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Your Business Credit Report Decoded

Let’s get your business credit report decoded! Your business credit report doesn’t have to be a mystery. So you got this! Here’s how to effortlessly ask for and examine your small business credit reports. For more details please visit at https://www.creditsuite.com/blog/business-credit-report-decoded/

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Your Business Credit Report Decoded

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  1. Your Business Credit Report Decoded Let’s get your business credit report decoded! Your business credit report doesn’t have to be a mystery. So you got this! Here’s how to effortlessly ask for and examine your small business credit reports Your best option as a small business owner is to stay on top of your company credit reports from PAYDEX, Equifax, and also Experian. There are three big credit reporting bureaus for companies. You really should check all three of them regularly. This is because they use marginally different criteria. Hence moving the needle for one can then move the needle for the two others, though perhaps not as much.

  2. First of all, start at the D&B web site and obtain a totally free DUNS number. So a DUNS number is essentially a unique identifier for your business. It is kept through Dun & Bradstreet. Without a DUNS number, credit reporting bureaus don’t know your business even exists. So if your company does not yet have one, it’s no big deal! These are simple to obtain, and they are free of charge. You can apply for a DUNS number by using Dun & Bradstreet’s website. The DUNS number is essential to get you into D & B’s system. This way, you get a PAYDEX score. And after that you can start establishing credit and have it count toward your credit reports.

  3. Dun & Bradstreet’s PAYDEX score of your company can end up being among the principal reasons that your small business gets credit in any way. D & B offers Credit Signal, which is a method to keep an eye on your credit score by having the reports come immediately to you, for a price.Youmay discover the price is well worth it to avoid the problems that can result from letting this score slip, and to not have to produce and manage the schedules and reminders you might need to stay on top of if you don’t make use of it.

  4. Dun & Bradstreet’s PAYDEX score runs from 0 to 100. A PAYDEX score is based upon payment information which is either reported to the credit reporting agency or to data-gathering companies partnering with the bureau. D & B uses this data, as well as a credit score and financial stress score, in order to advise how much credit a creditor should extend to your business.

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