It’s become a sad fact of life in the United States that as many as half of the marriages that take place in 2019 will end in divorce. And, while a marriage may dissolve for a variety of reasons, children must be supported. Often, divorce decrees establish these payments. Fortunately, […]
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 […]
How Reporting Collections to the Bureaus Helps Your Bottom Line
January 9, 2019 By Leave a Comment
Your accounts receivable is a constantly changing ledger that should be in the black most of the time. When accounts are behind in payments, however, you face a dilemma. Putting the account into collections is a natural step forward, but it also creates strain between the consumer and business. There’s […]