how to check business credit score

You've felt it before. Even if you've managed to avoid it,
you know someone else who hasn't been so lucky.


What are we talking about? The anxiety experienced when you make a credit decision, only to find out too late that the report you had didn’t cover the last year of stomach-churning drops in the company’s credit rating — that sudden, looming realization that you might never get the money for that sale.

Ansonia's expertise is to make sure you never feel this again.

Your business needs accurate, flexible business credit reports. You need them FAST and up-to-date... and you want them to be highly affordable. We are the NEW credit reporting service that is bending over backward to give our clients exactly what they need.

See the difference.
Try our free credit report today.




Why Our Data is Better

Our Data
is Unique

We collect data from all types of businesses — from Mom & Pop all the way to Fortune 500. Our state-of-the-art platform enables us to accept data files that other business credit companies cannot.

Our unique database translates to more relevant information, which translates into you making better credit decisions and making more money. Many businesses find that Ansonia’s core business credit report is the only credit risk decision tool they need.

Our Data
is Fresh

What would happen if you gave a customer a large amount of credit, only to find out too late that the report you had didn’t cover the latest stomach-churning drops in the company’s credit history? You may have a sudden, looming realization that you might never get the money for that sale.

Ansonia to the rescue! Unlike many other credit reporting companies, we continuously update our database 24/7, ensuring the freshest data possible. And with a click of a button, you can get the latest judgements and public records. This is our expertise — to lessen your anxiety over future credit decisions.

We Do Not Buy
Our Trade Data

There are some business credit reporting companies that buy, repackage and resell other credit reporting companies' data. We collect our own up-to-date and reliable data and don't sell it to other companies. Nor do we buy data reports from other companies. Our database is unique and secure.


We Do NOT Own or Partner With A Collection Company

Some credit companies partner with collection agencies and may have conflicting business dealings. We are strictly in the business of providing credit data intelligence to businesses.

It's the only thing we do and we do it well. You can depend on us to ALWAYS give you accurate information that will benefit your business.



Up-to-Date and Accurate

We are very pleased with the quality and reliability of Ansonia’s credit information. The information is always up-to-date and accurate, and obtaining credit reports is a very simple and fast process. Furthermore, the level of personal support and service we receive from Ansonia is top-notch. We are extremely fortunate to consider Ansonia as a trusted and valued partner in the transportation industry — they definitely help make our job easier!”

—Eric Belk, Vice President
Match Factors

Members who provide data receive up to a 40% discount on their business credit reports.





No Finance Degree Needed

Have you noticed that reports from the other business credit report companies are extremely hard to read? You need to learn about a customer's credit worthiness fast. But you're stuck wasting time trying to figure out a report that is full of numbers, but doesn't tell you much.

It's difficult to tell a good customer from a bad one. There may be a note the customer was 90 days delinquent on a payment, but you are not told if that was years ago with just a single slow payment, or if the customer is delinquent all the time. And hey, if you can't find out what you want to know NOW, the report is worthless. You might as well flip a coin.

This hurts your business. You may take a chance on a customer who winds up burning your company. On the other hand, you might pass on somebody that would be a great customer — and you lose the sale.

Ansonia saw this problem and fixed it. Our reports are extremely easy to read. We go the extra mile to make sure ALL the numbers make sense. And we are sticklers for assuring you have the exact stats you need when you need them.


No Pre-Paid Contract Required

Annual contracts are devised to lock people in long term. Other business credit reporting companies encourage you to give everyone in your company access to their information — the more employees running reports, the better.

And when contract renewal time comes, they pull out a 10 pound stack of all the invoices you pulled to support why you can’t live without them. Oh, and buy the way, your price goes up.

Often they will offer a business a three-year contract with price escalations. So they lock you in, guarantee themselves a nice revenue increase each year, all while selling the exact same report.

Why should you agree to pay 3-5 percent more over a period of 3 years for the exact same report? If it’s the same report, why should you have to pay more from year to year? Are the reports giving you more value? We offer you a better solution.

With Ansonia, you only pay for what you use. No long term contracts. No escalating fees over time. And to top it off, members who provide data receive a discount of up to 40% on their business credit reports. You get the accurate, easy-to-access credit reports you need at a dramatic savings.

Additionally, members who provide data receive up to a 40% discount on their business credit reports.






