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Correct Past Due Loan Reporting

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Question: 
How should the date of first delinquency be calculated when reporting to the credit bureaus?
Answer: 

The “clock” for a 30-day delinquency starts 30 days after the due date, as opposed to the billing date.

Refer to the Credit Reporting Resource Guide which you can get from your credit bureau reporting representative.

First published on 09/24/2023

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