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Secured credit cards REPORTED as SECURED on credit reports

BayHouse Credit Forum: Fair Isaac FICO and NextGen Credit Scoring: Secured credit cards REPORTED as SECURED on credit reports
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Christine Baker (Admin)

Saturday, January 20, 2001 - 09:56 pm Click here to edit this post
I can't recall ever seeing an account reported as secured. Of course many of the reports I saw were for mortgage applicants, and they don't usually have secured credit cards.

This is important for your credit rating, although I don't know the impact on FICO credit scoring. It certainly is not desirable for any manual credit review.

With all the discussion on how accounts are reported, I thought we would have heard about it by now.

So far I got 2 issuers: BofA and Providian

Can anyone confirm this?

Please also post any other cards that are reported as secured.

Does anyone have a clue what it does to FICO credit scoring to be reported as "secured?"

And, if you know how any secured card reports, please post that info in a new topic here.

Which bureaus and how do they report? Credit limit included?

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Erik (Erik)

Sunday, January 21, 2001 - 05:01 pm Click here to edit this post
I have three secured cards:
Capital One:
Reports to all 3, no secured notation, credit limit is not reported

First Consumers National Bank:
Reports to all 3, no secured notation, credit limit is reported

Navy Federal Credit Union:
They do not report.

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Christine Baker (Admin)

Saturday, January 27, 2001 - 11:01 am Click here to edit this post
Please post credit card reporting info directly HERE



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