Customizable Reports Lead to Better, Faster Credit Decisions



 

Watch the video below to see how your report would work.
how to check a company's credit rating

You Can't Go Wrong with Ansonia

When Transwest Capital first started out we were using another credit data company to verify the credit-worthiness of our debtors. While we were not unhappy with the company, we did not know what we were missing until we signed up with Ansonia Credit Data. After switching to Ansonia, we started to realize that the information we were previously using was not as fresh as advertised. With Ansonia, we know we are receiving the most up-to-date and in-depth look at a debtor’s credit-worthiness. In a word, we had become complacent with the previous company, trusting that their data would help us protect our receivables. It did, to a point. Now, we feel as if we have a partner watching our backs 24/7. Coupled with the customer service the staff at Ansonia provides, you can’t go wrong with Ansonia Credit Data.”

—Brian Cummings, Operations Manager
Transwest Capital



We Can Integrate With Your Software

We welcome special programming requests. Have you ever tried to get a customized project with one of our competitors? One of our current clients signed a contract with our competitor to provide a customer-facing online credit application.

Our client worked with that company for over an entire year, and failed to receive a working product. We took this project on from scratch, and had the entire process ready to go in just two months.

Businesses run lean shops. Employees are generally expected to do more and more in a finite number of hours per day. Automation/integration is the key.

With our 21-st century, state-of-the-art technology, we easily integrate with any software. We can “push” data intelligence to our customers to help them streamline their processes. These kinds of tools mean you don’t have to pay someone to sit at a desk and look at credit app after credit app and run one report at a time.



how to check a company's credit rating

Live People Answer Our Phones

This really shouldn’t merit a mention. After all, it’s common sense that a company would take calls from their clients so they could help them and provide great customer service. Right? Wrong.

Most calls to our competitors seem to be sucked into a pit where voicemails go to die, leaving you stranded and without help. Fortunately, that’s not how we operate.

It’s a point of pride for us to pick up the phone when you call and to give you as much help as you want. So if you don’t want to feel like you’re alone in the dark, give us a call now at 1-855-267-6642 to let us shine some light on your situation.


how to check business credit score

Ansonia Clearly has the
Advanced, Customer-Oriented
Business Credit Reports You Need

By combining top-notch, highly reliable credit reports with caring customer service and BIG savings — Ansonia is rapidly becoming the first choice for businesses of all sizes.




See the difference.
Try our free credit
report today.

•  Verify a new customer
•  Check an existing customer
•  See the difference
how to check business credit score

Or Call Us Today at:
1-855-267-6642



Grab This Powerful Arsenal Of Business Credit Reporting Tools That Only Ansonia Can Give You:


Become one of the new savvy business owners who use Ansonia and profit from the following:

•  Ansonia Sells Only Business Data – we only concentrate on business credit reports.

•  Ansonia’s Business Data is Always Fresh, not Stale – We update 24/7.

•  Ansonia Does Not Resell Your Data – Your customer data is safe with us.

•  Ansonia Works With Everybody – From small businesses to Fortune 500 companies.

•  Ansonia Collects Unique Data – We collect data the big guys can’t even touch.

•  Ansonia’s Reports Are Easy To Read – You’ll know exactly how your customer pays.

•  Ansonia’s Reports Are Customized – You decide on what data is important to you.

•  No Prepaid Contract Required – You are not tied down, wasting money.

•  We Keep It Simple – Anybody can read our reports and understand them.

•  Live People Answer Our Phones – The others don’t, nor do they care to.

•  We Do Not Own Or Partner With A Collection Company – We provide unbiased data.

•  Customizable Software Integration – We integrate with any software you run.

•  Automation Is The Key – Request as few or as many reports as you want.


We're here to get you started.
Call us now for your no-cost, no-obligation discussion.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


How To Check A Company'S Credit Rating Articles

 

Analyzing Your Customer Portfolio

 

Companies have much to gain by analyzing their customer portfolio. It is through this analysis that they can determine how each and every customer segment fits within their business goals.

 

Some of the advantages of analyzing the customer portfolio of a business can be to:

 

Help business managers think more strategically and futuristically; which ultimately helps them more fully understand the economics of their business;
Improve communications between sales and marketing management and credit departments;
Change (if necessary) and grow the quality of their business plans;
Pinpoint any information gaps and highlight important issues; and
Strengthen the investment of the company in its promising customer segments, and to eliminate weaker customers.
The company can then segment their customer base according to the attractiveness of their customers when compared to other market segments in the economy. This will enable the business to identify markets segments that will provide valuable opportunities for growth and profit. A comprehensive business universe benchmarking database is required for this part of the analysis in order to identify interesting prospect firms within the market segment.

