Can someone tell me how do the credit companies know what your credit limits are on your Capital One account because they sure don't let anyone but the person who has the card know the limits.
From what I see then they don't know how close you are to your limits and can't see if it is good or bad. So can't even give you a Percent of credit currently available
2006-08-19 02:40:56 · 14 answers · asked by jodi_lynn_124 2 in Business & Finance ➔ Credit
No Capital one does not, I have all 3 of my ex-husbands reports infront of me and one access too everyday They leave it blank.
And don't have credit card debt thanks just trying to rebuild his credit so we can buy a bigger house
2006-08-19 02:50:45 · update #1
But they don't I have his Experian right in front of they are not listed. I also have a 3 in 1 from the Mortgage Company and they don't either. Seems to stupid to me considering your Debt Ratio is one of the things your score is based on
2006-08-19 02:54:47 · update #2
That's the major reason why I'll never have a Cap One card.
There are a few card companies that will do it with one or two of their cards, but Cap One does it with all of theirs.
Cap One "will not" show your credit limit, only your credit balance. That could make it look like like you over utilize your card.
As far as how other credit companies can tell what your limit is - they can't. They can only go by your balance.
I would recommend charging it up "once", pay in full and stick it in a drawer somewhere.
Only do that when you know that you don't need your scores for a month AND when you know that you can pay the charge in full.
2006-08-21 19:47:58 · answer #1 · answered by echo 7 · 0⤊ 0⤋
Credit reports list the card, it's limit, and the balance. They are easily assessible for any company who wants to check your credit. They also show payment history, so if you are late on payments, they know that too.
Go to one of the major Credit Report sites and order one for yourself...Experian is a good one.
2006-08-19 02:48:45 · answer #2 · answered by PariahMaterial 6 · 0⤊ 1⤋
Your credit report tells how much your limit is on every card, and your total amount of debt. Other credit companies find out this way.
2006-08-19 02:45:49 · answer #3 · answered by Lisa 6 · 0⤊ 1⤋
When the pull your credit report it shows your highest balance owed, current available balance for the date the report was pulled and if your payments are always on ti,e or late. Thats how it works for all 3 Credit Beaureus on every credit card, not just Capitol One
2006-08-19 02:45:30 · answer #4 · answered by Anonymous · 1⤊ 1⤋
Just a guess, but could they actually know your credit rating and infer the limit you might have been given by Capitol One.
2006-08-19 02:45:39 · answer #5 · answered by grapeshenry 4 · 0⤊ 1⤋
Simple! Everytime they pull up your credit report all the information is there! your ssn hold a lot of information!
2006-08-21 20:55:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
because when theyrun your credit report, the limit comes up for each credit account you have. it aslso shows what your balance is, and your highest balance, any missed payment and your average payment
2006-08-21 15:16:28 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Cut up your credit cards. Pay off your balance and let it go! You will always have cash in your pocket, if you do not get up to your eye balls in debt. Read Suze Orman!
2006-08-19 02:44:44 · answer #8 · answered by motherpeanutbutterbutinsky 6 · 0⤊ 2⤋
CALL THE 1 800 NUMBER....THEY KNOW ALL THE INFO ON YOU.
2006-08-19 02:43:53 · answer #9 · answered by flowerspirit2000 6 · 0⤊ 1⤋
They all work togather for security reason
2006-08-19 02:44:02 · answer #10 · answered by Richie620 2 · 0⤊ 1⤋