Reply
Valued Member
Posts: 55
Registered: ‎09-26-2012
0

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

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?

Established Contributor
Posts: 760
Registered: ‎02-11-2012
0

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

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

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

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

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

Valued Member
Posts: 55
Registered: ‎09-26-2012
0

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

It's BofA. I'm in Michigan if that makes a difference.
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

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

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.

Highlighted
Valued Member
Posts: 55
Registered: ‎09-26-2012
0

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

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

Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
0

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

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.

Established Contributor
Posts: 599
Registered: ‎03-10-2012
0

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

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.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Moderator Emeritus
Posts: 12,002
Registered: ‎12-30-2011
0

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

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.

 

 

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.