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Established Contributor
Takunda1
Posts: 512
Registered: ‎06-08-2007

Equifax reporting CL as High Balance

I just signed on to TC and noticed that Equifax is reporting my credit limits as my high balance. The credit limit field is empty on my credit report. I just wanted to know if this affects how FICO calculates scores or not. It seems they did it for all my accounts, open or closed. Any input  is greatly appreciated TIA.
Moderator Emeritus
fused
Posts: 16,256
Registered: ‎03-12-2007

Re: Equifax reporting CL as High Balance



Takunda1 wrote:
I just signed on to TC and noticed that Equifax is reporting my credit limits as my high balance. The credit limit field is empty on my credit report. I just wanted to know if this affects how FICO calculates scores or not. It seems they did it for all my accounts, open or closed. Any input  is greatly appreciated TIA.


Have checked your CR at EQ's website or at myfico?
Credit Cards:
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K
Established Member
annah618
Posts: 84
Registered: ‎06-21-2007

Re: Equifax reporting CL as High Balance

[ Edited ]
Sounds like you have a capital one card... they do not report the cl, only the high balance. FICO uses the high balance as the cl to calculate your util.
 
I have a capital one card too, but my util isn't messed up because I maxed it out once. My DH has 2 capital one cards, one has a limit of 3500 but his high balance is only 500 so his util looks really high when he only has a balance of like $75
 
Check this out:
 


Message Edited by annah618 on 07-20-2007 02:50 PM

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