Statements
Line of Credit Statements
Statements for a line of credit provide a detailed summary of activity on the line, including transactions, fees, interest charges, payments, and the current balance.
They serve as a critical communication tool between lenders and borrowers, ensuring transparency and helping borrowers track their financial obligations. Statements can be generated on a cycle-based cadence (e.g., monthly or quarterly, depending on the line's cycle policies) to align with billing cycles, and they can also be created on an ad-hoc basis for specific needs, such as upon request or after significant account changes.
Our system supports both types, offering flexibility to meet regulatory requirements, borrower preferences, and operational needs while maintaining accurate and timely financial records.
| Data Group | Description | Fields |
|---|---|---|
| Statement Metadata | Defines what period this statement covers and when it becomes effective | statement_id, event, effective_at, statement_inclusive_start, statement_exclusive_end, interval_type, cycle_length_days |
| Account & Product Details | Identifies the account and key terms like limits and rate categories (e.g., purchase vs cash advance APR) | account_id, line_of_credit_id, credit_limit_cents, available_credit_cents |
| Balances Snapshot | Start-of-cycle vs end-of-cycle balances, broken down by principal, fees, and interest | balances.start, balances.end |
| Activity Summary | Summarizes all financial movement during the cycle. Shows how you got from beginning to ending balance | Activity subsections: draws, payments, fees, interest, credits, refunds, offsets, total_change_cents |
| Minimum Payment Details | Tells customer how much they must pay, and by when, to avoid late fees | min_pay subsections: current, past_due, total_min_pay_cents, min_pay_due_at |
| Interest & Grace Period Status | Indicates if the account is in a grace period and what APRs apply | interest_grace section |
| Past Due Status | Indicates if there are unpaid minimums from prior cycles | days_past_due, min_pay.past_due |
| Compliance & Reporting | Information to help statements align with reporting and disclosure rules | interest_rates_by_category, year_to_date.total_interest_paid_cents, year_to_date.total_fees_paid_cents |