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Re: Credit Reporting for good
by P-Bone (NY and OH)
on July 25, 2016 @07:56
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Not familiar with QuickCheck, but I have researched this before. Surprisingly I found that reporting them would not help them. Understand that making payments regularly is a good thing for anyone's credit report, but by consistently reporting the good payments, you are also effectively reporting a monthly liability. The fact that a new recurring debt would be reported on their credit report, impacting their credit utilization and all debt to income factors, it actually hurts more than it helps.
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