Tips, articles, and information about credit reporting from the team at Edge Credit Reporting. What is it they say about the more you know…
Answer: When a consumer settles a debt, they reach an agreement with the creditor to pay less than the full amount owed. This…
Answer: Special Comment Codes are an important component of credit reporting that provide additional context or information about an account beyond what is…
Answer: The Equal Credit Opportunity Act (ECOA) Code ‘T’ is used to indicate that a consumer’s association with an account has been terminated….
Answer: When a consumer disputes information on their credit report, the data furnisher must conduct an investigation to verify the accuracy of the…
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…
Forbearance is a temporary postponement or reduction of payments granted to a borrower facing financial hardship. It is commonly used for loans like…
