A good business credit report and score are essential for getting the money you need to successfully run and grow your business. A good credit score can save you money with lower interest rates, provide business credit without the need for a personal guarantee, and improve the overall image of your company.
Business credit reports can also serve a vital role in managing credit risk with companies that you deal with.
The information in Experian's business credit reports is continually updated, always accessible and includes the Experian business credit score (both the Intelliscore Plus and Financial Stability Risk rating), credit trade payment information, corporate registration, business public records, key personnel, and a lot more.
Experian's Business Information Services is a leader in providing data and predictive insights to organizations, helping them mitigate risk and improve profitability. The company's business database provides comprehensive, third-party-verified information on 99.9 percent of all U.S. companies, with the industry's most extensive data on the broad spectrum of small and midsize businesses.
Why monitor your Experian business credit report?
How does business credit monitoring work?
Business credit monitoring keeps a daily watch on your business credit report and score for any changes reported to Experian, including changes that can be linked to inaccurate or fraudulent activity. It works by sending you alerts when there is activity or changes in your business credit, making it easy for you to stay on top of your business credit and financial information.
Why do I need business credit monitoring?
Business credit monitoring can help you spot inaccuracies in your business credit report that could be the result of outdated or misreported information, including business identity theft that can negatively affect your business credit score. Such negative impacts to your business credit report could lead to higher interest rates and even a small business credit card or loan rejection. Keeping track of the changes in your business credit report can give you enough time to repair any issues that might be a factor when applying for small business credit tradeline.
Monitoring your business credit can help you better prepare for business growth opportunities and avoid surprises when you go to apply for loans. Generally, it's recommended to monitor your business credit report and score for at least three months before getting a small business loan or line of credit. That way, you can ensure everything is in order and see what improvements you can make. It's also a good idea to check your business credit report after your loan to verify the accuracy and know the impacts to your business credit score.
Enrollment in Experian's Business Credit AdvantageSM unlimited access and monitoring service is the best way to manage and grow your business credit. Unlimited access to your business credit report gives you the tools you need to manage and grow your credit score. And, automatic email alerts provide you the monitoring tools to watch your credit file for any inquires or derogatory filings.
Enrollment in Experian's Business Credit Advantage program also provides your business with business identity monitoring powered by CyberAgent®. CyberAgent, Experian's priority monitoring technology, proactively detects stolen business identifiable information and compromised confidential data online. CyberAgent is the only identity monitoring solution designed for proactive cyber detection on an international level - breaking language barriers and detecting identity theft across the globe. At any point in time, our CyberAgent technology is monitoring thousands of websites and millions of data points, alerting you if we find your business information in a compromised position online. This information is being gathered in real-time, giving you the opportunity to react quickly and take the necessary steps to protect your business.
Enroll in Business Credit Monitoring today >>