Staying on top of your business credit score is one of the most important pieces of getting business credit. If you don’t know what your business credit profile has on it, then how can you expect to have good business credit and have banks willing to lend money to your business? Here we will cover how to check business credit online at the three main bureaus that monitor and track business credit scores and profiles. These 3 companies are Dun and Bradstreet, Experian and Equifax.
Dun and Bradstreet
- For Dun and Bradstreet, go to the iUpdate website at: https://iupdate.dnb.com.
- Click Start Now.
- Type in your company name and address and search.
If your company is listed, register to use iUpdate to view/make changes to your business credit profile for free.
- For Experian, just visit their business site at: http://www.experian.com/small-business/business-credit.jsp
- Type in Name of Business and Address and click Search.
The results page will tell you if you have a business credit profile with experian and if you have tradelines reporting payment history or not. If you want to learn more, then you would have to pay experian their fee. It is still good to know if you have a business credit report with them and if you have tradelines though, because having a business credit profile is better than not having one.
- Jump over to www.equifax.com/small-business/credit-report/en_sb
- Search for your company
You’ll be able to see that whether you have a profile or not. But will not be able to see the profile without paying Equifax for their small business reports.
Once you receive your business credit reports, its time to take a look at what’s inside. Print them out and start to review them for accuracy and negative items, if you find any inaccurate information it’s important to report those items directly to the business credit bureau to avoid any negative effects on your business credit report. Some of the bureaus, like Dun and Bradstreet, allow you to dispute items directly on the phone instead of in writing. Others may require that you submit a written request either online or via mail. Keep track of the actions you’ve taken and the dates that you’ve submitted such requests.
Get to know the ins and outs of the different credit bureau rating systems. You can look at sample reports from each of the three companies or call in and speak to a representative about how they rate companies and where you stand. Just be aware that many of the representatives may try to sell you something!
Advanced Tips & Getting a Good Business Credit Score
Some Advanced Notes
(For Members of BCW Online):
If you need additional help getting business credit, please give us a call at (888) 218-6354 for a free business credit consultation. We will work with you 1on1, with local lenders in your area to meet your business needs. (We have many references available).