CreditStrong for Business

OCTOBER 11, 2024

The goal of the organization is to serve the business lending industry by providing accurate and reliable data to help lenders predict small business credit risk. Business credit reports that contain data from the SBFE might make or break your future business credit applications. How Does the SBFE Work?

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CreditStrong for Business

OCTOBER 18, 2024

Yet lenders that use PayNet Scores will typically consider a PayNet MasterScore of 700 or higher to indicate a low level of credit risk. PayNet® is a business credit reporting agency that maintains a database of more than 25 million small business contracts — small business loan accounts, business leases, and business lines of credit.

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CreditStrong for Business

NOVEMBER 8, 2024

When a credit bureau receives a new trade reference about your company, it may add an account (also called a tradeline , payment experience, or trade experience) to your business credit report. New lenders or suppliers might also review a trade reference letter when you fill out a credit application.

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CreditStrong for Business

NOVEMBER 7, 2024

The first option involves directly contacting the lender regarding the potential error on your payment history, such as a credit card company or student loan issuer. The next option involves filing a dispute with the credit reporting agency regarding the possible erroneous entry.

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tillful

JANUARY 11, 2023

We get that, for many small business owners, raising your credit score can feel like just another thing on top of a huge stack of to-do’s. Plus, knowing that there are three main business credit reporting agencies ( Experian , Equifax , and Dun & Bradstreet ) can feel a bit overwhelming.

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Due

JANUARY 3, 2023

There are dozens of places where you can obtain your credit report. The three big credit bureaus, however, are Equifax®, Experian®, and TransUnion®. Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores.

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Lendio

MAY 28, 2024

It’s also important to understand that you don’t have just one credit score—different lenders and credit reporting agencies use multiple credit scores. These bureaus, in turn, gather information from lenders like credit card companies, student loan lenders, and banks.

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