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who is visdsnd

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regstev131



Joined: 04 Jul 2008
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Posts: 1



70 Magic Points
Subject: who is visdsnd
 
 Posted on Fri Jul 04, 2008 12:07 am  
this may be a credit card
 
anthony

anthony

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11206 Magic Points
 
 Posted on Fri Jul 04, 2008 5:34 am  
As far as I know it is VISDSNB. VISDSNB is the visa departmental Store National Bank. You may find this name listed in your credit report if you have applied for a credit card through this store. The most popular Visa departmental store card is the MACYs card.
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Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
Justin

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 Posted on Fri Jul 04, 2008 6:17 am  
Yeah, these departmental store card offer reward programs where the customers can accumulate points on purchases and exchange these points for rewards. However, if you want to qualify for the best reward, you need to spend thousands of dollars at these store. But since they have the VISA symbol, you can use these cards anywhere outside the store too, to accumulate points.
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Justin
 
Mary

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 Posted on Fri Jul 04, 2008 7:03 am  
I agree with both of you. Most of these stores have started offering VISA and Master cards which are mostly in tie ups with banks like HSBC and CITIBANK. Some of the most sought after departmental store card include the Elite Master card, Nordstrom VISA card, Target VISA card and the Macy's VISA card.
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lostrikan24



Joined: 07 Jul 2008
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 Posted on Tue Jul 08, 2008 11:33 pm  
This is true... I once got involved, or trapped I should say, into starting a home biz. It turned out to be a run around and I had to open all sorts of accounts. Telephone, fax, website and a credit card. They told me the credit card was through the company, but it turned out to be through HSBC. After I closed the home biz I told them to close all my accounts. Well, they left the credit card account open, later stating that in the fine print it states that the contract leaves the CC open for a minimun of 6 months. I have since kept the balance at Zero. Now it helps my FICO score. Their trick, my win =) Could it be that this banks just put letters togueter in order to confuse us?
 
goodnatured



Joined: 03 Nov 2007
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0 Magic Points
 
 Posted on Wed Jul 09, 2008 2:22 am  
Sounds as if it is a trap that people could and would fall into, glad to hear that you got a head of the game on them, good for you.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
lostrikan24



Joined: 07 Jul 2008
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 Posted on Wed Jul 09, 2008 3:35 am  
Thanks goodnatured!
It was very easy to get into, but very stressfull to get out of. It put me in a great deal of pain because the whole deal messed up my credit =(
 
anthony

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 Posted on Wed Jul 09, 2008 4:55 am  
Hi lostrikan
Since your credit card account is still open and it is helping you to improve your credit score, it is advisable to keep it open. Try and increase your credit limit, by contacting your issuer, since an increased credit limit decreases your debt to credit ratio which helps in increasing your score much faster. Sometimes, the issuer increases the credit limit by himself in order to persuade you to use your cards frequently.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
lostrikan24



Joined: 07 Jul 2008
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Posts: 32



1544 Magic Points
 
 Posted on Wed Jul 09, 2008 5:32 am  
Hey Anthony,

We think along the same lines... lol. I stated this info somewhere around these forums yesterday I believe. I did contact some and raised my limits. Like you said, this in fact can be a tough move for those of us that do not stay on track. It's just so easy to run that extra credit back up =(
 
goodnatured



Joined: 03 Nov 2007
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 Posted on Thu Jul 10, 2008 2:52 am  
Probably is a smart move to keep it open, pay it down and leave it alone, this will help raise your score.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Mary

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 Posted on Thu Jul 10, 2008 11:52 am  
hi lostrikan
Increasing credit limit to increase your credit score is no doubt a wonderful idea. But the main difficulty is that with increased lines of credit, creditors may find it risky to offer you credit, because they may think that even if you have not exhausted your credit limit on your card, you may do so after taking credit from them since you have a higher credit limit on your card and there is a chance for you to become delinquent.
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Where there's a will, there's a way !!
 
goodnatured



Joined: 03 Nov 2007
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 Posted on Thu Jul 10, 2008 3:24 pm  
True, they take past credit history and evaluate weather to offer you credit or not.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
scott

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 Posted on Fri Jul 11, 2008 8:33 am  
What I think is that only if you have missed payment or delinquent record in your credit report, it will create problem in obtaining a credit at low interest rates. Bit, if you have a good credit history and a good score, it should not affect your credit worthiness. But the thing is that you should not think increased credit limit means that you have the freedom to spend. This is because if you spend more and fail to repay them on time, your credit worthiness will be at risk and it will affect your credit score and hence result in higher interest rates on new credit.
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SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 2865



0 Magic Points
 
 Posted on Fri Jul 11, 2008 9:01 pm  
Scott,
I like you tag line, it is the truth.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
erb1953



Joined: 31 Dec 2007
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Posts: 631



-31 Magic Points
 
 Posted on Sat Jul 12, 2008 2:53 am  
There are also different types of credit, the credit reporting agencies refer to these as tradelines. For example a credit card is one type of tradeline while a mortgage is a completely different type of tradeline. If you google tradelines you will see the differences in each type.
 
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