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How do you report non-paying customers to credit bureau? |
operating as a small business, I'm often stiffed for payment. It's incredible that people think it's acceptable to do this, especially since this is my only source of income! If I don't get paid, then I can't pay my bills! I am looking for information on how to report a customer that doesn't pay to the credit bureaus? Does it cost money to do this? Are there specific conditions that must exist or procedures to follow on this? You must be a subscriber to each of the three credit bureaus. For those people whose accounts you carry, you should report to each credit bureau on how their account is paid. If they don't pay you, you should notify these customers that failure to pay their accounts will turned over for collection and will appear on their credit report. I don't know what the fee is, but yes, it will cost you to belong to them. Call the credit bureau and inquire. |
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