 

Armed with this analysis a manager who is responsible for managing the credit risk of a customer base now has the information and the ability to do so much more, and to use their influence beyond traditional boundaries. It is vitally important that the knowledge gained through this analysis be communicated to other parties within the organization, such as senior management and sales and marketing teams.

 

It is often thought that credit managers have relatively little influence over both the direction and growth of a business, and portfolio analysis is the ideal communication tool for breaking down this misconception because the analysis summarizes the performance, dynamics, and overall composition of the customer base of a business .

 

Besides the fact that the analysis of market and prospect segments clearly articulates the credit challenges faced by a business, it is also a great tool for influencing discussions on the strategic direction a business is taking. The key to analyzing the customer portfolio of a business is to ensure that all available resources are used to improve the most precious asset of a business, which of course is its customers.

 

 


You Can Find More Information at www.ansoniacreditdata.com/

Call Us Today at: 1-855-267-6642

Business Credit Report Monitoring
a Streamlined Means to Unprecedented Accuracy

Making successful financial decisions is not a matter of luck. It all starts with stringent research.

This research is easy when you are attempting to gather credit information on larger fortune 1000 companies, but as many credit professionals know, attempting to access credit information for smaller and/or private companies can feel like an archaeological dig.Now, thanks to advances in the business credit reporting world, you have the option to affordably access business credit reports, on companies of all sizes. These reports are continuously updated and will provide you with the most accurate information available.

Leveraging Business Credit Reports

Pulling a business credit report the traditional way provides a nice snapshot of the company in question, but the information may be outdated or incorrect. And with traditional vendors, this out-of-date information may well be overpriced. Luckily, there is a solution that will make this costly, labor-intensive process become extinct.

If you want a job done right, you need the right tools, and preferably the best tools available. These tools will eliminate the guesswork by providing immediate and 24-hour access to up-to-date business credit reports so you can identify and prevent potential debtor credit problems and fraud risk early and with precision.

With the right service, you will be able to:

  • Learn more about the companies with which you do business.

  • Gain insight into business history by reviewing banking, trade and collection histories, as well as past registrations, bankruptcies, liens and judgments.

  • Assess risk factors before extending or increasing credit.

  • Spot changes in performance of existing customers that could affect your business dealings.

  • Quickly review the payment practices of prospective customers to gauge their creditworthiness.

  • Gain historical perspective on supplier, vendor and partner relationships.

  • Access unique data, direct from creditors in a global database of companies large and small, spanning multiple industries.

  • Gain access to a community of credit professionals.

  • Compare your payment trends against other creditors trends with customizable trend-based credit metrics.
  • With these tools, your team can perform at new levels of focus and efficiency. This puts your company in a position to successfully navigate the business landscape, minimizing risk while avoiding bad debt and collection expenses.

    Business Credit Reports: A Two-Way Street

    Many do not realize that the payment information you find on a credit report of a business comes directly from companies who have worked with that business in the past. Countless companies work with business credit bureaus to help populate credit reports with accurate information. On a monthly basis, the companies will send their accounts receivable data to the bureaus. The bureaus receive this data then process, store and analyze it for easy consumption through their credit reports.

    So how are business credit reports a two way street? If there were no companies participating in these business credit reporting programs, the credit report you pull on a prospective customer would be blank. A blank report would give you no insight into how a company pays their bills. A world without reporting would make extending credit an extremely risky endeavor.

    Thankfully, as the business credit community does report its data to credit bureaus, you are able to make informed credit decisions. If you benefit from the information you see on reports, you should consider reporting your data to help build the database of the community.

    Do not Put Your Company at a DisadvantageIf you are not using of a good business credit report service, you're leaving yourself open to liability and potential fraud. Don't be taken advantage of, give your company the advantage today.

     


    You Can Find More Information at www.ansoniacreditdata.com/

    Call Us Today at: 1-855-267-6642



     

    The Concept of a Receivables Portfolio Analysis

     

    A credit professional can use information gained from the accounting records of customers together with information provided from other sources, such as input from sales, marketing, and finance departments, to stratify the customer database of a firm into meaningful segments.

