I split my time between the East Coast and West Coast. Last month, I guess the rain in the northeast was getting to me. Seemed like between the August rain and all the bad economic news in the media, it was hard to find a lot to smile about. But I did manage to find [...]
Fall is in the air, and ‘tis the season for tricks, treats and things that go bump in the night. Businesses provide a great disguise for fraudsters because it’s relatively easy to create shell businesses or to take over the identity of a dormant corporation. Consumer authentication tools (which have historically been more sophisticated than [...]
The foundation of your commercial business begins at the customer level. With that, you’ll need a clear picture of your account’s health to make the best credit decision. Having data such as the following at your fingertips could prove to be very beneficial… Additional business affiliations – Is your customer affiliated to any other customer [...]
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 [...]
In my last post I shared some insight on Experian’s Days Beyond Terms (DBT). Today, I’ll answer a question I received following that post – Why is there more than one DBT on a business credit report? The answer is different trade payment types may result in a different DBT. Let me explain what I [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
