Do creditors report last payment due or next payment due?

[Anonymous]

I couldn't find anything about this, sorry if it is a repeat.

My wife and I are closing on a house at the beginning of January. My student loan payments will be going up with a higher payment billed at the end of December due the 3rd week of January, and I'm concerned if the new payment is reported it would raise my DTI too high. 

On a side note, our actual monthly payments are much lower than what is reported to creditors because she is in IBR and while FedLoan reports more than $600 a month as her payment she actually is only on the hook for $0.00. Is there a way to have FedLoan report the actual payment amount to credit bureaus?

Thanks for your time.

[RonM21]

Welcome to the forums. The main thing here is when does the creditor update the bureaus each month. Usually, whatever payment was the most recent before they send that info over is what would be reflected in regards to Credit Cards. Now sometimes with installment loans, they can reflect a month behind, in my experience.

[beutiful5678]

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@Anonymous wrote:
On a side note, our actual monthly payments are much lower than what is reported to creditors because she is in IBR and while FedLoan reports more than $600 a month as her payment she actually is only on the hook for $0.00. Is there a way to have FedLoan report the actual payment amount to credit bureaus?

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This doesn't sounds right to me. My student loans have a $0 payment (on IBR with Great Lakes) and Great Lakes correctly reports my payments as $0. I would dispute the payment amount with the CRAs and then if they come back validated send them proof of the $0 IBR "payments." From what I've read, FedLoan is notoriously hard to work with (very sloppy and frequently giving out incorrect information).