Our Edgy Blog
Latest Blog & Articles
-
Does Reporting Payment Data to Credit Bureaus Reduce Late Payments
Reporting payment data to credit bureaus can potentially reduce delinquencies by creating a more accurate and complete credit history for each customer of a business. When a business reports its payment information to the credit bureaus, it provides a clear and up-to-date record of individual consumer payment behavior, including any late or missed payments. This…
-
What Factors Influence Consumer Payment Behaviors
Financial situation: Consumers’ income, expenses, and debts can greatly affect their ability to make payments on time. Employment status: Job stability and income level can greatly impact a consumer’s ability to make payments. Economic conditions: Economic factors such as inflation, unemployment, and changes in interest rates can influence consumer payment behavior. Life events: Major life…
-
What does e-OSCAR do
e-OSCAR (Electronic Office of Consumer Affairs and Reporting) is a system developed by the credit bureaus in the United States (Experian, Equifax, and TransUnion) to facilitate the reporting of credit data by data furnishers (such as lenders and creditors) to the credit bureaus. It allows data furnishers to electronically submit credit information directly to the…
/