topic Re: CAPITAL ONE CREDIT CARDS in General Credit Topics

CAPITAL ONE CREDIT CARDS

Anonymous — Wed, 16 May 2007 03:00:20 GMT

Capital one is not reporting my actual credit limit and that is hurting my fico score.Does anyone have a solution to this?.I called capital one several times to complain but i was told its a company policy.I rea
lly need help with this.Thanks

Re: CAPITAL ONE CREDIT CARDS

smallfry — Wed, 16 May 2007 03:23:44 GMT

@Anonymous wrote:
Capital one is not reporting my actual credit limit and that is hurting my fico score.Does anyone have a solution to this?.I called capital one several times to complain but i was told its a company policy.I rea
lly need help with this.Thanks

tuscani has explained the cure for this a number of times. Run the card as close to the limit as possible w/o allowing any finance charge to put you over the limit then pay the card off in full.

Re: CAPITAL ONE CREDIT CARDS

Anonymous — Wed, 16 May 2007 04:23:58 GMT

Yeah, what you can do is, you can wait until near the statement closing date, and then go buy something expensive, portable, and returnable. Wait until after the statement closes, and then take it back.

Re: CAPITAL ONE CREDIT CARDS

Tuscani — Wed, 16 May 2007 11:51:19 GMT

CAP1 says that will start reporting limits this fall.. we shall see.

Re: CAPITAL ONE CREDIT CARDS

Anonymous — Wed, 16 May 2007 13:05:37 GMT

I asked this same question earlier this week (before noticing it's come up various times before). They are correct. Cap One reports on your statement date, mine is the 11th. Just make sure your payment posts on or before the 11th. For May's reporting, Equifax just updated showing a zero balance and my score jumped 20 points!!!! TU and EX has yet to update, I'm hoping they will as I've read they don't like reporting the zero balances.

If they don't, I know to at least keep 1-9% remaining on the statement date.

Thanks for the help!!!!!

Re: CAPITAL ONE CREDIT CARDS

Anonymous — Wed, 16 May 2007 13:44:48 GMT

Thanks for all the good suggestions you gave me hopefully it works thankyou again.

Re: CAPITAL ONE CREDIT CARDS

Anonymous — Thu, 17 May 2007 06:21:09 GMT

If you have other debts, check with Cap 1 and find out the APR on BTs. Do a BT. I did that to max out my Cap 1 card. Gonna pay the minimum, let it report that way, then next month pay it down to under 9% util.

Re: CAPITAL ONE CREDIT CARDS

Anonymous — Thu, 17 May 2007 15:38:45 GMT

I called Capital One today because my credit report still reflected an extremely low balance of $8 (which also showed as my credit limit) from the first month I opened the card. The representative informed me that in October I should expect them to start reporting credit limits.

Re: CAPITAL ONE CREDIT CARDS

Anonymous — Thu, 17 May 2007 15:51:03 GMT

Tuscani wrote:
CAP1 says that will start reporting limits this fall.. we shall see.

Yeah, and I hear that global warming is reversing itself in he11 ...

Re: CAPITAL ONE CREDIT CARDS

Anonymous — Thu, 17 May 2007 16:04:01 GMT

I'm not going to say it's 100% true, but a Capital One Rep. told me today that it has those changes planned for its policy coming in October. But, seeing is believing.

Message Edited by UnderEstimated on 05-17-2007 09:04 AM