Lendio

JANUARY 11, 2023

Consumer credit reporting agencies like Equifax, TransUnion, and Experian can only share your credit file details with those who have a permissible purpose to view that information. The Fair Credit Reporting Act (FCRA) outlines who is allowed to access your credit information and when.

Credit Reporting Agencies 98

Credit Reporting Agencies Credit Scoring Credit Application Small Businesses 98

Eagle Business Credit

FEBRUARY 15, 2023

Check Your Business Credit Build Credit Through Supplier Payments Pay on Time or Early Request Credit References from Suppliers Finance Your Working Capital to Build Business Credit Run a Credit Report on Yourself The first step you will want to take when building your business credit is verifying your current business credit.

Credit Reporting Agencies 96

Credit Reporting Agencies Credit and Collections Invoice Amount Small Businesses 96

RMAi Blog

OCTOBER 14, 2024

In the forthcoming final rule, data brokers will likely face tighter restrictions as the CFPB has hinted that they would be regulated as a credit reporting agency and be required to comply with the FCRA.

Credit and Collections 130

Credit and Collections Law Firms Collector Credit Reporting Agencies 130

Fundera

SEPTEMBER 20, 2017

You of course can’t monitor your credit report if you don’t have access to it. So check out annualcreditreport.com to get your report for free. You’re also entitled to one free credit report once a year from each of the three credit reporting agencies. Check Your Credit Report For Errors.

Credit Scoring 98

Credit Scoring Credit Reporting Agencies Credit and Collections Bankruptcy 98

Fundera

OCTOBER 5, 2017

When you apply for a business loan, one of the first things lenders do is look up your business credit report. This can be done through one or several of the major business credit reporting agencies, including Scorely, Experian, and Dun & Bradstreet, among others. Obtain a DUNS Number for Your Business.

Credit Scoring 86

Credit Scoring Credit Reporting Agencies Small Businesses Default 86

Fundera

SEPTEMBER 29, 2017

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.

Credit Reporting Agencies 76

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 76

Fundera

APRIL 7, 2016

When you apply for a business loan, lenders gather as much information about your finances as they can—including your financial projections, business plan, and credit score. Your score is based on a credit report from one of the three primary credit reporting agencies: Experian, TransUnion, and Equifax.

Credit Reporting Agencies 70

Credit Reporting Agencies Credit Scoring Credit Card Companies Credit Risk 70

Fundera

FEBRUARY 17, 2016

Your business credit score affects your ability to get loans, enter into leases, and make purchases—and since other businesses, banks, and lenders can check it at any time without your permission, you want to make sure that it’s completely accurate. But making heads or tails of your business credit report can be tricky.

Credit Reporting Agencies 75

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 75

CreditStrong for Business

MARCH 10, 2025

Regularly checking your credit report can help you catch inaccuracies and dispute them with the credit bureaus. Youre entitled to a free credit report every year from each of the major credit reporting agencies.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies 52

RMAi Blog

SEPTEMBER 13, 2024

The following is a sample of the legislative activity over the prior month that has direct impact on the industry: California SB 1061 – This bill would prohibit a person from furnishing information regarding a medical debt to a consumer credit reporting agency, and would make a medical debt void and unenforceable if information is furnished to a consumer (..)

Collector 130

Collector Law Firms Credit and Collections Debt Collections 130

RMAi Blog

AUGUST 14, 2024

The bill would broadly define medical debt to mean “a debt related to, in whole or in part, a transaction, account, or balance arising from a medical service, product, or device.”

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

Fundera

APRIL 20, 2016

Bad news for all business owners: if you’re rejected for a loan because of a poor FICO Liquid Credit Score, the lender isn’t required to disclose that fact—so you might never be sure why you were turned down. How can you make sure that your FICO Liquid Credit Score is strong?

Credit Scoring 74

Credit Scoring Credit Reporting Agencies Credit Card Payments Small Businesses 74

Fundera

AUGUST 1, 2017

If your personal credit rating keeps track of your trustworthiness with your personal credit accounts, your business credit rating does the same—just for your business’s credit accounts. That borrowing information gets processed through a credit reporting algorithm to establish your business credit.

