Having a great credit rating is the key to opening several important doors in your life: it will help qualify you for car loans, mortgages, credit cards, and more. A sound, positive credit track record can also allow you to procure bigger loans at better rates. One fairly new way […]
How to Report Bad Debt to the Four Credit Bureaus
May 7, 2018 By Leave a Comment
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 […]
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 […]