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Question about "Not Reporting" to CRA's

Bella007
Senior Contributor

Question about "Not Reporting" to CRA's

I don't understand exactly what it means when people say that such-and-such credit card (like CreditOne) doesn't report if there is a zero balance. Does this mean that they don't provide any data to the CRA for that particular month? Wouldn't they still report "pays as agreed," or is that a term that the CRA adds to the report? 

Current Scores: EQ 679;TU 647; EX 679 Gardening since 11/7/18
Beginning Scores-- EQ 632; TU 576; EX 619 FICO 08 (06/13/16) - BK7 discharged 11/2015
Message 1 of 3
2 REPLIES 2
takeshi74
Senior Contributor

Re: Question about "Not Reporting" to CRA's

Doesn't report means doesn't send data to the CRA.  If there creditor doesn't report then no data is sent.

 


@Bella007 wrote:

Wouldn't they still report "pays as agreed," or is that a term that the CRA adds to the report? 


Nope.  The creditor has to report that.  The CRA can't assume that and manufacture data.

Message 2 of 3
Bella007
Senior Contributor

Re: Question about "Not Reporting" to CRA's


@takeshi74 wrote:

Doesn't report means doesn't send data to the CRA.  If there creditor doesn't report then no data is sent.

 


@Bella007 wrote:

Wouldn't they still report "pays as agreed," or is that a term that the CRA adds to the report? 


Nope.  The creditor has to report that.  The CRA can't assume that and manufacture data.


Thanks for the reply! I appreciate it.Smiley Happy

Current Scores: EQ 679;TU 647; EX 679 Gardening since 11/7/18
Beginning Scores-- EQ 632; TU 576; EX 619 FICO 08 (06/13/16) - BK7 discharged 11/2015
Message 3 of 3
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