topic Re: ING Direct LOC? in Credit Cards

ING Direct LOC?

corymcd88 — Tue, 21 Aug 2012 19:23:49 GMT

Does the LOC repot to the credit report if you use it well? One rep said yes one said it may or may not report. Has anyone had thier LOC report?

Re: ING Direct LOC?

Anonymous — Tue, 21 Aug 2012 19:40:53 GMT

Good question. I have never seen mine report, but I have never needed to use it.

Re: ING Direct LOC?

Anonymous — Tue, 21 Aug 2012 19:50:13 GMT

What is LOC?

Re: ING Direct LOC?

Anonymous — Tue, 21 Aug 2012 19:57:05 GMT

@Anonymous wrote:
What is LOC?

LOC = Line of Credit

In the case being asked about here, they are referring to the LOC attached to an online checking account (for overdraft protection) from ING Direct, FSB (now wholly owned by Capital One).

The LOC on my account does not show on any credit report so far.

Re: ING Direct LOC?

corymcd88 — Tue, 21 Aug 2012 20:12:59 GMT

I would like it to report as it is a LOC a little diffrent then a credit card line.

Re: ING Direct LOC?

LS2982 — Tue, 21 Aug 2012 21:10:54 GMT

I don't think it does, I ended up closing my ING account.

Re: ING Direct LOC?

Ron1 — Tue, 21 Aug 2012 21:27:19 GMT

ING Direct Overdraft LOC doesn't report. Only Orange Loan Account reports. You cannot apply for it. They offer it to you thru pre-approval. I know a few people get it.

Ron.

Re: ING Direct LOC?

corymcd88 — Tue, 21 Aug 2012 21:34:56 GMT

I have spole to a person that has overdraft LOC and they said it does report.

Re: ING Direct LOC?

namvet — Tue, 21 Aug 2012 22:58:15 GMT

My ING line of credit did not report to the credit bureaus.

Re: ING Direct LOC?

steve23111 — Fri, 24 Aug 2012 05:12:09 GMT

I have had a $1,000 Overdraft Line of Credit on my ING Electric Orange account for several years now and can confirm that it does not report. This OLOC comes up from time to time on here and at one point someone had received a fun response from ING on the subject, something along the lines of ING reports OLOC's over $1000 to the bureaus, but does not issues OLOC's over $1000, or some such nonsense.

Bottom line, no, it won't report... at least not until you mess up something and don't pay it back within the allotted timeframe (7 days? 14 days? I forget.)