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 […]
Reporting Consumer Credit: The Stick Approach
November 1, 2018 By Leave a Comment
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 […]