Highest Amount

[Anonymous]

Can anyone tell me what does "high amount" mean on your credit report and how does that high amount affect your credit score?

[llecs]

"High amount" Or "high limit" has no bearing at all on your score.....except in cases of signature CCs or traditional charge cards like Amex. I can't speak for Signature cards (e.g. Visa Signature), but I think the high limit is used in consideration for the CL on those TLs and for Amex on TU98 FICO score only, the high limit is considered the CL for scoring purposes.

[Anonymous]

It may not mess with your score, but it will be used to determine whether or not you can get a loan. I tried to buy a car back in October and was denied chiefly due to my largest limit being $900 at the time.

[AndySoCal]

There are two fields that can report with a credit card by the creditor.  The fields are one is called credit limit and the other is high balance. High balance highest balance ever reported on the account. Not sure if the high amount on your credit report is the high balance or not. There are two scenerios one can possibly hurt or score the other probably will not. The first scenerio is creditor reports a high balance of $600.00 but does not report the credit limit. The current balance on the credit card is $400.00. The utilization in this case is 67% which possibly lower your score depending your other credit card accounts if any. The second scenerio is the same as the first but the creditor reports the credit limit of $2000 which makes the utilization 25%. The point is the high balance will be used to calculate the utilization if the credit limit is not reported. If the credit limit is missing I would consider getting that corrected.  I hope this helps.