Reporting Credit

Discussion in 'Credit Talk' started by rick, Mar 12, 2001.

  1. rick

    rick Well-Known Member

    I own a local small business. We regularly make small loans. How can I get setup to report on my clients? Many do not have any credit at all but have been long-time customers and I wish to help them out. The local bank gave me the run around.

  2. AnnMarie

    AnnMarie Well-Known Member

    If you go to any of the big three CRA (credit reporting agencies)
    They have the info on their sites to utilize their services--but it's not free by a long shot
    You can supply many of your customers assistance by providing them with letters of credit that finance companies, mortgage lenders etc will sometimes take into account to provide alternative credit.
    Good luck

  3. mvfl

    mvfl Guest

    You have to contact the credit bureaus to set up an account. It's not cheap to be able to do it. They will likely send a rep to inspect and make sure you are a legit business too. You can look on their web sites for info for businesses.

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