| Equifax is one of the three major credit reporting | | | | your credit is at or you can check on the credit |
| services. Their knowledge of the credit industry | | | | of another business you wish to conduct financial |
| and the importance of understanding businesses | | | | transactions with. |
| financial status and overall financial picture are | | | | The business credit reports include: |
| significant. That is why they are leading experts | | | | Payment Trend and Payment Index: This is a |
| and have developed the tools to help businesses | | | | twelve month payment trend that compares the |
| prosper instead of fail. Equifax Business offers | | | | business you are reviewing to the industry |
| credit monitoring services, business credit report | | | | standards. |
| services, and instant alerts. The combination of | | | | Bureau Summary: This is a detailed summary of |
| these three tools provides a valuable weapon for | | | | both financial and non-financial accounts for the |
| all small businesses and finding out the financial | | | | business you are reviewing. |
| information they need to know at any given time. | | | | Public Records: You can see if there are |
| Credit Monitoring Services: | | | | judgments, liens, or charged off accounts from |
| Credit monitoring is one of the most effective | | | | the business you are reviewing. |
| methods to prevent financial problems or | | | | Two Scores: Equifax Business reports have two |
| situations from arising. There are two ways that | | | | scores. One is a credit risk score and the other is |
| any business can use monitoring to their benefit: | | | | a business failure score. |
| 1.To keep track of dropping credit scores on | | | | Instant Credit Report Alerts: |
| businesses they have financial relationships with. | | | | With Equifax Business you can be instantly alerted |
| Financial relationships would be considered trade | | | | when something is changing on your credit score. |
| lines, lines of credit, services rendered, or ongoing | | | | This may include: |
| financial transactions between two businesses. | | | | Updated information |
| 2.To keep track of your own credit score. If your | | | | Somebody inquiring on your credit |
| score is starting to drop and you see that right | | | | A new obligation being posted |
| away you will have options for deciding what you | | | | When you know about changes taking place in |
| can do to stop it from falling. On the upside, if | | | | real time it gives you the opportunity to more |
| your credit score continues to raise it may be an | | | | easily prevent fraud; plus, you can keep closer |
| ideal time to renegotiate rates on your businesses | | | | track of everything on the report. |
| finances. You could be eligible for lower rates with | | | | The business services at Equifax Business can |
| a higher credit score. | | | | play a significant role in protecting owners from |
| Credit Report Services: | | | | the negative consequences of bad financial |
| Equifax Business offers the ability to purchase | | | | transactions. Small business owners should always |
| business credit reports. You can use those | | | | want to protect what they've worked so hard to |
| reports to view a detailed assessment of where | | | | build. |