How Does a Business Report to the Credit Bureaus?

The three major credit-reporting agencies — Experian, TransUnion and Equifax — gather credit information about consumers. To assist in the gathering of this information, companies can keep track of customer account activities and report to the credit bureaus. In turn, they let consumers request a copy of their credit report. Banks and other lenders use […]

How To Report Adverse Credit To The Bureaus

If you’re a creditor or a landlord and you have a customer who is delinquent on an obligation, you can take action. Among the best methods to provoke a reaction and get a payment from a delinquent client will be to report adverse credit to the credit reporting agencies — Trans Union, Experian and Equifax. […]

PERSONAL CREDIT VS. BUSINESS CREDIT

Which Came First, the Chicken or the Egg? The thing about getting credit if you’re a small business is this: You can’t get credit history unless someone gives you credit. And you can’t get credit unless you have credit history. We know this personally because we’re a small business. We know many other small business […]

Business Credit vs. Personal Credit

How much do you know about business credit? Would it surprise you to find out that, according to Experian, 90% of business owners know very little about commercial credit. Many use personal credit to run their businesses. That said, there are several significant differences every business owner should know between business and personal credit, including: […]

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