Slide 11 of 16
Credit Bureau Reporting
- All accounts are reported monthly
- The reporting of a current repayment status can help your credit rating
- 30, 60, and 90 days delinquent are reported as well as accounts submitted to a collection agency
- The reporting of account delinquency will damage your credit rating
- Damaged credit rating may result in disapproval on future purchases (examples: house, new business)
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rev. 05/19/2017