What does "NA" mean for Recent Balance?
Date: Fri, 02/26/2010 - 16:36
I recently settled two debts. The accounts have been updated on my credit reports, and are now showing "NA" for the High Balance and Recent Balance. How is "NA" interpreted? Is it considered the same as a zero balance?
On my Experian credit report, one account shows:
Status: Paid, Closed
High Balance: NA
Recent Balance: NA
On the other account, it shows:
Status: Paid in settlement
High Balance: NA
Recent Balance: NA
Creditor's Statement: Account legally paid in full for less than full balance.
Thank you in advance for providing clarification.
Sincerely,
Rinnie
Since the accounts have been paid off and closed, 'NA' stands fo
Since the accounts have been paid off and closed, 'NA' stands for not available status for the limits and balances on the accounts. It is more important that your accounts have been updated to the status of paid and settled accurately. The not available status wouldn't affect your score.
Hi, Rinnie, there is nothing to worry about and I do agree with
Hi, Rinnie, there is nothing to worry about and I do agree with our Guest. 'NA' stands for various things but for you it says 'not available' as you have already cleared off your debts.
Thank you for the helpful information. I truly appreciate it!
Thank you for the helpful information.
I truly appreciate it!
Why NA and not $0
I have the same concern. If he already cleared the debts, why not list his balance as "$0"? Why would balances be "not available" (they clearly ARE available)? I think Ronnie (and I) want to know how FICO interprets the NA when calculating credit score. Does it count it as $0, or does it omit it from calculation, or does it count it as maxed out?