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Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Is this hurting my score?

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.

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: Is this hurting my score?

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.

Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Re: Is this hurting my score?

 This is what each of my cards say every time month...
Balance:$55Credit limit or largest balance:Not Reported
Past due:Not ReportedPayment terms:Not Reported
Status:Pays account as agreedFirst reported:4/1/2013
Portfolio type:Revolving or Option  
Description:

 

Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Re: Is this hurting my score?


guiness56 wrote

 

Yes, you should use that one card every now and then to keep the CCC from closing it.



It stills update monthly....

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: Is this hurting my score?

Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Re: Is this hurting my score?

Im getting my reports from SW on here.

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: Is this hurting my score?

Get one from annualcreditreport.com or directly from the CRA.  They are more accurate and detailed.

Frequent Contributor
swtneka
Posts: 486
Registered: ‎02-14-2013
0

Re: Is this hurting my score?


guiness56 wrote:

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!

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

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