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#2270189 - 05/06/22 11:43 PM Rounding on Credit Report
Inspector Offline
Gold Star
Joined: Apr 2016
Posts: 283
I suspect this probably doesn't impact anything but is it appropriate to round the customers payment when reporting to the credit bureaus? I am looking at a situation where all payments are rounded down, so $22.60 is $22 and $22.99 is $22 etc. The payment reflects as current, the amounts reported just don't match what the customer actually pays.

Again, .40 to .99 shouldn't move the needle on the customers credit report but just looks weird to me.
Last edited by Inspector; 05/06/22 11:46 PM.
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#2270190 - 05/07/22 12:08 PM Re: Rounding on Credit Report Inspector
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Payments are reported to the credit bureaus in whole dollars only.

Reporting Standards

• Monetary fields are reported in whole dollars only. Cents should be truncated.
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#2270192 - 05/07/22 07:04 PM Re: Rounding on Credit Report Inspector
Inspector Offline
Gold Star
Joined: Apr 2016
Posts: 283
Thank you. Truncated as opposed to rounded, makes sense.
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