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 We do not meet the minimum number of accounts to report to the credit bureaus. What are our options?

Each Credit Bureau has their own policy on reporting minimums. Basically, you should report your entire portfolio with accounts aging up to 6.5 years. If you are still unable to meet their minimums, the Credit Bureaus may allow you to report through a processor. You will need to have Metro 2 compliant software and a data furnisher's agreement with Equifax, Experian, Innovis or TransUnion in order to use this service.

Credit Reporting and Software Tips

• How Does A Company Report Consumer Credit?
• What is the Metro 2 format?
• What should a company look for in a Metro 2 credit reporting software package?
• Do I need to become a credit bureau member in order to report consumer credit?
• National Credit Bureau Contacts, Reporting Minimums & Requirements
• If I report trade lines to one CRA, do my trade lines show on the other CRA's?
• How long does it take the Credit Repositories to update accounts after submission?
• We do not meet the minimum number of accounts to report to the credit bureaus. What are our options?
• What is 3rd party processing/stacking?
• What to look for in a 3rd party processor?