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December 22, 2005

Capital One and disappearing credit limits

Is there something mysteriously missing from your credit reports? If you have a credit card account with Capital One or a few other creditors there may be some holes in your credit records. Your credit limits are probably not being reported to Equifax, Experian and TransUnion. Why? Because these credit card companies don't want other creditors to see how valuable you are as a customer and try steal you away.

The trouble is that this omission by the creditor can harm your credit scores pretty significantly. Is it legal? Yes. Can you change it? No. But you can decide not to keep accounts open with companies that support these policies.

Credit.com just posted a must-read article online all about these disappearing credit limit records.  Click here to read more about your missing credit limits.

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