Furnisher Readiness Checklist
Answer 10 questions to find out if your business is ready to apply as a data furnisher with Equifax, Experian, TransUnion, and Innovis. Each question includes an explanation of why it matters and which bureaus it affects.
Eligibility
Does your business extend credit to consumers — meaning customers pay over time rather than all upfront?
Do you have at least 50 active consumer accounts?
Business Requirements
Does your business have a permanent physical location with non-removable signage?
Do you store consumer files in locked cabinets or a locked room?
Do you have a crosscut or micro-cut shredder for disposing of consumer documents?
Are all computers used in your business password-protected with auto-lock screens?
Memberships (Auto Dealers Only)
Are you a member of NIADA (National Independent Automobile Dealers Association) or NABD?
Technical Readiness
Do you have Metro 2 compliant software or a data processor to generate your monthly files?
Operational Readiness
Can your team commit to submitting Metro 2 files every month without fail?
Does your team have a process to respond to consumer credit disputes within 30 days?
Answer the questions above to see your readiness assessment.