topic Re: Lowe's wasted no time reporting! in Credit Cards

Lowe's wasted no time reporting!

Anonymous — Tue, 13 Nov 2012 09:26:45 GMT

I opened Lowe's 11/11/2012 and it reported 11/11/2012!!! The 3500 limit has helped my utilization! I'm now at 8%, and should be much lower in the next few days as two more zero balances will report!

Re: Lowe's wasted no time reporting!

thankfulheart — Tue, 13 Nov 2012 10:04:56 GMT

You got that straight. Not only did they not waste time reporting, they also reported my opening balance as I used the card immediately to buy appliances for my new house. OUCH! Score dropped like a rock. Oh well, at least it will improve with time.

Re: Lowe's wasted no time reporting!

Anonymous — Tue, 13 Nov 2012 13:16:04 GMT

@thankfulheart wrote:
You got that straight. Not only did they not waste time reporting, they also reported my opening balance as I used the card immediately to buy appliances for my new house. OUCH! Score dropped like a rock. Oh well, at least it will improve with time.

Def a better strategy to open the card first then use it after it reports if you can.

Mine reported next day as well!

Re: Lowe's wasted no time reporting!

Anonymous — Tue, 13 Nov 2012 13:53:54 GMT

Congrats on your approval

Re: Lowe's wasted no time reporting!

Anonymous — Tue, 13 Nov 2012 14:50:35 GMT

@thankfulheart wrote:
You got that straight. Not only did they not waste time reporting, they also reported my opening balance as I used the card immediately to buy appliances for my new house. OUCH! Score dropped like a rock. Oh well, at least it will improve with time.

I am so glad that I didn't use mine yet. Now it gives me time to use it if I wish, and have it paid off before it reports again!