Hi all! Just a quick question...I noticed on my credit report that it seems most of my accounts show I'm over (or have been over ) my credit limits and most of them are innacurate. Example....Sears shows my credit limit is 2100 and my high balance was 2500. I've never been late and the account is perfect and I KNOW this is an error (I've never had a 2500 blance on this card ). My question is.....is this hurting me or my credit score? Like I said...most of my accounts show this on my report and I was just wondering if this is bad? Thanks in advance for any assistance!
I believe it would only affect your scores if the current balance were at or over the credit limit. If you want the incorrect HB off your report, you could contact the OC and ask them to report the high balance correctly. Not sure if I would suggest you dispute it through the CRA, if it is a positive account that is. They're known to delete all together (and not just the specific item you wanted deleted or changed or updated).
