topic Mysterious 'Balance Change' in General Credit Topics

Mysterious 'Balance Change'

Anonymous — Fri, 15 Mar 2019 17:33:07 GMT

Hi All,

I was hoping if anyone could shed some wisdom. I just received a notification via email indicating that I have a balance change of $110 in my credit. However, I have zero credit card balances and have checked all of them to see if it could be an annual fee charge, I have one car loan but it is $550/monthly and verified that it's been paid in full monthly. Last item would be my student loan, which is currently on deferrement, however I checked the balance on my site and the amount that's showing is the amount that's reporting so I'm not sure where the $110 is coming from but I'm afraid if I don't find it, it will turn into a collection (I'm currently in the process of obtaining a mortgage) I'm a newbie to navigating on myFico dashboard, so is there a way to find where this 'balance change' came from?

Re: Mysterious 'Balance Change'

Revelate — Fri, 15 Mar 2019 18:27:04 GMT

Look in the alerts, often that will say what tradeline it occurred on. Unless you get a full data refresh you won't see it in the report data.

Generally speaking if your accounts are all current in the bank interfaces you're fine, don't sweat the small details but if it's TU/EQ just check Credit Karma or EX there's free access there to the report data if you're truly concerned but I wouldn't be personally on this one.

Re: Mysterious 'Balance Change'

SouthJamaica — Fri, 15 Mar 2019 23:09:17 GMT

@Anonymous wrote:
Hi All,

I was hoping if anyone could shed some wisdom. I just received a notification via email indicating that I have a balance change of $110 in my credit. However, I have zero credit card balances and have checked all of them to see if it could be an annual fee charge, I have one car loan but it is $550/monthly and verified that it's been paid in full monthly. Last item would be my student loan, which is currently on deferrement, however I checked the balance on my site and the amount that's showing is the amount that's reporting so I'm not sure where the $110 is coming from but I'm afraid if I don't find it, it will turn into a collection (I'm currently in the process of obtaining a mortgage) I'm a newbie to navigating on myFico dashboard, so is there a way to find where this 'balance change' came from?

Where did you get the alert from? MyFICO? Does it say TransUnion? Is it for your overall balances or for a single account?

Re: Mysterious 'Balance Change'

MakingProgress — Thu, 21 Mar 2019 19:16:51 GMT

From what you said I would guess that the balance changed on any non subsidized student loans. They would report the increase in interest owed as a balance increase.