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Historical data: Monthly pmt/ actual pmt

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creditn00bAt40
Established Member

Historical data: Monthly pmt/ actual pmt

Couple of questions regarding historical info of tradelines...

I got a nasty Christmas present from Synchrony in the form of a limit reduction on a credit card of mine. I was baffled, as I've never missed a payment, paid more than the minimum, and actually had a $0 balance much of the year just prior to the AA. But I figured they just figured out i didn't belong in the credit game, and I expected my other 3 synchrony accounts to follow suit. It's been 2 months and the others remain unchanged. I can't let stuff go, so I started digging into the historical data reported on the TL. I noticed some of the months the reported actual payment is lower than the minimum. This didn't actually ever happen, but does it matter as long as there are no late payments listed for the account? Does anyone know if creditors rely on this data when reviewing a tradeline for possible AA? Please note my purpose in asking these questions is just to learn more about my credit and how it appears to creditors - I'm not trying to fight synchrony about my penneys limit. 

 

Also curious about the full credit report that lenders receive . Even when I go to free annual report .com, I only get the truncated report that the credit monitoring apps provide. Is there a way to view a more detailed credit report without paying? The only reason I saw all this in the first place is because Equifax included parts of my credit file with a dispute result recently. 

Message 1 of 6
5 REPLIES 5
NoMoreE46
Community Leader
Senior Contributor

Re: Historical data: Monthly pmt/ actual pmt

Can you provide some of your examples of this?

 


@creditn00bAt40 wrote:

Couple of questions regarding historical info of tradelines...

I got a nasty Christmas ... I noticed some of the months the reported actual payment is lower than the minimum. This didn't actually ever happen, but does it matter as long as there are no late payments listed for the account? ....


 

Message 2 of 6
creditn00bAt40
Established Member

Re: Historical data: Monthly pmt/ actual pmt

Screenshot_20240216_225539_Drive.jpg

 

I must not be reading/ understanding it correctly because to me it looks like the payments I made were less than the scheduled payment amount on 11/21, 12/21, & 10/22. And the months of 3/22 and 1/23 are missing entirely?

 

Message 3 of 6
GZG
Valued Contributor

Re: Historical data: Monthly pmt/ actual pmt


@creditn00bAt40 wrote:

I must not be reading/ understanding it correctly because to me it looks like the payments I made were less than the scheduled payment amount on 11/21, 12/21, & 10/22. And the months of 3/22 and 1/23 are missing entirely?

 


where did you get this? that isn't an official report afaik 

 

https://www.annualcreditreport.com/index.action 

 

pull your reports from here and see what they say

 

the payments were reported as on time, so I'd imagine they'd be much more interested in the balance information than the payment amount information. Were you carrying balances for extended periods of time? 

 

also, it's Synchrony, lowering limits is a matter of when and not if

Starting FICO 8:

Current FICO 8:

3/6, 5/12, 14/24

Message 4 of 6
creditn00bAt40
Established Member

Re: Historical data: Monthly pmt/ actual pmt

That payment history table was from Equifax, sent in a document containing results of an unrelated dispute. I don't know why, but sometimes their dispute result documents include those tables for every single account in my credit file. Sometimes they only include the one disputed account. And still other times, they don't include any.

 

I didn't realize synchrony had an affinity for lowering credit limits. The only other creditor who's done this to me was comenity bank, but I had already come to view that account as a liability after some system upgrade attempt went awry and resulted in months without account service.

Message 5 of 6
Slabenstein
Valued Contributor

Re: Historical data: Monthly pmt/ actual pmt


@creditn00bAt40 wrote:

 

Also curious about the full credit report that lenders receive . Even when I go to free annual report .com, I only get the truncated report that the credit monitoring apps provide. Is there a way to view a more detailed credit report without paying? The only reason I saw all this in the first place is because Equifax included parts of my credit file with a dispute result recently. 


To my knowledge, what you get from ACR is the most extensive version of your credit report that exists.  From what I've seen, the reports that lenders get when they pull your credit contain less information than your ACR's, not more.


Message 6 of 6
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