Unlike credit card statements, which are often updated in real-time, credit reports can have a bit of delay. That’s because lenders might only report to credit reporting agencies once a month to show your payment history and balance for that month. Although some report more often than that, it isn’t the norm.

Therefore, it should be of no surprise to see a discrepancy in your current balance with the balance on your report — as long as the balance on the report is one you held at least at one point throughout the previous month.

Want to know more? Read here to find out how often your credit report updates.