How Should a Disputed Account That Has Been Resolved Be Reported?
Answer: When a consumer disputes an account on their credit report, it triggers an investigation process to verify the accuracy of the information….
Category: Rental Payments
When Is It Appropriate to Report an Account with Multiple ECOA Codes?
Answer: Equal Credit Opportunity Act (ECOA) Codes are used to indicate the relationship between a consumer and a credit account. In some cases,…
How Should Accounts That Have Been Transferred Be Reported?
When an account is transferred from one lender to another—often due to the sale of a loan or a change in servicing—it is…
How Should an Account Be Reported When a Consumer Voluntarily Surrenders or Redeems Merchandise in Bankruptcy?
What is the correct way to report an account when a consumer voluntarily surrenders or redeems merchandise during bankruptcy proceedings? Answer: When a…
How Do I Terminate a Consumer’s Association with an Account on a Credit Report?
What are the steps and considerations for terminating a consumer’s association with an account on a credit report? Terminating a consumer’s association with…
What are the Pros and Cons of Reporting Rental Payments for a Property Manager
Reporting rental payments is a critical aspect of property management, and it can have both positive and negative impacts on a property management…