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October 24, 2008 ( PowerHomeBiz
) - Park City, UT --
If you need free money for your business, whether it is free money to start
a business or free money to expand your business, it is important that you
are familiar with the major Business Credit Reporting Agencies (CRAs): Kroll
Factual Data, Credit.netTM, ClientCheckerTM, EquifaxTM, ExperianTM, and Dun
& Bradstreet.
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These CRAs monitor your business and its history of making payments on
loans and lines of credit and generate a credit score that represents your
company�s credit worthiness. This profile is used by vendors, banks and
other potential creditors to determine if they want to do business with you.
The good news is that business CRAs do not reference personal CRAs. So, even
with a low FICO score, it is possible to get startup business loans for
people with bad credit.
Kroll Factual Data is the second largest CRA in the mortgage
brokerage industry and preferred choice of many mortgage brokers, property
management, and other companies due to their tenant screening, employee
screening services, mortgage and other business credit reports.
Credit.net provides inexpensive business credit reports generated
from information supplied by the business owner. All information is
independently verified before the report and ranking are generated.
ClientChecker is a CRA specifically for small businesses. Their
PayQuo Score? is based on data from vendors on payment history.
ClientChecker? provides an �Aggregate Business Credit Report� which allows
vendors to see a more detailed evaluation of a company in order to assess
not just the company�s credit worthiness but all aspects of working with
that company.
Equifax Commercial Information Services offers a variety of
commercial products to support lenders and businesses seeking credit
including risk management, marketing and data management tools. They utilize
information generated from banking and lease payment information as well as
credit and financial history, public and personal records of the business
owner or corporate offices, business demographics, and other information to
develop various reports scores to evaluate businesses.
Experian? is one of the three largest personal credit bureaus, and
has registered over 14 million businesses. The Commercial Intelliscore?
allows a vender to predict the likelihood of a company having delinquencies
of greater than 90 days. The Small Business Intelliscore?, is a profile
generated on companies with limited credit history.
The Market Intelliscore? is a less detailed report containing limited
information and is used when there isn�t enough credit information available
on a company to obtain a Commercial or Small Business Intelliscore?.
Dun & Bradstreet (D&B?) is the primary agency for reporting
business credit profiles and most often referred to in the industry. D&B?
has approximately 70 million businesses registered, which is nearly 70% of
the market for business credit profiling and reporting.
The information provided by D&B? to potential creditors presents an
impartial analysis of a business�s creditworthiness, including: the D-U-N-S
Number, D-U-N-S Rating, PAYDEX? Score, Credit Limit Recommendation,
Financial Stress Score, and the Commercial Credit Score.
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S.A. Kern has managed a chain of health care operations and
learned the value, necessity and benefits of and proper ways to obtain
business credit. www.freebusinessmoney.org
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