Watch Related Videos
comments
Your company's business credit profile will usually determine if your business qualifies for business lines of credit, business loans or business credit cards. Therefore it is important that you always know what sort of information is maintained in your business credit profile. The three major business credit reporting agencies: Dun & Bradstreet, Equifax and Experian maintain the credit profiles on your business and almost every other business in the United States.
Your Business Credit Profile
You should periodically request copies of your business credit profile from all three major business credit reporting agencies. These companies all offer a way for you to purchase a copy of your business credit report and also offer monitoring service subscriptions that allow you to be made aware of any changes to your credit profile.
When you receive your business credit report, you should always check the report for any inaccuracies that may appear. Your business credit report will generally provide information about any trade lines that you have as well as payment performance. Most reporting agencies provide mechanisms for disputing inaccurate information; however, removing accurate negative information will often prove to be difficult.
You should always look at your business credit profile objectively and attempt to correct any negative payment trade lines that are being reported. By making timely payments, your business credit profile will reflect a good business credit score.
