@Anonymous wrote:
@score_building wrote:
@Anonymous wrote:Hello, Everyone!!
I too noticed on my CCT pull that my util had gone up (not by very much though). I looked over my reports and saw that my Macys limit was reporting $0. I called the backdoor # this morning, and the CSR told me also that they will NOT be reporting the limit ANYMORE. It is more of a guideline and will report as a retail card. But, check this out....if you have a balance, that will report...with a $0 CL/GL. That sucks!! I was glad to get my Macys card back after BK, but now it's really only good for the coupons!! No need to call every 3 to 6 months anymore, as it won't help util %.
Thank goodness, I have been PIF'ing every month and that my GL is only $400! This new reporting (or lack thereof) would have really screwed my Util up, as I do have balances on 3 other credit accounts. I am paying them down, but it really would have hurt right now as I am house hunting. This really could have hurt mhy score, and possibly my chances for mortgage approval. My score did not drop, as the gl is only $400 and it has a $0 balance.
Jelly
According to Macys, the accts that are reporting $0 are due to an error that will be fixed, it should be blank so it is removed from calculation.
If you have a $0CL reporting you may want to call so they can remove it for you sooner rather than later.
Yes the rep told me this as well, BUT if you have a balance on the card, that balance WILL be factored into the Util as it WILL be reported to the CRA.
arghh! also, I guess the CL not reporting removes it as a cushion for those who PIF but liked to have the CL report for padding overall util, etc.
This is just a big fat mess 
This is just a big fat mess
AGREEEED!
@score_building wrote:arghh! also, I guess the CL not reporting removes it as a cushion for those who PIF but liked to have the CL report for padding overall util, etc.
This is just a big fat mess
Correct!!!
Oh my gosh guys!!
I am very confused right now and I need clarification...PLEASE!!!
I currently have a mortgage pre-approval that will be expiring 6/17/10 and they will need to re-pull my score to update
the pre-approval.
I'm already concerned that my Orchard may not post my $0 balance as I have heard they sometimes don't.
NOW THIS!!! I only have 3 CC's!!! Macy's, Orchard, and Kay!!
I have a balance on my Macy's....do I need to PIF this thing or what? WHat EXACTLY is going on? Is it going to be included in DTI or not?
They still report on Statement cut off dates correct? If so, my statement cut off for this month is May 16th. May 19th is 3 days later.
Will I have to wait till June 16th to see change? Ugh I'm cutting this close!!
Starting Score: 615
@llecs wrote:I'd PIF your Macys and it won't have any negative impact on you, assuming it reports a $0 balance by the 16th or so. Do some math. X out your Macys CL and make sure your overall util is OK.
....or pull your two FICO reports to see if there's any impact. If none, then don't worry. I'd probably bring up the reporting issue with your lender just to be safe.
K. I just checked my EX annual CR and it's showing N/A. I'm pulling my EQ fico on the 17th to check my Orchard, so i'll kill 2 birds with one stone there.
I also noticed on my EX Macy's softed me on 3/10/10!! I wonder what that was for??? Hmmmm I opened this account 9/2009 with of course no lates. They are weird!!
@happy0510 wrote:
@llecs wrote:I'd PIF your Macys and it won't have any negative impact on you, assuming it reports a $0 balance by the 16th or so. Do some math. X out your Macys CL and make sure your overall util is OK.
....or pull your two FICO reports to see if there's any impact. If none, then don't worry. I'd probably bring up the reporting issue with your lender just to be safe.
K. I just checked my EX annual CR and it's showing N/A. I'm pulling my EQ fico on the 17th to check my Orchard, so i'll kill 2 birds with one stone there.
I also noticed on my EX Macy's softed me on 3/10/10!! I wonder what that was for??? Hmmmm I opened this account 9/2009 with of course no lates. They are weird!!
Really?!?! That is interesting. Maybe they were cleaning house. I was softed too (EX) on 3/10/10 by Macys and Bloomingdales, & figured it was because of the recent CLI increases. Guess not. These guys......
Hi everyone, I have been off-line for a few days now and I was ready to call Macy's and give them an earful as to what was going on until I read this thread with the reporting of my Macy's account as all three reports are not showing my $4,800.00 cl but it did not forget to report my balance though LOL I will wait and see how this plays out.