creditscorepicThe way information appears on our credit reports is about to change. Soon consumers will see “Time Series Payment Data” on all reports.

“Traditionally, credit card accounts on credit reports have contained balance information only as recent as your prior month’s statement, says John Ulzheimer, Credit Expert at So, if you just received a statement in the mail with a $5,000 balance, that’s the balance that would appear on your credit report, even if it became quickly outdated because of a payment or new charges. The addition of time series payment data to credit reports now allows for the reporting of your balances, the amount due on your credit card accounts and, most importantly, the amount you actually paid.

Time series payment data is helpful because it helps lenders distinguish between consumers who pay their bills in full each month and those who carry balances from one month to the next.

“We all know not paying your credit card balance in full each month leads to expensive interest payments. Now, not paying your credit card in full each month can lead to a lower credit score,” says Ulzheimer.


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  • Kenji

    this is going to be all bad and even worse for people who are trying to get out their credit debt to become more stable. i see more people being denied for home loans etc based on the fact they are only paying minimum ..all bad man

  • Jameka

    This doesn’t strike me as very good news, so you get a low score for not paying your bill off each month and get a low score if you don’t use credit at all, or haven’t used credit in a long time because companies close your accounts

    • Me

      your score don’t drop just b/c you have a zero balance. i learned if you still charging on it every month & just pay it off every month it’ll actually go up.

    • Jameka

      Ok, we’ll that’s good to know

  • Red Pill

    How is this fluff worth anything when financiers are bound by their risk models the primary filter is the actual score?

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