An objective, accurate business credit report provides access to critical information needed for making informed financial business decisions about whom you do business with and at what price. The chart below presents what data might be available and how it helps:
What you get: |
How it helps: |
| Business background information |
Decide whether to do business with a company |
| Comprehensive financial information |
Assess business risk of extending terms and credit levels |
| Credit risk factors |
Avoid surprises from current customers when you review them for credit increases |
| Banking, trade and collection history |
Know what to expect based on an account's historical business practices |
| Past liens, judgments, business registrations and bankruptcies |
Quickly determine whether you can confidently make a credit decision concerning a new customer or if further investigation is needed |
| Uniform Commercial Code (UCC) filings |
Determine your credit position relative to other creditor positions that may already be in place |