terrell n asked: i was always curious about this. how does lenders report to the credit bureaus. do they email, fax or mail documentation, stating that debtor paid as agreed or was late? also, (for example.) if you default on a car loan, how do the lenders quickly get the infomation to the credit bureaus and how long does it take for the bureaus update the negative info? do the lenders have to pay a monthly fee to report to the bureaus or what? can i report negative infomation to the bureaus and ruin some one’s credit if they owes me money?
Mackenzie