Business Credit Building Step 2: Getting Your Business Credit Reports
Business Credit reports are offered by Experian, Dun & Bradstreet, and Equifax. You will first want to get a copy of your business credit reports to see what is being reported before you start your business credit building. You can visit www.creditsuite.com/reports to access your business credit reports with Experian, Equifax, and Dun & Bradstreet. You won’t need to get reports with all three, but you should at least have monitoring setup with Dun & Bradstreet, and possibly Experian. Smart Business credit reports from Experian cost $37-175. With these reports you can find out how many trade lines are reporting, see if you have a business credit score assigned, see if you have an active Experian Business Profile, and check on recent inquiries.
It typically takes more time to create a file with Equifax Small Business than D&B and Experian. This is because not a lot of vendors and creditors actually report to Equifax, most of them report to Experian or D&B. This is also why it’s important to apply with the credit providers who report to Equifax when you find them. You can get setup for Equifax credit monitoring for as little as $19.95 monthly. Dun & Bradstreet offer a CreditMonitor product where you can get unlimited access to your D&B reports and scores for $49 monthly. IMPORTANT NOTE, if you do get setup for this you might get a call from Dun & Bradstreet Credibility. Keep in mind this is not Dun & Bradstreet themselves, this is a completely separate privately owned company. Do NOT purchase their “credit builder” program no matter what they tell you. This is NOT something you need and NOT something you should pay for. This program only adds trade references to your report, but instead you will be building your business credit using real useable credit. You can visit www.creditsuite.com/reports to access your business credit reports with Experian, Equifax, and Dun & Bradstreet.