Third quarter 2020 data recently published in the Experian/Moody’s Analytics Main Street Report reveals disturbing trends in the world of commercial credit. The report offers insight and commentary into the current state of business credit — which today, thanks to the continuing COVID crisis — is tenuous. Main Street is […]
Reporting Commercial Credit: The Stick Is Not As Bad As You Think
November 16, 2018 By Leave a Comment
Using the “stick” method of reporting commercial credit to get clients to make regular on time payments is highly effective as well. Contrary to the reward method, a negative report on a business’ credit score can be just as effective. The truth is that you’re not going to have many […]
Reporting Commercial Credit: Should I Use A Carrot Or A Stick?
November 15, 2018 By Leave a Comment
Ideally, you don’t ever want to have to report another small business in a negative way, but it happens. There are two good reasons businesses report commercial credit to the four credit bureaus: to encourage on-time payments and to decrease the chances of a default on payments and needing to […]
Personal Credit vs. Business Credit
November 17, 2017 By Leave a Comment
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 […]
Business Credit vs. Personal Credit
September 26, 2017 By Leave a Comment
How much do you know about business or commercial credit? Would it surprise you to find out that, according to Experian, 90% of business owners know very little about commercial credit. Many use personal credit to run their businesses. What you need to know about business credit That said, there […]