     

    Let us look at a typical company: The following information should be readily available from the accounting records of a typical firm, product line, gross margin dollars and percentage, sales, geographic location, and the industry sold to. Credit Score is yet another important element of portfolio analysis. There are two ways of obtaining the risk score of a customer from a third-party vendor: by purchasing a credit scoring system or requiring the credit risk score for each customer, or by manually developing one yourself.

     

    A credit scoring system offers a company the ability to clearly define parameters by which credit lines will be established. One of the main advantages of a credit scoring system is that the uniqueness of an industry can be built into the decision matrix. The scoring system demands consistency in the credit review process; with either of these methods able to be integrated electronically into the customer accounting records.

     

    The credit function is capable of adding significant value to the organization by simply categorizing this data into meaningful data sets. This means that the company is able to evaluate its credit policy and preference for risk in real time. Now the credit professional can use this analysis as a global view of the day to day tactical decisions of a firm. This process combines data from both third-party suppliers and the accounting records of the customer. Using decision matrices, this information is processed and segmented into meaningful data sets. This is an ongoing process, producing information that is used to develop both marketing tactics and credit and collections policies.

     

    Producing Successful Segmentation Analysis

     

    In order to produce successful segmentation analysis, there are two key processes. The first is locating the characteristics that consistently improve the process of identifying the appropriate risk class. This approach requires comprehensive segmentation analysis of the customer base which, in terms of sophistication, can always be improved on. To start with, your customers must be categorized according to their basic demographics, meaning where they are located, who they are, what industries they operate in, how large they are, and how old they are. Once this information is at hand, the next step is to search for differences in cash flow performance; which means that you will be identifying high performing segments from low performing segments based on risk, payment patterns, and gross margin contribution. This basic analysis often yields great insights into how to improve marketing strategy and credit policies.

     

    Your Customers and Their Risk to Your Business

     

    Each customer (or potential customer) of your firm does not represent the same opportunity and/or risk to your business. They differ greatly in terms of their risk of slow or non-payment, and the resulting delinquency or bad-debt carrying costs that may be incurred. And, of course, prospects and customers also differ in terms of their importance to the sales of your firm, like: Are they likely to buy? In what volume will they buy, and will they be repeat customers?

     

    If, in this world of diverse firms, you were to treat all your customers the same when it comes to risk and opportunity, you would be guaranteeing lower productivity in addition to sub optimizing the financial performance of your firm. So you can see that, depending on their attractiveness to your organization, it makes good business sense to treat all firms differently.

     

    For your best customers, meaning those who are low risk with high sales potential, it makes perfect sense to have liberal credit lines, to allocate more customer service and sales resources, and to structure any collection actions with the main focus on sustaining a long term relationship.

     

    On the other hand, for higher risk customers with lower sales potential, there is a call for tighter credit terms and lines, considerably fewer sales and service attention, and collections activities that are more aggressive for these less attractive customers.

     

    Understanding Both Your Organization and Your Industry

     

    An understanding of both your organization and the industry within which it operates will provide the basis for determining the parameters to be measured. Risk and profitability are two key aspects that must be measured, and these attributes must be measured in the aggregate and by meaningful segments.

     

    Segments that are usually measured include the product line, the industry sold to, geographical, and payment performance over a period of time. A true understanding of the customer base of the firm can only be revealed once these segments have been analyzed and measured against sales volume, risk levels, and gross margin contribution. The credit professional can use this analysis to ensure that the firm has a working credit policy. Proven policies can be implemented at a transactional level in order to improve bottom-line profitability and productivity simply by establishing (or refining) existing segmentation. And, of course, the firm can achieve contributions to top-line growth by applying the insights gained from analyzing attractive market segments and targeting a range of individual firms within those segments.

     

     


    You Can Find More Information at www.ansoniacreditdata.com/

    Call Us Today at: 1-855-267-6642

     

    A Sample of business credit reports
    for companies found in Ansonia's database

     

    Company Name:  FOREMAN THERAPY SERVICES LLC

    Street Address: PO BOX 140917

    City: DALLAS

    State/Province/Other: Texas

    Zip: 75214

    Country: United State, U.S.

    Phone: 214-960-4038

    Rating: Available!

    Historic 25 months

    Average Days To Pay: Available!

    Average Outstanding Balance: Available

    Total Companies Reporting Payments History: Available!


