Published By Janet Gershen-Siegel at February 14, 2018
Do you know how to find out your business credit rating? Do you know the way to effortlessly request and go over your company credit reports?
Your best bet as a small business owner is to stay on top of your company credit reports from PAYDEX, Equifax, and Experian. There are three big credit reporting bureaus for businesses and you absolutely need to evaluate all three of them on a regular basis as they use slightly different benchmarks consequently moving the needle for one can move the needle for the two others, although maybe not as much. Do not allow your business credit scores slide, as you should pounce on any mistakes quickly as you can, as well as catch anything which is pulling your scores down and afterwards take corrective steps. You can obtain your reports easily and stay right on top of all three scores by following a few straightforward steps.
Dun & Bradstreet’s PAYDEX score of your business can wind up being one of the principal reasons that your small business receives credit in any way. D & B furnishes Credit Signal, which is a means to track your credit score by having the reports come straight to you, for a fee. You may find the fee is well worth it in order to avoid the troubles that can stem from letting this score slip, and to not have to develop and handle the schedules and reminders you might need to stay up to date with if you do not make use of it.
Don’t want to utilize Credit Signal? No worry, as you can acquire your PAYDEX report by way of D & B and, if necessary, you can get in touch with their Customer Service department (this department exists as a section of Dun & Bradstreet itself). Additionally, in order to review your PAYDEX report, check out what D & B provides, which is a specimen report as well as some higher level support in how you can interpret it.
Equifax, one of the large credit reporting firms, offers a risk monitoring service which is more convenient as it enables reports to come straight to you. If you do not wish to purchase continuing reports, you can as an alternative request your business’s Equifax report. In addition, if you have to question your small business’s Equifax report, you can do so by abiding by the directions on their web site. You can learn how to examine your Equifax report by browsing through an example of their reports.
Experian, one more big credit reporting company, also offers a method for receiving reports sent to you for a charge. As a result you can keep track of your Experian company credit score and the setup is easy. On the other hand, if you prefer to not get regular reports (and purchase them), then you can order a single Experian report for your firm on their web site. Likewise, if there are any troubles or mistakes, you can contest any mistakes on your small business’s Experian report if you follow the instructions on their web site. Learn about evaluating your Experian report by assessing an example Experian business credit report.
Often, it pays to hand over a few dollars so as to make sure you obtain your small business credit reports regularly. It’s a lot more convenient than have to remember to do this and you’ll probably check out these reports more thoroughly, as they come at a cost. Stay on track and use the resources these credit reporting firms supply, and make your life less complicated. After all; you’ve already got enough on your plate.
Thanks to the recent data breach, there are even more reasons to check your company and individual credit reports, and be vigilant about any errors you spot.