Account reported balance
Credit scores & reportsThe balance a lender reports to a credit agency for an account.
Overview
Reported balances can be based on statement dates.
They may differ from your current balance.
Why it matters
- It affects your utilisation ratio.
- It influences credit score calculations.
- It helps lenders see current debt levels.
FAQs
Why is my reported balance different?
It may reflect your statement date rather than today’s balance.
Can I change the reported balance?
You can reduce your balance or wait for the next report cycle.
Related terms
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