How to check a business credit report

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How to check a business credit report

Published By Janet Gershen-Siegel at November 28, 2017

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Your best bet as a small business owner is to remain on top of your small business credit reports from PAYDEX, Equifax, and Experian. There are three big credit reporting bureaus for companies and you really ought to check all three of them routinely as they use slightly different measurements and so moving the needle for one can move the needle for both of the others, although possibly not as much. Do not allow your small business credit scores slide, as you need to catch any inaccuracies soon as you can, and also pinpoint anything which is pulling your scores down and then take corrective measures. 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 business can end up being one of the primary reasons why your company receives credit in any way. D & B provides Credit Signal, which is a means to monitor your credit score by having the reports come immediately to you, for a price. You may discover the price is well worth it in order to avoid the annoyances that can emerge from letting this score slip, and to not need to create and manage the scheduling and reminders you might need to keep track of if you do not use it.

Don’t want to make use of Credit Signal? Not a problem, as you can acquire your PAYDEX report by way of D & B and, if needed, you can get in touch with their Customer Service department (this department exists as a section of Dun & Bradstreet itself). Furthermore, in order to review your PAYDEX report, check out what D & B provides, which is a sample report and even some higher level guidelines in how to read it.

Equifax

Equifax, one of the large credit reporting agencies, offers a risk monitoring service which is easier as it allows for reports to come directly to you. If you don’t wish to pay for continuing reports, you can instead order your company’s Equifax report. In addition, if you want to challenge your small business’s Equifax report, you can do so by adhering to the guidelines on their website. You can learn to review your Equifax report by browsing through a sample of their reports.

Experian

Experian, one more big credit reporting agency, also offers a means for getting reports sent to you for a fee. For this reason you can keep an eye on your Experian company credit score here and the setup is simple. Having said that, if you prefer to not get regular reports (and purchase them), then you can order a separate Experian report for your business on their web site. In addition, if there are any complications or matters of contention, you can question any problems on your company’s Experian report if you follow the directions on their site. Learn more about assessing your Experian report by examining a sampling Experian company credit report.

In certain cases, it pays to hand over a few dollars in order to be sure you acquire your company credit reports regularly. It’s a lot less troublesome than have to always remember to do this and you’ll probably inspect these reports more thoroughly, as they come with a price tag. Keep on track and use the tools these credit reporting agencies supply, and make your life easier. After all, you’ve already got enough on your plate.

As a result of the recent data breach, there are even more reasons to review your company and consumer credit reports, and be vigilant about any errors you find.

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