Master CRA/Creditor History of Payments Made Thread

[cashnocredit]

Some, but not all, creditors are now reporting minimum due and amounts paid each month in addition to the standard balance. Prior to 7/2010 this wasn't done. This is important because it allows potential creditors to see that you use credit even if you prepay cards and they report zero balances. Please add your experience. If you have pulled full reports (the one's with soft inqs listed) directly from a CRA please add to this list.

 

EX, from approximately summer of 2010 allowed creditors to post monthly history of payments made as well as min due. A recent poster has an example of EQ allowing this as well. TU, OTOH, as of 5/12 did not report this info.

 

In my case the following creditors are reporting payments made during the month to EX and EQ:

 

Wells Fargo

Chase

 

The following are not:

Citi

Amex

Edited January 5, 2013 by cashnocredit

[Repairerer]

Yes:

Barclays

Chase

GE

Navy

Penfed credit card

Target

 

No:

Amex

Citi

Discover

PSECU

Penfed HEL

[cashnocredit]

Yes:

Barclays

Chase

GE

Navy

Penfed credit card

Target

 

No:

Amex

Citi

Discover

PSECU

Penfed HEL

 

Thanks!

[cashnocredit]

Yes:

Barclays

Chase

GE

Navy

Penfed credit card

Target

 

No:

Amex

Citi

Discover

PSECU

Penfed HEL

 

All three CRAs are now doing fine grain reporting. Please add your experiences.

[cashnocredit]

Yes:
Barclays
Chase
GE
Navy
Penfed credit card
Target

Wells Fargo

No:
Amex
Citi
Discover
PSECU
Penfed HEL

 

All three CRAs are now doing fine grain reporting. Please add your experiences

Edited February 24, 2013 by cashnocredit

[EvoX]

Yes: Chase, Fidelity, SF Fire CU,

No: Citi, AMEX, PenFed, Discover

[cashnocredit]

Yes:
Barclays

Citi
Chase
GE
Navy
Penfed credit card
Target

Wells Fargo

WalMart Discover

 

No:
Amex
Discover

Fidelity
PSECU
Penfed HEL

 

All three CRAs are now doing fine grain reporting. Please add your experiences

 

I've moved Citi into the "Yes" column. It has been reporting payments since 12/13. Please update. It is likely that others have started reporting this as well. This data is used in VantageScore 3.0, the new FICO coming out later this year, and probably custom scores. FICO banking blogs note that payments made are highly risk predictive and also easily differentiated revolvers from transactors.

[cashnocredit]

Yes:
Barclays
GE
Navy
Penfed credit card
Target
Wells Fargo
WalMart Discover

No:

Citi

Chase
Amex
Discover
Fidelity
PSECU
Penfed HEL

All three CRAs are now doing fine grain reporting. Please add your experiences

I've moved Citi into the "Yes" column. It had been reporting payments since 12/13 before stopping. Please update. It is likely that others have started reporting this as well. This data is used in VantageScore 3.0, the new FICO coming out later this year, and probably custom scores. FICO banking blogs note that payments made are highly risk predictive and also easily differentiated revolvers from transactors.

 

Update on my reports:

Chase stopped reporting payments on 3/14

Citi stopped reporting payments on 6/15.

 

These just happened to be siggy and world cards and are my highest CLs.

WF and Walmart MC still report.

 

Seems like a recent trend to stop reporting payments. Perhaps this makes it too easy for credit card predator banks to shooze PIF consumers or especially those that run a balance but make way over the minimum payments and hence are attractive, profitable customers

Edited July 5, 2016 by cashnocredit

[Kat58]

Thanks.

[leedspaddy]

Yes:

Barclays

GE

Navy

Penfed credit card

Target

Wells Fargo

WalMart Discover

 

No:

Citi

Chase

Amex

Discover

Fidelity

PSECU

Penfed HEL

 

All three CRAs are now doing fine grain reporting. Please add your experiences

 

I've moved Citi into the "Yes" column. It had been reporting payments since 12/13 before stopping. Please update. It is likely that others have started reporting this as well. This data is used in VantageScore 3.0, the new FICO coming out later this year, and probably custom scores. FICO banking blogs note that payments made are highly risk predictive and also easily differentiated revolvers from transactors.

 

Update on my reports:

Chase stopped reporting payments on 3/14

Citi stopped reporting payments on 6/15.

 

These just happened to be siggy and world cards and are my highest CLs.

WF and Walmart MC still report.

 

Seems like a recent trend to stop reporting payments. Perhaps this makes it too easy for credit card predator banks to shooze PIF consumers or especially those that run a balance but make way over the minimum payments and hence are attractive, profitable customers

OK question for you..........am I going to get slammed credit wise because of my M$ which of course shows up in the payments listed on the reports for a couple of the reward cards I use. I was actually questioned about the payments by Barclays when I went for a CLI which surprised me..............in terms of risk from the point of view of the creditor what does making $20K of payments in one month on a card with only a 10K limit say if anything????Also should I stop using those cards that report the payments for M$ and just use the cards that don't or doesn't it matter (It matters to me because the cards that report payments just happen to be my best reward cards at the moment and I would rather not stop using them)

[Kat58]

OK question for you..........am I going to get slammed credit wise because of my M$ which of course shows up in the payments listed on the reports for a couple of the reward cards I use. I was actually questioned about the payments by Barclays when I went for a CLI which surprised me..............in terms of risk from the point of view of the creditor what does making $20K of payments in one month on a card with only a 10K limit say if anything????Also should I stop using those cards that report the payments for M$ and just use the cards that don't or doesn't it matter (It matters to me because the cards that report payments just happen to be my best reward cards at the moment and I would rather not stop using them)

 

You should start a new thread.

