Showing results for 
Search instead for 
Did you mean: 

Reporting High Balance

Valued Member

Reporting High Balance

Unfortunately, my Capital One Secured ($200 Credit Limit) had to report $125 (25% between both cards with Discover having a $300 Limit) this month and now my Discover It Secured ($300 Limit) will report $253 and Capital One will have to report $154. I can't pay the balance down on Discover and Capital One until next week and both cycles and on the 1st and 3rd. Will this hurt my chances of Discover graduating?

Message 1 of 2
Established Contributor

Re: Reporting High Balance

It won't have any long term effects if you pay them off, I haven't had a discover secured card so not sure how they look at unsecuring or if it will effect it for this month.

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.