Should I start reporting my customers payment history to the credit bureaus?

[DeepSeaRoo1]

I sell software and I usually lease it out to contractors, where they pay me on a monthly basis. A few months ago a contractor told me that my sales would sky rocket if I started reporting payment history to customer's credit report. He said that I would attract sales from people who can careless about the software, they would start a lease just to get the $30k tradeline to report to their credit every month. 

I went forward with applying to become a data furnisher with Equifax, Experian and Transunion. Equifax approved me for furnishment, so as of now I'm able to report customer's payment history to Equifax. I have appointments scheduled for Trans and Experian to do an office inspection before they give me furnishment. I'm positive I'll be approved for Trans and Experian. 

However, I'm about to move forward with buying the metro 2 software, I just want to know if anyone here think the investment and hassle is worth it? 

Are people really looking for primary trades this much? 

[pizzadude]

You're referring to biz credit or personal credit reports here? 

[DeepSeaRoo1]

Consumer credit reports which is "personal" credit. 

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@pizzadude wrote:

You're referring to biz credit or personal credit reports here? 

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[pizzadude]

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@DeepSeaRoo1 wrote:

 He said that I would attract sales from people who can careless about the software, they would start a lease just to get the $30k tradeline to report to their credit every month. 

Are people really looking for primary trades this much? 

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For consumer / "personal" trades I'm going to say no

[DeepSeaRoo1]

Why?

[JoeRockhead]

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@pizzadude wrote:

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@DeepSeaRoo1 wrote:

 He said that I would attract sales from people who can careless about the software, they would start a lease just to get the $30k tradeline to report to their credit every month. 

Are people really looking for primary trades this much? 

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For consumer / "personal" trades I'm going to say no

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Ditto...

More business owners prefer, and go after credit products that report only to business reports. 

It can prevent large reported balances from tanking personal scores. 

[DeepSeaRoo1]

Okay, in that case, I could just report to their business credit reports by submitting trade references to DUN& BRADSTREET, EXPERIAN BUSINESS AND EQUIFAX BUSINESS.