Author Topic: Anybody here used to lurk @ fatwallet.com?  (Read 2889 times)

swampwiz

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Anybody here used to lurk @ fatwallet.com?
« on: September 20, 2018, 07:53:06 PM »
This was a great website for information on good deals, especially "credit card bombs" where an applicant would use his good credit to apply to a bunch of credit card with low interest rate balance transfers, and then wait for his credit score to get trashed by all the hard pulls, and then do it all over again once those hard pulls drop off.  Evidently, it has been shut down.

https://en.wikipedia.org/wiki/FatWallet

firehelp

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #1 on: September 20, 2018, 08:01:14 PM »
This was a great website for information on good deals, especially "credit card bombs" where an applicant would use his good credit to apply to a bunch of credit card with low interest rate balance transfers, and then wait for his credit score to get trashed by all the hard pulls, and then do it all over again once those hard pulls drop off.  Evidently, it has been shut down.

https://en.wikipedia.org/wiki/FatWallet

Inquiries alone won’t lower FICO scores more than a few points on very good credit reports. After 6 inquiries, it hardly moves scores. On the other hand, new accounts will lower FICO scores because average account age will go down.

I used to browse Fatwallet occasionally. You’re about an year late. :-)

ThatGuy

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #2 on: September 20, 2018, 08:09:30 PM »
It was shutdown several months ago.  A few of the regular posters started a new site https://www.fragiledeal.com/ 

pressure9pa

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #3 on: September 20, 2018, 08:25:04 PM »
I was actually a "founding member" of FW.  It spun off from a tech forum I believe.

Papa bear

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #4 on: September 20, 2018, 10:19:16 PM »
Man that was a great site. I used to frequent that site and andandtech forums hot deals. This was in the days of free dial up internet access and there were so many opportunities to pick up stuff for cheap.  We had a few neighbors who were on it too and we would all cash in on the stuff we got. This was way back in my nerdy HS build your own computer and overclock the processor days.


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lomic

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #5 on: September 20, 2018, 10:51:01 PM »
Quote
"credit card bombs"

The FW Finance forum referred to this as an "app-o-rama". In its prime before 2008 there were people getting hundreds of thousands a year in 0% APR card promos and throwing it in ~5% savings accounts. I was never that active, but I read the forums since 2005 or so.

DaMa

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #6 on: September 21, 2018, 05:37:45 AM »
Active lurker here.  Just about the time I was ready to try app-o-rama, savings account interest rates went to .25%.  I used those 0% cards to shuffle my up to $20k cc debt for several years in the 90's.  DH and I often look back and think if we knew then what we know now, we'd be millionaires.

meatgrinder

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #7 on: September 21, 2018, 12:19:56 PM »
ah the good ol days or app-o-rama and Suckisstaples (sis)

LSUFanTX

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #8 on: October 06, 2018, 08:50:49 PM »
Yup. I used to post as LSUFanatic there. The finance forum there was an incredible resource. Sad to see when it got bought out and ultimately shutdown.

Davids

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #9 on: October 08, 2018, 10:46:39 AM »
It was through fatwallet years ago that I found out about MMM. Those were the days.

ketchup

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #10 on: October 08, 2018, 10:58:47 AM »
I never posted but lurked there a ton back in the day.

MDfive21

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #11 on: October 09, 2018, 09:51:08 AM »
daily from mid 2010 til it was shut down.  i learned 90% of what i know about personal finance from FW and BH, the other 10% from FT.

Bucksandreds

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #12 on: October 10, 2018, 05:03:35 AM »
I had the same username there as I did here. I preferred that forum to this.  It was more diverse in terms of ideology which made for more interesting banter.

PhrugalPhan

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Re: Anybody here used to lurk @ fatwallet.com?
« Reply #13 on: October 10, 2018, 09:11:07 AM »
The FW Finance forum referred to this as an "app-o-rama". In its prime before 2008 there were people getting hundreds of thousands a year in 0% APR card promos and throwing it in ~5% savings accounts. I was never that active, but I read the forums since 2005 or so.
Those were the days.  At my max I had $70k in 0% offers earning 5% in CDs.  Oh well.... the good times can't last forever.
« Last Edit: October 10, 2018, 09:12:58 AM by PhrugalPhan »