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How To Check Your Business Credit Score & Ratings

Business Credit Scores

Business Credit ScoresBusiness credit is the life’s blood of small and large companies alike. Keeping track of their ratings is integral in ensuring they meet their customer obligations.

Who Tracks Business Credit Ratings?

Business credit ratings are tracked by several business credit bureaus, including:

•    Equifax Business
•    Experian Business
•    Business Credit USA

TransUnion, a company that is usually associated with tracking personal credit ratings may also have access to business credit scores.  This is especially true for small businesses with a sole proprietor, as there is very little distinction between a person and their business on this level.

But the one credit bureau that holds the most sway over affecting a business’s overall credit score is Dun & Bradstreet, also known as D&B.  D&B is the most widely accepted and trusted tracking agency for business credit scores in the United States.

How To Check Your Business Credit Score

Before you get started, make sure that you have your business identification number ready.  This may be one or all of the following:

•    Employer Identification Number (EIN)
•    Federal ID Number (FIN)
•    Data Universal Numbering System (DUNS) Number

With this number ready, contact the credit agency of your choice.  Again, keep in mind that the major source for accurate business credit information is Dun & Bradstreet.

•    Ask the credit agency for the forms that you will need to fill out.
•    Fill in all information and double-check for accuracy.
•    Return the forms to the agency and wait for their report.

To speed up the process, check if the agency has an online or e-mail based form.  Also keep in mind that agencies have a widely varying price range to check business credit ratings and issue a report.

The Business Credit Report

While business credit is just as important as personal credit, the report may look a little different.  The business credit ranking system uses a more concise scale than personal credit, numbered from 1 to 100.

A “good” business credit score is considered to be anything between 80 and 100, and just like personal credit the lower this number gets a lower number means more risk for businesses to consider when offering goods or services on good faith that they will be promptly compensated.

There are only 2 means of raising your business credit score:

•    Promptly Pay Off Loans & Other Business Invoices
•    Find An Agency To Research & Challenge Information On The Report

Credit reporting bureaus may have false or outdated information on file that might unjustly lower a business credit rating.  If these damaging reports can be removed from the report, the overall business credit score could dramatically increase by as much as 50 points or even more.

Credit Absolute is one of the most trusted credit restoration companies in the nation.  Credit Absolute’s risk-free approach of pay-by-performance ensures that you always get your money worth, because a business doesn’t have to pay until there is progress.

Contact Credit Absolute today, and start on the road to credit repair and recovery.

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