Exception Reporting vs Balance Reporting

These terms refers to two different ways of credit reporting accounts once they have initially been reported:

• Exception reporting - the account is reported when it is new and is not reported again until it is paid in-full or withdrawn by the client. The account is only reported once, and the bureau does not receive any updates if partial payments are received or the balance is adjusted.
• Balance reporting - the account is reported when it is new and is not reported again until it is paid in-full, withdrawn by the client, the balance changes or if any description code such as dispute is added or removed.

Keywords - Kbase Credit Reporting Accounts