Why DONT certain companies report your debts?

Question

I once had a credit report done before, and there were only a few items on it. I was expecting a handful more, and the ones missing were as delinquent if not more so than the ones listed at the time.

So how come some companies report and screw up your credit and some dont? Im not mad, but curious.

If they dont report, but you still owe them money, will that somehow how STILL ruin your credit score?

Answer 1

I don't know what kind of companies you're speaking of, but I do know that smaller companies oftentimes don't report. It actually costs businesses money to report to the credit bureaus. It makes more sense for larger companies to report because they have the volume of customers and can afford it.
If it's not being reported to the bureaus, then it is not effecting your score. Though it's not showing up now, that doesn't mean that it might not in the future. If those companies decide to sell your debt to a collection agency, it might show up all the sudden. Believe me, 99.9% of collection agencies report to the credit bureaus!

Answer 2

There are a lot of companies that do not report to the credit bureaus. They all have their own reasons for not reporting, some don't because it cost them money to report, some don't because they don't want their customers to be able to go somewhere else and get credit.

A lot of small town banks do this holding their customers hostage.

As far as ruining your credit, believe me at some point if you do not pay, they will report your delinquency. Some companies don't report anything except negative like buy here pay here auto lots, they will not report unless you don't pay them.