08-03-2010 08:24 AM
Macy's suddenly stopped reporting my credit limit, only the balance. How does this affect my score when they don't know my utilization?
08-03-2010 11:29 AM
They stopped around May or so. A lot of us were impacted. Per your FICO, that TL's balance and CL are removed from scoring. That's a good thing if it had high util. It's a bad thing if it had a low balance and the CL helped your overall util. My util spiked by over 20% after Bloomingdales and Macys (DSNB accounts) removed the CL. I lost over $7000 in available credit and my scores took a beating.
08-03-2010 11:32 AM
A lengthy discussion on this topic can be found Here
08-03-2010 05:26 PM - edited 08-04-2010 09:22 AM
I feel your pain. Just when I received a massive credit line increase ($1300) from Bloomingdale's and start doing the happy dance, I find out that they're no longer reporting credit limits to the reporting agencies. Oy! It's the epitome of bittersweet, lol.. BUT, the fact that they upped me by such a large amount gives me hope that I'm on the right track and should just keep doing what I'm doing and it'll pay off in the end.
Update: I found out that both Macy's and Bloomingdale's upped me to $1500... OH the cruel irony of it all. Work so hard to get credit limits within those ranges only to have them not being reported so other creditors can see the responsible man I've become, lol..
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.