Data Reporting

Reporting consumer data to credit bureaus is essential for your customers to reach their financial goals and imperative for you to grow your business. By reporting credit data, you can:

• Reduce risky lending decisions – With access to more comprehensive credit data, lenders have a more accurate picture of a consumer’s behavior and can make more informed – and less risky – decisions.
• Minimize delinquencies and collections – Other credit grantors may offer credit to your customer, not knowing that the customer already has an obligation to you. This may result in your customer getting over-extended and negatively impact their ability to pay you.
• Increase on-time payments and collect bad debt – When customers know that their lenders report, they are more likely to pay on time. You can also encourage late payers to resolve outstanding debts before delinquency affects their credit.
• Improve credit accuracy - Without data furnishers sending timely and accurate account updates to TransUnion, there is no credit report. Accurate and timely data reporting means successful risk mitigation for businesses, accurate credit scores for consumers and less litigation for credit reporting customers. 

Information provided by  Experian, TransUnion & Equifax,  All rights reserved. 

 All users of consumer reports must comply with all applicable regulations, including regulations promulgated after this notice was first prescribed in 2004. Information about applicable regulations currently in effect can be found at the Consumer Financial Protection Bureau's website, www.consumerfinance.gov/learnmore.  

1.   Bad Debt Consumers
2.   Tenant Pay History (Current & past due)
3.   Judgment Debtors