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ING Direct LOC?

Valued Contributor

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?

Message 1 of 10
9 REPLIES
New Contributor

Re: ING Direct LOC?

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

Message 2 of 10
Contributor

Re: ING Direct LOC?

What is LOC?

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
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Message 3 of 10
New Contributor

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.

EQ FICO 695 (4/26/2012)
TU FAKO CK 723
Lender Pulls (for mortgage) 12/03/2012 - 698 EQ, 729 TU, 721 EX
Business Cards: Discover Business Miles and US Bank FlexPerks Cash Rewards
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Message 4 of 10
Valued Contributor

Re: ING Direct LOC?

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

Message 5 of 10
Mega Contributor

Re: ING Direct LOC?

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



EQ FICO 548 3/3/16
Message 6 of 10
Super Contributor

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.

Message 7 of 10
Valued Contributor

Re: ING Direct LOC?

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

Message 8 of 10
Established Contributor

Re: ING Direct LOC?

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

Message 9 of 10
Frequent Contributor

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.)

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Message 10 of 10