What is different about Arctic Software Metro 2 Credit Reporting Add-on? ONLY EVERYTHING
HERE IS WHY:
-You simply choose the accounts you want to report on credit
-You then decide which bureau you will be submitting the account to
-The System is designed to work with TransUnion, Equfax and Experian
-All there bureaus and reporting is managed Separately with in the Arctic System
-The Arctic system automatically generates bureau updates
-When a Payment is generated an update is created
-When an account is SIF'd an update is created
-When an account is PIF'd an update is created
-When a Debtor Bounces a payment an update is created
-When a debtor is found to be Deceased an update is created
-When a debtor files for Bankruptcy an update is created
-When a debtor Disputes a claim an update is created
-When an account is found to be Fraud an update is created
NO NEED TO EVER MANAGE TWO OR THREE DATABASES TO KEEP UP WITH YOUR REPORTING
In the past reporting to the credit bureaus has been a cumbersome process, you first need to choose your accounts, you then need to format them into the approved Metro2 format, you then upload those files to your bureau of choice. Now that your credit bureau has your file they will run it and list that debtor information on their report. To complicate things just a little more you musts now manage your accounts in your collection system as well as keep a separate database for all of the accounts you have listed on credit. You can see how trying to keep up with this is problematic at best and impossible at worst. There are more problems with managing disparate databases like these is that neither system assist you in meeting your collection agencies FCRA requirements, it is still your responsibility to remember what you sent to the bureau and then make sure that PIF’s and SIF’s are reported as well as Fraud’s, Bankruptcy and Deceased information. There needs to be a better way.
Enter Collect on Arctic and its seamless Metro2 Module. The Integrated Metro2 Module means that any collection agency can now manage all of their Metro2 reporting and FCRA requirements within one system. The Arctic System will format your Metro2 file for your bureau of choice and then as your collectors interact with debtors and update information the Arctic system will create and M2-auto-file that will instantly keep your credit listing up to date and accurate. To meet your FCRA requirements the Arctic system M2-auto-file update system will generate an export file with all new information for previously listed on credit accounts. This update will include everything from payment information, to settlements, to obtaining; fraud, bankruptcy and deceased information to a debtor disputing and event when needed complete removing a report from listing. One System, one button at one low cost all with Metro 2 on Arctic.
The Metro 2 formatting add-on is designed to format your accounts into the correct formatted topology. Please contact Trans Union, Equfax or Experian to get your Business Account set up and your IDs assigned to you.
