Differences in Reporting Consumer Credit vs. Commercial Credit

Most people are familiar with — or at least aware of — consumer credit reports. Most people also know they have a credit score based on their payment histories. They expect debtors to report most of their installment payments to the bureaus. But fewer people have ever heard of business […]

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. […]