i had my 3 credit cards for less then 6 months i dont charge over 40% of my credit limit and pay off my bills 100% on time would anything be one my credit report right now?
(also someone told me that even if you charge $1 on capitalone it shows up bad on your credit report i dont think thats true but is it?)
2007-05-31 08:40:00 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
I agree with the others, your new accounts should be reporting. And since you have been keeping your cards in good shape, they should be reporting positively.
As for Cap One, they do not report the credit limit. They only report the high balance. So if you have a $3000 credit limit with them but you only charge $200 on it, it will "look" like your credit limit is $200 and that you have utilized the full amount of your credit limit.
Regardless of what some people say, in my opinion Cap One is not a good builder/rebuilder card - at this time.
I have heard that Cap One may(?) be reporting credit limits starting this fall. (they had many complaints filed against them for not reporting the limits) Which would then make them a pretty good card.
2007-05-31 08:57:18 · answer #1 · answered by echo 7 · 1⤊ 0⤋
You have to order your credit report to see what is on there. Everytime you charge on you credit card the company reports that on your credit report. It will show how much your highest limit is and each month that you pay your bill on time or not. About the capitalone question it will not show up bad as long it is not in collections
2007-05-31 08:47:30 · answer #2 · answered by nycmiss79 2 · 0⤊ 1⤋
I don't think the thing about capitol one is true...they are a major credit card company now, so I wouldn't worry about that.
As to what is showing on your report...most credit card commpanies report once a month, so your credit report should be showing 3 positives.
The best way to check is to go to www.annualcreditreport.com, and make sure everything is showing correctly.
2007-05-31 08:45:15 · answer #3 · answered by Anonymous · 0⤊ 1⤋