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I have a checking acccount with California Coast Credit Union, and I really like them. I also have a checking account with US Bank, only because it's directly across the street from where I live for the convenience. They also have a branch in the Vons store in the College area is open on Sundays. But I hate that account! When I get a permanent job, I'm going to close it. They put holds on my checks, and there's always a line. There's never a line at California Coast, and if one starts forming, they open more windows.
I vote for California Coast, but I've heard good things about Mission Federal, too.
Thanks so much!! Yeah, I did some looking at previous threads in the SD forum...and California Coast seemed to win the consensus.
We have Chase at the moment and, to be honest, we haven't had any issues. The main reason we opened it was when we moved they had branches here and where we used to live, so it was convenient for us to get to our money. Now that it looks like we're going to be in San Diego for awhile, I'd like to open an account with a local CU.
I had a personal and business account with Wamu, and when they changed over to Chase, I had nothing but problems. So I went with CalCoast and US Bank. But as soon as I'm rehired by the Navy, I'm opening an account with Navy Federal, and getting rid of US Bank.
I mainly use the CalCoast Park Boulevard and Hillcrest branches. Once in a while, I'll use the downtown branch. I've found all of them to be very nice. They issue your debit card at the branch, so you don't have to wait for it to come in the mail. My debit card was compromised once, and I had a call from a live person asking if I was in Japan trying to use my card. When I said no, they immediately cancelled it, and told me to go into the closest branch office the next morning to have a new one issued with another number on it. That's what I call service!
Can you not open another credit card? It is better than a debit card. What is you current utilization? That is what really affects your credit score not the fact that you carry a balance.
Can you not open another credit card? It is better than a debit card. What is you current utilization? That is what really affects your credit score not the fact that you carry a balance.
I *think* our utilization is about 15-20% of our credit line. I think my score is in the 740's or so last time I checked. I tried to apply for a business credit card about 3 months ago and was denied, which was kind of puzzling, and so I'm just kind of paranoid to make a hard query on my credit.
I had a personal and business account with Wamu, and when they changed over to Chase, I had nothing but problems. So I went with CalCoast and US Bank. But as soon as I'm rehired by the Navy, I'm opening an account with Navy Federal, and getting rid of US Bank.
I mainly use the CalCoast Park Boulevard and Hillcrest branches. Once in a while, I'll use the downtown branch. I've found all of them to be very nice. They issue your debit card at the branch, so you don't have to wait for it to come in the mail. My debit card was compromised once, and I had a call from a live person asking if I was in Japan trying to use my card. When I said no, they immediately cancelled it, and told me to go into the closest branch office the next morning to have a new one issued with another number on it. That's what I call service!
Hmmm... I just realized that my husband's grandfather was a pilot in WWII (we have docs to back that up), so I wonder if we'd qualify for Navy Federal. I'll have to check that out.
So, my husband and I own a business and recently we’ve had some issues with payment from our largest client. It has, unfortunately, put us in a small amount (around $4,000) of credit card debt from using credit to take care of everyday expenses (NOT from overspending), and not having the cash flow to comfortably pay if off in full. I’d rather not get into the details around this, but we may not be getting all the money owed to us for a long time—if ever. Without getting any of the money owed, we should have our credit cards back down to $0 in about 6 months.
Anyhow, since we’ve always paid the cards off in complete every month until now… we’ve previously used our credit card for basically every expense and reaped awesome cash back benefits from it. However, since we can’t pay it off fully at this point, I don’t feel comfortable using the cards at the moment for anything.
Until we get our credit cards down to $0, I want to pay for everything directly from my bank account. With that being said, I’ve always been super nervous about using my debit card for everyday purchases. In the instance that someone gets a hold of my number and uses it fraudulently (which I’ve had happen several times with my credit cards) I don’t like having my funds open. Of course things get corrected quickly—but I hate that my “real†money would be open for attack—rather than it just being my line of credit. On the other hand, I hate carrying cash around…makes me super nervous and I have a weird paranoia regarding ATMs. I don’t wish to use checks due to the hassle and because that leaves my signature, bank account number and routing number wide open to potential fraud.
So my solution is that I’m thinking of opening up another bank account with a credit union for “just†our everyday expenses (not rent or critical utilities). Basically I’d just keep the account filled with things I’d use my debit card for (groceries, gas, pharmacy, etc). I’ve wanted to open a credit union account anyhow, since at the moment we have all our money with a large national bank. My thought is that if someone was to steal my number for this, it really wouldn’t be that big of a deal as it wouldn’t prevent us from paying for our “big†expenses like rent.
Anyhow…is this a good idea? Is there any harm in having multiple accounts like this? Will a hard pull be done on my credit to open the account?
PS—I know a lot of you here follow the Dave Ramsey ideals and think credit cards are evil. I don’t necessarily agree—and honestly in this situation credit cards saved our butts from being in an even worse situation. If used properly, credit cards are really quite useful.
First off -- Aw, crap that you're not going to get the whole amount due you. That's awful.
Second -- we have an eBay account for the much the same reasons -- one dispute from a seller and Paypal can take your cash. Much easier to not have that much in the account anyway.
First off -- Aw, crap that you're not going to get the whole amount due you. That's awful.
Second -- we have an eBay account for the much the same reasons -- one dispute from a seller and Paypal can take your cash. Much easier to not have that much in the account anyway.
Honestly, I'm not feeling too bad...kind of one of those "worth the loss to not have to deal with a client any longer" type of situations. Luckily our biz is completely a "service" as we do web/POS development, so it's not like we had to take a loss in materials or anything. Just our time that was wasted.
Oooh, I never thought about that with eBay. Good point!
Location: Chapel Hill, NC, formerly NoVA and Phila
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Quote:
Originally Posted by thepinksquid
Hmmm... I just realized that my husband's grandfather was a pilot in WWII (we have docs to back that up), so I wonder if we'd qualify for Navy Federal. I'll have to check that out.
I think he'd have to join (if he's still alive) and then your husband can join based on his grandfather's membership. If your dh's grandfather is not alive, I'm not sure if you can join or not.
We are members of Navy Federal and love it. My husband had a relative who joined and then he joined off that relative. Then I joined then my siblings and parents joined.
We've always had a completely separate business checking and savings account from our personal account. But both are at the same bank. Things might be different now and banks might have tighter regulations, but 4 years ago we just took all of our business info into the bank and got business credit cards and even a line of credit for the business.
It helps to keep everything completely separate.
It might be easier to get a business credit card if you have a business checking account.
Navy Federal is great, but they have joining restrictions. The restrictions are on their website. As soon as I'm rehired by the Navy, I'm going to join. I've already tried, but I'm currently not eligible even though I used to work for DOD.
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