Much is made today about peoples credit rating and information on their credit reports. If a person has a debt that they do not pay, how is this put on their credit report and who can do it?
Does the non-payment notice have to come from a collection agency or a bank, for example? How would an individual or small business go about doing this? I am sure they can’t just call up and put a ding against someone, so what has to happen and what information must they provide (and to who) to affect someones credit report?