Report Your Transactions To The Major Credit Bureaus Once you determine the requirements of credit bureaus, the next step should be to report your transactions and financial undertakings to the major creidt burueaus today. Provide copies of your reports to agencies like Experian, Equifax, Dun And Bradstreet, Business Credit USA and others. Credit Monitoring Service: The Pros And Cons A credit monitoring service is a facility which helps people effectively handle, and keep tabs on their credit history, to determine if they are viable for availing any form of financing. With so many credit monitoring agencies in operation these days, most of these are reputable, while some companies are nothing but pure scams, who usually charge excessive fees. However, if your credit cards debts have piled up too high already, and are beyond your control, then under these extreme circumstances can you file for bankruptcy. Once you file for bankruptcy, you need to wait for a while for any type of credit to be granted to you again. While bankruptcy may be a bitter pill to swallow, it won t necessarily mean that it s the end of the world for you. Every person is entitled to a free credit report each year, and a good place to start checking on your credit rating is by going to the three major credit bureaus like Experian, Equifax and TransUnion. How To Monitor Your Business Credit Score When monitoring your business credit score from systems like Paydex, you need to bear in mind that the Paydex score ranks how early, or how late, you fulfill your debt payments. Shutting-off an old account only helps to make your credit report look young and fresh, but the damage has already been done before. Myth No. 4 Loan Shopping Hurts Your Credit Score Whenever a creditor makes an inquiry about your credit score, the score can drop by as much as five points. Some borrowers often fear that if they shop around for lenders, each time the lender makes an inquiry, their credit score plummets again. Here's a look at the real score when making credit report inquiries. When Making Inquiries, Check Your Credit Report With A Fine Comb According to most credit experts, a lot of people often check out their credit report every month. However, the sad thing is that whenever they check the report, they don't look at the finer details, and usually don't check the report for any errors, or any inconsistencies and flaws in the data entered.