CheckDispute Guides

Paid account still showing a balance: documents to compare CheckDispute · Sources checked September 20, 2026 If a debt was reported to the credit reporting companies, the CFPB says the paid debt should also generally be reflected as a zero balance — so a paid account showing money still owed is worth a second look. But a balance right after payment can also be ordinary interest arithmetic. The difference is settled by two documents, and here is which two. Why does my credit card have a balance after I paid it off? Usually because of when interest stops. When you carry a balance, most card companies charge interest from the billing date until they receive your payment — and the CFPB notes that once a company starts charging interest, it generally keeps charging until the payment arrives . Many issuers compute that interest daily on the average daily balance. Two consequences. First, the amount you last saw on the statement is not necessarily the amount you owed on the day you paid...

Reported balance versus past-due balance CheckDispute · Sources checked September 20, 2026 A reported balance is the dollar figure the company that services your account sent to the credit reporting company. A past-due amount is a status: money the report says was owed and unpaid after a due date. They are different fields, and the CFPB puts them in different error categories — which means you check each one against a different document. Here is which document settles which. What does "reported balance" mean? A credit report's account entries include the credit limit or amount, the account balance, the payment history, the dates the account was opened and closed, and the creditor's name, according to the CFPB's explanation of what a credit report contains . The reported balance is the account-balance field, and the company that supplied it is called a furnisher — your bank, your card issuer, your lender. One honest limit before anything else: the report doe...