FairFigure

FairFigure Review: Is it Really That Easy to Build Business Credit?

I first discovered FairFigure when writing up my most recent post, a comprehensive Fidextech review. I found it so interesting that I put it at the top of the list to research next. Now, here’s everything I know.

Let’s take a look at what FairFigure is, see an overview of company leadership, and explore the features of the card in detail.

This is what’s in store:

What is FairFigure?
- Company Overview
FairFigure Capital Card Features
FairFigure Partnership Opportunity
Conclusion: Is FairFigure Legit?

Now, let’s roll!

What is FairFigure?

FairFigure is a platform designed to help small business owners build, monitor, and improve your business credit. They offer a service that allows you to track both your business and consumer credit scores in real time. It includes features like a Business Credit Correct tool that helps identify and fix incorrect information.

FairFigure also offers the FairFigure Business Capital Card, which you can use to get funding without personal credit checks or personal guarantees.

Key features include:

Business and consumer credit monitoring.
FairFigure Capital Card that helps build credit while providing same-day funding.
Payment reporting to commercial credit bureaus.
Identity Theft Protection and Darknet Scanner to help secure your company.

With FairFigure, there are no personal credit checks for funding or credit applications, since they rely on business EINs instead. The company positions itself as a tool to help businesses grow by helping them improve credit scores and secure better funding options.

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Company Overview

FairFigure Capital LLC is a Fort Lauderdale-based company that was founded in 2021 by Dana Angelino. Angelino happens to own and co-own several other companies, including numerous net 30 offers that help people build business credit.

His other businesses include:

Crown Office Supplies
Shirtsy
Signsy
Greentees
Coconut Bikinis
A few others

So, FairFigure’s founder is as informed as anyone could be about the business credit building market and net 30 offers. Other than a bank executive, I can’t think of a better background for a business credit builder company leader.

While FairFigure is not Better Business Bureau-accredited, they have an A- rating on the platform, with minimal complaints and a handful of positive reviews from satisfied users.

I didn’t find any FairFigure reviews on Trustpilot, mentions on Reddit, or staff reviews on Glassdoor. Most of the reviews I did find appeared to be affiliate reviews, so I assume they were somewhat biased.

Without ever having applied for the card myself, I can only say that, if I were a betting man, I would wager that the company is trustworthy based on what I know about its leadership.

With that said, I did notice something about the offer that is quite misleading. FairFigure claims to offer cashback on card purchases.

However, while I was searching for the cashback amount, I came across a blog post on the official website that states: “Instead of cash back, [the FairFigure Capital Card] benefits primarily revolve around your credit.”

I’m not a fan of deceptive messaging or brands with a lack of transparency, so this doesn’t sit so well with me. But, even without cashback, the offer is worth taking a look at.

You might also like: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors]

FairFigure Capital Card Features

The FairFigure Capital Card is a “no PG” (no personal guarantee) business credit builder card. It lets you apply using your company’s EIN, which allows you to build business credit without personal credit checks or guarantees.

The card offers:

Flexible four or eight week repayment terms.
Credit monitoring tools.
Identity theft protection.
Reporting to commercial credit bureaus.

Moreover, it provides funding based on business revenue and reports payments to key business credit bureaus, which helps boost your credit score. Ultimately, it’s designed to separate personal and business finances, which makes it practical for small businesses that want to build credit and access funding.

Note, funds must be repaid in full within the payback terms you choose—It’s more like a corporate card, not a credit card.

1. No Personal Guarantee

You don’t have to worry about personal credit checks or guarantees when you apply for the FairFigure Card—This keeps your personal and business finances separate, which reduces the risk to your personal credit score and assets.

No PG business credit offers are perfect for businesses that want to build credit solely through their EIN.

You might also like: Here’s How to [Actually] Get Business Credit With Just an EIN +More Options

2. Adjustable Spending Limits

Your spending limit with FairFigure is based on your business revenue. For example, if your business meets the qualifications, you could start with a $1,000 limit. As your revenue grows, so does your spending power.

So, if your business brings in $10K in monthly revenue, you might qualify for an $8K limit. The scalability allows you to extent your purchasing power as your business expands and gives you access to more capital when needed.

3. Net 30 or Net 60 Repayment Terms

Net 30 or net 60 terms refer to how much time you have to pay back what you’ve borrowed. With FairFigure’s card, you can choose either 30 or 60 days to pay your balance in full.

If you choose net 30, you’ll need to pay off your card in full within 30 days of making a purchase. And, if you choose net 60, you have 60 days.

4. Personal and Business Credit Monitoring

For $30 per month, FairFigure offers business credit monitoring that helps you track your financial health.

FairFigure monitors business credit scores from:

Fundex
CreditSafe
Equifax

And, provides consumer credit monitoring from:

Equifax
Transunion
Experian

This service not only keeps you updated on your credit scores but also reports your $30 monthly subscription as a separate vendor tradeline.

