Dear Mary: We just built a new home and got our loan through a local bank that does not report loan activity to the major credit bureaus (Experian, Equifax, and TransUnion). Is there anything bad about that?—Jon and Lori
Dear Jon and Lori: This is not unusual. Lenders are not required by any law to report. The only reason this might be of concern to you is if you will be relying on your payment history with this company to improve your credit score.
