what should I do?

[Anonymous]

AMEX Green, Gold and Plat don't have preset limits, so they can't report a max limit to the CRAs.  TU can't help you with this.  You should stop disputing.

However, Open Credit accounts (such as the Green card) help the credit mix 'portion' of your FICO score.  They just aren't used in the utilization calc.

If you need cards with max limits, apply for Visa/MC/Discover, but not Signature Visa.

Message Edited by writemikep on 11-07-2008 02:24 PM

[CodeMonkey]

I believe what he's trying to say is that the charge card is incorrectly reporting as a revolving account without a limit, and therefore it's hurting his UTL - charge cards aren't supposed to report as revolving, so their UTL isn't factored into your revolving totals.

Correct me if I'm wrong. (It has been known to happen. )

[Anonymous]

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@Anonymous wrote:

AMEX Green, Gold and Plat don't have preset limits, so they can't report a max limit to the CRAs.  TU can't help you with this.  You should stop disputing.

However, Open Credit accounts (such as the Green card) help the credit mix 'portion' of your FICO score.  They just aren't used in the utilization calc.

If you need cards with max limits, apply for Visa/MC/Discover, but not Signature Visa.

Message Edited by writemikep on 11-07-2008 02:24 PM

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transunion can help if they code it the right way. equifax and experian have it coded as Other - Terms: 1 month and it does not factor into my util.  I don't see why transunion cannot do the same thing.

Also, I did not apply for a signature visa. I applied for bankamericard reward visa. I only apped after customer service rep confirmed that it is a limit card and that it will report an $8000 limit which I was approved for.

[Anonymous]

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@CodeMonkey wrote:

I believe what he's trying to say is that the charge card is incorrectly reporting as a revolving account without a limit, and therefore it's hurting his UTL - charge cards aren't supposed to report as revolving, so their UTL isn't factored into your revolving totals.

Correct me if I'm wrong. (It has been known to happen. )

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THANK YOU !. That is exactly what i was saying.  they just won't re-investigate it. even Amex agrees that it shouldn't report as revolving and was gracious enough to update the acct manually twice with transunion.

[Anonymous]

TU may lump all non-mortgage, non-installment TLs under 'revolving'..... on truecredit, my AMEX Plat looks like my AMEX Gold Delta Skymiles, except high limit is empty.

I know Equifax specifies open vs revolving, and credit vs charge on their reports.  Not sure what TU does... 

A way to get around the issue is to keep the balance small (or zer) on the green card, and use one of your revolving credit cards to report a monthly balance.

[Anonymous]

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@Anonymous wrote:

TU may lump all non-mortgage, non-installment TLs under 'revolving'..... on truecredit, my AMEX Plat looks like my AMEX Gold Delta Skymiles, except high limit is empty.

I know Equifax specifies open vs revolving, and credit vs charge on their reports.  Not sure what TU does... 

A way to get around the issue is to keep the balance small (or zer) on the green card, and use one of your revolving credit cards to report a monthly balance.

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Yep! that is what I've been doing. I carry no balances on any of the other cards. I let the discover more card report a very small balance every month but pif it after statement.   I use the amex for business expenses and I pay twice a month before statement closing date. Still, sometimes a small balance sneaks in just at closing date - and regardless of what the amount is, TU shows I am maxed out on the amex.

[Anonymous]

llecs

I just logged into my BOA acct and the BANKAMERICARD Reward Visa is already showing even though I haven't received the card yet - and it says my credit limit is $8000.  So it does have a limit but reporting it as Flex Spending.

[notmyname]

I have three amex chargers and two credits : TU gets them all correctly . So, knowing that they can , keep fighting them. (nicely) I would keep calling until I got someone sympathetic and get their contact info just in case.

Under account type they have the chargers listed as OPEN ACCOUNT. ( I hope you are not get a dope that sees right under that where is says account condition ........open)

NMN

[llecs]

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Max09 wrote:

llecs

I just logged into my BOA acct and the BANKAMERICARD Reward Visa is already showing even though I haven't received the card yet - and it says my credit limit is $8000.  So it does have a limit but reporting it as Flex Spending.

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You can call now, but I would wait for the card to look for any language or details on the literature that would indicate a flex spending account.

[Anonymous]

Thank you for you feedback. It is helpful to know that they can do it. I will continue fighting it - nicely - so far I've been getting their customer service in india. They are very nice but unfortunately they don't really understand it whenever I try to explain it to them. I also did a dispute online. 

The last letter I received from transunion was pretty stern. they accused me of frivolous dispute under FCRA rules.

any ideas on how i can keep pushing this without getting my TL deleted?

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@notmyname wrote:

I have three amex chargers and two credits : TU gets them all correctly . So, knowing that they can , keep fighting them. (nicely) I would keep calling until I got someone sympathetic and get their contact info just in case.

Under account type they have the chargers listed as OPEN ACCOUNT. ( I hope you are not get a dope that sees right under that where is says account condition ........open)

NMN

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