06-17-2013 03:37 PM
I have been watching SW on when my cc report but what I noticed is that none of my cc on SW shows the CL. They show the amount reported. Does this hurt our score? I know that when his card reported a $27 from a $7 dollar balance the month prior I lost some points. Even though I am still in less than 7% uti. I can't understand how this works. Also we have a store credit card with a $5k cl and it has a zero balance but last time we used it was 2008. Is that hurting us as well.
06-17-2013 03:58 PM
All cards should report a CL unless they are No Preset Spending Limit Cards. If there is no CL reported FICO uses the highest balance which could make your utilization higher.
Yes, you should use that one card every now and then to keep the CCC from closing it.
06-17-2013 05:05 PM
|This is what each of my cards say every time month...|
06-18-2013 01:10 PM
06-18-2013 01:17 PM
Get one from annualcreditreport.com or directly from the CRA. They are more accurate and detailed.
U r right i just checked the reports and they are reporting all the info... Thanks!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.