How Do I Report an Account That Has Been Transferred to Another Lender?
When an account is transferred from one lender to another, proper credit reporting is essential to maintain the accuracy and integrity of the…
Category: Payment Behaviors
How Do I Report an Account That Has Been Settled for Less Than the Full Balance?
When a borrower and creditor agree to settle an account for less than the full amount owed, it’s crucial that the account is…
How Do I Correct an Error in a Previously Submitted Metro 2® File?
Errors in credit reporting can happen—but under the Fair Credit Reporting Act (FCRA), furnishers are legally required to correct any inaccuracies promptly and…
What Is the Difference Between the Account Status and the Payment Rating?
In credit reporting, Account Status and Payment Rating are often misunderstood or used interchangeably—but they serve distinct purposes in how consumer tradelines are…
Can I Report a Delinquent Account if the Borrower Is Now Deceased?
When a borrower passes away while carrying a delinquent account, furnishers must handle the situation sensitively and accurately. Reporting the account of a…
How Should I Report an Account with Zero Balance and No Activity for Months?
Question: What is the appropriate method for reporting an account that has a zero balance and has shown no activity for an extended…
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