12-01-2008 01:03 PM
I just got a Cap1 card last month (early November) with a 3,000 CL. I had originally read (here) that they were reporting only your high balance so, I charged it up and have been paying it off as I charge. I contacted Cap1 and asked for an explanation of what balance would be reported when and the guy I spoke with said it would report the balance on the 18th (statement date) and I just wanted to cry b/c my balance was like $1,800 on the 18th b/c I didn't pay until the 20th. I just pulled my reports today, and there still isn't anything on them - they aren't even showing the account! Can someone please explain what date they pull your balance from and when they report. Oh, and also, whether Cap1 is now reporting your true CL regardless of high balance? Thanks!!!! I'm so close to 700 now and I don't want to ruin it!
12-01-2008 01:09 PM
I am not sure when they report, but just pay down the balence and ask them to re-report for the month. Just say you are applying for a mortage and you need the most updated info.
If the high balence is only on for a month it'll only harm your Credit Score for a month.
12-01-2008 01:17 PM
12-01-2008 01:36 PM
12-01-2008 05:31 PM
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.