Introduction

We're excited to announce a significant enhancement to the Credit Parse Pro platform with the addition of numerous new fields designed to provide deeper credit report insights. These updates focus on expanding payment history tracking, adding detailed date information across multiple segments, and introducing comprehensive payment metrics that will allow for more nuanced credit analysis.

Segment level updates:

Our latest update introduces field expansions across three key credit report segments:

1. Tradeline Segment Updates

We've enhanced the tradeline segment with detailed payment history tracking:

payment_history: This new field provides a comprehensive record of payment activities, allowing for better analysis of payment patterns over time.

2. Public Records Segment Updates

The public records segment now includes critical date tracking:

status_date: Tracks when a public record status was last updated

closed_date: Records when a public record was officially closed

3. Collections Segment Updates

We've significantly expanded the collections segment with multiple new date and balance fields:

open_date: Captures when a collection was initially opened

effective_date: Records when the collection became effective

closed_date: Documents when a collection was closed

open_balance: Shows the current outstanding balance on the collection

total_balance: Displays the total balance on the collection

Summary level updates:

Tradelines Summary Enhancements

Overall

Regular vs. Non-Regular Payment Counts for the past 6, 12, and 24 months

Non-Regular Payment Percentages for the past 6, 12, and 24 months

Regular and Non-Regular Payment Counts (excluding student loans) for 6, 12, and 24 months

Non-Regular Payment Percentages (excluding student loans) for 6, 12, and 24 months

Installment

installment_utilization_ratio_no_student_loans: Ratio of current balance to original loan amount (excluding student loans)

open_count_no_student_loans: Count of open installment accounts without student loans

open_sum_no_student_loans: Sum of balances from open installment accounts without student loans

total_count_no_student_loans: Total count of all installment accounts without student loans

Public Records Summary Enhancements

total_count: Total count of all public records

total_open_count: Count of currently open public records

total_bankruptcy_count: Total count of bankruptcy records

total_open_bankruptcy_count: Count of open bankruptcy records

Collections Summary

count: Total count of all collections

open_count: Count of open collections

open_balance: Total balance of open collections

total_balance: Total balance of all collections

Why the updates?

More Comprehensive Payment Analysis

The new payment history tracking and detailed payment metrics allow for more nuanced analysis of payment patterns. By differentiating between regular and non-regular payments across multiple time frames, users can better assess payment reliability trends.

Student Loan Differentiation

By providing parallel metrics that exclude student loans, CreditParsePro now enables more accurate analysis of borrowers' credit behaviors. Student loans often follow different payment patterns than other debt types, and these new fields allow for more precise credit assessment.

Enhanced Collections and Public Records Insights

The expanded date fields and balance information for collections and public records provide a more complete picture of these credit events, helping users better understand the timeline and financial impact of these items.

Implementation Notes

These new fields are now available in all API responses. No changes to your existing integration are required to access these new fields – they'll automatically appear in your responses.

For detailed documentation on the new fields, visit our GitHub API Documentation.