    Would you like to know how FOREMAN THERAPY SERVICES LLC pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For FOREMAN THERAPY SERVICES LLC at: 1-855-267-6642

     

     

    Company Name:  INDIGO BOOKS

    Street Address: 468 KING ST W SUITE 500

    City: TORONTO

    State/Province/Other: Ontario

    Zip: M5V 1L8

    Country: Canada

    Phone: 416-364-4499

    Rating: Available!

    Historic 25 months

    Average Days To Pay: Available!

    Average Outstanding Balance: Available

    Total Companies Reporting Payments History: Available!


    Would you like to know how INDIGO BOOKS pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For INDIGO BOOKS at: 1-855-267-6642

     

    Company Name:  MARSHALLS STORES

    Street Address: PO BOX 9126

    City: FRAMINGHAM

    State/Province/Other: Massachusetts

    Zip: 1701

    Country: United State, U.S.

    Phone: 508-390-1000

    Rating: Available!

    Historic 25 months

    Average Days To Pay: Available!

    Average Outstanding Balance: Available

    Total Companies Reporting Payments History: Available!


    Would you like to know how MARSHALLS STORES pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For MARSHALLS STORES at: 1-855-267-6642

     

    Company Name:  INTERFACE REHAB

    Street Address: 774 S PLACENTIA AVE

    City: PLACENTIA

    State/Province/Other: California

    Zip: 92870

    Country: United State, U.S.

    Phone: 714-548-2096

    Rating: Available!

    Historic 25 months

    Average Days To Pay: Available!

    Average Outstanding Balance: Available

    Total Companies Reporting Payments History: Available!

     


    Would you like to know how INTERFACE REHAB pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For INTERFACE REHAB at: 1-855-267-6642



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    Customized business credit reports for companies with unique information that other business credit reporting companies do not have.

    Ansonia Credit Data and Businesscreditreportscore.com

     

     

     

    How To Check Business Credit References

    Business Credit Score: What It Means to Your Business

     

    Every business has both a Business Credit Score and a Business Credit Report. A good (high) business credit score is key to having your company approved for financing and trade credit. Your Business Credit Score ranks the creditworthiness of your business, just the same as your personal score acts as a financial rating.

     

    How Are Business Credit Scores Determined?

     

    Business credit scores are determined by reporting agencies, such as Ansonia Credit Data, with several factors going into the calculation of these figures. Various traits about your company and its financial history determine how credit scores are calculated for your business. Please see below for some factors that may determine your business credit score.

     

    Outstanding Debts
    Payment History
    Credit Utilization Ratio
    Public Records, which may include bankruptcies, liens, and judgements
    Length of Credit History
    Company Size
    Industry Risk

     

    Some of the above factors are unique to Business Credit Scores while many are similar to the ones used for calculating your personal credit score.

     

    How Are Business Credit Scores Used?

     

    Before a lender or other creditor can approve your business for finance they need to determine how capable your business is of repaying its debts, and this is where your business credit score comes in. If your business has a high Credit Score it indicates to creditors that your business is trustworthy; that it is not a high risk for finance. Lenders will use the business credit report of your company to obtain detailed information about the financial history of your business; with your Business Credit Score serving as a quick-check evaluation.

     

    In addition, a high business credit score may give you access to more credit than you would be able to receive if applying for finance with only your personal credit score.

     

    It is Important to Check Your Business Credit Score

     

    All business owners should review the financial information of their company on a regular basis, and this includes their business credit score. These scores are fluid and can change with time. It is for this reason that creditors will assess your creditworthiness on a regular basis. If you should notice that your business credit score is low, there could well be an error in the credit reports which resulted in an inaccurate calculation. It might also be that your business does not warrant a higher score because it does not have sufficient credit history.

     

    However, if you believe there is an error in your Business Credit Score it is imperative that you contact the credit agency that generated the score in order to have this score checked, and corrected if necessary. If no error has occurred, it is still possible to increase your business credit score over a period of time by making payments on time and lowering the credit utilization ratio for your company .

     

    Regardless of whether you are just starting out in business or you have been in the game for many years, an essential aspect of staying competitive in business is to build a strong credit profile.

     

    Improving Your Business Credit Score

     

    It can be confusing trying to determine how and when business credit scores are used; however, it is actually very simple to keep your score high. Basically, it is the same as taking care of your personal credit.

