Reporting payment data to the credit bureaus is important to any business that extends credit to businesses or consumers. However, not every business makes the effort to report to the bureaus. Why? Sometimes, it’s because the credentialing process seems a hurdle too high to conquer. What is credentialing? Credentialing is […]
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 […]
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 […]