Anyone know the answer is this bad?

[MYFICOisWACKO2]

Hi guys,

Expert Question here.

Woudl this hurt my credit if this is showing on the file.  This is all the info I have on it.  Hope this helps.  Also does high balance being higher than limit hurt and mean I went over my limit?  TIA! 

Name: BOA

Account Type: Revolving

Account Status: Lost or Stolen

Monthly payment: -

Date Opened: 8/2006

Balance: -

Terms

High Balance: $546.00

Limit: $500.00

Past Due: -

Payment Status: Current

Comments: Credit Card lost or stolen

[Chris123nTx]

Of course i only know for me, but i have had that same exact thing reporting, including the apparent over limit and it never cost me a thing as far as fico points, or denials or anything else.

Dont think it is anything to worry aboit. Are they correctly reporting the replacement card info?

[Walt_K]

High Balance being higher than the limit is not scored.  On a manual review, the person wouldn't necessarily know you went over your limit because you could have had your limit decreased to $500 from a higher amount.  That said, I don't know how they actually look at it, and I wouldn't be surprised if they make some assumptions.

I don't think any of the other things about the account are bad.  It's just a closed account because the card was lost/stolen.  Are there negative entries for the account, like late payments?

[MYFICOisWACKO2]

Thank you and yes they are reporting the accurate info on the replacement card. 

Thanks for you help again!

[LS2982]

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@MYFICOisWACKO2 wrote:

Hi guys,

Expert Question here.

Woudl this hurt my credit if this is showing on the file.  This is all the info I have on it.  Hope this helps.  Also does high balance being higher than limit hurt and mean I went over my limit?  TIA! 

Name: BOA

Account Type: Revolving

Account Status: Lost or Stolen

Monthly payment: -

Date Opened: 8/2006

Balance: -

Terms

High Balance: $546.00

Limit: $500.00

Past Due: -

Payment Status: Current

Comments: Credit Card lost or stolen

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I don't think so since the comments state lost or stolen. I don't believe FICO dings it for that.

[atarvuzdar]

On the opposite (positive!) side, this may be a good thing for your credit score. If this account is showing as closed, and you have a new account showing on your credit report with the same opened date in 2006 and there are no lates on either account, then that is 2 positive tradelines according to FICO scoring--and both with an older open date from 5-6 years ago, which could be good for your AAoA.

Good luck!