How does lenders report data to credit bureaus?

Answers:1   |   LastUpdateAt:2012-10-15 10:47:03  

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Rahid Haque
Asked at 2012-09-29 01:04:02
I was very curious about this. How lenders report to the credit bureaus . What documents via email , fax or mail , stating that the debtor pay as agreed or late ? Also , ( for example. ) if you do not pay a car loan , how quickly lenders get infomation to the credit bureaus and how long it takes for agencies to update the negative information ? Do lenders have to pay a monthly fee to inform agencies or what? I can report negative infomation to the credit bureaus and ruin someone , if I owe money ?
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Answer1Jasmine 20Answered at 2012-10-15 10:46:14
Nice try .. I know .... U r trying to find a way out of that mess out ... he he he he hehe
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