{"id":102,"date":"2018-08-13T15:25:31","date_gmt":"2018-08-13T15:25:31","guid":{"rendered":"https:\/\/amafirm.com\/blog\/?p=102"},"modified":"2020-03-18T16:20:49","modified_gmt":"2020-03-18T16:20:49","slug":"understanding-commercial-credit-reports","status":"publish","type":"post","link":"https:\/\/amafirm.com\/blog\/commerical-collections-news\/understanding-commercial-credit-reports\/","title":{"rendered":"Understanding Commercial Credit Reports"},"content":{"rendered":"<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-103\" src=\"https:\/\/amafirm.com\/blog\/wp-content\/uploads\/2018\/08\/account-black-and-white-business-209137.jpg\" alt=\"\" width=\"4608\" height=\"3072\" srcset=\"https:\/\/amafirm.com\/blog\/wp-content\/uploads\/2018\/08\/account-black-and-white-business-209137.jpg 4608w, https:\/\/amafirm.com\/blog\/wp-content\/uploads\/2018\/08\/account-black-and-white-business-209137-300x200.jpg 300w, https:\/\/amafirm.com\/blog\/wp-content\/uploads\/2018\/08\/account-black-and-white-business-209137-768x512.jpg 768w, https:\/\/amafirm.com\/blog\/wp-content\/uploads\/2018\/08\/account-black-and-white-business-209137-1024x683.jpg 1024w, https:\/\/amafirm.com\/blog\/wp-content\/uploads\/2018\/08\/account-black-and-white-business-209137-1200x800.jpg 1200w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">As an individual, you understand the importance of a high credit score when it comes to making a large purchase, like a home or a car. In the same way, commercial credit is important when starting out on a new business venture or partnership. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on a 100-point scale, a commercial credit score measures the creditworthiness of a business. <\/span><span style=\"font-weight: 400;\">Dun &amp; Bradstreet, Equifax, and Experian are the major business credit bureaus, and they verify business data in different ways. Unlike personal credit, business credit reporting is not standardized. However, they typically evaluate the following factors:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Company information (i.e., address, proprietorship or parent company, subsidiaries)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Annual revenue<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lending risk factors (i.e., late payments, defaults, liens)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Banking history (i.e., on-time payments, loans)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Establishing your creditworthiness as a business is much like establishing it as an individual. Pay your lenders and vendors on time. You never want to be 90+ days past due on any invoices. Keep your credit-utilization ratio low. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you start a new business, knowing your commercial credit score is critical in obtaining the best lending rates and financing. Additionally, you may discover inaccuracies in your report that must be rectified before you seek business loan qualification. If you do find errors, contact the major business credit bureaus to correct them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You wouldn&rsquo;t buy a new home without first checking your credit score. And you shouldn&rsquo;t do business with a company without checking their credit as well. If you are interested in obtaining the credit report on a business, you do not need permission. Commercial credit scores are public record. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a leader in B2B collections, Alexander Miller &amp; Associates understands the critical importance of obtaining commercial credit reports not only for your business, but for any business you may lend to or partner with, in the past or future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We offer free commercial credit reports. Our report is a comprehensive list of UCC filings, open or pending lawsuits and derogatory credit information. Request your <\/span><a href=\"https:\/\/www.amafirm.com\/order-free-credit-report.php\"><span style=\"font-weight: 400;\">free commercial credit repor<\/span><\/a><span style=\"font-weight: 400;\">t today.<\/span><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As an individual, you understand the importance of a high credit score when it comes to making a large purchase, like a home or a car. In the same way, commercial credit is important when starting out on a new business venture or partnership. Based on a 100-point scale, a commercial credit score measures the &hellip; <a href=\"https:\/\/amafirm.com\/blog\/commerical-collections-news\/understanding-commercial-credit-reports\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Understanding Commercial Credit Reports&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Understanding Commercial Credit Reports | Alexander Miller &amp; Associates<\/title>\n<meta name=\"description\" content=\"Commercial credit reports are something every business owner should understand. 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