Published By Janet Gershen-Siegel at July 10, 2018
Written by Janet Gershen-Siegel
Get a business credit report – we can show you how.
Your best bet as a business owner is to stay on top of your small business credit reports from PAYDEX, Equifax, and Experian. There are three big CRAs for businesses. And you should evaluate all three of them regularly. This is because they use slightly different yardsticks. Hence moving the needle for one can move the needle for both of the others. But maybe it’s not as much.
Do not let your business credit scores slide, as you must pounce on any mistakes as quickly as you can. Also, determine anything pulling your scores down. And then take remedial action.
Get your reports easily and stay right on top of all three scores by following a few easy steps.
Dun & Bradstreet’s PAYDEX score of your business can end up being one of the main reasons why a business gets credit at all.
D&B offers Credit Signal, a means to monitor credit scores by having reports come straight to you, for a cost. You may find the cost is well worth it to avoid the annoyances that can arise from letting this score slip. Also, you would not have to create and stay on top of organizing and reminders to keep up with if you do not use it.
Don’t want to use Credit Signal? Not a problem, as you can get your PAYDEX report by way of D&B and, if needed, you can check with their Customer Service department. So this department exists as a part of Dun & Bradstreet itself.
Equifax, one of the big credit reporting agencies, offers a risk monitoring service. It is more convenient as it allows reports to come straight to you.
If you do not wish to shell out money for regular reports, you can instead request your company’s Equifax report. Furthermore, if you have to contest your company’s Equifax report, you can do so by adhering to the guidelines on their site.
You can learn to evaluate your Equifax report by checking out an example of their reports.
Experian, one more big credit reporting agency, also offers a way for getting reports sent to you for a price. Therefore you can follow your Experian business credit score here and the setup is easy.
On the other hand, if you would rather not get regular reports (and purchase them), then you can order a distinct Experian report for your company on their web site. Likewise, if there are any complications or issues, you can question any mistakes on your business’s Experian report. Do so by following the instructions on their web site.
Learn about reading through your Experian report by reviewing an example Experian small business credit report.
In certain cases, it pays to hand over a few bucks to ensure that you get your small business credit reports on a regular basis. It’s a lot more convenient than to have to always remember to do this. Also, you’ll probably evaluate these reports more meticulously, as they come at a price tag.
Continue to target and use the tools that these credit reporting agencies supply, and make your life easier. After all; you’ve already got enough on your plate.
We offer monitoring of Experian and D&B for $24/month.
A result of the recent data breach, there are all the more reasons to peruse your company and consumer credit reports. And to also be vigilant about any errors you see, and do what you can to fix them. What frustrates you the most about business credit reporting?