How Does a Business Report to the Credit Bureaus?

The three major credit-reporting agencies — Experian, TransUnion and Equifax — gather credit information about consumers. To assist in the gathering of this information, companies can keep track of customer account activities and report to the credit bureaus. In turn, they let consumers request a copy of their credit report. Banks and other lenders use […]

PERSONAL CREDIT VS. BUSINESS CREDIT

Which Came First, the Chicken or the Egg? The thing about getting credit if you’re a small business is this: You can’t get credit history unless someone gives you credit. And you can’t get credit unless you have credit history. We know this personally because we’re a small business. We know many other small business […]

Benefits Of Reporting Commercial Credit

As you are getting started in your business, you can use your personal credit for the business. However, establishing credit with a credit reporting service, in the name of the business, is very important. Business credit reports compare the stability of a business to similar businesses participating in the credit reporting service. Businesses involved in […]

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