Tips, articles, and information about credit reporting from the team at Edge Credit Reporting. What is it they say about the more you know…
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…
An account that is closed but still carries a balance is considered an active financial obligation, even though no further transactions (like new…
When a credit account is paid in full and closed, it marks the successful completion of a borrower’s obligation. Accurate reporting of such…
Student loans are a major part of consumer credit and require careful reporting to ensure accuracy, transparency, and compliance with the Fair Credit…
Medical debt has long been a controversial topic in credit reporting, as unexpected medical expenses can create financial burdens for consumers. Recent changes…
