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My Jewelers Club getting dropped from TU

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Anonymous
Not applicable

My Jewelers Club getting dropped from TU

Just a heads up.  TransUnion is dropping My Jewelers Club LOC from all reports.

Message 3 of 36
35 REPLIES 35
SMB85
New Contributor

MyJewelersClub / MJC / Majr Financial - No Longer Reporting to TransUnion?

I received an alert this morning that a bankcard account was removed from my TransUnion report. Scouring my report and looking at the change in TCL (-$5000) I realized the Majr Financial tradeline is gone! It appears to still be reporting on EX and EQ as of today.

 

Has anyone else experienced this? Did they stop reporting to TU? Why would they remove the existing TL in any event?

Message 1 of 36
OmarGB9
Community Leader
Super Contributor

Re: MyJewelersClub / MJC / Majr Financial - No Longer Reporting to TransUnion?

If I recall, they require you to make a purchase every so often for them to report regularly, don't they?

 

Also, it is up to the creditors who they wish to report to, if at all. They can stop reporting to 1,2, or all 3 bureaus at any time.


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 2 of 36
SMB85
New Contributor

Re: MyJewelersClub / MJC / Majr Financial - No Longer Reporting to TransUnion?

I don't know about regular purchases but I paid the annual fee last fall to keep it for another year. I know it's a junk TL and I'm going to ditch it when the renewal comes up this year, but I was mostly just curious if anyone else has had a similar experience or if TU dumped them, or if you don't do a real purchase they just stop reporting. It was just odd that not only did they stop reporting, they punted the entire TL from TU.

 

The util padding was a great rebuilding tool and MJC served its purpose.

Message 4 of 36
kittycreditmeow
Frequent Contributor

Re: My Jewelers Club getting dropped from TU

I wonder if that's what was removed from my TU. I got an alert on  myFICO that my score dropped 6 points because a card was removed but It didn't say which one and I couldn't tell. 

Message 5 of 36
Anonymous
Not applicable

Myjewlers

Anyone have there myjewlers club fall off their trans union report today? Mine did and I have clue why... any thoughts.

Message 6 of 36
AllZero
Mega Contributor

Re: Myjewlers


@Anonymous wrote:

Anyone have there myjewlers club fall off their trans union report today? Mine did and I have clue why... any thoughts.


@Anonymous   I think I saw a post about it. https://ficoforums.myfico.com/t5/General-Credit-Topics/My-Jewelers-Club-getting-dropped-from-TU/td-p/6271695

Message 7 of 36
Anonymous
Not applicable

Re: My Jewelers Club getting dropped from TU

Mine got removed too, but I have had it for two years. I always paid my fee and my dues are in June so I'm confused to why they stopped reporting. 

Message 8 of 36
Anonymous
Not applicable

Re: Myjewlers

I just saw that too, when I searched that post didn't show up but after posting my post I then saw it. 

Message 9 of 36
Anonymous
Not applicable

Re: My Jewelers Club getting dropped from TU

I also checked and sure enough , MJC gone from my Transunion report .

It was literally there yesterday. Utilization went up %10

Ive had the account for 2 years , made 1 purchase that whole time. 
I was up for renewal next month but looks like it's serviced it purpose . I'm going to cancel at this point. It was nice for utilization padding while it lasted .

Message 10 of 36
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