U.S. Office of Personnel Management www.opm.gov - Recruiting, Retaining and Honoring a World-Class Workforce to Serve the American People

Electronic Questionnaires for Investigations Processing (e-QIP)

Frequently Asked Questions... about Financial Disclosure Form (SF-714)

Sections include:

Overview;  |  Employee Identification;  |  Annual Income;  |  Bank Accounts;  |  Investment Accounts;  |  Owned Real Estate;  |  Owned Vehicles, Boat, Airplanes, Other;  |  Real Estate You Lease or Rent From Another;  |  Leased Vehicles, Boats, Airplanes, Other;  |  Other Assets;  |  Mortgages, Loans and Other Liabilities;  |  Credit Cards;  |  Additional Income/Bankruptcy;  |  Safe Deposit Box;  |  Comments;  |  Certification;

Credit Cards

1. How do I report my credit card debt?
2. Every month I pay off my credit card balance; therefore, am I required to report my year-end balance?
3. Every month I pay a different amount on my credit cards. How do I report the last payment amount?
4. I generally pay my credit card off every month. However, the billing cycle is mid-month. Assume I paid off my balance on December 20th and received a new bill on January 15th that covered all purchased between December 15th and January 15th. Do you want to know what the exact balance was on December 31st?

1. How do I report my credit card debt?

   Answer: Credit card debt should be reported in Section 11: Credit Cards for each card if the year-end balance is $500 or greater.

2. Every month I pay off my credit card balance; therefore, am I required to report my year-end balance?

   Answer: If you had a credit card balance less than $500 as of December 31, or you have already paid the total amount due for your December statement by December 31, you should not report it.

3. Every month I pay a different amount on my credit cards. How do I report the last payment amount?

   Answer: The last payment amount is indeed the last payment you made in the calendar year, typically the December payment.

4. I generally pay my credit card off every month. However, the billing cycle is mid-month. Assume I paid off my balance on December 20th and received a new bill on January 15th that covered all purchased between December 15th and January 15th. Do you want to know what the exact balance was on December 31st?

   Answer: If you paid off your December 15th balance on the 20th then you have a zero balance and do not need to complete that particular screen. You do not need to add up all of the purchases between the 15th and the 31st. However, you should report your December credit card statement balance if it was unpaid before December 31st and it exceeded $500.

Back to Top