[cashnocredit]

 

Yes:

Barclays

GE

Navy

Penfed credit card

Target

Wells Fargo

WalMart Discover

 

No:

Citi

Chase

Amex

Discover

Fidelity

PSECU

Penfed HEL

 

All three CRAs are now doing fine grain reporting. Please add your experiences

 

I've moved Citi into the "Yes" column. It had been reporting payments since 12/13 before stopping. Please update. It is likely that others have started reporting this as well. This data is used in VantageScore 3.0, the new FICO coming out later this year, and probably custom scores. FICO banking blogs note that payments made are highly risk predictive and also easily differentiated revolvers from transactors.

 

Update on my reports:

Chase stopped reporting payments on 3/14

Citi stopped reporting payments on 6/15.

 

These just happened to be siggy and world cards and are my highest CLs.

WF and Walmart MC still report.

 

Seems like a recent trend to stop reporting payments. Perhaps this makes it too easy for credit card predator banks to shooze PIF consumers or especially those that run a balance but make way over the minimum payments and hence are attractive, profitable customers

OK question for you..........am I going to get slammed credit wise because of my M$ which of course shows up in the payments listed on the reports for a couple of the reward cards I use. I was actually questioned about the payments by Barclays when I went for a CLI which surprised me..............in terms of risk from the point of view of the creditor what does making $20K of payments in one month on a card with only a 10K limit say if anything????Also should I stop using those cards that report the payments for M$ and just use the cards that don't or doesn't it matter (It matters to me because the cards that report payments just happen to be my best reward cards at the moment and I would rather not stop using them)

 

 

You were questioned about 20k on a 10k card because, well, it's unusual. However, they cannot tell if it represents actual purchases or $M. They can also look at it relative to your income. If your income doesn't support the payments then it might raise a flag.

 

However, a more negative consequence of more banks not reporting payments in the $2 trick. It looks the same as if you are not using credit at all or if you are that it's a miniscule use. That's not a good thing. Except for a few points on FICO.

[Kat58]

You were questioned about 20k on a 10k card because, well, it's unusual. However, they cannot tell if it represents actual purchases or $M. They can also look at it relative to your income. fI your income doesn't support the payments then it might raise a flag.

 

However, a more negative consequence of more banks not reporting payments in the $2 trick. It looks the same as if you are not using credit at all or if you are that it's a miniscule use. That's not a good thing. Except for a few points on FICO.

+1

 

Excellent points.

[leedspaddy]

 

 

Yes:

Barclays

GE

Navy

Penfed credit card

Target

Wells Fargo

WalMart Discover

 

No:

Citi

Chase

Amex

Discover

Fidelity

PSECU

Penfed HEL

 

All three CRAs are now doing fine grain reporting. Please add your experiences

 

I've moved Citi into the "Yes" column. It had been reporting payments since 12/13 before stopping. Please update. It is likely that others have started reporting this as well. This data is used in VantageScore 3.0, the new FICO coming out later this year, and probably custom scores. FICO banking blogs note that payments made are highly risk predictive and also easily differentiated revolvers from transactors.

 

Update on my reports:

Chase stopped reporting payments on 3/14

Citi stopped reporting payments on 6/15.

 

These just happened to be siggy and world cards and are my highest CLs.

WF and Walmart MC still report.

 

Seems like a recent trend to stop reporting payments. Perhaps this makes it too easy for credit card predator banks to shooze PIF consumers or especially those that run a balance but make way over the minimum payments and hence are attractive, profitable customers

OK question for you..........am I going to get slammed credit wise because of my M$ which of course shows up in the payments listed on the reports for a couple of the reward cards I use. I was actually questioned about the payments by Barclays when I went for a CLI which surprised me..............in terms of risk from the point of view of the creditor what does making $20K of payments in one month on a card with only a 10K limit say if anything????Also should I stop using those cards that report the payments for M$ and just use the cards that don't or doesn't it matter (It matters to me because the cards that report payments just happen to be my best reward cards at the moment and I would rather not stop using them)

 

 

You were questioned about 20k on a 10k card because, well, it's unusual. However, they cannot tell if it represents actual purchases or $M. They can also look at it relative to your income. If your income doesn't support the payments then it might raise a flag.

 

However, a more negative consequence of more banks not reporting payments in the $2 trick. It looks the same as if you are not using credit at all or if you are that it's a miniscule use. That's not a good thing. Except for a few points on FICO.

 

It was my income that raised the questions because my income profile definitely didn't support 20K in one month..............so after a lot of back and forth, I was forced to tell them what I was up to........ which apparently they were fine with as they gave me the CLI.........so does listing the payments actually have an effect on the FICO score?

[cashnocredit]

It was my income that raised the questions because my income profile definitely didn't support 20K in one month..............so after a lot of back and forth, I was forced to tell them what I was up to........ which apparently they were fine with as they gave me the CLI.........so does listing the payments actually have an effect on the FICO score?

 

 

 

No. That information is not used in FICO 8. Because of the increasingly erratic reporting it may never be used by a generic score but there are custom scores that may use it. Fair Isaac, amongst others have shown that those that pay >2x the minimum are at a significantly lower risk of default.