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Do lenders have to report to credit agencies the same time each month?

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Wiki User
May 11, 2005 4:05PM

No. Lenders don't "have" to report to credit agencies at all.

Credit reporting is totally voluntary. There is no law which

requires or compels it. The Fair Credit Reporting Act states that

IF information is reported, then it must be accurate. But there is

no provision that insists on reporting.

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