owner financing and reporting payments to the credit reporting agency

[Monica Blair]

Happy New Year Everyone,

I am holding the note for a property I owner financed. The buyer has begun making payments and I am seasoning the note for a note buyer. I have a servicing company that is handling the payments and dispersing them to the appropriate accounts related to the house.

Can anyone give me advice on how I get the payments reported to the credit reporting agency?

[Bryan Hancock]

You may try looking for a new servicing company. I don't know all of the ins and outs of setting up accounts with the bureaus, but it really isn't an efficient use of your time. Find a servicer that will report for you guys and specialize in what you are trying to do best.