last year I went for debt relief due to high debt. By January, all debts paid off in settlement, USBank and Target promptly reported my settlement to all 3 credit bureaus, but not Capital One or Jared–6 months later they’re still killing my credit score by not reporting settlement, so now I have to approach all 3 bureaus with all my documentation to see if they can get results. Why are they being so stubborn, not to mention unethical by refusing to post payments? Anyone else have these problems
Is this the jewelry store chain “Jared” you’re talking about?
(I bought my wife’s engagement ring there a long time ago, because she loves their chocolate diamonds.)
“Chocolate diamonds” are an interesting story in that someone took the brown diamonds that traditionally had little value in the gemstone market, called them “chocolate” instead, and now people want them.
yes it is–they were great when I was a customer, but now…
Yeah… Granted, “chocolate diamonds” are not just any brown diamond, but a particular range of colors (C4-C7 on the Argyle’s color scale) and clarity (Slightly Included or “SI” or better) being marketed by Le Vian. But it’s true that brown diamonds were previously considered unattractive, and held little value before a recent marketing effort.
Then again, that’s the story of diamonds in general. Diamonds have long been an attractive stone for decorations and jewelry going back into antiquity (being used as beads as far back as 2000 BC). But they weren’t considered a premium luxury item until the 20th century, when a massive marketing effort by the De Beers group, and the careful control of supply from that company in collaboration with others to force scarcity through what was essentially a monopoly. That monopoly ended only recently, but I think it will be generations before the market goes back to normal.
I don’t really see the appeal of brown diamonds, but that doesn’t matter because my wife does, and she absolutely loved that ring.
I empathize. I went through something similar with Kay Jewelers more than 20 years ago. My credit rating was all screwed up, and it took time to repair it even after I got the debt settled. Though I don’t think I had to go through as much trouble as you… I think I just had to call a couple of people and wait a couple of months and then it was okay. My credit rating is excellent today (though that’s also through careful usage of credit and prompt payment in the decades since).
It may be relevant that both Kay Jewelers and Jared are subsidiaries of Sterling Jewelers.
Along with others I am familiar with, Weisfield and Zales. Dang.
I have no personal experience with Capital One, but I have heard lots of complaints. Lovely Jennifer Garner commercials notwithstanding.
But who am I? My mortgage is held by Wells Fargo, who could have their own Pit thread.