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…
Category: Payment Behaviors
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…
How Do I Report a Charged-Off Account That Has Been Paid?
Question: What is the correct procedure for reporting a charged-off account that has been subsequently paid by the consumer, and how does this…
How Do I Report an Account That Has Been Transferred to Another Lender?
Question: What are the correct procedures for reporting an account that has been transferred to another lender, and how does this ensure compliance…
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