Business Credit Information - An Overview Of Debt Operations

If your small business uses lines of credit funds for its operation, you should be aware of the business credit information profile maintained on your company. Business credit reporting agencies maintain a file on millions of companies in the United States. The records track a business’s credit history. It is important that you are always aware of the information maintained in your business credit profile.

Business Credit Reporting Agencies

Business credit reporting agencies maintain information that will affect your ability to apply for a lines of credit and loans; the three major credit reporting agencies are: Dun & Bradstreet, Equifax and Experian. These companies maintain profiles on almost every business in the United States and provide information to creditor companies, such as: number of reported trade lines, high and low credit amounts and payment information such as the number of late payments and any outstanding loans that are delinquent or in default.

All three of these companies offer you a way to may monitor your business credit score and information. These companies will even allow you to be made aware of any changes are made to your credit profile. You can purchase a subscription that allows you to monitor the information contained in your business credit profile and submit disputes regarding inaccurate information.

In order to make sure that your business is always qualified for the best interest rates for credit lines and business loans, you need to make sure that this information is as accurate as possible.