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Info Banks Provide to the 3 Agencies

Anonymous
Not applicable
‎01-30-2018 09:05 AM
‎01-30-2018 09:05 AM

Info Banks Provide to the 3 Agencies

I noticed that Chase reports your highest ever balance while Discover only reports your highest statement balance. Is this normal? Any benefits or drawbacks to either? Any other info that varies in reporting like this?
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2 REPLIES 2
thornback
Senior Contributor
‎01-30-2018 09:10 AM
‎01-30-2018 09:10 AM

Re: Info Banks Provide to the 3 Agencies

It's normal. My USAA Sig Visa reports highest ever balance - statement balance is always $0. It doesn't affect scoring -- but shows any lender doing a manual review that you use your credit and are able to payoff a high balance.
Personal Aphorism:"Forget What You Feel, Remember What You Deserve"
Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
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Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Anonymous
Not applicable
‎01-30-2018 09:17 AM
‎01-30-2018 09:17 AM

Re: Info Banks Provide to the 3 Agencies

Good to hear. My statement balance on my CSP has been under 20% each time, but I already maxed the card out and that balance reported.
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