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Established Contributor
corymcd88
Posts: 809
Registered: ‎12-12-2011

ING Direct LOC?

Does the LOC repot to the credit report if you use it well? One rep said yes one said it may or may not report. Has anyone had thier LOC report?

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New Contributor
melbaro
Posts: 89
Registered: ‎08-03-2012

Re: ING Direct LOC?

Good question. I have never seen mine report, but I have never needed to use it.

Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012

Re: ING Direct LOC?

What is LOC?

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New Contributor
baronofthenorth
Posts: 72
Registered: ‎03-19-2011

Re: ING Direct LOC?


wealthcreator wrote:

What is LOC?


LOC = Line of Credit

 

In the case being asked about here, they are referring to the LOC attached to an online checking account (for overdraft protection) from ING Direct, FSB (now wholly owned by Capital One).  

 

The LOC on my account does not show on any credit report so far.

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Established Contributor
corymcd88
Posts: 809
Registered: ‎12-12-2011

Re: ING Direct LOC?

I would like it to report as it is a LOC a little diffrent then a credit card line.

Walmart / SYNCB - 3,300/6,000, JCP MasterCard / SYNCB - 1,000, Dillard's / SYNCB - 3,000, Amazon / SYNCB - 1,500, Chevron / SYNCB - 1,000, Belk / SYNCB - 3,000, Aeromexico Visa / US Bank - 300, Capital One - 500/1,700, Bank Of America 123 Cash Back - 2,500, Wells Fargo - 300, AMEX ZYNC - NPSL, AMEX Gold Card - NPSL, AMEX Hilton HHonours - 2,000, USAA AMEX - 250, PenFed Platinum Rewards Visa Signature - 23,400.
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: ING Direct LOC?

I don't think it does, I ended up closing my ING account.



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Senior Contributor
Ron1
Posts: 4,749
Registered: ‎05-23-2009

Re: ING Direct LOC?

ING Direct Overdraft LOC doesn't report. Only Orange Loan Account reports. You cannot apply for it. They offer it to you thru pre-approval.  I know a few people get it.

 

 

Ron.

Established Contributor
corymcd88
Posts: 809
Registered: ‎12-12-2011

Re: ING Direct LOC?

I have spole to a person that has overdraft LOC and they said it does report.

Walmart / SYNCB - 3,300/6,000, JCP MasterCard / SYNCB - 1,000, Dillard's / SYNCB - 3,000, Amazon / SYNCB - 1,500, Chevron / SYNCB - 1,000, Belk / SYNCB - 3,000, Aeromexico Visa / US Bank - 300, Capital One - 500/1,700, Bank Of America 123 Cash Back - 2,500, Wells Fargo - 300, AMEX ZYNC - NPSL, AMEX Gold Card - NPSL, AMEX Hilton HHonours - 2,000, USAA AMEX - 250, PenFed Platinum Rewards Visa Signature - 23,400.
Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011

Re: ING Direct LOC?

My ING line of credit did not report to the credit bureaus.

Frequent Contributor
steve23111
Posts: 354
Registered: ‎08-09-2011

Re: ING Direct LOC?

I have had a $1,000 Overdraft Line of Credit on my ING Electric Orange account for several years now and can confirm that it does not report.  This OLOC comes up from time to time on here and at one point someone had received a fun response from ING on the subject, something along the lines of ING reports OLOC's over $1000 to the bureaus, but does not issues OLOC's over $1000, or some such nonsense.

 

Bottom line, no, it won't report... at least not until you mess up something and don't pay it back within the allotted timeframe (7 days? 14 days? I forget.)

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