Reporting and updates

[Anonymous]

I just received an update to one of my accounts. It is showing that my balance went up by a certain amount and this is true but not true. I had to put something on my cc but paid it off the next day, due to transferring funds and time constraints and there have been transactions since then. It was not close to my statement end date why is it showing it went up so much? Which only lists amounts I added and not the amounts that I paid so now its showing a 28% increase. 

[SouthJamaica]

---

@Anonymous wrote:

I just received an update to one of my accounts. It is showing that my balance went up by a certain amount and this is true but not true. I had to put something on my cc but paid it off the next day, due to transferring funds and time constraints and there have been transactions since then. It was not close to my statement end date why is it showing it went up so much? Which only lists amounts I added and not the amounts that I paid so now its showing a 28% increase. 

---

The amount is the reported balance as of a certain date, which is probably a couple of days earlier than the day you got the alert.

With most, but not all, lenders, the reported balance is the last statement balance, but we would need to know the name of the lender to know if it is within the general rule, or one of the exceptions.

[Anonymous]

It was a Capital One account. This whole thing makes me crazy. I also lost 3 to 6 points for paying off a trade line loan.....how does that makes sense? And for paying off over $500 on a credit card that still has a high balance but why lose points for paying it down?