What Happens to My Credit Report When I Settle, Pay Off, or Negotiate a Debt?
How are paid, settled, or negotiated debts reported to credit bureaus, and what are the compliance requirements and consumer impacts under FCRA and…
Category: Payment Behaviors
How Are Authorized Users and Joint Accounts Reported?
What is the difference between authorized users and joint account holders, and how should each be reported to ensure compliance with FCRA and…
How Do I Report an Account When the Borrower Is Deceased?
When a borrower passes away, their credit file must be updated promptly and accurately to prevent identity theft, reduce the risk of fraudulent…
How Do I Report an Account That Is in Dispute?
When a consumer disputes an account, they are challenging the accuracy, completeness, or validity of the reported information. Under the Fair Credit Reporting…
How Do I Report a Loan That Has Been Assumed by Another Party?
When a loan is assumed by another party, it means that the original borrower has transferred the repayment responsibility to a new borrower,…
How Do I Report an Account That Has Been Reaffirmed in Bankruptcy?
A reaffirmed account is a debt that the consumer has chosen to continue paying, even after filing for bankruptcy, through a formal reaffirmation…
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