topic Re: Equifax report shows a credit balance that does not match my statement closing balance in Understanding FICO® Scoring

Equifax report shows a credit balance that does not match my statement closing balance

Objectivist — Wed, 10 Oct 2012 05:47:13 GMT

How is this? My 10 day older TU report shows last month's closing balance, but not Equifax or Experian. However, my EX and EQ reports match. I'm confused. Did my bank just randomly report my balance on some random day?

Re: Equifax report shows a credit balance that does not match my statement closing balance

bettercreditguy1 — Wed, 10 Oct 2012 11:30:04 GMT

The CRAs recieve and update information at different times and sometimes often through out the month.

Re: Equifax report shows a credit balance that does not match my statement closing balance

llecs — Wed, 10 Oct 2012 12:10:49 GMT

It's not that common, but some do mid-statement updates. Which creditor is it if you don't mind us asking?

Re: Equifax report shows a credit balance that does not match my statement closing balance

Objectivist — Wed, 10 Oct 2012 15:11:40 GMT

It's BofA. I'm in Michigan if that makes a difference.

Re: Equifax report shows a credit balance that does not match my statement closing balance

llecs — Wed, 10 Oct 2012 16:11:31 GMT

I've had BofA for several years and haven't experienced a mid-statement update. Is it possible you talked to them, GW'd them, wrote them, called them, disputed something, changed an address, or something like that? They will update mid-statement if you update any info with them. I used to update my address, and without changing or retyping anything, I would click "submit" and within a couple of days they would start to update my CRs. Cool service not offered by other CCCs.

Re: Equifax report shows a credit balance that does not match my statement closing balance

Objectivist — Wed, 10 Oct 2012 18:18:44 GMT

I asked for a CLI...could that be it?

Re: Equifax report shows a credit balance that does not match my statement closing balance

GregB — Wed, 10 Oct 2012 18:27:12 GMT

I would guess that is it. Does the amount seem like it is more recent than the last statement?

BofA does sometimes report the current balance when you change address, personal info, etc. It wouldn't surprise me that a CLI request would also update.

I have made changes that resulted in an update but others caused no update.

Re: Equifax report shows a credit balance that does not match my statement closing balance

YahComb — Thu, 11 Oct 2012 19:46:52 GMT

BOA gave me an off-cycle update at both CLI's and at graduation. Also just got one when my AF posted just 2 days after my statement closed-the day they listed the update is the day before i called to inquire about having it waived so i don't think that triggered it. Since my balance is set to auto-pif right after the statement cuts my balance actually smaller now lol.

Re: Equifax report shows a credit balance that does not match my statement closing balance

Revelate — Fri, 12 Oct 2012 17:43:46 GMT

BOFA has done a series of mid-cycle updates on me in the past few months. Once when I increased my limit, once I suspect because I loaded the card with some of my spending I'd been saving up for, and then it appears to have done so when I graduated but that's likely because I accepted a decreased limit.

I'd never had this happen in the past either with this card or with prior ones, so it either appears to be a semi-recent change, or a behavior issue by yours truly when it comes to the somewhat strange middle one.