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Alex J. Esq.
Alex J. Esq., Attorney at Law
Category: Consumer Protection Law
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Experience:  Experienced Licensed Attorney
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If you have an auto loan and they report to the credit

Customer Question

If you have an auto loan and they report to the credit bureau to help build your credit and another company buys the loan can they decide not to report to the credit bureau
Submitted: 6 months ago.
Category: Consumer Protection Law
Expert:  Alex J. Esq. replied 6 months ago.

Hello. My name is ***** *****

Thank you for your question.

I will be happy to provide you the information you are seeking for educational purposes only.

Generally, YES.

Unfortunately, creditors are not legally required to report any loans to the credit agencies and do so at their own discretion.

I am very sorry to provide you with this bad news, but please understand that I do have professional obligation to provide JustAnswer.com customers with correct answers, even when answer is not favorable to the customer.

I wish you the best of luck and God bless you!

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