How Should Accounts Included in Bankruptcy Be Reported?
When a consumer files for bankruptcy, it significantly impacts their financial obligations and how their accounts are reported to credit bureaus. Accurate reporting…
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How Should Lost or Stolen Credit Cards Be Reported?
When a credit card is lost or stolen, the account must be reported in a way that ensures the consumer’s credit history is…
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….
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…
What Causes Duplicate Tradelines on a Credit Report and How Can They Be Avoided?
What are the common causes of duplicate tradelines on a credit report, and how should they be addressed to comply with the Fair…
How Should a Consumer’s Association with an Existing Account Be Terminated?
What is the correct procedure for terminating a consumer’s association with an account, and how should this be reported to credit bureaus? Answer:…
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