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 National Credit Bureau Contacts, Reporting Minimums and Requirements

The National Credit Repositories (Equifax, Experian, Innovis and TransUnion) require a Data Furnisher's or Service Agreement for reporting accounts. This is a separate agreement from pulling credit reports. Please contact each National Credit Bureau to obtain this agreement.

The National Credit Repositories also require a minimum number of active accounts and monthly reporting. This applies to direct reporting or processor reporting, see example. We have provided phone numbers and account minimums for each credit repository for your convenience.

Equifax General Requirements: Minimum 500 accounts for all industries with the exception of Credit Unions and Banks which have a 100 account minimum. State laws requiring Mortgage Company reporting, can report less than 500 accounts through a third party processor.

Experian General Requirements: No Account Minimum, however, a waiting period may apply for industries other than Banks, Credit Unions, FNMA or Freddie Mac. Contact Experian for further details of approval process.

TransUnion General Requirements: Minimum 100 accounts.

Innovis General Requirements: Less than 100 accounts must be reported through a processor.

Notice: The above minimum number of accounts may vary. Please contact each repository you wish to report with and verify how many accounts they will accept for direct reporting or reporting through a processor. Each credit repository has their own policies for the minimum number of accounts to report. These policies may vary between regions and the type of business.

Minimum reporting example:

The bureaus ask that you report your entire portfolio each month, therefore by reporting the minimum number of accounts required the first month, subsequent months will automatically meet that minimum.

In this example, the reporting bureau requires 500 accounts:

First Months Reporting
500 accounts (report your entire portfolio up to 6.5 years old)
Second Month Reporting
500 accounts (from the first month) + 50 new accounts totaling 550 accounts
Third Month Reporting
550 accounts + 35 new accounts totaling 585 accounts
Note: It is not required to have 500 new accounts each month.

For Collection Agencies, report your entire portfolio the first month. Subsequent months, report your entire portfolio or optionally, report only new accounts and updates.
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