Business Starting Grants

How do I as a Small Business report to credit agencies?

I am a small business, but we finance parcels of land. How do I report to the credit agencies, I have looked at thier sites over and over and yes I guess I am missing something, cuz I can't figure out how to report the payments made to me. Any knowledgable help will be appreciated.

Public Comments

1. You have to subscribe to the credit bureau and pay the fees. Call and they will tell you how and how much.
2. From my understanding it is kinda pricey for small businesses to report to the bureaus. In addition, all the accounts you have must be reported, fees must be paid monthly and you must have the software to upload the information monthly. It could be a good selling point to your customers not to report the credit agencies. Explain to them that the parcels will not show up on their credit; therefore, it will not effect their debt to income ratio when they are trying to let a loan to build on their property. However, if they need a letter to show they have paid in a timely manner and are in good standing you'll be more than happy to provide that too. But, if you need to report a customer that is delinquent the best way (in my opinion) is to take them to court. The judgment (in most states is automatically recorded) shows under the civil records section of their credit . This will also give you the option to file wage garnishments, property liens or any actions to collect the debt. Hope this helps!