Discussion in 'Credit Talk' started by Capital On, Aug 15, 2000.

  1. Capital On

    Capital On Guest

    My Capital 1 Visa is reported to the bureaus as carrying zero "high credit" (=Credit limit). This is the only U.S. card I currently have. Credit limit is $1000.

    Reading a previous post of Doris, I realize this is a policy, not an error.

    After reviewing my application for a store card (Target), it was denied for the following reason:

    "Your credit bureau report indicates a high ratio of debt to available credit".

    Reading that paying off every month is not the best way to build credit, I'm used to leaving about $20 revolving.

    Guess what? Since my revolving credit is higher than my REPORTED credit limit, even a $20 revolving balance is seen as a high ratio of debt-to-available credit.

    Comments or descriptions of similar instaces will be appreciated.


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