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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.