How to Report to Credit Bureaus
Credit bureaus are agencies that keep credit reports on file for every consumer with a federally-issued social security number (SSN). A credit report file contains information about an individual’s financial debt, including account numbers for current and past debts, loan types and terms and payment history. If an individual defaults on loan payments, the creditor may opt to send a report of the late payment(s) to the credit bureaus so that it will be reflected in the consumer’s credit file. If you are a small business with few debtors, you will have to use a middleman and pay a fee to report to the credit bureaus. Otherwise, you may join the credit reporting bureaus and report directly to them.
Method One of Three:
Learning About Credit Bureaus Edit
Method Two of Three:
Hiring a Collection Agency or Credit Reporting Service Edit