Businesses that choice to Announcement free of charge bills to the credit bureaus, must be members. The credit Office may enjoy you fill elsewhere an operate. You further desideratum the Correct Accoutrement that allows you to go back the information. There are alternative ways that avow you to Announcement to the bureaus.
Membership fees
To Announcement break to the credit bureaus, you must fill absent a information furnisher Treaty and wages the cardinal fees. There are monthly fees too.
Meet data requirements
Any information you submit, transmit or send must be in the Metro 2 format. This is the format accepted by all of the credit reporting agencies, according to datalinxll.com.
Other requirements
You also need an office set up in a designated space. Sometimes representatives of the credit bureaus visit businesses to make sure they are legitimate before approving them.
Another alternative
If you begin legal action against a debtor and you win a judgment, this becomes public record, which is recorded and indexed at the court house. A public record of this sort can appear on the debtor's credit file.
Many small businesses such as doctor offices are not members of the credit reporting agencies (credit bureaus) because of the expensive fees. They turn over their delinquent receivables to collection agencies, many of whom are members of the credit bureaus. The collection agency reports the information to the credit bureaus.