     

    Make sure your business bills are paid either on time or before their due date;
    Maintain your credit utilization at around 25%. It is important that you do not max out your credit lines; and
    Open multiple credit accounts; such as trade lines, business credit cards, and loans.

     

    About Business Credit Reports

     

    You are probably aware that you can check your financial history by viewing your personal credit report. Well, the same information can be reviewed for your business, and that is because credit bureaus scour public records and other financial data in order to develop a credit report on your company the moment you start a business. So, when you receive trade credit (also known as a business loan or line of credit), information about your payment history is compiled and turned into a business credit score by a company such as Ansonia Credit Data. Ansonia Credit Data is a premier business credit reporting provider.

     

    One of the most important aspects of being a small business owner is to take the appropriate steps to build your business credit profile. Doing this will assist in creating strong business relationships and open up financial opportunities that will make running and growing your business so much easier.

     

     

     

     

    How To Check Credit Report For A Business

    "

    Checking a Credit Report for a Company

     

    It is via a Business Credit Report that a person or company is able to evaluate the credit worthiness of potential suppliers, a competitor, or even its customers. A business will often run a Business Credit Report on itself to determine how its financial stability is being presented to the larger business community. We strongly advise that any business entering into a relationship with a new company should run a Business Credit Report, because this which will assist in determining the degree of risk involved in the proposed business relationship.

     

    Reading a Business Credit Report

     

    It is highly recommended that a company run a business credit report if it is considering evaluating the reliability of potential suppliers, granting credit to new customers, or even analyzing the credit standing of their own company . Typically, a business credit report will provide a snapshot of the credit history of a company, including how reliable it is in paying its bills and managing other financial obligations. Running a business credit report on a company can help you reduce risk by identifying potential warning signs of credit problems of your customers . It will also help you determine whether your own company is a positive credit prospect for its suppliers.

     

    A business credit report will ideally include a review of the following aspects of a business.

     

    Credit Risk Rating

     

    The majority of business credit reports include a rating system which has been designed to assist in gauging the potential risk of either late or delinquent payments. These ratings are determined through an analysis of different credit factors, like legal filings and past payments performance; plus, they are ideal for when you are required to make a quick credit decision. Any high risk rating should be taken very seriously.

     

    Payment History

     

    It is important that you analyze past payments to determine how efficient a company is in managing its accounts. Look for trends as well as timely payments. As an example: you may notice that a prospect previously made minimum credit card payments; however, they are now paying the balance in full each month. This could well indicate that the company has become a better credit risk, meaning that they have developed a stable revenue stream. In addition, you should check to see how the payment history of a specific business compares to other businesses in the same field. The information you gain here will confirm whether Are the payment patterns of the business in line with industry norms.

     

    Of course, this also applies to your own business credit report: when reviewing your own report, check for similar trends that your suppliers may notice.Company Background and Information

     

    A business credit report should include certain information, such as the name, address, and contact information of the company. It might also include information on its business type, such as the number of employees, industry by NAICS or SIC code, the status of incorporation, sales figures, and key officers. Conduct a careful review of this information to ensure that it is consistent with the records held by your company. If this information should not be consistent, be sure to advise the company concerned and request an explanation.

     

    A Word of Caution: Fictitious company names hide the true ownership of a business, so be alert for this kind of detail: it could well be an indication that the company concerned is attempting to conceal information.

     

    Legal Issues

     

    A business credit report can help you identify new clients who may turn out to be credit risks, or suppliers who may not be reliable, by disclosing legal issues regarding outstanding lawsuits, bankruptcy filings, court judgements and liens. It is true that many companies have at one time or another faced some type of legal proceeding or lawsuit, so it may not necessarily be important that they have a pending lawsuit. However, companies that have experienced bankruptcy proceedings or have liens placed against them should be assessed very seriously.

     

    Collection Proceedings

     

    Does the company in question have a known history of having accounts sent out for collection or of letting its bills lapse? Question continuous late payments, because they may be the result of disputes over goods and/or services, merchandise or other non-financial issues.

     

    The Age of a Company

     

    How long has the company in question been in business? Typically, a company that has been operating for many years will be more financially savvy and adept at managing their finances than a young company. A young company could well be a very good credit risk, but their creditworthiness should be researched further. One way of doing this is to check the personal credit reports of the leaders for the company, which should offer insight into how diligent they are about handling accounts.

