General Categories > Newsworthy

FNB Ends Relationship with NRA

<< < (4/4)

Kendahl:

--- Quote from: BranchMillardian on February 23, 2018, 03:45:08 PM ---....it was through them I was also compromised by the Equifax hack.
--- End quote ---
The breach was at Equifax, not FNB. It didn't matter where you banked as long as Equifax had information about you.


--- Quote ---Does anyone have a suggestion for local banks I can talk to? I'd like to see about moving my home loan and checking accounts to someone else.
--- End quote ---
Try a credit union. Because my wife worked for the City of Omaha, we were able to switch our accounts to the Omaha/Douglas Federal Credit Union after Wells Fargo mistreated a friend of ours.

Home loans used to be held by the institution that originated them until they were paid off. That's no longer the case. They are now a commodity subject to sale whenever the institution decides selling is better than holding. Fifteen years ago, we refinanced with Cass County Bank to get a lower interest rate. They did a good job without gouging us with BS fees but were up front about selling our loan as soon as they could find a buyer.

Our VISA card used to be with Principal Bank in Des Moines. (They bought our mortgage from Cass County Bank.) FNB acquired us when they bought Principal's credit card operation. If the NRA can find a new bank to work with, we will switch to theirs even though unfreezing and refreezing our credit reports will be a PITA. Except for paying off the balance every month to avoid interest, we are very attractive customers for a credit card issuer.

BranchMillardian:
Thanks for the info, Kendahl. Yes, I understand that the breach was Equifax. However nobody else had my personal info (save for until I went in and got a home loan through FNB. It was probably my own naivety in understanding how they run a credit check, and I did not understand that they were going to use Equifax. If they had I probably wouldn't have given them my info. So basically they ran a credit check on me without informing me who they would use in the process.

I know that's par for the course with most people, however I'd spent 20+ years in the workforce without that knowledge being in the hands of anybody else except my employer, the .gov, and State Farm (who didn't run credit reports on me since I've been with them so long). I paid cash, didn't use credit cards, except through SF. Even when we used to rent I arranged that utilities companies didn't have my SS. I use a PIN and give them credit references. When I initially went into the bank they were flabbergasted that they couldn't find me when they ran a credit report. They said that there were two of me. One without a SS, but a credit score of almost 800. Then another with my SS and it was 0 and no associated addresses. "It's like...uh, basically you're a ghost or something."  ;D But I guess that horse is out of the barn now...


And thanks again for the tip on credit unions. That completely slipped my mind. I will look into them.  I believe even State Farm has one and I've had a very good and long track record with them.

Kendahl:
FNB probably checked all three credit reporting services. I'm surprised you managed to remain underground so long. Auto insurance companies now use credit score as an indicator of personal responsibility. We have had house, auto, personal articles and umbrella liability with State Farm for years. Our agent was Joe Falcone who has just retired. State Farm took very good care of us after the big hail storm went through Omaha and Council Bluffs two or three years ago.

Before my wife and I moved to Omaha in 1974, we had a credit card in Kansas where we were college students. When the card expired, the issuer refused to renew it claiming that we had moved out of their area of operation. (These days, you can get a card from anywhere.) Applications for cards up here were rejected because they couldn't find a credit history for us. At the time, our bank was Northwestern National. (It was bought out years ago.) A personal banker there was astonished that we couldn't get a card. He begged us to complete one more application which he would shepherd through the approval procedure. That's how we got our first credit card in Omaha.

I was a physics graduate student at Kansas State in the early 1970s. One of my colleagues was married with a couple of children and, therefore, broke. He received a credit card in the mail and began using it. However, since he was broke, he couldn't make the monthly payments. The issuer charged interest, penalties for non-payment and interest on the penalties. Finally, they contacted him personally about the balance. He pointed out that they had nothing with his signature that promised he would pay them back. He and the issuer made a deal. They would cancel the card; he would pay them back at a rate he could afford but without interest or penalties and not until he graduated and found a job; none of this would appear in his credit history.

Navigation

[0] Message Index

[*] Previous page