Yes you can but you will need to convert that to the Metro 2 format. Lucky for you, credit reporting software companies like Datalinx have a process already setup to assist. We have several customers who have decided not to upgrade their current system and instead use a service to convert the data for them. We accept [...]
I have an old Metro 1 file (aka Metro 272), can I still report that to the credit bureaus?
December 29, 2008 By Leave a Comment
Why should I report to the Credit Bureaus?
December 26, 2008 By Leave a Comment
Simply put, the credit bureaus are your best resource for rewarding consumers who consistently pay you on time, and collecting from those who fall delinquent. In fact, by just reporting to the credit bureaus you will likely see a drop in the amount of delinquent payments because consumers do not want a negative mark on [...]
If I report to one credit bureau, will my data show up on all four?
December 22, 2008 By Leave a Comment
The short answer is no. Each credit bureau maintains their own seperate database of consumer credit information which they use to populate their own consumer credit report. The strength of their database directly impacts the sales of their credit reports and scoring models so it is not always in their best intersts to share the [...]
Is there a minimum number of records required to report to the Credit Bureaus?
December 19, 2008 By Leave a Comment
Each credit bureau sets their own policy regarding the minimum number of records they will accept (see below). However, there are some things you can do to ensure you meet their bar. First, make sure to report your entire portfolio. This will maximize the total number of accounts in your file and is altogether better [...]
Welcome to the Datalinx FAQ site!
December 16, 2008 By Leave a Comment
This is an interactive site to help answer your questions regarding credit reporting and conversion to the Metro 2 format. We’re here to help you learn how to report credit – how to decide if you should use a credit reporting service or if you should invest in credit reporting software. Feel free to post [...]
Why use a Credit Bureau Reporting Service?
December 16, 2008 By Leave a Comment
Should you purchase credit reporting software or go with a credit bureau reporting service? Before you can answer this question it’s important to understand the difference between the two. Credit reporting software is normally a stand alone product where you enter the account information that you would like to report to the bureaus. Users update the information [...]
How To Report To The Credit Bureau
December 1, 2008 By Leave a Comment
One of the most common questions we receive is how do we report to the credit bureaus. Whether you’re using your own software or a service like Datalinx, you will need to go through the membership process with each bureau you plan on sending your data. This process usually takes between 2 and 4 weeks [...]
