How to run credit checks for businesses

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How to run credit checks for businesses

Published By Janet Gershen-Siegel at March 10, 2018

business credit checks 1200x480 - How to run credit checks for businesses>

Do you know how to run credit checks for businesses? Do you know exactly how to conveniently ask for and assess small business credit reports?

Your best bet as a small business owner is to stay on top of your small business credit reports from PAYDEX, Equifax, and Experian. There are three big credit reporting bureaus for small business and you really need to check all three of them regularly as they use slightly different yardsticks consequently moving the needle for one can move the needle for the two others, although possibly not as much. Do not permit business credit scores to slide, as you have to pounce on any mistakes as fast as you can, and spot anything which is dragging your scores down and afterwards take corrective action. You can get 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 your company gets credit at all. D & B offers Credit Signal, which is a method to track your credit score by having the reports come immediately to you, for a price. You may discover the price is well worth it to avoid the headaches that can spring from letting this score slip, and to not have to develop and take care of the organizing and reminders you might need to keep track of if you do not make use of it.

Don’t wish to make use of Credit Signal? That’s fine, as you can receive your PAYDEX report through D & B and, if necessary, you can call their Customer Service department (this department exists as a part of Dun & Bradstreet itself). Additionally, in order to review your PAYDEX report, check out what D & B provides, which is a sample report as well as some higher level recommendations in exactly how to read it.


Equifax, one of the major credit reporting agencies, supplies a risk monitoring service which is more convenient as it permits reports to come straight to you. If you do not want to pay for continual reports, you can instead request your business’s Equifax report. In addition, if you have to dispute your company’s Equifax report, you can do so by adhering to the instructions on their website. You can learn to evaluate your Equifax report by exploring a specimen of their reports.


Experian, one more big credit reporting company, also offers a means for receiving reports sent to you for a fee. As a result you can follow your Experian small business credit score and the setup is easy. On the other hand, if you would rather not get continuing reports (and purchase them), then you can order a distinct Experian report for your business on their site. Additionally, if there are any problems or matters of contention, you can challenge any inaccuracies on your business’s Experian report if you follow the directions on their web site. Find out about reading through your Experian report by evaluating a sampling Experian small business credit report.

Often, it pays to hand over a few dollars so as to make certain you receive your small business credit reports routinely. It’s a lot more convenient than have to remember to do this and you’ll probably evaluate these reports more meticulously, as they come with a price. Keep on target and utilize the tools these credit reporting firms supply, and make your life less complicated. After all; you’ve already got enough on your plate.

Because of the recent data breach, there are even more reasons to check your business and consumer credit reports, and be vigilant about any mistakes you locate.

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