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They report monthly but.............

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Anonymous
Not applicable

They report monthly but.............

I have a credit card that claims to report monthly to all 3 credit bureaus but I have noticed that they have not reported since 11/03/08. How bad is this effecting my credit?

 

My balance has decreased significantly (by 1255.xx)

 

thanks

Message 1 of 7
6 REPLIES 6
fused
Moderator Emeritus

Re: They report monthly but.............

Which CCC? Which CRA(s) have they not been reporting to?
Message 2 of 7
Anonymous
Not applicable

Re: They report monthly but.............

It's UltraVx issued by MetaBank. They show up on all three of the bureaus but have not updated since 11/03/08.

 

Again they claim that they report monthly.

Message 3 of 7
Anonymous
Not applicable

Re: They report monthly but.............

Bump
Message 4 of 7
laz98
Senior Contributor

Re: They report monthly but.............

call them & ask why they have not reported.
Message 5 of 7
Anonymous
Not applicable

Re: They report monthly but.............

are there laws requiring credit card companies to report?  wasn't Capital One forced to start reporting limits?  Was that because a law was passed, or was Capital One just pressured to do it via other means?
Message 6 of 7
llecs
Moderator Emeritus

Re: They report monthly but.............


urgent_help_needed wrote:
are there laws requiring credit card companies to report?  wasn't Capital One forced to start reporting limits?  Was that because a law was passed, or was Capital One just pressured to do it via other means?

 

No, I believe, it is up to the creditor. CJ comes to mind. I think CapOne reported limits after many complained.
Message 7 of 7
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