is this considered negative?

Discussion in 'Credit Talk' started by allen074, Sep 15, 2002.

  1. allen074

    allen074 Well-Known Member

    is this bringing my score down?

    Credit Limit/Original Amount:
    $5,650

    High Balance:
    $7,569

    Recent Balance:
    $7,569 as of 07/2002

    Since the balance is 2500 over the limit, does that look bad?

    also, how does that affect my ratios?

    thank you
     
  2. SCMomof5

    SCMomof5 Well-Known Member

    Yes, it would bring your score down. Part of the scoring is how much of your credit is being used. Creditors like to see that # less that 35- 40%. This account is like 150%.

    You need to pay that sucker down.
     
  3. allen074

    allen074 Well-Known Member

    thanks Mom

    how do i get them to change the CL to 8000 instead of the 5500?
     
  4. Platinum

    Platinum Well-Known Member


    If your CL is $8000 then just go ahead and dispute the old info reported. Equifax ( I don't know about EX and TU ) can update CL or balance within 3 days.
     
  5. allen074

    allen074 Well-Known Member

    I love citibank and do not want to do anything to screw that up.

    Would disputing it make citibank not like me?

    thanks
     
  6. allen074

    allen074 Well-Known Member

    b u mmp
     
  7. LKH

    LKH Well-Known Member

    No it won't screw up your relationship. But, rather than dispute with the cra's, call this # (605) 331-1991 and ask for Judy Lang. Someone else posted this awhile back, but I can't remember who.
    Anyway, I had a problem with Exp reporting my limit as N/A. Killed my score. I called and they sent me a letter which stated my limits and that 100% was currently available to me, even though it wasn't. I faxed that to Exp. and it was updated in 3 days.
     
  8. allen074

    allen074 Well-Known Member

    ok "biggie" lkh... what happened to your score when it was fixed? :)
     
  9. LKH

    LKH Well-Known Member

    It was corrected and gave me an additional 6 pts also.

    My new GM card also reported as of today. That also was an additional 6 pts on Exp. And, they even reported the cl right.
     
  10. allen074

    allen074 Well-Known Member

    Hey LKH! Thanks.. I spoke to Judy and she said she would fax over the correct info immediately!

    Thanks again!
     

Share This Page