Business Credit Reports

Business Credit Reports questions and answers

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Q: I want to start website business selling credit reports and scores to consumers. where do I find out more?
How much capital is needed for startup and what capital expenditures are required?

A: You can get your credit report for free from Equifax. Who would pay someone to get something that is already free?

Q: What companies offer credit reports to business owners?
For instance if I wanted to check the credit of a perspective vendor of my merchandise?

A: You can check with any of the 3 credit reporting agencies

Q: How can I get a free copy of my business' credit report so that I can examine it?
I own a small business. I'd like to check my business credit report every year or so. How can I get a free copy?

A: ask the bank to give u free copy or ask any old business man near ur area to give u some help in this case good luck if u like my answer please select it for best answer thanks in advance

Q: Are Dun & Bradstreet and Experian Business Credit important to your business credit profile?
D&B (Dun & Bradstreet) has become a much-talked about credit reporting entity. But their antics are controversial, and it has been claimed that they often hold hostage small business credit reputations, for fees. Experian business credit is now on the scene and is actually a fully regulated credit reporting agency, unlike D&B. The difficulty is finding a lender who reports to Experian Business Credit. My answer to this problem is the Standard Deposit Loan offered at creditloader dot com. Please review and let me know your comments.

A: Great Info I'm also looking to hear all the answers!

Q: How long it'd take me to get my business credit report and from where?
Some confusion is there in timing and the agency who manages it.

A: There are many web sites but I found this one most effective: http://http://AntiFraudReport.com

Q: What prepaid business card reports to credit agencies?


A: This is actually a sticky question. Technically, a prepaid card does not report to a credit agency, however, several are starting to offer something called "Credit Builder" which can demonstrate your credit worthiness when applying for housing, credit, insurance, employment, and phone.

Q: Why doesn't my American Express Business card show up on my credit reports?
Own my own business (not incorporated). Does my American Express Business get rolled in with my personal card on the credit report, or does it not go on my report at all?

A: Depending on how long ago you got the American Express card it might or might not be reported to the agencies as of yet. But, it should go in your own business credit report as a separate entry.

Q: How do I clean up my business' credit? (Pls exclude answers involving calling the credit reporting companies)
Already talked to credit reporting companies and they told me to only do business with companies that report to them. My personal credit is being confused with my very separate business credit, and I am having trouble getting the two separated and cleaning them up. What can I do?

A: Call Dun and Bradstreet. They are the ones who report buisness credit. If you have legitimate disputes they can remove them. If you don't, pay the creditors a settlement if they will take it.

Q: where to make reports against credit card business?
Governmental intitution where to make a legal report against the credit card business

A: the banks ombudsman.

Q: How come "business account" credit cards don't help your credit?
I have a business credit card with a high credit limit, but this account does not show up on credit reports from all three crediting agencies. I asked the card issuer why this is, and they tell me that it will only show up if i have negative history (late payments, bankruptcy) but it does not show my on time payments or any sign i even have this available credit line in my name. I am trying to build good credit history, but this doesn't even add into the evaluation of it, and it is the best thing i have going right now. Any one know why this is?

A: The same reason an authorized user on a card can be negatively affected if the card holder messes up. It doesn't make sense but that's how they do it. If the company runs into problems they have to have someone to turn to and that's you. Being able to burn you if things go bad is their only leverage.

Q: Can a business get a free credit report like a consumer can? if so where?
Is there any way a business can see who has inquired on their business credit.

A: The only site where you can get your free credit report (all Americans are entitled to one free credit report within a 12-month period from each of the three agencies) is http://credit-info.we.bs/ but no credit scores. Credit scores are available as an add-on feature of the report, for a fee. This central site allows you to request a free credit file disclosure, commonly called a credit report, from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion. In the so called 'free credit score' sites, you will have to sign up for their 'other services' to check your score for free. http://credit-info.we.bs/

Q: Is it illegal or some type of fraud to use business credit cards for personal use?
I'm not talking about maxing them out, but using them instead of personal credit cards, say, if the business closed. The business cards don't show on the personal credit report. A business that you personally owned as a sole prop; not a corporation or another company you work for. After looking at several sites, it appears it coulbe be construed as fraud, but for sole props, there is really no way to prove it. The credit companies don't police it and don't care as long as payments are made.

A: I wouldn't worry about it. As long as you make the payments it really doesn't matter what you use the cards for. Fraud is extremely difficult to prove to begin with, so imagine a credit card company trying to prove what you purchase is not related to your business. Its not going to happen. With a small business, to some degree, everything is business. Buy what you want, make your payments = no problems whatsoever.

Q: How do I establish a credit report for my business?
I have an established LLC that has been register with the state now for 5+ years. I have several business accounts that are in good standing but a recent check with the credit bureaus show that my business is not listed with them. D&B has issued me a number but basically wants to charge me a fee to investigate my credit and report it. What can I do to get my credit reported on TransUnion and Experian.

A: Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - freecreditreport.hotusa.org

Q: How does a business go about reporting credit on the clients it gives credit to?
If I just purchased a used car dealership a couple months ago and wanted to report to Equifax and others about the credit I extended, how do I go about having them accept and use my reports so buyers can have documented their good or bad credit? I've tried to visit websites and there does not seem to be anything that addresses this at equifax and the other agencies.

A: Contact the local NACM (national association of credit mgrs.) they will help you out with their listings and I'm sure the others are similar. You would likely need a computerized detail aging report showing how old the debt is, how late they pay their bills, how much they owe you, and your rating of the debtor's ability/willingness to pay.

Q: When using a Federal Tax Number how is a credit report obtained?
The information obtained in a credit report when using a Federal Tax id. How is that information diffrent or is it from using your social security number. I know about the credit reporting agencys for personal credit reports but Business credit reports are the same agencys used?

A: The major business credit bureaus that provide reports are: Dun & Bradstreet Experian Business Equifax Business Business Credit USA The information provided to these business credit bureaus is completely voluntary. To establish a business credit profile you must find companies that will establish credit for your business and then report the payment history to the business credit bureaus. This will help you establish your business credit profile. Obtain an FIN or EIN from the IRS. Register with the business credit bureaus. Find other companies willing to grant credit to your business.