When looking for vendors who report business credit to the three credit bureaus, there are some who are easier to find than others. Some vendors might not even be able to or would prefer not to. Others larger ones might have purposely planned to report only your payment history to just one or two of the big business credit bureaus.
Either way, it does not hurt to request a copy of your reports from each of the three business reporting bureaus once a year. Even if you have never asked for them before, it is worth doing. The information that you will find can keep you in business much longer than you might think. You may be surprised at just what you will find.
There are some vendors who have their own credit departments. They can access your accounts from any location, be it your office or home, at anytime of the day or night. It does not matter what time of the day it is. They also will have access to your business's payment data, which can include your credit card and check numbers, as well as your account number and routing number.
If you are not sure what type of account you have, then you can check with the company that issued the cards, or the vendor who issued the accounts. Most of the time you will find that they can easily let you know what type of account you have. This includes such things as store cards, trade name cards, department store cards and catalog cards. As for credit card accounts, they can tell you what the balance is, when you last paid off the balance and how much credit is available.
Another way to obtain a report on vendors who report business credit is to purchase a business report card from one of the major vendors who report credit. These cards often come with access to all of the reports that you would need to know about. You can look up the reports to find out if there is a default on the account, if any lines of credit have been applied for and if payments are in default. You can also obtain copies of credit reports, which include personal information. Make sure to get a copy that is current and up to date.
The companies who sell these reports also provide you with plenty of other information. You will find employment history, tax information, sales and profit information and various other things. However, you will also receive copies of bankruptcies. This should be used for credit repair purposes. You will be alerted to any changes in your financial circumstances or other situations that may affect your ability to make purchases.
When using a report card, you will want to make sure you do not spend more than you intended. This would be a wise idea, even if it is just for emergency situations or something to tide you over until your next paycheck. It is very easy to spend more than you intended when you have multiple cards. If your expenses overshoot your income, you may find that you cannot pay off your outstanding balance.
Another great thing about these reports is that they are provided to you for free. There is no cost to purchase these reports. Just use the links below to access the vendors who report business credit and find out exactly what information is contained in each report.
A reputable credit-reporting agency will provide you with a free copy of your credit report. They can be contacted online through the link below. . . . . . . They will ask you to complete a request form. Once this has been completed, they will send you one copy of the report for you to review at your leisure. The three main credit bureaus that provide these reports are Experian, Equifax and TransUnion. Each credit-reporting bureau updates their reports on a monthly basis.
Both of these reports include detailed information about the outstanding credit balances that you have. It will show the outstanding loan balances, the number of accounts that you currently have open and the outstanding balances. The advantage to getting a report from all three of these agencies is that it makes sure that all of your reports are accurate. The disadvantage is that it takes three separate requests to make sure that all the information has been reported.
If you want to know more about vendors who report business credit, another great place to look is on the Internet. Vendors who report to all three credit bureaus will be highlighted in bright colors on the credit-reporting Web sites. There are also links to go to the individual vendors where you will be able to learn a lot more about them. Some vendors who report business credit will also give you a card to use just for spending in your name. It is wise to only give out the card to people who will truly benefit from it and not just any company who might send you a thank you card for your business. This way, you will know right away that there is a legitimate transaction taking place.