Credit Reporting Services
Credit Reporting Services
Your Trusted Partner in Credit Reporting
“Credit reporting is a powerful tool for encouraging timely payments and safeguarding your business from future financial risks. At Kybosh, we offer comprehensive credit reporting services that help you manage your debtors more effectively by holding them accountable for unpaid debts. By reporting delinquent accounts to major credit bureaus, we help protect your business’s financial health and motivate debtors to settle their obligations promptly.
How Credit Reporting Works
Credit reporting involves submitting information about unpaid debts to credit bureaus. This information becomes part of the debtor’s credit history and can significantly impact their credit score. A negative report can make it difficult for the debtor to obtain loans, credit, or even rent property, incentivizing them to address their outstanding debt.
Our Credit Reporting Services Include:
- Delinquent Account Reporting: We report overdue accounts to major credit bureaus, ensuring that the debt appears on the debtor’s credit history. This helps to encourage prompt payment and protects your business from future credit risks.
- Credit File Monitoring: We monitor the credit files of your debtors, providing updates on any changes that may affect the likelihood of debt recovery. This allows us to adjust our strategies and keep you informed.
- Account Status Updates: We update credit bureaus as accounts are paid or settled, helping to maintain accurate records and encouraging debtors to fulfill their obligations to improve their credit standing.
- Compliance Assurance: We ensure that all credit reporting is conducted in full compliance with relevant laws and regulations, protecting your business from potential legal complications.”
Industries We Serve:
Kybosh provides debt recovery services across a wide range of industries, including but not limited to:”
- Retail & Wholesale
- Manufacturing
- Construction
- Professional Services
- Healthcare
- Hospitality