Corporate Credit Reports Made Simple

Corporate Credit Reports Made Simple

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Corporate Credit Reports Made Simple

Published By Janet Gershen-Siegel at May 10, 2018

Corporate Credit Reports Made Simple>

Corporate Credit Reports Don’t Have to Be Hard

Your best bet as a company owner is to stay on top of your corporate credit reports. These come from from PAYDEX, Equifax, and Experian. There are three big credit reporting agencies for companies. You really need to check all three of them on a regular basis. This is because they use moderately different yardsticks. So moving the needle for one can move the needle for both of the others. But perhaps not as much. Do not permit your small business credit scores slide. You must pounce on any mistakes quickly as you can, plus pinpoint anything which is pulling your scores downward and after that take corrective action. You can obtain your reports easily and stay right on top of all three scores by following a few easy steps.

PAYDEX

Dun & Bradstreet’s PAYDEX score of your small business can end up being among the leading reasons why your small business receives credit at all. D & B furnishes Credit Signal, which is a means to keep an eye on your credit score by having the reports come straight to you, for a cost. You may discover the cost is well worth it to avoid the annoyances that can spring from letting this score slip. It can also help to not need to produce and stay on top of the organizing and reminders you might need to keep up with if you do not use it.

Don’t want to make use of Credit Signal? No worry, as you can receive your PAYDEX report through D & B and, if needed, you can call their Customer Service department (this department is a section of Dun & Bradstreet itself). In addition, in order to review your PAYDEX report, check out what D & B provides, which is a sample report as well as some higher level tips in how to decipher it.

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Equifax

Equifax, one of the big credit reporting agencies, offers a risk monitoring service. This is easier as it enables reports to come directly to you. If you don’t wish to shell out money for continual reports, you can instead request your business’s Equifax report. Additionally, if you have to dispute your company’s Equifax report, follow the directions on their web site. Learn how to review your Equifax report by exploring an example of their reports.

Experian

Experian, another big credit reporting agency, also offers a method for getting reports sent to you for a price. Follow your Experian business credit score here. The setup is simple. If you would rather not get continuing reports (and purchase them), then order a single Experian report for your business on their site. If there are any problems, dispute any problems on your business’s Experian report if you follow the instructions on their site. Learn more about assessing your Experian report by checking a sample Experian company credit report.

Occasionally, it pays to hand over a few bucks to ensure that you acquire your business credit reports routinely. It’s a lot more convenient than to have to remember to do this and you’ll probably inspect these reports more carefully, as they come with a price. Stay on track and utilize the resources that these credit reporting companies offer, and make your life easier. It goes without saying; you’ve already got enough on your plate.

Due to the recent data breach, there are all the more reasons to check your company and individual credit reports, and be vigilant about any problems you identify. Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN.

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