Business Credit Reporting

Business Credit Reporting

Knowing what business credit scores are based on, gives you an advantage.

Experian's Intelliscore Plus and FAQ's
The Intelliscore is based upon credit history, public filings, and company demographics. The score has data from credit card companies, suppliers, banks, vendors, leasing companies, collection agencies, public filings, and market research companies. The score is from 0 to 100 with a score of 75 or higher considered low risk of default.

Equifax's Payment Index
The Equifax payment index has a range of 0 to 100. It is based upon the business payment history over the past year. It weights heavily on business bank loans and business credit cards with the average days past due being the largest factor. If paid on time or early the score will be in 90 to 100 to 100 range. If debts are paid 1 to 30 days past scores will be in the 80 to 89 range. A score of 79 or below will make your business a high risk of default.

Dun & Bradstreet's Paydex Score
Your business's Paydex score is a statistical measurement of your business risk of default based primarily on vendor reporting trade lines, business suppliers, and public records. A Paydex score of 70 is roughly equal to a personal FICO score of 700. You will need a Paydex score of at least 70 to qualify for most business finance programs without requiring a personal guarantor. To reach your goal, you will need to have at least 10 trade lines reporting to D&B that you pay on time. Paying at least 10 days early on all accounts will raise your scores to 80. While paying more than 10 days late will lower your scores to 60. A Paydex score below 60 will indicate a higher risk of default.

Inside the Level4Finance business success system you will have access to step-by-step comprehensive business credit building instruction to obtain everything you need to build and maintain strong business credit scores and to pre-qualify for a spectrum of business loan programs.