Strange Occurrence

[Anonymous]

So I have a credit card that is through Credit First NA.  Last month, December, the balance reported to all three CRAs at $241.  I paid it off.  This month, according to CreditKarma, it reported to TU as a $0 balance revolving account, but on EQ it is reporting a $241 balance as an installment account.  How weird is that?  Has anyone else seen that happen, is this something I should dispute?  I don't know if it really matters that much.  I intend to pull a new 3B report here on MyFico late next week sometime when all of my tradelines have reported for January but until then, I am assuming that the info on CreditKarma for EQ is accurate to what was reported.  I wouldn't be too concerned about this but I intend to apply for a mortgage in about 5-6 weeks.  I could also wait to see what it updates in February, but then it will be too late to dispute if that is what I need to do to have it corrected.  Any suggestions would be appreciated.  Thanks.

[Anonymous]

Ignore Credit Karma.  The only report that is 100% true and accurate is the paper report from the bureaus directly.  Even the reports from MyFico may not have 100% of the information contained on your paper reports.

You can get a paper report for free once a year from each bureau.

[Anonymous]

Credit Karma is known historically to display revolvers as installment accounts, especially on EQ.  If you use a different CMS, or better yet if you obtain a copy of your paper report from EQ I have little doubt that it would be shown as a revolver. 

As for the balance, it's not uncommon to see a balance not updated 1 month to a certain bureau where it does update on the other 2.  I see this happen probably every couple of months.  Sometimes the "last reported" date doesn't change on the bureau where the balance remains the same (meaning the reporting simply never made it there) and other times the "last reported" date does update, but the balance itself doesn't change.  These are just sort of quirky things that happen from time to time that more often than not correct themselves the following cycle.

[Anonymous]

Thank you I'll just wait it out then!

[Anonymous]

Thank you I'll just wait it out then!

[Anonymous]

If having that balance updated is really important you could always contact the creditor and inform them that for whatever reason their monthly reporting wasn't reflected on your EQ report and request that they do a re-reporting.  This is often referred to as an off-cycle reporting.  Some creditors like Discover will do this no questions asked, where others won't do it at all.  It really depends on their policies.