Industry Focus: Debt Buyers and Collections
Reporting purchased accounts and collection activity with clarity.
Updated 8/14/2025 · 1 min read
Chain of title
Use ownership and original-creditor fields to reflect provenance and avoid duplicates. Align statuses and balances with the collection phase and cease reporting when legal obligations end.
DOFD and suppression
Establish and preserve the correct DOFD from the original tradeline to ensure lawful purge timing. Do not restart the clock during resale or servicing changes.
When to stop reporting
Stop reporting once an account is fully paid, settled, or legally extinguished. Ensure balances drop to 0 and that dispute flags are cleared when no longer applicable.
Last updated
8/14/2025