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…
When a borrower passes away while carrying a delinquent account, furnishers must handle the situation sensitively and accurately. Reporting the account of a…
Question: What is the appropriate method for reporting an account that has a zero balance and has shown no activity for an extended…
Question: What is the correct procedure for reporting a charged-off account that has been subsequently paid by the consumer, and how does this…
Question: What are the correct procedures for reporting an account that has been transferred to another lender, and how does this ensure compliance…
A deferred account is one where payments have been officially postponed under the terms of the loan agreement, often due to school enrollment,…
When a lender agrees to temporarily postpone a consumer’s regular payments, whether due to hardship, disaster, or a payment assistance program, the account…