     

    Uniform Commercial Code (UCC) Filings

     

    Checking a UCC filings of the company will offer an insight into the leases and liens it has in place. Reviewing this section of the business credit report can offer clues on how credit is used by a company. Let us say this specific company has a high number of trade credit relationships with other businesses, or it has a number of assets being held as collateral on existing loans: this could well mean that the business is financially overextended.

     

    Do your research and take all of these factors into account before making the decision to add your own name to the list of creditors of the company.

     

    "

     

     

    How To Do Credit Check On Business

    "

    Why You Should Use a Business Credit Report Service

     

    It is irrelevant whether you are just starting out in business, or you own a small business, or perhaps you manage a large business that has been around for many years. In all of these circumstances a business credit report can help you grow your business. A business credit report is crucial when it comes to making financial decisions and ultimately running a financially successful enterprise. In fact, a business credit report is just as important as a personal credit report and, similar to a personal credit report, it can make or break your business.

     

    A loan is usually necessary for the growth and development of any business and, for those just starting out in business, borrowing money is vital for the business to function from one day to the next - that is, until the business begins to show a profit. Whether you are approved for a loan could well be determined by the information listed on your business credit report. You will be eligible to receive better loan terms and rates if your business credit is good, so being aware of this and staying on top of your business credit report can be key to the survival of your business .

     

    We have conducted a review of the best business credit report services to assist businesses in choosing a company that is capable of providing them with not only a business credit report but additional business credit services as well. In our opinion, Ansonia Credit Data is a top-quality business credit report company.

     

    What to Look for in a Business Credit Report

     

    Your Business Credit Score is determined the same way as your personal credit score. Your financial information, which includes information from lenders and suppliers, background information and legal filings, all help determine your business credit score. Your personal credit score contains information very similar to a Business Credit Score, however, this information is reported differently: a personal credit score is reported on a scale from 300 to 850; whereas a Business Credit Score is reported from 0 to 100.

     

    Generally, business credit report companies do much the same thing: they provide you with a business credit report which enables you to make informed financial decisions regarding your business. In addition, these companies also provide other business credit services, and the following criteria were taken into consideration when reviewing these business credit report companies -

     

    Business Credit Report Content

     

    The content contained within the business credit report is crucial when it comes to understanding what is affecting your credit score and your overall credit caliber. You should expect your business credit report to detail as much information as possible about the credit of your company. For example, the history and relevant information concerning your company should be included, together with the risk score. Also included should be risk factors, payment information, financial background, financial relationships, collection history and filings, and any inquiries that may have been made about your Business Credit Report.

     

    Credit Monitoring

     

    Similar to your personal credit score, your business credit score can alter very quickly, which explains why it is so important that you monitor your business credit. A good business credit reporting company will offer a variety of credit monitoring services to help you stay on top of what is showing on your Business Credit Report, in addition to determining if the information included is actually correct.

     

    A good business credit reporting company will offer credit monitoring features, like picking up any major changes to your credit or any fraudulent activity, in addition to information regarding enquiries from others about your business credit report.

     

    Identity Fraud Prevention

     

    Identity fraud is not only a problem that concerns individuals, it is also a problem for businesses. Crucial to protecting your credit score and preventing fraud is the protection of the identity of your business . A good business credit reporting company will offer identity fraud protection services, in addition to offering a business credit report. The services might include educational materials and identity protection that will ensure your business is protected from identity fraud.

     

    Business Solutions

     

    The best business credit report companies are capable of providing other business solutions to financially assist your business. Such as receivables portfolio management analysis.

     

    Help & Support

     

    It is very important that you receive help and support when you need it, particularly when it concerns your business credit report. For starters, in order to make correct financial decisions, you need to be able to read and understand exactly what your business credit report says about your business. You should have easy access to your A business credit report company, through email, telephone and an online contact form. In addition, you should have access to pertinent resources such as educational articles, and Frequently Asked Questions.

     

    A business credit report will assist you in making smart financial decisions, regardless of the size of your business. Simply understanding what your business credit report contains offers amazing peace of mind when applying for a business loan. Of course, additional business credit report services are extremely advantageous when they offer protection for the identity of your business and assist by monitoring your business credit.

     

     

    "

     

    You Can Find More Information at  Businesscreditreportscore.com and at Business Credit Reports at constructioncreditreport.net

    Call Us Today at: 1-855-267-6642

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