So, paying for the monitoring service helps build your credit faster by adding an extra positive payment to your business credit report.

5. Identity Theft Protection

With the $30 credit monitoring subscription, FairFigure includes $1 million in identity theft protection to safeguard your business. You’ll also benefit from a Darknet scanner that alerts you if your business’s sensitive information is exposed.

With this added security, you can focus on growing your business without the worry of identity theft.

6. Reporting to Business Credit Bureaus

According to FairFigure’s official website, they report data to:

Equifax Commercial
CreditSafe USA
SBFE
Their own Foundation Report

So, you can get your credit monitoring and FairFigure card payments reported to these bureaus.

However, there is no current indication that FairFigure reports to Experian Business or Dun & Bradstreet. This may change, so it’s a good idea to check their official website for the most up-to-date information.

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FairFigure Partnership Opportunity

Again, I first learned about FairFigure through Fidextech, a web design and marketing agency that offers FairFigure net 30 terms to their clients, which caught my attention.

Through the affiliate program, you can earn up to $120 for each client or customer who signs up and is approved for the FairFigure Capital card. The card allows you to offer net 30 terms to your clients who can then pay you while building positive payment histories.

The program supports new businesses by establishing their profiles with credit bureaus and helps most business owners get approved for at least $1,000 in initial funding.

You might also like: A Complete Fundwise Capital Review: Should You Use Their Business Funding Services?

Conclusion: Is FairFigure Legit?

So, can you really build business credit that easily with FairFigure? It’s a bit more complex than a simple yes or no. While FairFigure offers two tradelines—the Capital Card and the monitoring service—these alone may not be enough to significantly boost your business credit.

Still, you can use the FairFigure card to pay your other tradelines, which might be super helpful. Keep in mind that paying $30 for credit monitoring is optional and may not be necessary on the business credit building journey; there are other ways to track your credit without this added expense.

Ultimately, FairFigure provides some solid tools, but building substantial business credit often requires more than just these offerings. Consider your options carefully before you dive in.

Want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

Fidextech Net 30 Review: Can it Help Build Business Credit?

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Historically, business credit building with net 30 terms has been reserved for vendors that sell business and office supplies or fuel cards. But, in the age of the internet, digital services like Fidextech have started to offer net 30 terms and business credit building opportunities.

Unfortunately, not all offers are created equal. It’s important to understand exactly what you’re getting when you sign up for an offer that promises to help you build business credit. Find out whether or not enlisting Fidextech for your digital creative needs will help you meet your goals.

This is what’s in store:

What is Fidextech?
- Fidextech Company Overview
Fidextech Features
Fidextech Net 30 Overview
- What Credit Bureau(s) Does Fidextech Report to?
- How Do You Cancel a Fidextech Account?
Conclusion: Is Fidextech Legit for Business Credit Building?

Now, let’s dive in!

What is Fidextech?

Fidextech is an NYC metro area digital design studio that offers a range of offers that aim to help businesses grow.

Their services include:

Digital marketing
Creative works & design
Web packages
Hosting
Product photography

As a bonus, they offer net 30 terms, which means you can pay your balance within 30 days – you don’t necessarily have to pay right away. In some cases, net 30 vendors can help you build business credit, which is a great way to get the capital you need to grow your business. I’ll share more on that later.

You might also like: The CEO Creative Net 30 Review: Is it Worth Your Time?

Fidextech Company Overview

Fidextech LLC is a Madison, New Jersey-based business services agency that was founded in 2017 and registered in September, 2020. Multiple sources cite the company as having ten or fewer employees.

The only human name I found to be affiliated with the company is Jeff Cyprien. On LinkedIn, he’s known as “Jeff C.” and lists himself as the Managing Director of the company.

Cyprien’s previous experience includes a few years as a Quality Assurance Automation Engineer at Verizon and Newtech and a few years as a Customer Service Social Media Associate at Conduent. I can’t say for sure that Cyprien is Fdextech’s founder, but it appears that is the most likely case.

While I couldn’t find a Better Business Bureau profile for the company, and nobody has mentioned them on Reddit, Fidextech is listed on Trustpilot. Of their 10 reviews on the platform, most of them are positive, yet their TrustScore is a middling 3.2. One user reports “very rude” customer service, while the rest of the feedback is pretty positive.

Overall, there’s a lack of transparency, which leaves me without enough information to give you any sort of opinion on the company’s legitimacy. If anything, I might say that their website and offer is deceivingly professional looking without enough trust signals.

You might also like: The Growegy Net 30 Account: Is it a Legitimate Offer?

Fidextech Features

Now, for the offer. If you sign up with Fidextech, this is what you can likely expect, based on the website and advertising.

