08-27-2011 02:43 PM
I have a Macys card from 1999 that was closed in 2004 and paid off in 2007. However it's still reporting every month. When I check my reports through equifax.com, experian.com & transunion.com they all show the open & closed dates correctly but show the last reported date as 8/11. Also on EQ & TU I get those little green squares all the way up to this month instead of when it was closed like my other closed accounts. This is weird but it's awesome because it's my oldest tradeline.
1. Is this normal for Macys?
2. Since it's already there, should I see if they can re-open it and keep the original open date? Or would that be equivalent to poking a sleeping bear?
08-27-2011 03:05 PM
Their reporting is weird. Mine is open but yet reports closed on EQ. Same for Bloomingdales. I know Bloomies is open at least because I successfully ordered something online this past week.
08-27-2011 05:56 PM
I don't know if it's normal. Apparently, I had a Macy's card from 10-12 years ago that's still reporting. I have a "new" one that I use that I got in '08. I don't the old account number or really remember anything about it, except that it had a $100 limit now being reported as "charge" and open!
08-28-2011 10:30 AM
08-28-2011 12:21 PM
Yes, Macy's is weird, I' ve paid off my major purchase and table top accounts, but they' re merged with the revolving account and they are all showing open. I am still truly, truly pissed at Macy's for not showing credit limits and it is really hurting my score. My credit limit used to be combined $10,000 so ouch. Once I pay them off completely, I will be closing these accounts as soon ad it hits the CRA.
I miss the days of reported limits. Per FICO scoring, since it is not reporting a CL, both the balance and the non-existent CL are excluding from FICO scoring. You can max it out to $10k+ and you won't see any impact as far as util goes (though you still have overall balances vs. $0 balances to deal with).
08-28-2011 05:25 PM
Are you saying that the balance is not configured in my utilization because it sure looks like it?
Excluded so as long as the CL isn't reported.
08-28-2011 07:03 PM - last edited on 08-28-2011 07:23 PM by MarineVietVet
That's good to know, too bad that Macy's CSR don't know that, they cant explain.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO