Credit Reporting

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 A little about credit bureaus:

CreditBureaus are agencies that keep credit reports on file for every consumer with a federally-issued social security number.  A credit report file contains information about an individual’s financial debt, including account numbers for current and past debts, loan types and terms and payment history.  If an individual defaults on loan payments, the creditor may opt to send a report of the late payment(s) to the credit bureaus so that it will be reflected in the consumer’s credit file.  If you are a small business with a few debtors, you will have to use a middleman and pay a fee to report to the credit bureaus.  Otherwise, you may join the credit reporting bureaus and report directly to them. 

Credit Reporting with Casetrackerlaw

If you are interested in reporting debtors to the bureaus, you can use Casetrackerlaw to send the bureaus a file.  Using the “Advanced Search/Update Report” or the “Claims Report”, enter your criteria and click View Report.  For the “Advanced Search/Update Report” click the “Tools” link in order to update the claims in bulk.  You will also find a “Download For Metro” button that pulls the data from the report into a file.  For the “Claims Report”, there is an “Export to Excel (for batch update)” link that exports the data.  Both files can be sent to the bureaus.

The bureau will send you back a new report with new data on the debtor that you can import back into Casetrackerlaw using the “Batch Update Claims” interface.  This interface allows for the new data to be imported back to the correct claims. 

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