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Do you have any recourse against the bank if they are NOT reporting your loan to the credit bureaus?
Wiki User
∙ 13y ago
Not likely. There is no law or regulation that says a bank must report loans to a consumer credit reporting agency. Indeed, many business loans are not reported to the agencies. There are certainly plenty of protections requiring banks to furnish accurate information when they report, and to follow up on customer claims of inaccurate information. You can find more information on the Federal Trade Commission's web site. Search for Fair Credit Reporting Act (FCRA) and Fair and Accurate Transactions Act (FACTA).
Wiki User
∙ 13y ago
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What is the lowest amount that can be reported to credit bureaus?
$0. Credit bureaus do not have a minimum amount reporting requirements.
How can my business report to the credit bureaus?
Three of the major business credit-reporting bureaus are Experian, Equifax and Dun & Bradstreet. The business must first establish an account with one of the bureaus and transfer information to that service. This process can help businesses establish credit.
What are the names of the three credit reporting bureaus that determine your fico scare?
Transunion, Equifax, And Experian
How do you remove bankruptcy from your credit rating?
The only way to remove a bankruptcy from your credit report is to dispute it to the credit bureaus. The credit bureaus have 30 days under the Fair Credit Reporting Act, to verify your bankruptcy withe the court that filed it or it must be removed from your credit report.
Can you remove bankruptcy from credit report?
Yes you can remove a bankruptcy from your credit report. You must dispute it to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or it must be removed from your credit report. A bankruptcy should only be disputed if it is erroneous or inaccurate.
Who do you get your credit score from?
The CRA (Credit Reporting Agency/Bureaus).
What is the lowest amount that can be reported to credit bureaus?
$0. Credit bureaus do not have a minimum amount reporting requirements.
How do you report an eviction to the credit bureaus?
No need to do any reporting. When the eviction judgment was entered, the credit bureaus update their files and will put this on the defendant tenant's credit file.
If a US creditor is not reporting a credit card to the three major credit bureaus because of a foreign address will delinquency in payment also stay off of one's credit report?
ANSWER That is correct. If the creditor is not reporting to the major bureaus there is no report... good or bad.
Where online can one find comparisons of credit reporting bureaus?
The best way to find online comparisions of credit reporting bureaus is to look for user forums. Here one can find customer experiences. There may be some websites that compare these bureaus, but most of these sites are not independant.
What must a business do in order to begin reporting customer credit information to the bureaus?
A business needs to apply for membership with the credit bureau (or bureaus) with whom the business wishes to provide customer credit information. Each of the three (3) major credit bureaus provides a mechanism for a business to join and begin leveraging credit reporting services. The web pages to do so for each of the reporting agencies are included as related links for this question.
Can Court collections be removed?
Collections can be disputed to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or the listing must be removed from your credit report.
Does car repossession show on your credit report?
Almost all auto lenders will report a reposession to the credit bureaus. There is a possibility that they won't report to all three credit bureaus as credit reporting is a voluntary system. They may only report to one or two of the bureaus.
How does a business report to the credit bureaus?
Three of the major business credit-reporting bureaus are Experian, Equifax and Dun & Bradstreet. The business must first establish an account with one of the bureaus and transfer information to that service. This process can help businesses establish credit.
How can my business report to the credit bureaus?
Three of the major business credit-reporting bureaus are Experian, Equifax and Dun & Bradstreet. The business must first establish an account with one of the bureaus and transfer information to that service. This process can help businesses establish credit.
Does paying car insurance monthly build your credit?
Paying your insurance premiums do no report to any credit reporting bureaus.
How accurate are online credit reports?
Online Credit Reports are extremely accurate if they are obtained from on of the 3 major credit reporting bureaus. Be careful that you don't get scammed by checking your report through a company that is not affiliated with the 3 Credit Bureaus.
