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Macys

Moderator Emeritus

Re: Macys

Its a conspiracy.  Hahaha!!!Smiley Very Happy

Message 11 of 92
Established Contributor

Re: Macys

I've have a EQ reporting problem with Macys for over a year now. My active 20+ year-old account is reported as closed. I disputed it, then it would revert back. I gave up. I'll revisit some other time. Good luck with yours.

10/08 - EX 795 / EQ 816 / TU 806
6/09 - EQ 763 / TU 770

Starting Score (2/2010): TU-767, EQ-745
Current Score (2/2010): TU-767, EQ-745
Goal Score (12/2010): TU-780, EQ-790


Take the FICO Fitness Challenge
Message 12 of 92
Regular Contributor

Re: Macys

I checked today and Macy's updated all 3 accounts with $0 limit. I have a recent large purchase and my utilization skyrocketed to 70%! Smiley Surprised

 

I called Macy's and per the customer rep, starting May they will no longer report the "guideline limit" to the CRA. This is due to the new credit law that was put in place a month ago. She said my utilization maybe affected now but after May it will be recoded and should help with the credit score... We shall see

4/30/10: EQ 705 | TU 687
6/09/09: EQ 656 | TU 638 | EX 675 (FICO from LO)
5/11/09: EQ 584 | TU 539
Message 13 of 92
Senior Contributor

Re: Macys


ficonewbie01 wrote:

I checked today and Macy's updated all 3 accounts with $0 limit. My utilization skyrocketed to 70%! Smiley Surprised

 

I called Macy's and per the customer rep, starting May they will no longer report the "guideline limit" to the CRA. This is due to the new credit law that was put in place a month ago. She said my utilization maybe affected now but after May it will be recoded and should help with the credit score... We shall see


huh... recoded?

WTH?

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 14 of 92
Regular Contributor

Re: Macys


score_building wrote:

ficonewbie01 wrote:

I checked today and Macy's updated all 3 accounts with $0 limit. My utilization skyrocketed to 70%! Smiley Surprised

 

I called Macy's and per the customer rep, starting May they will no longer report the "guideline limit" to the CRA. This is due to the new credit law that was put in place a month ago. She said my utilization maybe affected now but after May it will be recoded and should help with the credit score... We shall see


huh... recoded?

WTH?


I could barely hear her but from what I heard, it has something to do with Macy's limit not being calculated in the fico score.

4/30/10: EQ 705 | TU 687
6/09/09: EQ 656 | TU 638 | EX 675 (FICO from LO)
5/11/09: EQ 584 | TU 539
Message 15 of 92
Valued Member

Re: Macys

Could all of this have anything to do with them switching their VISAs over to AMEX? I don't know why/if this would matter, just throwing it out there.


Starting Score: EQ 644 -- TU 713
Current Score: EQ 796 -- TU 780
Goal Score: EQ 800+ -- TU 800+


Take the FICO Fitness Challenge
Message 16 of 92
Moderator Emeritus

Re: Macys


ficonewbie01 wrote:

I called Macy's and per the customer rep, starting May they will no longer report the "guideline limit" to the CRA. This is due to the new credit law that was put in place a month ago.


Ugh.  That makes no sense - or all of our cc's would be required to report that way as well.  I think these CSR's are dancing as fast as they can.  When I called in yesterday, the CSR I spoke to was not aware of the reporting issue.  She had pulled her EXP and said hers was reporting fine and she couldn't imagine that there was a problem - it was the first she'd heard of it.  Told me to call the CRB's and get it corrected - silly CSR.
Just puttin' syrup on something, don't make it pancakes.
Message 17 of 92
Frequent Contributor

Re: Macys

This goes for Bloomingdales as well. Sorry guys. Smiley Sad


EQ Starting Score: 579 | TU Starting Score: 568
EQ Current Score: 650 | TU Current Score: 653
EQ Goal Score: 1000 | TU Goal Score: 1000


Message 18 of 92
Senior Contributor

Re: Macys


beamMEup wrote:

ficonewbie01 wrote:

I called Macy's and per the customer rep, starting May they will no longer report the "guideline limit" to the CRA. This is due to the new credit law that was put in place a month ago.


Ugh.  That makes no sense - or all of our cc's would be required to report that way as well.  I think these CSR's are dancing as fast as they can.  When I called in yesterday, the CSR I spoke to was not aware of the reporting issue.  She had pulled her EXP and said hers was reporting fine and she couldn't imagine that there was a problem - it was the first she'd heard of it.  Told me to call the CRB's and get it corrected - silly CSR.

I also have to call bullfeces on blaming the "new credit law."

 

This also reminds me of Macy's attempts to circumvent the prohibition on double-cycle billing by eliminating the grace period and then giving rebates to those who paid before the payment due date.

 

It seems like Macy's is starting to show characteristics of sleaze.

IAALBNYL
Message 19 of 92
New Contributor

Re: Macys

I called them the day I noticed the change on my CR. The CSR said  it was a mistake and that they had other calls with the same issue. The CSR informed me that it would be corrected. If it is true and they are not going to report the credit limit then I will dump them. If there not reporting credit limits them there useless to me.


Starting Score: 730
Current Score: 708
Goal Score: 775


Take the FICO Fitness Challenge


7/16/2009 (EX - 671)
8/16/09 (TU - 700, EQ 704, EX - don't care)
11/13/09 (TU - 730, EQ 718, EX - don't care) 3 - 90 day old new CC accounts Smiley Happy 4 - Inquiries
Message 20 of 92