How To Obtain Credit Reports For Small Business

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If you would like to obtain a copy of your personal credit report, you are the only person that can do so. Unlike personal credit reports, which can only be viewed and requested by the report holder, a small business credit report is available to the public. This means that anyone, including potential lenders and suppliers, can obtain your small business credit report. It is more important than ever to monitor your business credit report and credit history.

Your business credit score is used to determine how much money lenders will loan you, what interest rates you will be charged and what you may pay for insurance premiums. It is also one of the first things lenders, suppliers and even some customers may look at before deciding to do business with you. It is not enough to know that you pay your bills on time and that you have never had late fees or someone has refused you credit. You must be aware of what your credit report or history says about your business and that there are no discrepancies or derogatory items listed in error on your credit report. Unlike personal credit reports which are regulated to one report ...
... per person per year, commercial business credit reports can be ordered as often as the person would like.

There are several important reasons to obtain your business’s credit report on a regular basis. As a business owner you must ensure that your companys vendors are reporting your business payment history to one of the three major credit reporting companies. By monitoring your credit report for your small business you will be able to see which of your vendors are reporting, and you will also be able to make informed decisions regarding your business’s credit report history. Monitoring your business credit score will ensure that your business has not been exposed to business identity theft or fraud, which has cost small business owners millions of dollars each year.

Credit Elves can help you increase your knowledge of all the factors that drive your current company’s credit score. In addition they are able to provide you with effective credit history and credit score management tools that supply you with every thing you need to keep your credit history true and accurate. This prevents ugly surprises from showing up if you need to apply for more credit or want to expand your small business.

Obtaining your small business credit report is easy at Credit Elves. They can help you request credit reports from all three main credit reporting agencies, Equifax, Experian and TransUnion. They have three levels of service that you can choose from and if there happens to be a discrepancy, they can store all dispute letters for you so that you are able to track your progress. Don’t let your small business suffer in any way due to your credit report, credit history or credit score.