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Author: dsemmler Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308232  
Subject: Re: Do NOT apply for a Capital One credit card!! Date: 8/28/2004 6:18 PM
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Dean,

Thanks for posting that information. That is how I thought it was reported on the credit report. While I agree with you that if your only card is a Capital One, or any other card that does not report the credit limit, it could impact your FICO score, I don't feel the company is doing that because they want to screw all of their customers.

Too many times people feel someone is out to get them simply because the numbers are not in their favor. These companies may very well have valid reasons for not reporting the credit limit, I cannot say for sure because I have no idea.

To anyone that this is a serious concern, I would encourage you to do any of the following things:

1. Dispute the lack of credit limit with the CRA. This may or may not do anything as I am not sure if this falls under the category of information that can be disputed. But since it does have an impact on your FICO score, I would think it is worthwhile to try.

2. Call the offending company and voice your complaint with their practice and see if they can give an explanation as to why the CL is not reported. Also, PlanetFeedback.com may get you a response from the company.

3. Vote with your feet. Drop the offending card and transfer any balance to a new card that does report the credit limit.

FWIW, I do appreciate the fact that the OP called this practice out to inform anyone that was not aware of this and that may be concerned about their FICO score being impacted. However, I do feel the OP went a little over the top in trying to make it out that Cap One is solely out to screw him over.

dt
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