High Balancing Reporting

Anonymous · ‎07-23-2014

I am curious if the high balance listed on credit reports will decrease if one remains at a lower balance for a certain period of time.

For example, I had a high balance listed for $2,150.00. However, I have paid that balance down to $34.00. If I keep that balance at $34.00 for, let's say, three months, will the $34.00 be listed as my highest balance?

Thank you!

pizzadude · ‎07-23-2014

@Anonymous wrote:
I am curious if the high balance listed on credit reports will decrease if one remains at a lower balance for a certain period of time.

For example, I had a high balance listed for $2,150.00. However, I have paid that balance down to $34.00. If I keep that balance at $34.00 for, let's say, three months, will the $34.00 be listed as my highest balance?

Thank you!

No, the high balance is the largest balance you've carried to date on that card, regardless of the current balance.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX

ExplicitElicit · ‎07-23-2014

@pizzadude wrote:
@Anonymous wrote:
I am curious if the high balance listed on credit reports will decrease if one remains at a lower balance for a certain period of time.

For example, I had a high balance listed for $2,150.00. However, I have paid that balance down to $34.00. If I keep that balance at $34.00 for, let's say, three months, will the $34.00 be listed as my highest balance?

Thank you!
No, the high balance is the largest balance you've carried to date on that card, regardless of the current balance.

x2 - The $2,150.00 will always be the highest balance listed unless you exceed that amount in which case the new amount will show as your high balance.