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#2263633 - 12/14/21 10:30 PM Original loan amount - reporting open end lines
Baker Offline
Platinum Poster
Joined: Nov 2005
Posts: 792
Washington State
What is reported as the original balance for revolving lines of credit to the credit reporting agencies? Is it the original loan limit threshold or is it the balance at the time of origination?

For example, if the loan limit is $10,000 do you report that as the original balance?

OR

The loan limits is $10,000 and at the time they loan is originated they have a $0 balance. Do you report $0?

The information on the credit agency sites is not very clear.

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#2263635 - 12/14/21 11:06 PM Re: Original loan amount - reporting open end lines Baker
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
You have three separate fields.

Credit Limit.

Highest Credit or Original Loan Amount which would be for a line of credit the Highest amount of credit utilized by the consumer

And

Current Balance
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