What Is the Correct Way to Report Accounts That Have Been Transferred, Sold, or Acquired?
How should data furnishers report accounts that have been transferred, sold, or acquired to ensure accuracy, avoid duplicate tradelines, and comply with FCRA…
Category: Rental Payments
What Is the Impact of Medical Debt on My Credit Report?
How does medical debt affect your credit report, and what recent changes in law and reporting standards should consumers and data furnishers be…
How Should Closed Accounts Be Reported, Including Those Closed at the Consumer’s Request?
What are the proper procedures for reporting closed accounts, and how should accounts closed at the consumer’s request be flagged to ensure compliance…
How Should Accounts Included in Bankruptcy Be Reported? A Guide for Data Furnishers
What are the correct procedures for reporting accounts included in bankruptcy, and how do FCRA and Metro 2® guidelines shape these requirements? Reporting…
How Do I Report an Account That Has Been Settled in Bankruptcy?
When a consumer files for bankruptcy, certain accounts may be either discharged (legally forgiven) or settled through a bankruptcy plan. Reporting these accounts…
How Do I Report a Loan That Has Been Paid in Full Before the Scheduled Maturity Date?
When a borrower pays off a loan in full before its scheduled maturity date, it is considered an early payoff or loan prepayment….
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