Reply
Frequent Contributor
Posts: 408
Registered: ‎01-03-2009
0

Credit Card Question

I have a cc reporting with no loc it shows high balance and current balance and payment due

but not reporting credit card loc the card has around 3k on it the loc is 35k I am wondering if this not being reported is messing up my ultization

 

anyone know?

my other cards show the loc this 1 dosent

2wheel
Established Contributor
Posts: 645
Registered: ‎10-24-2007
0

Re: Credit Card Question

[ Edited ]

Is it messing up your utilization?...yes, I'm sure it is.  I've seen other threads here about cards that don't report limits...they always seem to be high limit cards. I believe some people choose to run the card up and then pay it off so that the high balance showing on reports kind of acts like the cards limit.

 

 Do a search here aand you may be able to find more information. Or wait a bit and someone who knows more about them will answer.

Message Edited by VEEnVEGAS on 03-06-2009 06:35 PM
Message Edited by VEEnVEGAS on 03-06-2009 06:38 PM
Frequent Contributor
Posts: 408
Registered: ‎01-03-2009
0

Re: Credit Card Question

I was wondering the same it shows no credit limit but has the highest credit balance on it how would fico determine the ulti if there is no cl showing

2wheel
Established Contributor
Posts: 645
Registered: ‎10-24-2007
0

Re: Credit Card Question

Not sure, but I believe the reporting high balance sometimes acts as the cards limit.
Frequent Contributor
Posts: 408
Registered: ‎01-03-2009
0

Re: Credit Card Question

then it would hurt a little if thats the case because card is 35k it only showing 22k
2wheel
Established Contributor
Posts: 645
Registered: ‎10-24-2007
0

Re: Credit Card Question

Which card is this?  Is it possible to do a product change?
Frequent Contributor
Posts: 408
Registered: ‎01-03-2009
0

Re: Credit Card Question

chase freedom card dont want a product change this card has been very good to me
2wheel
Established Contributor
Posts: 645
Registered: ‎10-24-2007
0

Re: Credit Card Question

Try reading the thread below...maybe some help there.

 

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=149697

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.