chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 10, 2019 10:02:53 GMT -8
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Post by PikesPique on Nov 10, 2019 10:40:59 GMT -8
While it is possible GS is guilty of this, it is also possible the wife dropped a zero when entering her annual income. That could explain the big difference in limits.
My "income" as a retiree can be pretty much whatever I deem it to be up to the amount I have saved. That income, of course, is inversely proportional to the number of years I can draw that income. I stayed relatively conservative in declaring my income when applying for the card, so my limit is lower than it might have been. Suits me, as I don't charge large amounts.
I don't recall if the application asked my sex/gender/whatever during the process, though an educated guess based on my name could be made, I suppose.
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 10, 2019 11:37:02 GMT -8
While it is possible GS is guilty of this, it is also possible the wife dropped a zero when entering her annual income. That could explain the big difference in limits. Did you read the whole article?!? There were several other examples, including Woz and his wife.
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Post by PikesPique on Nov 10, 2019 11:49:07 GMT -8
I actually read a different article so I might not have gotten the whole story. Still, not hard for multiple instances of similar mistakes. Or, could just be a problem with how credit history was classified for married couples in the past typically under the husband's name. I don't think it was right, but it was a common practice and many divorced and widowed women suffered because of it. It doesn't necessarily mean a current or intentional bias of the bank. But, it certainly might. I'm interested in the results of the investigation. Keeping an open mind.
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Post by therealmercel on Nov 10, 2019 18:16:20 GMT -8
Goldman is a sleazy bank, and it’s unfortunate Apple got into bed with them.
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 11, 2019 5:57:45 GMT -8
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4aapl
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Post by 4aapl on Nov 12, 2019 9:40:25 GMT -8
While it is possible GS is guilty of this, it is also possible the wife dropped a zero when entering her annual income. That could explain the big difference in limits. Did you read the whole article?!? There were several other examples, including Woz and his wife. Ugggg! The whole credit score thing is black magic. Sometimes things have to stay quiet so the system isn't played. But I'm not sure credit scores are one of them. There's a lot of strangeness in this article, like thinking the filing a joint tax return matters for your credit card application (that stuff is kept a bit private by the IRS, hence having to go to the judicial process to get a tax return). While it is possibly that all is fine and these situations were edge case issues (differing credit scores (which has multiple feeders), differing existing credit limits which will affect the risk of giving additional credit, differing incomes, etc), there is enough worry about this that it seems like there is at least an edge case issue. But like a bad review on a freezer with an ice maker, you don't know if everyone has problems with the ice maker failing, or if only the 10%, 5%, or 1% hitting this problem are posting about it. I know in our household, the main card or two that we were using were based on me, which also meant that my wife's credit score wasn't benefiting. We purposefully opened a new card with her info (this was before the Apple Card), in order to make sure her score was being helped. Interestingly, opening a Costco card was the only time where in order to get a 2nd card, it wanted the SS number of the 2nd person, and they checked my credit score. It's all on one bill, and thus I believe one credit limit, but we do have different card numbers which was handy when hers was hacked/stolen from somewhere after only a few months. Anyway, I know our scores are fairly close, and that some cards like Chase gave each of us separately more credit than we needed. While I would have expected Apple to look into this more before issues were brought up, I'm sure that they will look into this and adjust. And that's easy to do, even though I don't think everyone wants their credit limit raised automatically.
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