The highest balance is reported under the Metro 2 format as field code 12, and is defined in the common credit reporting manual used by each of the big-3 CRAs as the "highest balance ever attained."
It is not limited to only the statement balance.
Thus, the answer is that the creditor should use their own records to determine and report the highest balance ever attained on the account, even if higher than the highest statement balance reported to a CRA.
Thank you for the information. It's always good to get this kind of info.
The "highest balance" is used only for trending data or for a manual credit review. It is not factored into the fico score.
Hope this helps thanks
Yes, thanks so much for the reply.