Historical Credit Information Update File
This File will be used to update the credit information of a facility which was erroneously submitted to the Bureau. For example, if a lender submitted the wrong current balance amount (either due to a typographical or other human error; and thus does not require payment information to update the current balance amount) and later realize the error, the lender will use this file to update the information. This could also be used to resolve a dispute if the lender realizes it submitted the wrong credit information to the Bureau.
This file should be submitted by a lender wishing to correct an erroneous state of an account previously submitted to the Bureau.
File Name: Historical Credit
File Code: FC
No of columns: 24
Update frequency: Daily
DST v4.1 Pages 74-76