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News About Capital One

August 19th, 2007 at 07:09 am

Hi, everyone. I just read the following about Capital One on an email newsletter I get. If this is true, it is a big boon for those of us who have Capital One credit cards.

Aug 15, 2007 -- Capital One gets a pat on the back from Clark
For the last few years, Clark has trashed Capital One -- one of the nation's largest credit card issuers and the purveyors of those memorable "What's in Your Wallet?" commercials that people either love or hate. Well, today the company gets some praise from Clark because it's agreed to change a policy about how it reports your information to the credit bureaus. In the past, Capital One would not report how much of your credit limit you were using. That way it always looked like you maxed out 100 percent of your credit, effectively destroying your score. According to Clark, this was an intentional move on Capital One's part because they wanted to hurt your credit and prevent other companies from poaching their customers. ...

Read the rest at [url]http://clarkhoward.com/shownotes/category/7/40[/url]

1 Responses to “News About Capital One”

  1. Amber Says:

    This is interesting, I had a Capitol One card and for some reason I thought they reported the your credit limits, it been a while though. If this is true I guess that is great news for those who has not maxed out their cards

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