If you’re among those who furnish credit account data regularly to credit reporting agencies, you’ve no doubt heard about the Metro 2 Format. The credit reporting industry has adopted a standard electronic data reporting format called the Metro 2 Format, and it’s designed to assist data furnishers, including banks, credit […]
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 […]
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 […]
Benefits Of Reporting Commercial Credit
October 8, 2015 By Leave a Comment
As you are getting started in your business, you can use your personal credit for the business. However, establishing credit with a credit reporting service, in the name of the business, is very important. Business credit reports compare the stability of a business to similar businesses participating in the credit […]
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, […]