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 […]
Furnishing Consumer Credit Data to the Credit Bureaus
January 31, 2016 By Leave a Comment
Your business can make a real difference by supplying consumer credit data to the credit bureaus. For example, when you share your customers’ or tenants’ payment information, you help to develop a more comprehensive and current picture of a consumer’s credit situation. This, in turn, will drive more well-informed lending […]
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, […]