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Energy providers No current Credit Balances.

Dandytf
Dandytf Posts: 5,073 Forumite
Part of the Furniture 1,000 Posts Name Dropper
edited 12 June 2024 at 11:13AM in Credit file & ratings
Noticed SP reporting via EX cra report.
Is there any reason why current in Credit Balance isn't reported as showing Zero.
Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb

Comments

  • CliveOfIndia
    CliveOfIndia Posts: 2,566 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Your post is a little difficult to understand.  But in general, positive balances aren't shown on CRA reports - since, by definition, you don't owe anything, so it's nothing to do with credit.  Similar to how a current account will show zero even if you've got a million quid saved in there - the only thing that gets shown on a credit report is if you're using the overdraft.
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 12 June 2024 at 12:13PM
    Your post is a little difficult to understand.  But in general, positive balances aren't shown on CRA reports - since, by definition, you don't owe anything, so it's nothing to do with credit.  Similar to how a current account will show zero even if you've got a million quid saved in there - the only thing that gets shown on a credit report is if you're using the overdraft.
    It is short text though one energy provider one credit agency report.
    Thanks for answering why non OD Credit Balances aren't reported.
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
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