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Complete Guide To Reading A Business Credit Report

Know-It Global

The key metric displayed on a business credit report is a business credit score. Each credit reporting agency will use slightly different scoring criteria and algorithms, but this score will let you know at a glance the credit-worthiness of a company. The credit limit is also displayed here.

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What is a Business Credit Report?

MNS Credit Management Group

They are made up of various credit ratings, scores, and statistics, ranging from predictive (for the future) to performance-based (historical), that can be used to demonstrate a business’s dependability and financial stability. In case you purchase any company credit report it should contain the following information.

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How to Read Your Business Credit Report

Fundera

But making heads or tails of your business credit report can be tricky. What is a Business Credit Report? There are three main business credit reporting agencies: Dun & Bradstreet (D&B), Experian , and Equifax. This is really no different than the concept of a personal credit report.

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What is Alternative Credit and How Can It Help Borrowers?

tillful

Over the past two decades, the financial services industry has been gravitating towards a more comprehensive approach to credit risk assessment. Credit scoring models alone don’t tell the whole story, so companies are looking to alternative credit data to fill in the gaps. Here are a few examples.

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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

A derogatory mark on a credit report refers to a negative item such as a late payment, a loan default, a repossession, or a foreclosure. Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk.

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Experian Business Credit Scores, Explained

tillful

Experian provides business credit scores designed to predict the likelihood that a business will have serious credit delinquencies in the next year. Similar to how personal credit scores are used, third parties like lenders look to business credit scores to figure out how much credit risk a business presents.