I didn't want to hijack the other persons thread so I hope this is okay. I keep seeing on here about CC companies not reporting limits to the CBs. Is there a chance that if they did it could actually hurt your score? My husband only has a $300 limit on 2 cards trying to build credit, he keeps them at a $0 balance so there is no worry about them being maxed out. But if he did have to use one and had a balance do you think with such a small limit it could hurt the scores since the ratio would seem high?
His main problem is that he has only 2 cards with $300 limits. His scores would improve, after any initial drop from opening the account or having an inquiry, if he had an additional higher limit but still low balance account or two. If you have an account such as a CapOne account that does not show a limit, just run it up, possibly thru a BT, then pay it off. It should then show a high balance, which FICO will use in place of the unreported CL. Other than that, make sure most of your accounts report your credit limits, and that your balances stay a small fraction of your total reported available credit. Beyond that, a long history of on time paying makes the most difference.
<90% is required not to trash your score <50% will have minimal impact <10% will have no or very little impact These aren't hard and fast numbers, just general guidelines that I personally have come across and use.
I will have to go check that and see if there is a high balance listed on the reports now. Both are back at 0 balances. We don't use them, got them for the sole purpose of building the credit scores back up.
