AFSCME 3357-HOF'S BLOG

Box Score: Capital One - Customer Zero
How Capital One could be undermining your credit score

It seems like the companies that market the most to customers with blemished credit go out of their way to undermine credit scores. Capital One has admitted that it makes a practice not to disclose credit limits to the credit bureaus. To make a long story short, this results in a reduction of the credit scores for the Capital One customers because the credit bureaus and credit scoring companies then have to use a proxy to determine percentage of credit used, a key component of credit scoring systems.

The less alternative credit available - the more onerous terms that Capital One can extract.


Credit Card Limits Often Unreported (washingtonpost.com)