To report a customer or business that’s not paying, you first need to be a member of the proper credit agency. For a small fee you can report delinquent accounts and gain access to credit reports. Equifax, Experian, and TransUnion handle reports for individuals, while D&B handles reports for businesses.

How do I report something on my credit report?

If you identify an error on your credit report, you should start by disputing that information with the credit reporting company (Experian, Equifax, and/or Transunion). You should explain in writing what you think is wrong, why, and include copies of documents that support your dispute.

Who must report to credit bureau?

Creditors and lenders such as banks and credit card companies must pay to report information to any of the three major credit-reporting bureaus, which are Experian, Equifax, and TransUnion. Because cost is involved, some creditors and lenders may choose to use only one service instead of all three.

How do I report bad debts?

Report your small business’ bad debts to the Better Business Bureau as well as the credit reporting agencies. Visit the BBB website and navigate to the local chapter of the city where the debtor resides or does business, and report his bad debt to the appropriate BBB office.

How do you report to a credit bureau?

In order to become a data furnisher to a credit bureau, you must procure membership in the credit bureau’s business reporting program. Choose the credit bureau you wish to report to. If you need to make reports to all three credit bureaus, you must be approved separately by each company.

How does a collection agency report to the credit bureaus?

Collection agencies attempt to collect the debt owed to you. If they cannot collect, they report the default account to the three credit bureaus in their name. Therefore, using a collection agency is an indirect way of reporting to the credit bureau agencies. Choose a collection agency carefully.

How to become a member of a credit reporting agency?

In order to apply for membership, you should call the credit reporting agency that you would like to use and request a membership application. However, you should be aware that most credit reporting agencies don’t allow memberships for companies reporting only a few debts or payment accounts.

How to report a delinquent account to a credit reporting?

Call the credit bureau and ask to be transferred to the Business Services department. Request an application for membership in the business reporting program. If you are applying to become a data furnisher with Equifax or TransUnion, you will have to service a minimum number of consumer accounts to quality.