Credit Reporting Agencies 81

Credit Reporting Agencies Credit Scoring Credit and Collections Small Businesses 81

The Red Spectrum

MAY 3, 2023

Tools and Resources for Vendor Reporting There are many tools and resources available that can help you streamline your vendor reporting processes. Some popular options include specialized vendor reporting software, credit monitoring services, and credit reporting agencies.

Credit Reporting Agencies 80

Credit Reporting Agencies Credit Scoring Small Businesses 80

Fundera

AUGUST 11, 2016

Your account might be sent to a collections agency and you might start getting a lot of collection calls. In addition, your lender will report each missed payment to the business credit reporting agencies and/or to personal credit reporting agencies, which can hurt your credit score.

Default 75

Default Credit Reporting Agencies Credit and Collections Credit Scoring 75

Fundera

JUNE 15, 2017

To help you quickly maximize your business’s credit—and in turn its funding opportunities—we’ve created this comprehensive guide covering everything you need to know about how to build business credit. Understand How Business Credit Reporting Works. However, there are some key differences.

Credit Reporting Agencies 87

Credit Reporting Agencies Credit Scoring Credit and Collections Medical Billing 87

Fundera

NOVEMBER 11, 2016

While each credit reporting agency has its own formula for calculating scores, the above are some of the major factors considered when putting together your business credit report. Your business credit score isn’t the only criterion used by a lender when deciding whether or not to give you a loan.

Credit Scoring 93

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 93

Fundera

AUGUST 15, 2018

The business credit reporting agencies— Dun & Bradstreet , Experian , and Equifax are the three main ones—collect information from the vendors and creditors you do business with. That borrowing information gets processed through a credit reporting algorithm to establish your business credit.

Credit Reporting Agencies 76

Credit Reporting Agencies Credit Scoring Credit and Collections Small Businesses 76

The Red Spectrum

AUGUST 18, 2022

Even if you’re a completely new business without an existing credit history, the best net 30 vendors will help you get trade credit of net 30 payment terms. These best net 30 vendors, including The Red Spectrum, will report your payment history to a specific credit bureau or credit reporting agency. .

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Small Businesses Transactions 52

CreditStrong for Business

AUGUST 23, 2024

The Major Business Credit Reporting Agencies The job of a business credit reporting agency (also called a business credit bureau) is to gather information about your company. A credit bureau gathers details from your previous creditors and other sources and puts that data into a business credit file.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 52

CreditStrong for Business

NOVEMBER 22, 2024

Note that if you trigger multiple hard inquiries while rate shopping, all of them will show up on your credit report, but they’ll affect your credit score as if there were only one. FAQs How Many Points Do Mortgage Inquiries Affect Credit Scores By?

Credit Scoring 40

Credit Scoring Credit Reporting Agencies Bankruptcy 40

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.

Credit Scoring 40

Credit Scoring Credit and Collections Credit Reporting Agencies Credit Card Companies 40

Business Credit

JUNE 29, 2021

Net 30 Vendor In today’s post we’re going to share with you a net 30 vendor who reports to multiple business credit reporting agencies. Whether you are just starting a business or an existing business, this is an easy way for you to get business credit without a personal credit check.

Credit Reporting Agencies 57

Credit Reporting Agencies 57

CreditStrong for Business

SEPTEMBER 12, 2024

Public records include filings in local, state, or federal courts or other community resources that have traditionally appeared on consumer credit reports. Equifax, Experian, and TransUnion are the major credit bureaus or credit reporting agencies that collect and report this information.

Chapter 7 52

Chapter 7 Credit Reporting Agencies Bankruptcy Credit Scoring 52

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.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

Lendio

APRIL 27, 2023

It enables you to build up your business credit (if the lender reports to a business credit reporting agency). Your personal credit might be at risk if you sign a personal guarantee and the business defaults on its debt. You risk losing collateral, if your business doesn’t repay its debts as promised.

