| Becoming “first-in-wallet” is an advantage for many companies who report consumer payment data to Experian. Since experiencing risk is part of business, companies like yours are in search of simple and effective tools that have the potential to make a significant impact. By reporting your consumer accounts receivable data to Experian, you can minimize the occurrence of late payments or defaults in your account base.
Reporting consumer data is a simple process when working with Experian. The following information will help you understand the basic requirements for reporting as well as provide an opportunity to contact our team and begin reporting.
What are the benefits of reporting to Experian?
- Better leverage in debt collection — Customers who know you are reporting payment behavior to Experian are less likely to default on their debt.
- Creating opportunity for consumers — Promoting on-time payment behavior can provide your customers with an opportunity to build or establish credit.
- Fight against identity theft — Many consumers pull or monitor their own credit regularly. Once reported, consumers can see the accounts associated with their identification.
- No charge and no minimum data requirements for automated reporters — Experian does not charge a fee and has no minimums.
Interested in reporting to Experian?
Take time now to notify Experian that you are interested in data reporting by clicking on the link above or contacting Experian at 1 800 831 5614, option 3. We can answer your questions and help you get started with data reporting
Download Metro 2 Format
Metro 2 is the industry-standard format required for reporting to Experian.
It meets all requirements of the Fair Credit Reporting Act (FCRA), the Fair Credit Billing Act (FCBA), and the Equal Credit Opportunity Act (ECOA).
e-OSCAR
e-OSCAR, the Online Solution for Complete and Accurate Reporting, is a browser-based Metro 2 compliant system that provides you with an online solution for processing disputes.
Secure Electronic Data Transmission
To protect your data, Experian requires electronic data submission. The approved methods use a secure 128 Bit encryption via HTTP, FPTS, or SFTP, and several transmission methods are free.
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