@Andy77 wrote:Well...I checked my EX report today and almost fell out of my chair....
Not only did my new secured account report, but it did not report as secured. The tradeline states a credit limit and "revolving terms"
In addition to I was VERY happy to see Citi made another mistake, my other Citi card with them that had been included in my Bk ch 7 which is not discharged is no longer on my report at all...odd but true.
So, in conclusion, despite what letters say, CSR say, and Supervisors say...NO ONE AT THIS BANK knows anything or else the person at the top, ie Supervisor would have told me the correct information the first time.
I am however delighted in my findings
Nice! Mine reports as secured. Possibly since you had a Citi acct. they just updated the field entries rather than creating a new one. It is astonishing how wrong the various Citi people were about secured cards not reporting to CRAs. I guess they are under so much stress that turnover and job attention suffers. There are a lot of customers with stress too and that doesn't make for happy days.
Having a "secured" label on an account is a double edged sword. One one hand it (usually) says your credit history wasn't good enough to get a regular CC. On the other hand it is the only real way potential creditors know that you actually have savings. I know several high credit score people that went out and got Citi cards just to get the high CD interest. That wasn't me though as I switched to a debit card in the 90s and had closed all my credit cards over ten years ago. Also got a few baddies from, well, general flakiness. So I had horrid credit a year ago (didn't even qualify for a FICO score). Now, thanks to WF and Citi secured cards my FICOs are around 700 with an average age of only about 7 months. So I like 'em. I'm actually hoping that Citi doesn't "graduate" me after 18 months. At least if the CD is still paying as much.
