Free Stuff
(877) 600-2487
Credit Suite Blog
Articles and Information for your Credit Journey

Equifax Business Credit Scores

Credit Suite - Monday, July 25, 2016

Equifax offers a few main business credit scores. The Credit Risk Score predicts the likelihood of a business incurring a 90 days severe delinquency or charge-off over the next 12 months. The Business Failure Score predicts the likelihood of a business failure through either formal or informal bankruptcy over the next 12 months.

The Payment Index provides a dollar weighted index of a business's current and past payment performance based on all payment experiences in the Equifax Commercial database. The Small Business Credit Risk Score for Financial Services predicts the likelihood of a business incurring greater than 90 days severe delinquency or charge-off on financial services accounts within a 12-month period.

This score is built using financial services and trade payment data, providing a higher degree of predictability. The score range is from 101-992 and it returns up to four reason codes, 0 indicates a bankruptcy.

The Equifax Business Failure Score predicts the likelihood of a business failure through either formal or informal bankruptcy within a 12-month period. The Equifax Business Failure Risk Score is built using financial services and trade payment data, providing a higher degree of predictability. The score range is from 1,000-1,880 and it returns up to four reason codes, 0 indicates a bankruptcy.

The Payment Index value is a dollar-weighted indicator of a business's past and current payment performance based on the total number of financial and non-financial payment experiences in the Equifax Commercial database. On the report, there is a chart shown that provides a suggested interpretation of the Payment Index value.

Equifax's proprietary model for business credit scores looks at many factors to derive the score, several of which are not displayed on the summary report. Factors include, but are not limited to, an increased trend in delinquency, the presence of derogatory public records on the business profile, such as liens, judgments and bankruptcies, an increase in the number of credit inquiries, the number of accounts on file, balances outstanding, payment habits, credit utilization and related trends over time.

Download Your FREE Guide...
How to Build Business Credit for Your EIN
That's Not Linked to Your SSN
in 4 Simple Steps
Comments
Post has no comments.
Post a Comment
Page »»


Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Articles and Information for your Credit Journey
Don't Take Our Word For It - Hear From Our Clients
We are the leader in turnkey business credit and financial solutions. But of course we are only going to have great things to say about our company because we think Credit Suite is pretty awesome. What really matters is what our clients, and the Finance Suite customers actually have to say. Check out what customers have to say about the Finance Suite, and Credit Suite’s business credit reseller program.
Adam Hetrick
Adam Hetrick
The Credit Repairmen, San Antonio TX
“Business funding is awesome. We have really been able to help a lot of our clients, offer them solu..
Zairy Shakur
Zairy Shakur
Coleman Hargrove and Associates, Montgomery AL
“All of my clients are really liking the program and they're getting very good amounts of funding an..
Dominick Burke
Dominick Burke
New York NY
“It's given us the opportunity to open up other doors to get access to clients and that's really inc..
John Lauer
John Lauer
Elk Grove, CA
“I decided to step out and take a chance. I tell you what, it’s the most impressive thing that..
Trustpilot