Small Business

Are you always the last one to know?

Posted on Oct 07 2011 by

In my personal life, sometimes I feel like I am the last one to know about major life changing events that impact my family or friends.  If it wasn’t for social media sites, how else would I have known that Jack and Jill are now separated and that Katie & Kyle just got engaged?  Back […]

How is my commercial credit score calculated?

Posted on Oct 03 2011 by

When consulting with our clients, one of the most frequent questions I get is how much impact does each variable have on the Intelliscore Plus Score?   Today, I will attempt to answer this question, without giving away our “secret sauce”. Variables affecting a commercial credit score, like Intelliscore Plus, are broken down into three key […]

The company looked good on the surface

Posted on Sep 22 2011 by

A credit score is looking to the future . Sometimes I will receive a question about a score, because on the surface the company looks good, but its credit score is in the high risk range. Often the confusion is caused by current data looking decent, such as having a high percentage of existing trade […]

Hidden business owner liabilities add to your “waste line” rather than your bottom line

Posted on Sep 19 2011 by

Some good friends of mine are on a new “low carb” diet and have been getting really impressive results. Now I find myself constantly checking food to make sure I don’t get too many of the dreaded “net carbs.” Too many, and my waistline will suffer. Similarly,  not knowing what’s in the background of a […]

Why aren’t your accounts paying you promptly?

Posted on Sep 14 2011 by

Periodic evaluation of your accounts’ payment behavior may help mitigate your financial risk. One good way to review your portfolio is to compare how your accounts are paying you vs. how they pay others. First, take a look at the average number of days your accounts pay you beyond agreed upon terms . Then, compare […]

Get back to business

Posted on Sep 12 2011 by

The kids are back to school. Now it’s time for you to get back to business and focus on building what’s best for growing your small business, including a good business credit rating.  Remember, your company’s business credit information is one of the first things lenders, suppliers and others will look at before deciding to […]

Tired of all the Bad News?

Posted on Sep 09 2011 by

I’m tired of all the bad news.  Seriously.  Every day it seems like it’s something different.  We get a brief ray of sunshine, and we feel good for a few minutes, then its right back to feeling bad again.  Like today… for those of us who are in the Northeast (New Jersey specifically), the constant […]

Demystifying Experian’s Days Beyond Terms (DBT)

Posted on Sep 02 2011 by

In  recent posts I’ve written about the database where Experian data resides and the matching engine that brings it together.  Now, I’d like to write about one of the data elements that resides on the database and is seen on all of Experian’s commercial credit reports —  Days Beyond Terms (DB T).  To many it’s […]

Business Names: What’s in a name?

Posted on Aug 24 2011 by

In my last post, I mentioned Corporate Registrations and Fictitious Business Name filings as sources Experian leverages for discovering linkage relationships.  Today, I’d like to expand a bit on the different types of names that may be associated to a business.  That’s right, there’s more to the topic than meets the eye. Let’s start with […]

Does one size really fit all?

Posted on Aug 22 2011 by

One of the challenges in developing credit scores for more than 25 million businesses in the U.S. is accounting for the differences. After all, statistical scoring started in order to avoid making time consuming decisions on each new account application. On the other hand, having one scoring model would lump every company together in one […]