topic Re: Cap One card not updating balance! UGH! in Credit Cards

Cap One card not updating balance! UGH!

jandj80 — Wed, 12 Dec 2012 03:27:04 GMT

My capitol one card has a 3000CL which I have lowered the balance considerably over the last two months, taking util from 100% to 68%. However, they have not updated the EQ file since Oct 1. It has already updated with TU and EX for Dec and also changed in Nov. This has netted me a nice increase in points on those two CRs, but EQ is still way behind (see scores below). What can I do to get it to update? My other cards have very small limits, so my util is especially high on this report. Due to being in the middle of a mortgage, I can't file a dispute. Any ideas folks? Thanks in advance.

Re: Cap One card not updating balance! UGH!

Anonymous — Wed, 12 Dec 2012 03:50:28 GMT

I have no comment to your question.

I am just shocked that you are getting a mortgage with a 613 middle score. Who's your lender? lol jk ;P

Re: Cap One card not updating balance! UGH!

chnceit — Wed, 12 Dec 2012 03:52:53 GMT

@jandj80 wrote:
My capitol one card has a 3000CL which I have lowered the balance considerably over the last two months, taking util from 100% to 68%. However, they have not updated the EQ file since Oct 1. It has already updated with TU and EX for Dec and also changed in Nov. This has netted me a nice increase in points on those two CRs, but EQ is still way behind (see scores below). What can I do to get it to update? My other cards have very small limits, so my util is especially high on this report. Due to being in the middle of a mortgage, I can't file a dispute. Any ideas folks? Thanks in advance.

I know how you feel! Its really frustrating I paid off my Discover card early October and they didn't update since then. Still shows a balance

Re: Cap One card not updating balance! UGH!

jandj80 — Wed, 12 Dec 2012 03:53:00 GMT

FHA only requires 580 middle score and 3.5% down. Do your homework before making rude comments. My husband had cancer, so we have crappy credit.

Re: Cap One card not updating balance! UGH!

Anonymous — Wed, 12 Dec 2012 03:57:27 GMT

@jandj80 wrote:
FHA only requires 580 middle score and 3.5% down. Do your homework before making rude comments. My husband had cancer, so we have crappy credit.

Hmm, uhhh okkkkkyy. Rude? Not sure how you came up with that one. Don't think my lol and jk and my winking smile with tonuge sticking out turns my comment into rudeness.

And excuse me for thinking that 640 ( OORRRR 620) was the standard bottom acceptance for a mortagage.

Okay so 580 I got it.

Re: Cap One card not updating balance! UGH!

ihatemyscore — Wed, 12 Dec 2012 04:03:57 GMT

OP, no one asked about your current situation. Also I send my condolenses to your signficant other but a certain medical condition doesn't have to ruin your credit. Trust me there are other options out there like writing GW letters to CEO's and certain individuals. Also, no one was being rude they were being a bit sarcastic. Don't rant and rave and hope for responses if you can't take a joke.

Re: Cap One card not updating balance! UGH!

maiden_girl — Wed, 12 Dec 2012 04:07:15 GMT

I paid off my Living Spaces bill. Balance was $777 a month ago and GE has yet to update my report. I also paid off my Discover card--balance was $930. Account sits at 0 and Discover hasn't updated my report either. It takes time.

Re: Cap One card not updating balance! UGH!

Anonymous — Wed, 12 Dec 2012 04:07:46 GMT

Try calling and asking them to report the correct balance (shouldn't CCCs report only accurate info?)?

OR since the balance is updated on 2 out of 3 reports you can explain that to the bank and they should understand (hopefully).

Re: Cap One card not updating balance! UGH!

jandj80 — Wed, 12 Dec 2012 04:11:56 GMT

Well, I would assume most people on this particular board are here because they have poor credit, there was no need to throw in a dig about being shocked by the fact that we got approved. I would assume most people in the market for a mortgage with poor credit would be aware of FHA requirments considering its a federal program with a 580 requirement nationwide. Furthermore, yes, he did not ask about my situation, but on the same token I did not ask for questions about how we got a mortgage. We did not get into a credit fiasco by racking up debt and not paying for it. My husband was diagnosed at age 19, while in college, and had no insurance. Between the huge cost of his immune drugs, chemo, and multiple surgeries, we had HUGE medical debts, collections accross 5 states, no amount of GW or PFD takes care of that. I didn't have 100K laying around to offer settlements. We filed BK, and have been trying to recover ever since. Its certainly not to be taken lightly.

