With the ebb and flow of our economy, businesses who extend credit to consumers may find themselves needing to report their credit accounts to the major credit bureaus.We can help you understand how to do this… This video was originally shared on blip.tv by HowToReportCredit with a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 license. addthis_url = ‘http%3A%2F%2Fwww.howtoreportcredit.com%2Fhow-to-report-credit%2Fhow-to-report-to-the-credit-bureaus’; [...]
Why Report To The Credit Bureaus
August 5, 2009 By Leave a Comment
If your business extends credit to consumers, you may find yourself wondering if you should report your credit accounts to the credit bureaus. In this video – and on our site, we can help you understand why you would report to the credit bureaus… addthis_url = ‘http%3A%2F%2Fwww.howtoreportcredit.com%2Fhow-to-report-credit%2Fwhy-report-to-the-credit-bureaus’; addthis_title = ‘Why+Report+To+The+Credit+Bureaus’; addthis_pub = ”; Technorati Tags: [...]
Who Reports To The Credit Bureaus
January 3, 2009 By Leave a Comment
Anyone who grants an extension of credit to a consumer is eligible to report to the credit bureaus. That said, there are a few industries who more commonly report than others(listed below). A few of them (indicated by an asterik) even have special reporting requirements defined in the Metro 2 Format. As a credit reporting [...]
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
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 [...]
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 [...]
