Each bureau has a different data standard.
Complex data transformation and formatting is required.
Poor data accuracy and manual dispute-handling create manual overhead.
25%
of business credit reports contain critical errors.1
With a simple CSV export or API connection, Hansa can ingest your loan or spend tape in its raw form, and submit it across multiple bureaus.
Email and text notifications drive down delinquency risk and give borrowers a chance to catch up.
The Wall Street Journal - “Of the firms that did check their reports, one quarter said they found errors [...] that put their business in a riskier category”
Antonio Doblas-Madrid, Raoul Minetti (2013) studies the effects of joining a credit bureau. In the conclusion, they separate the extensive effects of joining a bureau (access to information to vet borrowers) from the intensive effects (improved repayment performance). The calculation on the latter saw a decrease in the probability of serious delinquency (90+ days) from a 7.3% > 5.7% chance. Actual results reporting through Hansa may vary.
We conducted a survey of 200 small business owners across the US. 172 of them responded that it was "important" or "very important" to have their loan payments reported to the credit bureaus.
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