Credit Reporting And The Major Players

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The credit-reporting system and the major players I. Credit-reporting agencies Credit-reporting agencies are charged with collecting, storing and maintaining information on consumers and some businesses. The agencies primarily store debt repayment patterns of consumers, but some may also store and report debt repayment behavior of small businesses. Traditionally, credit-reporting companies have been known to focus on consumers’ payment patterns. However, in more re- cent times, it is becoming increasingly common for them to break into the busi- ness credit-reporting market, particularly the small business sector.
Dun & Bradstreet is a credit-reporting agency that currently only reports debt repayment patterns of businesses, versus consumers. Until recently, Dun & Brad- street has never been confronted with competition from any of the three major, na- tional credit-reporting agencies. It will be interesting to see if any of the traditional consumer-reporting agencies will become a top contender of Dun & Bradstreet in business credit reporting. Because these agencies (Trans Union, Experian, and
Equifax) may report information about consumers and businesses alike, I find it appropriate to refer to all of them as “credit-reporting agencies” as opposed to
“consumer-reporting agencies” (the traditional term). Many governmental bodies, written laws, furnishers, as well as consumers may refer to them as consumer- reporting agencies (in the spirit of tradition),
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