FAQ

 

How do you Build and Improve Business Credit?

Business credit scores help lenders, suppliers and other creditors quickly evaluate whether a business will pay its bills on time. How we improve your business credit score is our focus.  Credit scores are complex statistical models for predicting credit risk. While there is no guaranteed way to improve a business credit score, here are a few steps we will take to ensure that your business credit report reflects the best scores possible for your situation.

Check your business credit report regularly and verify that the information in it is accurate and up-to-date.

Establish business credit with companies that report trades. Remember, not all business creditors report their trade information.

Pay your creditors on time. Historical payment behavior with previous creditors plays a major role in calculating your business credit score.

Just an FYI......Building business credit and how business credit scores are calculated is complex and here is how it works.......Business credit scores range from 0 to 100, with 0 representing a high risk and 100 representing a low risk. Scores are based on a number of factors contained in your business credit report.

● Check your business credit report regularly and verify that the information in it is accurate and up-to-date.
● Our detailed reports will include revolving terms, credit limits, balances,payments and history directly to the bureaus.
● Establish business credit with companies that report trades. Remember, not allbusiness creditors report their trade information.
● Ensure your creditors are paid on time. Historical payment behavior with previous creditors plays a major role in calculating your business credit score.

Building business credit and  business credit scores are calculated utilizing these variables:
● Number of trade experiences.
● Outstanding balances.
● Payment habits.
● Credit utilization.
● Trends over time.
● Public record recency, frequency and dollar amount.