"Your debt has gone up by £340 since your previous total balance"

Money_and_Travel

Clearscore says that, at my last update on 17th October, my Barclaycard balance went up from £340 to £414, but I've always paid it off in full, and my balance is currently at £0 again.

So why does the fact my balance was higher than the previous one, matter?

Isn't spending money on the card, what you're supposed to do?

fatbelly

It doesn't matter one jot

MyRealNameToo

Card issuers send CRAs a point in time snapshot of your balance, for the consumer view its normally updated monthly so all its saying is that this month you'd spent a bit more on the CC then you had the prior month at a similar point in time. 

Lenders get the data from the CRA, they dont ask the CRA to make a judgement on your credit worthiness for them. Ultimately you can only tell if it makes a difference by applying for credit but you would have to be a very marginal case where the difference of £75 of CC balance flips you from an accept to a decline when you have a history of paying it off in full each month.