Reported balances vs starting limit

[BrutalBodyShots]

@AndySoCal, so do you now recognize that it's not common practice for payment history information to be reported?

Are you going to post a screenshot showing that your payment history is reported for all of those lenders you listed?

[AndySoCal]

Will not post any screen shots because I consider that invasion of privacy. Furthermore I will not expand my banking / credit card relationship to those who do report that data.

[BrutalBodyShots]

@AndySoCal , you wouldn't need to include any personal information at all, just a row of monthly numbers showing payment amounts.

[AndySoCal]

@BrutalBodyShots @Post a screenshot from the creditor who think is satising the credit trended data requirements. I will validate if I am seeing the same info on my side

[BrutalBodyShots]

That's not how it works, @AndySoCal. You made a claim that you've got payment history data on the majority of your credit report accounts. I don't believe that to be true based on my experience (both personal and what I've heard from others studying this stuff for about a decade) so I'm asking you for a screenshot to validate your assertion. You weakened your own argument with the last article that you linked which supports my opinion that payment history isn't there the majority of the time. 

Me posting a picture showing payment history on my one (of 10) accounts just for you to say "yeah, that's what all of my accounts show!" does absolutely nothing. It's the equivalent of you saying you've got a $100 bill in your pocket, but are unwilling to actually show me it. Instead, you tell me to show you my $100 bill so that you can say "Yup, that's what I've got in my pocket!" It's would be a silly charade.

[Thomas_Thumb]

I'd approach this differently. If all revolving accounts don't provide monthly data (since it is not mandated) the PIF/transactor identifier can not used. Given this, an account or accounts showing payment fields are blank would nullify its implementation.

What does showing an account with payment data prove? We already know some report it.

If I have 8 revolvers and 4 accounts have payment data and 4 do not? Am I a transactor or revolver? Well ... You can tell that I am a PIF transactor or revolver on 4 accounts - so what.

Without 100% reporting on payments, any model is hamstrung in implementing some type of PIF transactor risk reduction. The status quo continues relative to aggregate balance and utilization risk although trending can be used to moderate risk.

Just to clarify - I am talking about data fields associated with CC accounts as shown on CRA reports. That is the information that credit scoring models use for scoring and 3rd party institutions have available to aid in decisioning. I am not referring to information that may show on a statement summary.

[SRT4kid93]

@AndySoCal 

@BrutalBodyShots 

I will add that the only issuer of mine that ever reported payment information was credit one. 

in fact, not only did they report payment data, but they combined all payments made through the month into 1 lump sum. So if you made 4 $1000 payments. It would say "paid $4000"

none of my other issuers reported, and so when I pulled my annual credit reports, every issuer said "paid $0" in that field.

The way I see it there are 3 options 

1) the company doesn't report payment info at all (in my experience, capital one, chase, and Amex all do this)

2) the company reports payment info, but they only report the most recent payment made. So if you paid $4000, then made a $10 payment. It would say "paid $10" (I don't know which companies do this, but I'm sure it exists)

3) issuers that combine all payments made throughout the month into 1 payment, (credit one is the only issuer that I have found who does this)

[Thomas_Thumb]

@SRT4kid93 

Just to follow-up ...  Which of your card issuers reported minimum payment due to the CRAs? Just credit one? 

[SRT4kid93]

there are 3 fields when I look at annual credit report 

balance-

min payment 

paid-

in the min payment field, I'm almost positive all my issuers reported the "min payment due" in that field. 

But in the "payment" section, everyone except credit one would report $0, it didn't matter if I paid before or after statement cut.  

[BrutalBodyShots]

Right @SRT4kid93, the "paid" field is the one that most issuers do not send data on... just the other two. That's why I'm not buying that @AndySoCal is saying that field contains data on nearly all (but one) of his accounts. My experience has been like yours. You've only seen it with Credit One, I've only seen it with USB. I think he's either mistaken or not being truthful in an attempt to make his argument. That's why I requested a screenshot so that he can show us what he sees. Not surprising, my request was not met.