Good knowledge of your business prospects, customers, and vendors helps in making decisions concerning your business to help it grow and be more successful. In the same way, you need to ensure the business credit report is accurate as it will unlock many financing opportunities to make your business run smoothly and more successful. However, how long do you stay without checking your business credit report? What affects your business credit report both negatively and positively? What is a net 30 account? And does it follow through your business credit report like other lenders? These questions and others are some you need to follow through to understand your business credit report best. Below is a guideline on how to order your business credit report.
Visit the right website
To order your business credit report, you need to ensure that you get the correct website. Still, you can get it from some banks. However, there is an appropriate and easy way to get this information, by checking credit bureau websites. Some of these credit bureaus are Experian Business, Equifax small business, and Dun & Bradstreet. Consult business experts if you are unsure of where to check your credit report to get advice on which one to choose.
Enter your business information
Once you get the correct website to order your credit report, enter the name of your company or your business. Do this by clicking on the small business link, and another link will lead you to where to obtain your report as it will link you further on where you will verify your business information. In case you have to enter your business name, do so and verify that information. If your business name is common. Give additional information, like the geographical location of your business, to get the right report.
Pay for the report
Although most personal credits are obtained for free at least once a year. It is not the same as acquiring a business credit report for your business. For this, you have to pay before you can access and check them. The options for these are, you can sign up for yearly reports or pay for one time only depending on the one that you favor. So, you have to choose the option you prefer to pay and click on it. To complete the process, you have to enter your name, credit number and update any information required. Afterward, you can view your business credit that is available online, or if you prefer request them to send it to your business email.
Review your report
A good business owner will not obtain their report for the sake of it. It is best to examine it and check for any fraudulent activity or a sign of a misdemeanor. In case you notice any out of the ordinary activity. It is important to get in touch with the authorities from the credit bureaus. Responsible authorities also provide their number on their website page, and you can communicate with them with ease. Notably, sorting any irregularity is a healthy way to protect your business and your credit score for future business ventures.
Check from another credit bureau
Although getting false information is rare from the credit bureau you choose. It is okay sometimes to cross-check your report with a different credit bureau to ensure they are similar. Once you do this, ensure that you have all the copies of the reports you get from when you started. This will come in handy when you require proof if you are in dispute with a credit company or a credit bureau. Also, these copies will help you know where your score is and if your business is creditworthy.
In conclusion, business credit reports play a crucial role in your business. Therefore, as a business owner, you need to know how to order your credit report. This will help you check for any errors that may affect your business negatively as they will lower your business credit score, which has many benefits for your business. The above steps will come in handy on how to go about ordering your business credit report especially if you are a first timer.