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     | Wednesday, February 28, 2001 - 08:35 pm  
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| | Wednesday, February 28, 2001 - 09:05 pm Oh, that is so very cool. I read that you can upload pics, never tried it though. Great!
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| | Wednesday, February 28, 2001 - 11:50 pm Also noticed the Capital One 8/2000 Date of Status and 9/2000 Last reported. Would really like to know why the Date of Status is 8/2000.
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| | Thursday, March 01, 2001 - 05:41 am And in case anyone is wondering if that first entry is completely accurate it isn't. It should have been closed in 10/1994 and it should read that is was 'closed at consumers request'. I have no written proof of this and never followed up when I sent my final check and asked for the account to be closed but that is the way it happened.
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| | Thursday, March 01, 2001 - 10:21 am Erik, I looked at Key Bank for quite a while last night. I finally concluded that you must have brought the account current and Key Bank closed it at the same time in 10/94, since 10/94 + 7 years is 9/01 and that's how long they'll report it. I would dispute the entire account, they'll probably take it off. In absence of the "Account scheduled to continue on record until 9/2001" statement, I would have assumed that you closed the account in 5/95, the Date of status. Experian has some SERIOUS problems with their reports and we really need to find out whether that "Date of status" is utilized in credit scoring.
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| | Thursday, March 15, 2001 - 09:18 pm Please read Citibank and Capital One are NOT reporting credit limits and how it affects one's FICO scores for conflicting responses provided by creditors and CRAs, the finger pointing game continues ... So, for those new to this subject: On Erik's report you can see that the credit limit/high credit was reported by Capital One as LOWER than the balance. The current BALANCE of $93 is nearly double the credit limit/high credit. How does this Capital One account impact on Erik's credit scores? From the new NextGen score factors: A2 Amount of credit available on revolving accounts Too little? Too much? Usually the "high credit" is less than the "credit limit." If you have NEVER used your credit card and they didn't bill an annual fee, your high credit is ZERO. Reporting the high credit could cost points if this factor deducts points for not having sufficient credit available. OBVIOUSLY you have MORE credit available if your limit is $500 but they report $100 instead because that's the most you charged on that card. A3 Amount owed on accounts is too high Too high based on WHAT??????? A4 Amount owed on bank/national revolving accounts Are we owing too little, or too much, and based on WHAT???? A7 Amount owed on recently opened accounts is too high WHAT is too high? A8 Amount owed on recently opened bank/national revolving accounts is too high What is too high? B1 Amount owed on recently opened revolving accounts is too high WHAT is too high?????? B4 Amount owed on revolving accounts Are we owing too MUCH or too LITTLE?????? B5 Amount owed on revolving accounts is too high WHAT is too high?????? J0 Length of time accounts have been established It's a pretty new account (8/2000) and the REST of Erik's credit would determine whether it applies. J2 Length of time bank/national revolving accounts have been established Same as J0 J8 Length of time revolving accounts have been established Same as J0 K2 Time since most recent account opening is too short WHAT is too short? K4 Time since most recent bank/national revolving account opening is too short Same as K2. K8 Time since most recent revolving account established Same as K2. M3 Number of active bank/national revolving accounts Too few, or too many? M6 Number of bank/national revolving accounts with balances We do have a balance. Too many, or too few accounts? M7 Number of bank/national revolving accounts Too many? Too few? M8 Number of bank/national revolving or other revolving accounts Too many? Too few? N2 Number of established accounts Too many? Too few? N7 Number of revolving accounts Too many? Too few? N8 Number of revolving accounts with balances higher than limits Erik loses many points right there. P5 Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high Depending on Erik's other accounts, possibly another big point loss. P6 Proportion of balances to credit limits on revolving accounts is too high Same as P5. Q0 Proportion of revolving balances to total balances is too high Same as P5. Q1 Proportion of balances to credit limits on bank/national revolving accounts is too high Same as P5 T0 Too many accounts recently opened That again depends on the rest of Erik's credit. T1 Too many accounts with balances Same as T0. T2 Too many bank/national revolving accounts Same as T0 T5 Too many inquiries last 12 months The account was opened in the last 12 months, so there is propably an inquiry. T6 Too many recently active accounts Does having a balance mean active? T8 Too many recently active bank/national revolving accounts Same as T6 U4 Too many recently opened accounts with balances WHAT is too many and WHAT is recent? U5 Too many recently opened bank/national revolving accounts Same as U4 U9 Too many recently opened revolving accounts Same as U4 V0 Too many recently opened revolving accounts with balances What's too many? V3 Too many revolving accounts Same as V0 V4 Too many recently opened bank/national revolving accounts with balances Same as V0 X0 Payments due on accounts The reported minimum payments are too low? Too high? The above are the NextGen risk factors that could be impacting on Erik's credit score. PLEASE post here on the impact of reporting the credit limit vs. high credit vs. no reported limit ONLY. Please copy/paste whatever you like and start a NEW TOPIC for general discussions.
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