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Business Credit Agencies
There
are two business credit reporting agencies in the United States that lenders and financial
institutions rely on for information to grant credit. The two credit agencies are D&B and Experian.
D&B
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Over
70 million businesses are registered with D&B |
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The
credit profile created by D&B uses information provided by the business owners and vendors of the business |
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Grants
a PAYDEX score to businesses based on payment experiences of the business |
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Issues
a DUNS Rating based on the financial statements of the business |
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Has
a High Risk status for company's that will destroy a company's ability to obtain credit |
Experian
Business
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Over
14 million businesses are registered with Experian |
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The
credit profile created by Experian uses information provided by vendors only |
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Grants
an Intelliscore based on payment experiences |
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Is
one of the three largest personal credit bureaus |
Business
Credit Scores
The
business credit scores with D&B and Experian are what the lenders and financial institutions look for to determine credit.
PAYDEX Score
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Score
ranges from 0 to 100 |
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A
score of 75+ is good |
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Based
on payment experiences reported by vendors |
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Need
5 trade references who report to D&B |
Intelliscore
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Score
ranges from 0 to 100 |
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A
score of 75+ is good |
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Based
on payment experiences reported by vendors |
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Need
2 trade references who report to Experian |
DUNS
Rating
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Various
rating schedules |
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Based
on employee size and financial statements |
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Also
takes into account payment history |
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