Individual credit references (other than rental/housing payments) from a creditor must include the following:
the creditor’s name,
the name of the individual providing the reference,
the date the account was opened,
the amount of highest credit,
the current status of the account,
the required payment amount,
the unpaid balance, and
the payment history.
The historical status of each account must be stated in a “number of times past due” format using “0 X 30, 0 X 60, 0 X 90” days late.
Note: Vague statements such as “current,” “satisfactory,” or “pays as agreed” are not acceptable by themselves.
Last updated 2 years ago
