Data Furnisher Software
Good news, there is data furnishing software. The Metro 2 Credit Reporting Software allows easier and simpler credit reporting for data furnishers. Data furnishers can import or manually upload their data in order to create a Metro 2 file. The Metro 2 file is uploaded to the credit bureaus, including the three major ones Equifax, Experian, and TransUnion.
The Metro 2 data furnisher software’s basic features are:
- Report to all national credit bureaus
- Supports all current Metro 2 format codes, rules, and regulations set by the Consumer Data Industry Association (CDIA)
- Supports Rental 1 format for TransUnion
- Report consumer, debtor, and commercial tradelines
- Search, filter, and sort tools
- Data import tool
- Customized reports for in-house use
- Network license option
- Unlimited technical support
Another data furnisher software is e-OSCAR. e-OSCAR enables data furnishers and consumer reporting agencies to create and respond to customer credit history disputes. Credit history disputes include processes like Automated Credit Dispute Verification (ACDV), Automated Universal Dataform (AUD) and other registration, subscriber code management, and reporting processes that are supported by e-OSCAR.
e-OSCAR works as ACDVs are initiated by consumer reporting agencies on behalf of the customer and are routed to the appropriate data furnisher. The data furnisher returns the ACDVs with updated information about the customer’s credit history. The customer’s credit history determines if there are account modifications or deletions. Account modifications or deletions’ carbon copies are sent to each of the consumer reporting agencies relating to the data furnisher.
The Data Furnisher Costs
The data furnisher cost for the M2R Basic standard license is $295 for a one-year duration. The one-year duration includes unlimited technical support, updates, and upgrades for the Metro 2 credit reporting software.
The data furnisher cost, which is not refundable and excludes sales tax, is $90 for e-Oscar registration. E-Oscar registration request is followed by an invoice to be sent by e-mail provided within three business days. The invoice is due and payable upon receipt and can be paid using a credit card, debit card, or bank transfer.
For more information on Data Furnishers contact the professionals at iSoftpull today.