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    Mandge2004's Avatar
    Mandge2004 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Oct 10, 2007, 12:18 PM
    Capital One
    I am currently 21 years old. When I was 18 I applied for a Capital One credit card. The card has helped my credit a lot until recently I noticed that Capital One does not report your actual credit limit. If you have $1300 on your credit card they report that $1300 is your credit limit as well. Even if your actual credit limit is $2500. Capital One makes it look like your card is Maxed out at all times. So today I canceled the card. I pulled my credit the other day and Capital One did report that my card was at a $0 balance however they reported my credit limit as $0. Do you actually think this is pulling down my credit score? Is it going to hurt me that I did cancel this card? I have excellent credit at the moment but I still don't won't anything weighing it down. I have had the card for 3 years. I have outstanding payment history with them. I have never missed a payment and I have always paid the card ontime.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 10, 2007, 12:21 PM
    I don't see this affecting your credit.
    Mandge2004's Avatar
    Mandge2004 Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Oct 10, 2007, 12:29 PM
    Quote Originally Posted by ScottGem
    I don't see this affecting your credit.
    Quote Originally Posted by ScottGem
    I don't see this affecting your credit.
    But do you think it was pulling my credit score down since they weren't reporting my actual credit limit?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Oct 10, 2007, 12:41 PM
    Not really. The score is based more on your payment history.
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