Report Your Debtors to The Credit Bureaus

 Any company extending credit will eventually discover that some of their customers will not pay on time or at all.

 When this fact becomes clear it will in turn be an important to have the ability to report the delinquency to the credit bureau(s).  There are three major consumer credit bureaus and two high profile commercial bureaus. If your past due debtor is an individual then you will want to report them to all three bureau consumer credit bureaus.  They are Equifax, Experian and Tran Union. If your debtor is a commercial entity you will want to report them to Dunn and Bradstreet or Experian Business Credit.

 In being diligent in report each and every delinquent debtor several things happen. This report prevents business and individuals from securing credit or developing further credit lines while still owing you money. It is, over time a great motivator to return to your company and clear their past due account.

 If you don’t have sufficient volume of accounts to satisfy the credit bureaus minimum monthly requirements, please contact us and let us show you how we can report for you.

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