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

April 26, 2017accounts Bureaus credit meet minimum Options report

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

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Each Credit Bureau has their own policy on reporting minimums [click here] for complete details. 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 bureaus may allow you to report through a processor such as The Service Bureau. You will need to have Metro 2 compliant software (Credit Manager 3 lite) and a data furnisher’s agreement with Equifax, Innovis or TransUnion in order to use this service. Additional processing fees apply for this service, [click here] for pricing.