What should a company look for in a Metro 2 credit reporting software package?
• The software should be fully tested, accepted and approved by the National Credit Bureaus to which you will be reporting. • Credit reporting software must be kept up-to-date with the latest reporting laws and regulations and the Metro 2 format specifications. • Full reporting capability to handle all credit bureau approved reporting scenarios, which your company may encounter. • Credit reporting software must accurately report your companies accounts to the credit bureaus using the Metro 2 format. • Please note: Simply submitting an account to the National Credit Reporting Repositories does not guarantee acceptance into their database. If the software you are using does not conform to the list above, chances are, the credit bureaus will exclude the non-compliant accounts. If excessive compliance errors are reported month after month, your reporting agreement with the bureaus, may also be compromised. • Purchasing a credit reporting software package should be based on the accuracy in
