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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: capital one and credit reporting Date:  6/16/2007  11:03 PM
Author:  DBAVelvet74 Number:  254510 of 312137

Since there is no reported credit limit for the account, all they can use is the high-balance in the last 12 (or 24?) months as your credit limit for the account.


They are not required to use high credit as a proxy for credit limit. They could use a common statistical technique called 'imputation' to figure out a likely credit limit based on other information in the credit report.

They just choose not to.
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