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How does a business go about reporting credit on the clients it gives credit to?

Question by Myke R: How does a business go about reporting credit on the clients it gives credit to?
If I just purchased a used car dealership a couple months ago and wanted to report to Equifax and others about the credit I extended, how do I go about having them accept and use my reports so buyers can have documented their good or bad credit? I’ve tried to visit websites and there does not seem to be anything that addresses this at equifax and the other agencies.

Best answer:

Answer by Mark C
You become a member of the bureau (in other words, pay a fee) and this also entitles you to access credit reports for individuals to whom you are seeking to extend credit. Contact the bureau directly – you’ll need proof that you are a business operating in that space.

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Tags: about, Business, clients, Credit, gives, Reporting

1件のコメント to How does a business go about reporting credit on the clients it gives credit to?

1. 

   Contact the local NACM (national association of credit mgrs.) they will help you out with their listings and I’m sure the others are similar. You would likely need a computerized detail aging report showing how old the debt is, how late they pay their bills, how much they owe you, and your rating of the debtor’s ability/willingness to pay.
Scott K on 1月 25th, 2012

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