Re: Cap One card not updating balance! UGH!

jandj80 — Wed, 12 Dec 2012 04:14:04 GMT

@Anonymous wrote:
Try calling and asking them to report the correct balance (shouldn't CCCs report only accurate info?)?

OR since the balance is updated on 2 out of 3 reports you can explain that to the bank and they should understand (hopefully).

Just called them, apparently there is some internal disptue they can do. Bad news is it takes 60-90 days to complete. Let's hope its faster than that! YIKES! The bank isn't really concerned about it, I just want that darn EQ score to come up and be closer to the other 2. It looks so bad hangin back there 100 points behind, lol.

Re: Cap One card not updating balance! UGH!

Anonymous — Wed, 12 Dec 2012 04:24:28 GMT

Not even really sarcastic. More of a fun and silly way to say congrats. *as i thought to myself, wow nice! 613 and mortgage..[thought it was 640/620]...congrats...*

But i see the seriousness of life as taken away OPs sense of humor (even dry humor) away. Some ppl get jokes, and so ppl don't. oh well.

And it was actually me trying to bump the thread so that OP could hopefully get the answer to her question.

No need to say thanks.

Re: Cap One card not updating balance! UGH!

Involus — Wed, 12 Dec 2012 04:31:36 GMT

These things take time. You can't expect them to update your reports every time you make a payment.

As for your comment about most people are here because of bad credit - this simply isn't true there are just a many people with excellent/good credit as their are bad. And this forum is for help - try not to get so heated when someone is unaware of something.

Re: Cap One card not updating balance! UGH!

Anonymous — Wed, 12 Dec 2012 04:50:40 GMT

Yes, Fha requires a minimum of 580, but most lenders have their own requirements above and beyond the FHA requirements. I have been unable to find any lender (bank) that is willing to go below 640. It might help some of us here if you would be willing to tell us who approved your mortgage, so that maybe we might look into them also. Did you have any unpaid collections/charge offs showing?

Re: Cap One card not updating balance! UGH!

Shogun — Wed, 12 Dec 2012 19:17:49 GMT

Just a note from your friendly neighborhood mod, please play nicely.

Re: Cap One card not updating balance! UGH!

jandj80 — Thu, 13 Dec 2012 02:20:40 GMT

@CotySinz wrote:
These things take time. You can't expect them to update your reports every time you make a payment.

As for your comment about most people are here because of bad credit - this simply isn't true there are just a many people with excellent/good credit as their are bad. And this forum is for help - try not to get so heated when someone is unaware of something.

I actually posted this message on the rebuilding credit thread to begin with, which is why I stated that most people on that board had or did have bad credit. A mod moved it over here. And I would expect a creditor to update my account after 2.5 months, as the creditor certainly would report me late if I took that long to pay them. I asked a simple question, and the reply from CCnewCC had nothing to do with my question at all. Its unfortunate that you can't see why I would be upset, as I do not take what we have gone through lightly.

Re: Cap One card not updating balance! UGH!

jandj80 — Thu, 13 Dec 2012 02:18:38 GMT

@Anonymous wrote:
Yes, Fha requires a minimum of 580, but most lenders have their own requirements above and beyond the FHA requirements. I have been unable to find any lender (bank) that is willing to go below 640. It might help some of us here if you would be willing to tell us who approved your mortgage, so that maybe we might look into them also. Did you have any unpaid collections/charge offs showing?
We went with a local lender. Large banks/national banks have more tricky requirements. You need to call around to credit unions and local banks in your area. If you live in a small town it might be tougher. I called a lot of banks before I was able to find one with the lower requirement.

Yes, we have 2 unpaid medical collections, and the LO told us not to pay them (we owe under $400 total). The underwriter did not ask us to pay them in her stipulations either.

All other baddies: One paid charge off- 2 years old ($614), BK d/c in Feb 2006, 6 paid medical collections (only on one report), two paid non medical collections (on two reports), and one paid medical judgement (only on one report). We previously had a couple 30 and one 60 days lates that were a couple years old, but I GW'd and got them removed, along with a state tax lein from 2008.