Tips, articles, and information about credit reporting from the team at Edge Credit Reporting. What is it they say about the more you know…
Question: What are the correct procedures for reporting an account that has been transferred to another lender, and how does this ensure compliance…
What is the correct way to report the Date of First Delinquency (DOFD), and why is this date so important for compliance with…
In cases where a creditor sells an account to another company, and the purchasing entity does not convert or report the prior payment…
When a creditor sells an account to another entity, and the purchasing company intends to convert and report the prior account history, it…
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…
