Balance/Limit on Credit Report?

Question

When companies report your high balance on your credit card, how often do they update it?

For example, if your limit is $10,000.  You spent 3K a couple of months ago (most you've  spent on the card so far )....then 2K the next month. (Paying off each balance in full each month). 

Would the high balance remain as:
High Balance: 3K
Limit 10K
 .....for how long??

SPIFIMAN1 · Accepted Answer

Several figures show on credit reports aas far as credit cards go. Most are listed as follows;

High Credit               Terms
Creditlim                   Past due
Balance                    Remarks

$3,202.00                 Min $90
$3,150.00                 $0
$3,028.00

This reflects this psersons credit limit is $3,150.00 with a high balance of $3,202.00 and a current balance of $3,028.00 minimum payment is $90.00 and she is current.

As far as how long they report this way it will be for as long as they report period.

This was taken from a actual credit bureau.

Anonymous · Answer

Yes it would stay until you exceeded the 3K balance. Then it would report whatever your newest high balance was. It will report like that for as long as you have an active account.

rak · Answer

they put the highest balance that you have ever had on the card, like this

in jan you spent $3000
in feb you spent $1000
in mar you spent $100
in apr you spent $2000
in may you spent $400

they would report the highest balance of $3000

? · Answer

that's quite useful to get a loose credit document as in case you do no longer think of that's yours you greater perfect verify the credit document to determine no longer something is on it. human beings's identy's have been stolen and used so i could get a loose document and verify into it.

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Balance/Limit on Credit Report?

4 Answers