Credit Bureau Reporting

Discussion in 'Credit Talk' started by Kevin Yaeg, Dec 24, 2000.

  1. Kevin Yaeg

    Kevin Yaeg Guest

    Does anyone know the laws concerning how a credit reports an account to the credit bureau? Do they have to report a charged off account or is it entirely up to them if they choose to report a bad account?
  2. Nevo

    Nevo Guest

    There are no laws about what must be reported to the credit beaurus, only laws about what's acceptable.

    If a creditor doesn't want to report, he doesn't have to.

    However, it's safe to assume that if they pull credit reports from the beauru, they have a contract which obligates them to report.

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