Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts


[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by AUTOCRAT ( on September 05, 2002 at 20:28:46:

Ok folks, first of all, I am very well versed at reading credit file's. I do it all day long, and have so for the last 16 years. My problem is, with my own credit file. I have a problem with my two Capitol One Credit Cards. One Visa, and the other Mastercharge. The problem is that for some untold reason, Capitol One doesn't report your credit limit. I treports your high credit. In other words, if you got a new card with a five thousand dollar limit, and you went and charged a balance of $869, the next time it was reported to the credit bureau's it would look like you had a limit of $869, and a balance of $869, wich in turn makes it look like you have maxed-out your limit. When in reality you still have $4131 available. Capitol One is the only credit card company that seems to do this. I called and got a supervisor, and asked why my credit limit was not being reported, and was told that they only report the highest credit ever used. I am highly pissed, due to the fact that a maxed-out credit card adversely effects your credit score. And I need some advice.
Thankyou for any help!

Follow Ups:

Post a Followup




[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]


    Top Of Page


Copyright 1999-2002 Enkephalos Web Design