It’s always a good idea to be aware of what’s on your business credit history, as well as what you’re actual business credit score is at the moment. There could be mistakes on the report which need to be fixed, and since your business credit score is public information, it might very well be checked by your vendors and suppliers, or potential business partners for the purpose of making business decisions. That makes it important for you to regularly consult your business credit history, so you can be aware of all line items contained on it. Here’s how you can get access to your business credit score without having to pay a fortune.
Finding free credit reports
You can obtain information about anything which has recently changed regarding your credit history and score from Dun & Bradstreet, through a service they offer which is known as CreditSignal. This does not provide you with full access to your entire credit history information (you would have to pay extra for that), but it does alert you to any changes which have taken place in the past several weeks.
You can also open up an account with a service such as Nav, which can give you a synopsis of what is contained on your Paydex report maintained by Dun & Bradstreet, as well as your Experian personal credit score. The free report provided by Nav will contain your business credit score, summaries of transactions, your personal credit score (which it retrieves from Experian), and even some recommended tools which you can use to achieve a better business credit score.
It should be borne in mind however, that even this information is only a summary and does not contain detailed line items, although you can pay more to get that. If you haven’t been keeping up with your business credit history, this can be a great place to start monitoring it, and if you suspect that there are mistakes, it would then be worth your while to pay extra to get the full reports.
Is your business credit score low?
If you’ve been having trouble securing the financing you need to grow your business because of a low credit score, we may be able to help you. Contact us at Affinity Capital Funding so we can explore some options with you for getting the capital that might take your business to the next level.