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Regular Contributor
Steelersfan904
Posts: 150
Registered: ‎05-04-2012

Capital One! UGH! Updated Mid-Cycle!

Has Capital One did this to anybody else? They finally reported my new card on August 6th to All 3 CBA and I had a $0 balance then I get an alert this morning saying one of my account balances increased....WTH I thought so I check and C1 reported my balance of $167! Why would they do this mid-cycle? I lost 14 freaking points



Starting Score: 502 5/4/2012
Current Score: 640 08/03/2012
Goal Score: 700


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Member
The_Gardener
Posts: 36
Registered: ‎08-14-2012

Re: Capital One! UGH! Updated Mid-Cycle!

ouch. but it is cap one..

In my wallet, Discover More, BOA 1 2 3. AMEX PRG (au)

EX-722(AMEX DENIAL)
EQ-692
CK-734
CS-703
Established Contributor
lithium78
Posts: 928
Registered: ‎07-30-2011

Re: Capital One! UGH! Updated Mid-Cycle!

I lost 3 points in the same way.  They are a ridiculous CC company.


Starting Score: TU: 566
Current Score: TU: 736 (Walmart FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
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Frequent Contributor
compassion101
Posts: 487
Registered: ‎06-06-2012

Re: Capital One! UGH! Updated Mid-Cycle!

Might seem like a pain but unless you are applying for credit this month it shouldn't really mean anything to you

Frequent Contributor
Dadaluma83
Posts: 364
Registered: ‎08-23-2011

Re: Capital One! UGH! Updated Mid-Cycle!

^This

 

Unless you were planning on apping for credit this month and needed to have the best score possible. Reporting a balance is a non issue.

FICO Scores: TU: 768 (Jan 2012), EQ: 755 (Jan 2012 Lender pull)
Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012

Re: Capital One! UGH! Updated Mid-Cycle!

What the previous 2 posters said.

 

BOA: 8.9k
CSP: 5k
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Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
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Contributor
SpiceIslander
Posts: 315
Registered: ‎02-01-2010

Re: Capital One! UGH! Updated Mid-Cycle!


Steelersfan904 wrote:

Has Capital One did this to anybody else? They finally reported my new card on August 6th to All 3 CBA and I had a $0 balance then I get an alert this morning saying one of my account balances increased....WTH I thought so I check and C1 reported my balance of $167! Why would they do this mid-cycle? I lost 14 freaking points


14 points seem like a whole lot for 167.00! That's downright scary.

Meg.

FICO: 02/2014 - TU 756 | EQ ??? | EX 769

Amex BCP 12900 | Lowes 10,000 | LOC 9300 | Sallie Mae/Barclays World MC 9000 | FNBO 7100 | BOA Platinum+ 6000 | Citi Simplicity 5200 | Chase CSP 5000 | Achieva CU 4000 | Discover 3000 | Sam's Club 3000 | Sears 900
Regular Contributor
Steelersfan904
Posts: 150
Registered: ‎05-04-2012

Re: Capital One! UGH! Updated Mid-Cycle!


migliogiorni wrote:

What the previous 2 posters said.

 


I get that part but when you are rebuilding credit any downward score fall is not going for the moral lol. Hopefully I will gain it all back



Starting Score: 502 5/4/2012
Current Score: 640 08/03/2012
Goal Score: 700


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Established Contributor
UFGuy2006
Posts: 706
Registered: ‎08-02-2008

Re: Capital One! UGH! Updated Mid-Cycle!

You will gain this points back when it reports as zero. In due time your scores should even go higher.
FICO: EX: 752 (3/14); TU: 768 (3/14); EQ 711 (3/14)

In My Wallet: Amex X 5 | Barclays X 3 | BOA X 1 | CapOne X 3 | Chase X 3 | Citi X 6 | DCU X 1 | Discover X 1| Fidelity X 1 | Fifth Third X 1 | PenFed X 1 | PSECU X 1 | USAA X 2 | US Bank X 1 | Walmart X 1

Holding off apps for the next 6 months! Last inq 4/2/2014.
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Capital One! UGH! Updated Mid-Cycle!

They did that when I was a new customer too. Yes, it does suck :smileysad:



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