Its important to make sure the credit limit on each of your accounts is accurately reported to the bureaus. When creditors under report or don’t report the limit at all, the bureaus assume your high balance is your limit. This under/non reporting of your limit adversely impacts your score, since your account balance will represent a higher percentage of the limit than if the full amount of the limit were reported. Some courts are now holding that it is the duty of the credit bureaus to ensure that creditors report accurate limit information on all accounts. Disputing this type of inaccurate info can add many valuable points to your credit score.

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