Credit reporting can sometimes feel a bit intimidating, particularly if an account is included in bankruptcy. Bankruptcies may move through several stages and take months or years to resolve. This often leads to incorrect credit reporting. In April 2021, the Consumer Data Industry Association’s Metro 2® Task Force updated and simplified bankruptcy reporting guidelines to help address these issues. Join us for our monthly webinar to discuss these changes, look at examples of both Chapter 7 and Chapter 13 reporting, and overview proactive steps you can take to prepare for bankruptcy reporting.
This webinar will not focus on coaching, counseling, or decisions about whether to file for bankruptcy. It would be most valuable for loan officers and those who handle their loan fund’s credit reporting duties.