Tips, articles, and information about credit reporting from the team at Edge Credit Reporting. What is it they say about the more you know…
A charged-off account is a debt that a creditor has written off as unlikely to be repaid after prolonged delinquency. Even though the…
When a consumer files for bankruptcy, not all accounts may be included in the bankruptcy discharge or repayment plan. Some accounts may remain…
Temporarily postponed payments, also known as forbearance, deferment, or payment suspension, occur when a lender allows a borrower to delay or reduce payments…
A loan assumption occurs when a new borrower takes over responsibility for an existing loan from the original borrower. Properly reporting loan assumptions…
A mortgage loan modification is an agreement between a lender and borrower to change the terms of a mortgage, often to make payments…
When a consumer files for bankruptcy, it significantly impacts their financial obligations and how their accounts are reported to credit bureaus. Accurate reporting…
