topic Re: Quick Question About Balance Reporting in General Credit Topics

Quick Question About Balance Reporting

Iusedtolurk — Tue, 02 Aug 2022 04:37:05 GMT

What's the lowest balance a credit issuer will report to a CRA.

I was checking my Disco and I see after my payment hits I will have a 15 cent balance will this be reported as 15 cent balance or zero balance to CRAs.

I generally only have 2 cards reporting a balance every month and don't want 3 reporting a balance due to 15 cents.

No biggy but 3 balances reporting do drop some of my scores. (not that I'm about to do any apps soon I just hate seeing scores drop-yeah I'm kinda screwed up now since rebuilding lol ). (At least I don't check my scores everyday now that they seldom change lol again).

Re: Quick Question About Balance Reporting

tcbofade — Tue, 02 Aug 2022 09:15:41 GMT

I still check mine every day...

I expect it to report as a zero balance, could report as a one dollar balance... Discover could just forgive the 15 cents and actually have a zero balance.

As you mentioned, if you're not applying for anything in the next 30 days, don't sweat it... it'll fix itself either way!

Re: Quick Question About Balance Reporting

Remedios — Tue, 02 Aug 2022 12:16:29 GMT

It won't report

Re: Quick Question About Balance Reporting

Iusedtolurk — Tue, 02 Aug 2022 19:23:31 GMT

@tcbofade@RemediosThanks for the info.

I will leave it alone and let it do what it do just to see definitely the outcome.

If I was applying for a mortgage I would pay the 15 cents off as to not take any chances for something quirky to happen because another balance reporting does negatively affect the mortgage scores especially since I would be doing AZEO and if the 15 cents did report as a balance it would screw the AZEO up.