What companies report to credit bureaus?
All types of companies that extend consumer credit may report to the three major credit bureaus: Equifax, Experian and TransUnion. Nearly all finance companies that offer installment and revolving credit report to the credit bureaus.TypesTwo types of credit are reported on your credit bureau. The first type is installment credit, which includes debts that require monthly payments that do not vary. Types of installment credit include auto loans, mortgages, student loans and personal loans. Revolving credit, which carries a revolving balance with a minimum monthly payment, is also reported. Revolving credit includes credit cards, lines of credit, store cards and home equity lines of credit.SignificanceInstallment and revolving trade lines are reported on a monthly basis. Late payments are listed on your bureau report, and your total balance relative to the credit limit is also reported.EffectsA single late or missed payment will result in negative information being listed on your credit