1. Digital Marketing

The lower Domain Rating of Fidextech’s website (3.3 out of 100, according to Ahrefs) suggests that they may not have so-called “expert” SEO marketing skills. Or, to be fair, maybe they don’t implement their skills to the fullest for their own brand…

To double-check my initial assumption, I decided to peek in at a couple of their digital marketing clients’ websites at random:

prophecyhomecare.com
savorird.com

The first has low ranking metrics and the latter isn’t reachable, as of mid-September 20204. So, I don’t see any sign that they can deliver on the digital marketing offer.

Fidextech also offers digital marketing consultation. I wouldn’t be any more eager to hire them for this than I would marketing implementation.

2. Creative Works & Design

I won’t be so hard on Fidextech in the creative works and design arena—the few client websites I was able to pull up at were aesthetically appealing. And, if the brand’s own website is a testament to the agency’s skills, I would say they at least know what they’re doing in the way of web design.

However, their work examples were out of date when I viewed them. Several of the websites in the Fidextech case studies section were no longer live when I tried to view them.

3. Web Packages

If you sign up for a web package, Fidextech promises to help you with eCommerce (online shopping), CMS web design (WordPress), web development, and web support.

This means you can get help designing, redesigning, or migrating your website. You’ll need to request a quote to find out how much a customized package will cost.

4. Hosting & Domain Registration

Fidextech also offers shared and cloud hosting, dedicated server space, domain name registration, and hosting support. This can be really helpful if you’re not technologically inclined.

They offer the following domains for registration:

.com
.tech
.club
.blog

The main problem with relying on someone else for these types of services is that they might end up being the one in control of your account. But, this can be a good thing if that’s what you prefer.

5. Product Photography

Finally, Fidextech advertises product photography services. If you need help with food photography, eCommerce or advertising product photography, or still life photography, this could be a great add-on service.

Usually, specialized photography is a standalone offer that requires you hire someone separate from your web developer or take your own website photos. So, this service might give Fidextech an edge. Sadly, I couldn’t find examples of their photo quality, so I can’t recommend this service either.

6. Dedicated Account Dashboard

It’s interesting that Fidextech offers an account dashboard for a marketing services offer. At first, it seemed more like a project tracking dashboard, but I noticed you can add services once you’re logged in.

You can register, renew, and transfer website domains without speaking to anyone at the company from inside your Fidextech dashboard…Proceed with caution because it’s impossible to say how reliable this platform’s hosting is.

Fidextech Net 30 Overview

Fidextech offers net 30 terms to “approved” customers. In this case, it appears as though you would need to be approved for the FairFigure card, which is a business credit builder offered by a third party.

So, you’ll need:

A legally established entity.
An EIN.
A business bank account that connects to Plaid.
Probably at least $2.5K in monthly revenue.

I’ve read that most businesses that apply will qualify for an initial limit of $1000 on the FairFigure card. After you’re approved, you’ll be able to pay for your Fidextech digital services with the dedicated card and pay later with net 30 terms.

The FairFigure Review is coming soon, so sign up for our emails or come back soon to learn more.

What Credit Bureau(s) Does Fidextech Report to?

Fidextech net 30 business credit reporting through FairFigure

Most business net 30 accounts that offer reporting will report directly to a business credit bureau or multiple bureaus like Experian Business, Equifax Commercial, or Dun & Bradstreet. As of September 2024, Fidextech currently reports account payments to FairFigure, which is a newer credit building platform, NOT a business credit bureau.

According to FairFigure’s official website, they report data to Equifax Commercial, CreditSafe USA, SBFE, and their own Foundation Report. So, through Fidextech (if they hold up their end of the bargain), you may be able to get on-time payments reported to these bureaus through the third party service.

There is no indication that your payments to Fidextech will be reported to Experian Business nor Dun & Bradstreet—This may change, so check the official website for the most up-to-date information.

How Do You Cancel a Fidextech Account?

To cancel your Fidextech account, provide a 30-day notice via phone at (877) 353-5223 or make an appointment via the Fidex.tech contact form. Access to products will be suspended upon termination.

According to their terms, you may be able to terminate immediately if Fidextech becomes insolvent or breaches the contract.

You can request a refund for clear balances in your advance account, unless you violated the agreement. Refunds will be processed within 14 business days, minus bank fees.

Payments during a trial period or already debited amounts are non-refundable. Follow Fidextech’s guidelines for proper cancellation and refunds.

You might also like: Office Garner Review – NET 30 Vendor

Conclusion: Is Fidextech Legit for Business Credit Building?

While Fidextech offers an intriguing opportunity for businesses seeking to build credit through net 30 terms, potential users should approach with caution. The range of services—from digital marketing to product photography—presents a comprehensive package, but the company’s transparency and customer service reviews raise concerns.

The lack of a solid track record, coupled with limited information on its business credit reporting practices, makes it crucial for you to weigh the pros and cons carefully.

Before you commit to anything, make sure you fully understand the terms and your eligibility for the FairFigure card, as well as the implications of relying on a third-party credit builder.

Do you want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!