The second part of our two-part series on how to report consumer credit is humorously called the “stick approach” because it is symbolic of the sticks that farmers used to use on donkeys who were being stubborn. Whenever a carrot didn’t get the animals moving out in the field, a […]
Reporting Consumer Credit: Do I Use a Carrot or a Stick?
October 30, 2018 By Leave a Comment
Giving customers the option of an extended line of credit to cover their purchases of goods and services is important for several reasons. First of all, it can increase your company’s customer base. Credit allows those people who could not normally afford their purchases to make small payments or pay […]
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 […]
How To Report Credit to the Four Credit Bureaus
October 27, 2016 By 6 Comments
Each of the four credit bureaus has their own set of requirements to report credit. However, the process for being approved to report to them is very much the same. Step One: Become a Data Furnisher to Report Credit First, you must become a data furnisher. This requires going through […]
Increase Your Recovery of Rent Payments
October 8, 2015 By Leave a Comment
Have you ever considered reporting your tenants’ monthly rent payments to the four major credit reporting agencies (CRAs)? If not, maybe now is the time to consider starting. Reporting rent payments to the credit bureaus can actually you help increase your rental debt recovery. Benefits of reporting rent payments First, […]