Master Credit Reporting Accuracy and Prevent Errors

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Lenders, credit bureaus, and consumers all have a vital interest in achieving data accuracy on credit reports. Companies use these reports to make loan approval decisions and depend upon their accuracy. Inaccurate information can lead to incorrect decisions that can have a negative impact on both lenders and consumers alike. This paper explores several key questions related to this topic. What are some of the most common errors that occur when consumer data is sent to the credit bureaus? What do the credit bureaus do with the furnished data? What can lenders do to ensure their Metro 2® file submission is accurate? What can lenders do to ensure that submitted tradeline data is accurately reflected on their consumers’ credit reports? How can lenders empower their customer service representatives to proactively assess and respond to consumer disputes?

In Depth

Compliance
Consumer Banking

Master Credit Reporting Accuracy and Prevent Errors

In Depth

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