Credit Reporting Agencies 92

Credit Reporting Agencies Deductions Default Small Businesses 92

CreditStrong for Business

AUGUST 16, 2024

In the business credit world, there are five main credit reporting agencies. These credit bureaus gather information about your company and resell it to others that want to predict the risk of loaning money to your company. It’s wise to understand who the business credit bureaus are and how they operate.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 52

Fundera

NOVEMBER 28, 2016

Find Out When Your Credit Card Issuer Reports to Credit Bureaus. Remember when we said that the 3 credit reporting agencies all work a little different? Well, most credit card issuers report your card balance and recent payment activity to credit bureaus once a month.

Credit Scoring 99

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 99

Fundera

NOVEMBER 28, 2016

Find Out When Your Credit Card Issuer Reports to Credit Bureaus. Remember when we said that the 3 credit reporting agencies all work a little different? Well, most credit card issuers report your card balance and recent payment activity to credit bureaus once a month.

Credit Scoring 99

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 99

Fundera

NOVEMBER 11, 2016

While each credit reporting agency has its own formula for calculating scores, the above are some of the major factors considered when putting together your business credit report. Your business credit score isn’t the only criterion used by a lender when deciding whether or not to give you a loan.

Credit Scoring 79

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 79

Due

JANUARY 13, 2023

As you make payments, you gain more access to the funds — all the while, everything is made known to a credit reporting agency. This makes it a great way to show you’re capable of making payments on time, which can catapult your credit score quickly, even without a credit card.

Credit Scoring 116

Credit Scoring Credit Reporting Agencies Credit Card Companies Default 116

CreditStrong for Business

JULY 11, 2024

Credit Scores that Lenders Use For Auto Loans Are you searching for a new car? Lenders are likely to use the industry-specific FICO Auto Score when reviewing your credit history. A variety of versions are used from each credit reporting agency. Request a credit limit increase from your credit card issuer.

Credit Scoring 59

Credit Scoring Credit Reporting Agencies Credit and Collections Credit Unions 59

The Red Spectrum

MAY 18, 2023

This blog will explore when credit card payments report to credit bureaus , the factors influencing reporting timelines, and the importance of timely payments for maintaining a good credit score. What Are Credit Bureaus? Before diving into the details, let’s first understand what credit bureaus are.

Credit Card Payments 91

Credit Card Payments Credit Scoring Credit Reporting Agencies Credit and Collections 91

The Red Spectrum

APRIL 13, 2023

The key is to focus on making consistent, on-time payments and keeping your credit utilization ratio low. How do I dispute errors on my business credit report? To dispute errors on your business credit report, you can contact the credit reporting agencies (Equifax, Experian, and TransUnion) and file a dispute online or by mail.

Credit Scoring 86

Credit Scoring Credit Reporting Agencies Small Businesses 86

The Red Spectrum

APRIL 20, 2023

A credit score is a numerical value that acts as an indicator of your creditworthiness. Credit scores are computed using data compiled by credit reporting agencies like Equifax , CreditSafe and SBFE. It represents your capacity and probability to pay off debts on time, as per the terms of the loan agreement.

Credit Scoring 95

Credit Scoring Credit Reporting Agencies 95

Fundera

SEPTEMBER 16, 2017

Here’s where people often get confused: FICO isn’t actually a credit reporting agency. Using the information found in credit reports from the three main U.S. If you’ve ever pulled your own credit report before, you might remember that you didn’t do so directly from the FICO corporation.

Credit Scoring 73

Credit Scoring Credit Reporting Agencies Credit and Collections Default 73

CreditStrong for Business

AUGUST 30, 2024

The three major credit bureaus, Equifax, Experian, and TransUnion, all offer consumers a free copy of their report annually. Perhaps collection accounts associated with an eviction were subsequently reported inaccurately? In this instance, you can initiate the dispute process with the credit reporting agency.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit and Collections Bankruptcy Credit Scoring 52