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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: capital one and credit reporting||Date: 6/13/2007 9:52 PM|
|Author: Windowseat||Number: 254403 of 309051|
I've heard they report nothing...which I might want to take advantage of. If someone could let me know for sure, that'd be awesome.
Capital One reports to FICO and the various credit reports. Definitely. What they don't bother reporting is what your upper credit limit is, which means that other companies that might want to offer you a credit card don't have any idea how much unused credit you might have.
If you were planning on getting a Capital One card, and not paying, you're out of luck. If you were planning on simply paying late, or playing some other trick, it won't help, because the normal deviations (paying late, skipping payments, and so on) do get reported.
But they definitely report to the credit agencies. Promise.
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