Ideally, you don’t ever want to have to report another small business in a negative way, but it happens. There are two good reasons businesses report commercial credit to the four credit bureaus: to encourage on-time payments and to decrease the chances of a default on payments and needing to […]
How Does a Business Report to the Credit Bureaus?
January 16, 2018 By Leave a Comment
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. […]
How To Report Adverse Credit To The Bureaus
January 11, 2018 By Leave a Comment
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 — […]
Personal Credit vs. Business Credit
November 17, 2017 By Leave a Comment
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 […]
Business Credit vs. Personal Credit
September 26, 2017 By Leave a Comment
How much do you know about business or commercial 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. What you need to know about business credit That said, there […]