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To All Collection Agencies and Debt Buyers-New reporting requirements - effective June 1st 2016.

May 12, 2016 by H. S. I. - Equifax - Experian - Transunion

Customers reporting credit / collection data new requirement changes
applicable to all Collection Agencies and Debt Buyers – Is your office prepared?

Requirement – June 1st 2016 activated.

Equifax, Experian and TransUnion announced the National Consumer Assistance Plan’s desire to collect complete and accurate consumer information and provide consumers greater accuracy with consumer reporting agencies about their credit reports.

The plan by Equifax, Experian and Transunion was announced after discussions and an agreement with the Attorneys General of multiple states.

The new plan agreement provides for updates to mandatory data reporting requirements and data collection procedures. The resulting initiatives will impact collection and debt purchasers when furnishing consumer information to one or more national repositories for their collection account reporting. The requirements listed are in addition to reporting requirements of any individual Consumer Reporting Act.

Please use the site link for all details about the new changes.

Copy and paste this link into your browser program.

Then select file and print for a hard copy of the new changes to take effect now.


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Our Credit Time 2000® Metro 2® Credit Reporting Software allows any businesses to report consumer credit accounts and business commercial accounts to all of the national credit bureaus - Equifax, Experian, Innovis and Trans Union. We also support Metro 2® Credit Reporting to real-time credit bureaus with national coverage of alternative credit data. Our software is thoroughly tested and produces to the most error free files in the industry. Credit Time 2000® is recommended and accepted by all the National and Alternative Credit Bureaus.

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