started reusing an old account, will this boost my score?

[Logan]

Suffice it to say that there is more data used in credit reporting than most people "see" in a given report. (I did a little work on the "database" side of a major CRA once, and in the payment card industry as well.) Please trust me, they use this information to form models. They actually track spend/pay patterns to determine the best customers (known as the revolvers... of which there are different types).

The worst people, other than those that don't pay.... are the transactors. Those who pay their balance off each month. I remember when CitiGroup took all the transactors on their AA card one year, and reduced the available credit line. Just because they used the bank as a 1-59 day interest free cash advance. Many credit card companies responded with complex formulas using an "average daily balance" in order to combat this practice.

Bankruptcy has made me a transactor!!!

[whipster1]

Hey one more question...Macy's (zero balance) wasn't in my original list of CH7 creditors, and aren't mentioned on my BK petition.

Can I assume they'll properly send me a statement in the mail? I don't want to pay late!!

Should I call a CSR there and make sure all is well?

You can get online access to the account, or go to a store and check it out. Macys.com

[estreeter34]

Hey one more question...Macy's (zero balance) wasn't in my original list of CH7 creditors, and aren't mentioned on my BK petition.

Can I assume they'll properly send me a statement in the mail? I don't want to pay late!!

Should I call a CSR there and make sure all is well?

Tom, I to had a Macy's card that survived and have been using it to build my score. I believe it has helped and I was recently approved for a Cap. 1 card. Macy's sent me a statement after I started usung the card again, but you can just go the there web site and register and check your account and make payments, then you have no worries! Congrats, and I am glad it is helping you.