Business Credit Reports

There are a number of reasons why it is necessary to request a Business Credit Report on a corporation's credit worthiness  The 3 major credit reporting agencies:  Experian, Equifax, and Transunion all report a Business Reporting Score.  Users need the information on these reports to:

A)  Find out the Credit Worthiness of a Firm that you want to do business with.  Are they credit worthy enough to extend credit to?  Their Business credit report will tell you!

B)  Check your own company credit score to make sure there are no mistakes or inaccuracies.

C)  Identify companies that have slow payment experiences or a company that may be undergoing financial stress. Their Credit history will tell you everything.

D)  Access Business Ratios to ensure a company has enough cash to pay your invoices.  Business Credit ratios are invaluable to evaluate credit risk

E)  Company credit comparisons to others in the same industry in the same area or country-wide.   Check against similar companies quickly and easily to see how the company's credit rating compares against the others

F)  Look into the background of a company's owners to check credit history of the business.   Check if there have been business foreclosures, bad loans, poor credit ratings in the company's history.  What they have done in the past they may do in the future.

G)  Look at how many times a company has moved, where they have moved to and where.  A company that has moved displays potentially unstable business practices.

H)  Review public records in D&B's (d b report) credit history report information base to see if any suits have been brought against a potential client.

Note:  The 3 major credit reporting agencies have the following credit reports available:  Experian Business Credit Report, Equifax Business credit report, and Transunion business credit report.  The online business credit reports are available for an additional fee.  Credit ratings need to be repaired at times.  Please note our recommended credit re