Monthly Payment on EX reports...
[ Edited ]
should be $0...not
03-13-2012 06:45 PM - edited 03-13-2012 06:46 PM
I noticed that my EX report shows positive values in the Monthly Payment field for many (5) accounts that have a zero balance and thus no monthly payment. These accounts have all reported multiple consecutive zero balance statements in a row. But for some reason, EX seems to be using the minimum payment as it appeared on my last non-zero balance statement (from months ago). Most of them are really low, but added together, they inflate my total monthly payments by over 10%.
If the behavior does in fact follow the rules I've observed, the only way that I can get them to go down is to allow a $1 balance to report on a future statement. So that will make the impact on my "Monthly Payments" total negligible, but I still don't like this. I'm a bit OCD about some things and my credit is one of them, so this really bothers me. Also, I'll be applying for a mortgage at some point and I shouldn't have this affecting my DTI, even if it is a really small amount.
Has anybody else noticed this? I'm surprised that I couldn't find anything on here already. But I guess, given the "less than good" (<-generous) search function of this site, I shouldn't be. Any suggestions.
And I'll throw in my feel good story for today, I got approved for a $15k Pen Fed Rewards card 9.9% variable today. It's my biggest ever, by quite a bit. Yeay me!