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gamblerx15
Posts: 65
Registered: ‎02-23-2008
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kay and jared

Well Just got my scorewatch report and jareds closed my account. Should I even bother to reopen

it since sterling financial is now splitting your credit limit amongst your cards instead of them

reporting as individual credit lines? opinions?

 

thanks


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Pushto700
Posts: 267
Registered: ‎07-28-2009
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Re: kay and jared

I opened my Kay & Jared accounts early last week and found that same thing when it hit my Experian.com report this weekend. Approved for 1500 for both (though I do know it is a shared line), reported as 750/each for Kays & Jared. That sucks. I almost want to close one soas to have the entire limit reflecting for one location.

 

I also wondered what would happen shoudl I purchase something for say, 1100.00 and if it would repoprt as 1100 with a 750 limit which causes me to appear to go over, dinging me hard.  


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happy0510
Posts: 807
Registered: ‎03-07-2008
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Re: kay and jared

Is there a reason why you have both Kay & Jared?  I'm curious.  I opened a Kay's in Sept. 2009, but it didn't come with Jared!


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Pushto700
Posts: 267
Registered: ‎07-28-2009
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Re: kay and jared


happy0510 wrote:

Is there a reason why you have both Kay & Jared?  I'm curious.  I opened a Kay's in Sept. 2009, but it didn't come with Jared!


I apped for both. Obviously same company, but one and the other will not have the same stock. A good way to keep the options open. It isn't automatic. You have to apply for it.


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
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rbh
Posts: 356
Registered: ‎06-25-2009
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Re: kay and jared

[ Edited ]

 


happy0510 wrote:

Is there a reason why you have both Kay & Jared?  I'm curious.  I opened a Kay's in Sept. 2009, but it didn't come with Jared!


It used to be that if you app'd for one, you were automatically approved for the other (as long as you applied for the other) and they would both show the full credit line on your reports, when in reality the single limit was split between the two cards.  That made it look as though you had more available credit than you really did.  Apparenly this is no longer the case which deals a blow to those who app'd for both cards for that specific reason.

 

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Pushto700
Posts: 267
Registered: ‎07-28-2009
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Re: kay and jared


rbh wrote:

 


happy0510 wrote:

Is there a reason why you have both Kay & Jared?  I'm curious.  I opened a Kay's in Sept. 2009, but it didn't come with Jared!


It used to be that if you app'd for one, you were automatically approved for the other (as long as you applied for the other) and they would both show the full credit line on your reports, when in reality the single limit was split between the two cards.  That made it look as though you had more available credit than you really did.  Apparenly this is no longer the case which deals a blow to those who app'd for both cards for that specific reason.

 


bump - for anyone who has seen any different in regard to reporting two full lines.


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
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FicoScore626
Posts: 253
Registered: ‎09-01-2009
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Re: kay and jared

 


Pushto700 wrote:

I opened my Kay & Jared accounts early last week and found that same thing when it hit my Experian.com report this weekend. Approved for 1500 for both (though I do know it is a shared line), reported as 750/each for Kays & Jared. That sucks. I almost want to close one soas to have the entire limit reflecting for one location.

 

I also wondered what would happen shoudl I purchase something for say, 1100.00 and if it would repoprt as 1100 with a 750 limit which causes me to appear to go over, dinging me hard.  


I have an account at Jared with a credit line of $1300 but after purchasing a ring for $1753 all of my credit reports list my credit limit as $1753 and not $1300.

 

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Pushto700
Posts: 267
Registered: ‎07-28-2009
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Re: kay and jared

[ Edited ]

FicoScore626 wrote:

 


Pushto700 wrote:

I opened my Kay & Jared accounts early last week and found that same thing when it hit my Experian.com report this weekend. Approved for 1500 for both (though I do know it is a shared line), reported as 750/each for Kays & Jared. That sucks. I almost want to close one soas to have the entire limit reflecting for one location.

 

I also wondered what would happen shoudl I purchase something for say, 1100.00 and if it would repoprt as 1100 with a 750 limit which causes me to appear to go over, dinging me hard.  


I have an account at Jared with a credit line of $1300 but after purchasing a ring for $1753 all of my credit reports list my credit limit as $1753 and not $1300.

 


What i notice is this:

 

JARED JEWELERS

 

Status: Open/Never late.

Date Opened: 04/2010

Date of Status: 09/2010

Reported Since: 04/2010

Last Reported Date: 09/2010 Type:

Revolving Terms: N/A Monthly Payment: $0

Responsibility: Individual Credit Limit: $403

High Balance: N/A

Recent Balance: $0

Recent Payment: $0

 

Balance History: 08/2010 $0 07/2010 $0 06/2010 $0 05/2010 $0 05/2010 $0

 

Limit High Balance History:

Between Aug 2010 and Aug 2010, your credit limit/high balance was $326

Between Jul 2010 and Jul 2010, your credit limit/high balance was $292

Between Jun 2010 and Jun 2010, your credit limit/high balance was $264

Between May 2010 and May 2010, your credit limit/high balance was $436

Between May 2010 and May 2010, your credit limit/high balance was $750

 

KAY JEWELERS

Status: Open/Never late.

Date Opened: 04/2010

Date of Status: 10/2010

Reported Since: 04/2010

Last Reported Date: 10/2010 Type: Revolving

Terms: N/A Monthly Payment: $70 Responsibility: Individual Credit Limit: $1,098

High Balance: $972

Recent Balance: $695

Recent Payment: $89

Balance History: 08/2010 $848 07/2010 $916 06/2010 $972 05/2010 $628 05/2010 $0

 

Limit High Balance History:

Between Aug 2010 and Aug 2010, your credit limit/high balance was $1,174

Between Jul 2010 and Jul 2010, your credit limit/high balance was $1,208

Between Jun 2010 and Jun 2010, your credit limit/high balance was $1,236

Between May 2010 and May 2010, your credit limit/high balance was $1,064

Between May 2010 and May 2010, your credit limit/high balance was $1,500

 

 

**Add WHAT Jared states is available (403) and what KAY states is available (1098) and you have 1501. I was approved for 1500 for BOTH lines. They combine both and (thought I disputed) they report lines as conglomerates and split the limit. I can seeon the website of BOTH my limit is 1500 for each, and they do not report this way. They USED to, but it appears as those days are no more.


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
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dddfresh
Posts: 391
Registered: ‎01-11-2013
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Re: kay and jared

My 5000 is split. I was pissed because I got two HP from jared and bought a watch I dont even like just to get the extta 5000 reported, but they both report 2500and my utilization went up. Damn!

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