Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Showing results for 
Search instead for 
Did you mean: 
New Member

Sources of credit balance information

What are your sources.  It does not match my Cc balance.  Please clarify

2 Replies
Level 15

Sources of credit balance information

Are you using Turbo? -->


Opus 17
Level 15

Sources of credit balance information

The Turbo® service draws it's information from TransUnion, one of the 3 national credit bureaus.  Turbotax is updated every 2 weeks, I think, and each credit bureau is updated by the lenders whenever the lender feels like it, usually once a month.  So the number for your balance in Turbo today could be your loan balance at any time in the past 6 weeks or so.  (For example, my main credit card can show a balance anywhere from zero to $4000, depending on what day of the month the balance is recorded, even though I pay it in full every month.)

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Privacy Settings