 500,000 AA miles off of this. 

Positive money versus a negative of transfer fees at 2-4% on the same amount equates to a paltry $10,000 to $20,000 in balance transfer fees. Not to mention an extreme hit to Fico for max utilization on those cards for carrying the balance.

Not here to argue, to each his own, enjoy.

Dont do a balance transfer and don't use balance transfer checks, why not do it for free AND earn cashback or points on your credit card?

For anyone interested I own a Credit forum (not here to advertise in the forum so PM me for link if you want)

You can fund a new CitiGold Checking account for up to $100k with certain credit cards, doesn't count as cash advance and points/miles/cashback is earned. In addition you can earn 50k points as a bonus directly from Citi just for opening of the account. Then pay whomever you choose (including the credit card you made the charge on) from the checking account.

NOTE: There are steps to this and only certain credit cards work in avoiding cash advance fees. Don't jump wildly into this.

I would make sure "I sent him a note" is followed up by proper notice if it was as casual as it sounds.

 Agree, you may have just been converted from tenants to squatters. Many filing bankruptcy stop paying everything and wait it out hoping the magic wand of BK will make it all go away while they start hiding cash.

 Absolutely still plausible, routine inventory/condition inspection. Make all your notes, take all your pictures. In a perfect world you'd have done it before move-in and at a minimum annually but nothing wrong with getting up to date with your records.

 As has been mentioned, actually collecting on a judgement you may win is quite another matter. Present the tenants with an estimate from a contractor for the repairs and ask for payment. If they refuse to pay, you know in advance what kind of problems you can expect upon termination of lease. You also will have established a dated paper trail of damages and demand for payment.

I would be very frank and upfront with them, "I have concerns about your credit, let's sit down together, pull up your credit file and talk about it" Have THEM log in to Experian, Equifax, or Transunion in your presence and look at the full credit file, see every account, every late, every derog. On one hand, this is intrusive, but if they want your place and have been honest this shouldn't be a problem and they well know that their credit is going to be a barrier to many rentals they might pursue. Your willingness to look deeper in an attempt to qualify them should be looked at positively versus an automatic no they might receive elsewhere.

Having said that, a single foreclosure and its associated lates CAN have a very dramatic impact on scores....

Agree