i have read on here somewhere that capone plans to report cl's sometime by the end of the year...i have not verified this information.
at this point, capone's reported "high balance" is calculated as your credit limit. as i stated earlier, if he is only making small charges and paying them off, his ut % looks high. for example he charges a tank of gasoline (let's assume this is before the war against terror, and the gas is not $50/gallon) for 25 bucks, he gets his bill, and pays the 25 bucks off immediately. his report will show high balance of 25 bucks (which will be considered his cl for algorithm purposes) and his balance owed as 25 bucks. that is 100% utilization. however, if he were to run the card up to 299 (be careful not to go over, but get it as high as he can), pays that off, and thereafter only charges 10-30 bucks per month, then that account will show a less than 10% ut. that should help him out considerably.
Tink wrote:
I'm an authorized user on his card. I just checked my TC acct and see that the Cap One credit limit is NOT being reported. Is there anyway to get Capital One to report the limit?
edited for quality and training purposes.
Message Edited by dog on
07-09-2007 06:07 PM