What is "Original High Balance"?

[ApresMoi]

I am working on the creditor matrix. Can someone tell me what this means? Original high balance? Law firm wants info for each creditor: "original high balance". I HAD no balance when I opened the accounts. They were at zero. What does this mean? Would ask atty or para, but their offices are closed. Thank you.

[mtbc]

Does your district's local rules perhaps describe the mailing matrix format in a way that answers this question? (My district didn't want balances on it at all.)

Of course, some loans -- car loans, for instance -- won't have started with a zero balance. So maybe you understand it correctly and do get to write zeroes!

[ApresMoi]

Thanks. I finally figured out last night (in a fog) that I was filling out the wrong form. The form was for 'secured debt' of which I have none. The form for unsecured debt doesn't ask that question (it's all on the credit report in any case).

I usually can find an answer to everything on google, but nothing was coming up for 'original high balance'. At any rate, I don't need to worry about it. I think you are right, it is probably whatever the original balance was on a laon for a car, appliance, or other 'expensive' purchase.

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The form

Does your district's local rules perhaps describe the mailing matrix format in a way that answers this question? (My district didn't want balances on it at all.)

Of course, some loans -- car loans, for instance -- won't have started with a zero balance. So maybe you understand it correctly and do get to write zeroes!