You know it's important to check your personal credit report, but did you know
it's just as important to make sure your business credit report accurately reflects
the status of your small business' credit? The amount of credit and the terms, or
rate offered, will be determined by your business credit history and score.
It's also vital that you monitor your business credit for these reasons:
Just as you monitor your suppliers' credit rating, your customers also monitor
yours. You could be losing business without even realizing it.
With increases in commercial credit fraud, it is important to monitor your business
credit report for transactions that you did not initiate.
With Experian business credit reports, you can keep track of your own company's
business credit in the same way that you monitor your customers and suppliers.
Proactively monitor business credit so you can:
Check for completeness and accuracy
Learn how your company compares with others in your industry
Examine the strengths and weaknesses of your file
Develop a strategy to improve your company's credit standing
Better control risk
Allocate funds more efficiently
Increase cash flow
Build stronger customer relationships
Receive alerts regarding new derogatory information and prioritize risk. Purchase
online business credit reports to monitor the health of your small business or to
make insightful decisions about prospective business partners, customers and suppliers.