On October 24 of this year, Ken Harney - a nationally syndicated financial reporter - published an article about how some credit card companies deliberately do not report credit lines in order to depress FICO scores to prevent other issuers from offering their card holders a better deal. I have been in contact with Mr Harney and he wants to do a followup on this and he wants to publish names of the banks that do this. In addition, I am working with a Consumer Credit lawyer building a class action suit over this issue taht will involve all 3 CRA's as wella s teh credit card issuers who do this in a FCRA/Conspiracy/RICO lawsuit. The lawsuit may be filed within the next 30 days. I need names, CN-ers. I already know about Cap1, so don't bother with them. Who else doesn't report credit lines on revolving credit?
Citibank doesn't, at least not on all. I think they may report one of mine correctly, but that could also be because I bt'd almost to the limit.
Rich's - Macy*s Hey - can you read iambroke's posting about Chase jacking the rates, as well as Annie's comment that that policy is tantamount to credit profiling, and see whether your reporter could do a spin on that too as well as whether that could be grounds for class action suit?
CFNA -Credit First National. They are only showing the high credit balance on my Firestone account. leesa
