Reporting payment data to the credit bureaus is important to any business that extends credit to businesses or consumers. However, not every business makes the effort to report to the bureaus. Why? Sometimes, it’s because the credentialing process seems a hurdle too high to conquer. What is credentialing? Credentialing is […]
New Ways to Report Credit From Non-Traditional Sources
June 1, 2019 By Leave a Comment
Experian, one of the four major credit bureaus, is marketing a new product for consumers to report credit from non-traditional sources on their own. It’s called Experian Boost, and it’s touted as a way for consumers to increase their FICO credit scores. And all they have to have is a […]
Winning With Credit Data Reporting
May 14, 2019 By Leave a Comment
Let’s face it: the days of sealing a deal with a handshake are far behind us. Today, a credit score and data from a credit report are much more important than friendships or character when it comes to financial decisions. Banks and other financial institutions have relied upon credit data […]
How to Report to the Credit Bureaus
May 14, 2019 By Leave a Comment
There are lots of reasons WHY you should report your customers’ and tenants’ payment data to the major credit bureaus. Reporting credit reduces your risk of late payments, creates a record of both positive and negative payment histories, and helps your organization to maintain a great reputation for fair and […]