One way to report bad debt to the credit reporting agencies would be to pay a fee and have your full-time in-house credit team report the debt directly. Unless you have a large volume, high revenue business, this approach is probably not practical. In that case, it makes more sense […]
Can a Small Business Report Non-Payment to Credit Bureaus?
April 26, 2018 By Leave a Comment
As a small business owner, you understand the imporance of getting paid for the products or services you provide. If a debtor fails to pay, it may hinder your ability to make payroll, buy office supplies or keep the lights on. You can try to collect the unpaid debt yourself […]
Here’s Why You Should Use a Consumer Credit Reporting Service
April 24, 2018 By Leave a Comment
You’re probably familiar with credit reporting agencies (CRAs), more commonly known as credit bureaus. These agencies maintain credit reports for every American consumer with a federally-issued social security number (SSN). A credit report file includes various information about a person’s financial debt. This information includes account numbers for current and […]
Can a Landlord Report Late Rent Payments to the Credit Bureaus?
April 20, 2018 By Leave a Comment
Rent, exactly as with any other bill, has to be paid on time. In the event you do not pay your rent or if you’re late with your payments, did you know your landlord has the option to report late rent payments to the credit bureaus? And that could hurt […]
Find Out Which Bills Affect Your Credit Rating
January 25, 2018 By Leave a Comment
Here’s the facts about your credit rating: Everything you don’t know can hurt it, and there’s some confusion about what can cause the pain. A 2015 TransUnion survey asked consumers whether they thought that a few common bills are frequently reported to the major credit reporting agencies: Experion, Equifax and/or […]