CLD - what limit is suppose to show on reports

[CHARGE_IT]

I have read some about this and now can't find. My partner's two BoA accounts have been reduced twice in thirty days. (probably balance chasing, will know soon) They have left both accounts over eighty percent UTL and the scores have dropped fifty points. It states this is the reason on the reports.

The credit history is crystal clear, with healthy and sane usage. It is obviously arbitrary and our only concern is the UTL showing on the report. We can pay part and BT the rest but feel if they are suppose to be showing the original limit until it is paid then I would like to see them do that. I did read that here, but one never knows who knows what.

Any specialist out there on this subject would really appreciate your insight.

Thanks,

CI

[Anonymous]

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CHARGE_IT wrote:

The credit history is crystal clear, with healthy and sane usage. It is obviously arbitrary and our only concern is the UTL showing on the report. We can pay part and BT the rest but feel if they are suppose to be showing the original limit until it is paid then I would like to see them do that. I did read that here, but one never knows who knows what. 

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Unfortunately, no. Each time they CLD the new limit is the limit that will be reported. They are not required to report a previously higher limit as the current limit as they chase a balance. I believe doing so (misreporting the current limit) would be a violation of the FCRA-- they have to report correctly if they report at all. 

[Uborrow-Upay]

CHARGE_IT, maybe the credit limit reporting thing you read had to do with how utilization is figured re: closed accounts w/balances in the mix.

(Don't know if this is what you were refering to, but here it is, for what it's worth).