In case there is a person who owes you with money and he is refusing to pay you with the money you have lent to him, you can file a report in a credit agency for the money that has been taken away from you. There are so many bureaus you can go to such as TransUnion, Experian and Equifax. But of course, when you are just new in this thing, you might be concerned in terms of elaborating the matter deeper so that you can do the process easier in the future. This article will provide you with the answer to your query, “how do I report someone to a credit bureau?“
The very first thing that you need to do is to contact a credit collection agency in case there is someone who owes you even a small amount of money. Usually, these kinds of agencies will no longer charge you for the successful service that they can render to you. But then, there are some cases wherein these collection agencies will charge you with specific fee from the money that will be collected from you. In order for you to determine the possible credit collection agencies to go to, what you just need to do is to connect to the Association of Credit and Collection Professionals.
In case the credit that someone owes from you is big, now is the time for you to contact credit reporting service company. This is the option for those companies that have lent huge amount of money to an individual or to another company. There are also some formatting requirements that you need to meet when reporting your case. Don’t worry because the credit reporting service companies available will help you meet those formatting requirements. Like in the aforementioned step, make sure that you will look for reputable company to handle your needs.
Depending on the aforementioned steps, it is also important that you contact your credit card companies as early as possible. This is also important to ensure that you will be guided along the way and will determine the other necessary steps that you need to take. According to experts, make sure that you will also contact your local police to provide you with further assistance. This is important in case there are some legal actions that should be taken into consideration and to handle some things that require police authority management.
In case you are having problem in terms of this matter, these are some of the things that you need to know when planning to report someone or a company into a credit bureau. Following simple steps will somehow ensure you that the credit owed will be given with proper attention. Though this might require you with a certain amount, it will be all worth it at the end especially when you have obtained the solution to your problem. The authorities will also offer you assistance, so do not overlook this tip in reporting someone to the credit bureau.