How to Turn in a Customer to a Credit Bureau

Having a customer who is delinquent in his payments is very frustrating and damaging to your business. Serious delinquencies should be reported to credit bureaus. This will have an impact on the customer's ability to obtain new credit and interest rates he will be offered. When you report to credit reporting agencies, other businesses are made aware of your experience with the customer. There are a number of ways to report debts to a credit reporting agencies.

Instructions

1

Contact each of the three main credit reporting agencies -- TransUnion, Experian and Equifax -- to find out the requirements for reporting to each company. You must have at least have a minimum number of account histories to report to qualify. Obtain a membership application for each company.

2

Fill out the membership application and pay fees associated with setting up reporting accounts with each of the three bureaus. You are not required to set up accounts with all three bureaus, but it is suggested so that each reporting company has accurate information.

3

Report monthly in the format required to the credit reporting agencies. Each agency will have annually membership and service fees associated with reporting. If you have trouble correctly formatting your credit reports for submission, credit report service companies are available to assist you for a fee.