Tips, articles, and information about credit reporting from the team at Edge Credit Reporting. What is it they say about the more you know…
An account is considered transferred when a lender or servicer moves the account—typically a loan—from one institution to another. This may occur due…
Forbearance is a temporary arrangement where a lender agrees to reduce or suspend a borrower’s required payments for a set period due to…
A deferred account is one where payments have been officially postponed under the terms of the loan agreement, often due to school enrollment,…
When a lender agrees to temporarily postpone a consumer’s regular payments, whether due to hardship, disaster, or a payment assistance program, the account…
Prepaid credit cards and gift cards are not considered traditional lines of credit and, in most cases, should not be reported to consumer…
Paid accounts are closed trade lines that have been fully settled and no longer carry an outstanding balance. While the financial obligation has…
