Dun
& Bradstreet is the primary company used to evaluate business credit and
issue a credit score known as a Paydex score.
Equifax,
one of the three major consumer credit rating bureaus, also provides business
credit evaluations for over 22,000,000 small businesses and corporations to
detect early signs of trouble by monitoring key customers, suppliers, and
partners. Equifax’s model is designed for companies that provide goods and
services to small businesses.
One of the
main Equifax business credit scores is the Small Business Credit Risk score. The Small Business Credit Risk Score™
for Financial Services predicts the likelihood of a business incurring greater
than 90 days severe delinquency or charge-off on financial services accounts
within a 12-month period. This score is built using financial services and
trade payment data, providing a higher degree of predictability. The score
range is from 101 - 992 and it returns up to four reason codes.
The score utilizes unique bank loans, lease information, credit card and supplier data, utility credit history, public records, and firmographic data from their own Equifax Commercial Database.
The score utilizes unique bank loans, lease information, credit card and supplier data, utility credit history, public records, and firmographic data from their own Equifax Commercial Database.
Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Financing Suite as well as consumer credit restoration and optimization. www.ExpertCreditConsultants.com
