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CREDIT REPORTING
Can anyone recommend a company that will allow us to report payment histories?
can report auto loan payment history
AUTO LOAN
LINE OF CREDIT
INSTALLMENT LOAN
REVOLVING ACCOUNT
Replies to This Discussion
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Permalink Reply by Ben Misra (secondarypro) on -
All the agencies will let you report , but you need a large size of customers to send.
I believe TU is 500 customers minimum
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Permalink Reply by C.R INC on -
I try myself sign up membership they dont accept me at all of my 3 business I have I am just looking for someone can report them for me for a 1 month fee and report them
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Permalink Reply by John Weltz on -
Sure ...that is easy. Equifax, Transunion, etc. Is there another part to your question?
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Permalink Reply by Arash Mohajeri on -
I saw a program that is for BHPH dealers, it tracks payment and customer accounts, it also allows you to report credit. I think it is called AUTOPAL, from a company in Utah.
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Permalink Reply by Matt Roesly on
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PRBC is a credit reporting agency for alternative data that includes buy here, pay here data. Here is a link to more information if you're interested: http://www.microbilt.com/nontraditional-credit-report.aspx
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Permalink Reply by C.R INC on
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they are not no good PRBC that just another credit bureau only they do not report to equifax,experian,trans union at all
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Permalink Reply by michael downey on
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Buy-A-Ride,
This is a common question Auto Master Systems gets all the time too.
The problem is the bureaus don't want any small company to report. The smallest I have heard of is 150-200 accounts for Trans Union, but this doesn't really do you much good unless you are in a predominately TU area.
Equifax and Experian from my experience are 500 minimum.
The good software companies will create the Metro2 format file for you to save you that legwork of manually creating this file to upload, however, you still need an Equifax, Expierian, or Trans Union account to get that file to them.
They also used to allow stacking of bureaus so small finance companies/bhph dealers could combine records, however, this is no longer allowed anymore either.
You are basically out of luck until you have the required account limit.
Sorry, I wish there was a better answer.
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From what I've heard, basically the Big 3 bureaus refuse to work directly with small businesses that they consider too small. I've heard the 500 minimum from Equifax and Experian, and 200 for TU. PRBC is a solid alternative if the Big 3 don't take your business seriously.
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Permalink Reply by Alex A on
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If you have less than 100 account, the only way to report would be having a third party to collect and report. If you have more than 100 accounts, check this out with AutoSoftNET,com .
BHPH - Buy Here Pay Here
The most comprehensive set of tools you will find. Period.
Imagine all of these features at your fingertips:
- Allow customers to make car payments through your own website
- Set up customers with recurring payments
- Run ACH & Credit Card payments anytime
- Automated Phone-Dialer to remind customers of payments due
- Email monthly statements
- Report back to the Credit Bureaus
- LHPH - Lease Here Pay Here also available
- Electronic Lien and Title handling
- IRS 8300 forms for companies that receive more than $10,000 cash from one buyer
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Permalink Reply by C.R INC on
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i just call them you still have be membership with the credit bureau input in there software to submit account no way out of it
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Permalink Reply by Ben Misra (secondarypro) on
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So you are not a subscriber to the credit agencies.
Why would they let you export data if you dont pull data from them?
Cant have it both ways
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