DOR is basically an old blacklist, and OSR is just like what HROK used to be. 😉 DOR is just a database for swapping info on customers who missed their payments. OSR handles processing and sharing data about current debts, plus anything already settled or closed by individuals and companies.
Everything is super clean on my end over at Chase—solid pay, zero overdrafts, six different products, and I get the max discounts. But because of some old debt I have sitting at another bank (which is basically ancient history anyway), they won't offer me any loans, pre-approved credit cards, or even let me use installment plans on my Visa. Honestly, I don't really need it, but you know how it is... they track every little thing.
Just keeping an eye on the DOR (blacklist). Because of the DOR, all credit offers—revolving cards, personal loans, everything—are totally blocked. As for the HROK, I haven't a clue.
Everything was totally transparent. I had full collision coverage for the entire duration of the leasing term (honestly, I would've opted for it even without the requirement since I paid it off anyway), a 20% down payment, and a 1% processing fee. No hidden fees or anything else. For the buyout $17, nobody even bothered asking about service history—I just took it to the dealership once a year like clockwork to keep the warranty intact, and there were zero mileage restrictions. Once a year, I just had to shoot over a photo of my registration renewal and some receipts showing the insurance was current.
I went through Bank of America for my leasing. I just filled out the pre-approval on their site and got the green light. A rep called me the next day to confirm everything was set, telling me all I needed to do was gather the paperwork—last three pay stubs, an employment verification, and the quote from the dealership. The whole thing was wrapped up in about two weeks. You can just pay via standard bank transfer or set up an automatic withdrawal.
I’m pretty sure they bumped that deadline up to 11 years. If the gap since the business relationship ended is longer than four years, it shouldn't even show up in the system. You can't really hide behind GDPR here; you'd have to look into whether there's a way to actually block certain data from being displayed. Back when we used the unknown, you could do that, but it would just add a note for the user saying the client opted out of showing certain info. With the unknown, that’s not an option (since that was basically the old blacklist), and for the OSR, you'd need to check with the unknown.
Like I said back in post number 3, you're better off just walking into a branch of your own bank and asking them directly. The requirements for credit reports have shifted lately, and they haven't posted a new fee schedule anywhere.
1. You can just ask for a statement at any bank where you actually have an account. You don't even need to give them a reason. 2. True, Diners Club isn't part of the OSR system, though they are under DOR. You can't even see your actual balance there, just your approved limits and debts. 3. Honestly, your best bet is to just request a statement and check for yourself. 😉
@electricbadger89 which revolving line are you talking about? Did you have an American Express revolving credit account or a Mastercard/Visa from Chase?
@ironcyclist58 nah, just the Visa member. No Chase card.
That’s HROK and it’s a post from 2014. OSR is similar to HROK, but they aren't the same thing. I used to check HROK all the time, and until Visa showed up on the list (not Citigroup, I mean actual Visa), I never saw my Diners revolving option. Same goes for my American Express revolving credit—since my Chase card was never even on the HROK user list, and Chase is a user. My last statement was dated February 13, 2018.
Someone needs to chime in with actual, verified info from a recent statement. There's no point in just guessing and assuming.
Not really, card issuers aren't part of the OSR system. By that logic, you wouldn't even list RBC and their mortgage division separately. It's all just under RBC. 😉
Funny enough, PNC Bank isn't on the list, but they show up in DOR.
The system just automatically freezes your card. It’s stated right there in the app. 😉 I was talking to folks at the ECB, but my advice is to push back everything you possibly can.
It doesn't matter if you didn't sign up for unemployment. You can request a moratorium once you have your termination notice in hand. Just try to get those payments pushed back for at least three months.
The biggest issue with credit cards is that people lose all sense of spending control. They act like they’re burning their own cash instead of the bank's, totally forgetting it actually has to be paid back eventually. I went through the exact same thing years ago... everything from cash advances to cashing out checks (yeah, those were options back in the day, if you know what I mean) until I finally sat down, crunched the numbers on paper, and realized I was spending way more than I was making. I was basically just handing them a pile of fees. I don't really agree that being in the red or using cards is inherently evil. They're useful tools in certain situations; you just have to learn how to manage them. Anyway, back to your mess.
So you say you were handed a severance package due to a layoff. Why didn't you ask for a moratorium on your loans and credit card payments? You could've at least gotten a 3-6 month grace period while you get back on your feet. And honestly, how are you planning to take out a loan if you're already drowning in debt and just starting a new job? I highly doubt any bank is going to cut you any slack. Take that termination notice—if you still have the paperwork—and try to request a payment deferral. You can shoot me a private message with the names of the banks or card companies involved, and I'll see if I can help you out. There's no such thing as opening a protected account before a freeze hits; you can only open one once there's an actual reason to. Exhaust every possible option before things hit collections, because that leads to extra costs and messes like getting blacklisted from credit bureaus and stuff like that.