There are plenty of businesses that may need access to credit reports on a regular basis. While there are many ways in which this can be accomplished, smaller businesses may require software to pull credit. So, how do you use it? Let's take a look.

Find the Right Software

First and foremost, you are going to need to choose the right software for your business.

At the very minimum, any software that you use should be pulling data from the three main credit reporting agencies.

The data pull also has to be quick (this is great for efficiency), and it needs to be easily incorporated into the system that you are already running. This is important. After all, you need to ensure that the information that is being pulled is 100% secure. You do not want prying eyes to intercept that data.

The software that you use should have an API. This means that you will be able to incorporate it into your existing software, rather than require additional software. This, once again, is going to ensure that your business is a lot more efficient.

Basically, if there is a company that seems to be used a lot among those businesses that require credit reports, then it is going to be a safe bet to go with them. You will know that the company can be trusted, and that is important.

Become Approved

Not every company will be allowed access to credit reports. After all, it is private financial data. There has to be a genuine need for a company to access it.

Before you can start pulling credit information, it is important that you are approved for the service. Any credit pulling company will have you go through an application process to demonstrate that you have a genuine need to access this information. If there is no genuine need, then you will not be allowed to pull credit reports.

Remember, once you have been approved, you have to act within the limits of your contract with the software company. If you breach these, you will no longer be able to pull credit reports.

Implement API Into Existing System

The next step is to implement the API into your existing system. If you do not have a clue about programming, then this is not something that you should be doing yourself. You will need to hire a programmer to ensure that everything is integrated into your system properly.

All of the top credit report API providers out there will have mounds of documentation that your programmer will be able to go through to ensure that the API is integrated properly. This documentation means that, more often than not, it is quite to integrate. This is because the bulk of the work has been done for you. If you don't know what an API is, don't worry too much. Your programmer will. They likely will have worked with them a lot!

Obviously, once everything has been integrated together, you will need to carry out a lot of testing before it is ready to go live. This will cause the fewest possible headaches in the long term.

If you do run into any issue, then the customer support team for the API that you have selected should be able to help you out.

Conclusion

As you can see, the method for pulling credit reports through software is dead simple. It all begins with choosing the right software and integrating it into your business. Once this has done, your business will have new tools that they can use to increase efficiency.