If you are in a business that deals with the finances of your clients, then it is important that you have some way in which to pull credit reports ‘on the fly’. However, with so many companies out there providing credit pulling software, what sort of things should you be looking for? Hopefully, this information will help.
They are easy to register for
Some companies that provide software to pull credit will be making you jump through hoops just to use their services.
Now, for legal purposes, you will still need to be able to provide evidence that you need to have access to the credit scores of other people. However, the application process shouldn’t be too long. The quicker that you sign up, the quicker you will be able to start running your business properly.
They deal with multiple credit reporting agencies
As you may well know, there are multiple credit reporting agencies in the United States. Each of them will hold mostly the same pieces of information on a person. However, there are small amounts of information that won’t be found everywhere. As a result, any business will want to ensure that they have access to as many credit reporting agencies as possible.
Software that will ‘consult’ with several reporting agencies will be able to give a far more accurate credit report, which is important for a business.
Remember, if a piece of software has the capabilities to pull credit information from a variety of different reporting agencies, then you know that it is going to be a decent piece of software to use. After all, the credit reporting agencies won’t just be dealing with everybody.
Their API is easy to implement
Most software will take the form of an API i.e. you will be programming the credit pulling information into your company’s existing software. This saves time as employees do not have to go to a separate location to pull credit information, and it will also help to ensure that businesses pull the information that they need.
The best credit reporting software APIs will be easy to implement. While you will still need to have a knowledge of coding, the best companies will have mountains of documentation that will make the implementation process a little bit easier to deal with.
Their reports are ‘easy to read’
When a credit report has been generated, you need to know that the information can be read easily. Employees probably do not have the time to spend glancing over poorly laid out credit reports. They need to be able to get the information that they need at a quick glance.
If you are looking for software to pull credit, then make sure that you check out a few of their example reports. That way, you know what you are going to be dealing with.
Their customer service is great
While good software will never have anything go wrong with it, it would be nice to work with a company that has a customer service team to help you if you do run into any issues, right?
Their pricing is great
If you are going to be pulling a lot of information, then you need to ensure that the price is right. We won’t go into this too much here, but do make sure that you do a bit of research on pricing before you commit to a company.
Remember, while it may take a bit of time to find the right credit pulling company to deal with, it will be time well spent. After all, you are likely going to be working closely with this company for several years.