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