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Latest Blog & Articles
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How Should a Consumer’s Dispute Be Reported When the Investigation Is Still Ongoing?
Answer: When a consumer disputes information on their credit report, the data furnisher must conduct an investigation to verify the accuracy of the disputed item. Reporting an ongoing investigation accurately is crucial to remain compliant with the Fair Credit Reporting Act (FCRA) and to ensure that the consumer’s rights are protected throughout the dispute process.…
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How Should Accounts That Have Been Transferred Be Reported?
When an account is transferred from one lender to another—often due to the sale of a loan or a change in servicing—it is crucial that both lenders report the change accurately to maintain compliance with the Fair Credit Reporting Act (FCRA). Properly reporting transferred accounts ensures that the consumer’s credit history remains accurate and reflects…
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How Should Accounts in Forbearance Be Reported?
Forbearance is a temporary postponement or reduction of payments granted to a borrower facing financial hardship. It is commonly used for loans like mortgages, student loans, or auto loans. Reporting accounts accurately during forbearance is crucial for compliance with the Fair Credit Reporting Act (FCRA) and to ensure that the consumer’s credit report reflects their…
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