Business Credit Bureaus
The majority of us can easily identify with the three major consumer credit reporting agencies known as Equifax, Transunion, and Experian. These are privately held companies that specialize in collecting data on consumers and then compiling the data in a format known as a credit report.
Did you know that there are companies that collect data specifically on businesses? These privately held companies are known as business credit reporting agencies and they compile their data into formats called business credit reports. They collect data from banks, suppliers, finance companies, business owners, and look at public records such as tax liens, bankruptcies, and judgments.
It’s important for you to get your company listed because it can make the process of establishing business credit and financing much easier but keep in mind that there is over 25 other business credit bureaus not listed here and some are even industry specific such as trucking or construction. You may want to look into some of these particular bureaus to get listed with in addition to the top 10 depending on the type of industry your business is in.
Here are my Top 10 Business Credit Bureaus you should know.
1. Dun and Bradstreet (D&B)
D&B is the primary business credit reporting agency with over 70 million businesses registered in their database. A business credit file with D&B contains information provided by the business owner and vendors of the business. D&B issues a paydex score based on payment experiences and a DUNS rating based on financials. Its business credit builder program is a great way for business owners to add trade references to their file in a short period of time.
2. Equifax Small Business Enterprise
Small Business Equifax, one of the three primary consumer credit reporting agencies, also provides business credit evaluations for over 22,000,000 small businesses and corporations.
3. Experian SmartBusinessReportsTM
Experian business is another one of the three primary consumer credit reporting agencies who provides business credit evaluations as well. SmartBusinessReports assigns a business credit score called the Intelliscore.
4. FDInsight™
This is a company that is relatively new to the business credit market. It was originally the second largest credit reporting company in the mortgage broker field. The information on their business files is provided by the business owner or a third party and then every piece of information is verified by the staff of FDInsight™. They are known to provide the most accurate business credit report in the industry.
5. Credit.net
Credit.net is a division of InfoUSA® that generates credit reports on approximately 15,000,000 businesses. The credit analysis provided by Credit.net relies on four criteria: years in business, number of employees, public records, and stability within the industry. Its business credit score is a grading system from A through C (70-100) and is awarded as an evaluation of the company’s credit history.
6. AccurintTMBusiness
This is a new business that is a combination of forces between The Better Business Bureau (BBB) and LexisNexis. Accurint Business is like Business Experian in that they provide public and business profile information, including credit history based on payment patterns of small, medium, and large companies.
7. ClientChecker
This is a business credit bureau that started in 2003 and specifically targets small businesses, freelance professionals, and contractors searching for information to help them determine which other businesses they should do business with. Rather than providing a fixed business credit score, ClientChecker compiles information based on feedback from its members.
8. Paynet
Paynet collects real-time loan information from more than 200 leading U.S. lenders. The company’s database has a collection of commercial loans and leases. It’s the largest proprietary database of long-term debt over a period of ten years.
9. Cortera
Cortera provides credit information on businesses large and small but then combines it with ratings from a community of small business owners, who provide feedback both good and bad on these businesses.
10. ChexSystems
The tenth reporting agency is extremely important as it has to do with your ability to open up a business checking account with a financial institution. Banks use a reporting agency known as ChexSystems which is a network comprised of member Financial Institutions that regularly contribute information on mishandled checking and savings accounts to a central location.
These business credit bureaus allow your business to establish its own credit profile, scores, and payment history. As a business owner you should know who the major business credit reporting agencies are and what type of data they collect on your business. Knowing this will give you greater insight into getting listed and established in the business credit industry.
To Your Business Credit Success!
Read to get listed with the three major business credit bureaus? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to vendor lines of credit, fleet cards, business credit cards with and without a PG, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free audio seminar ($597 value) =>
About the Author 
Marco Carbajo is a corporate credit specialist, author, speaker, and founder of the Business Credit Insiders Circle. A business credit building system that helps business owners build small business credit. He is a weekly columnist for Dun & Bradstreet Small Business Solutions, a business credit blogger for All Business & American Express Small Business and author of “Eight Steps to Ultimate Business Credit” and “How to Build Business Credit with No Personal Guarantee.” His articles and blogs have also been featured in Business Week, The Washington Post, The San Francisco Tribune, Scotsman Guide, Alltop, Entrepreneur Connect, and Active Rain.
November 24th, 2009 at 4:09 am
Will money be taken from my taxes because I have a student loan?
November 24th, 2009 at 11:19 am
If you default on a loan with a creditor they can sue you for the unpaid debt and if a judge awards them a default judgement against you then they can seize monies you may receive from personal tax returns or garnish wages and even seize funds available in your bank accounts.
Hope that helps you.
November 28th, 2009 at 7:05 am
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November 28th, 2009 at 4:46 pm
Thank you for the feedback!
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December 9th, 2009 at 5:59 pm
Dear Author http://www.businesscreditblogger.com !
The authoritative answer, cognitively…
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December 22nd, 2009 at 6:59 am
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December 25th, 2009 at 7:10 am
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January 11th, 2010 at 5:58 am
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January 18th, 2010 at 4:09 pm
I admit, I have not been on this your blog in a long time… all the same it was another happy to see It is such necessary topic and to avoided by so many, even proficient. I thank you to advice making people more informed of possible problems.
January 19th, 2010 at 11:41 am
Thankyou for the feedback! I have an account on twitter @marcocarbajo. Check it out
January 20th, 2010 at 11:11 pm
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Alena
http://smallbusinessgrant.info
February 1st, 2010 at 11:16 am
nice article…one thing though
Experian does assign an intelliscore
which does affect approvals for companies that pull Exp
GM backed accounts and bill me later pull Experian business
February 1st, 2010 at 2:13 pm
Excellent point Marc! Your feedback is always appreciated. Always great to hear from a fellow business credit advocate. By the way keep up the great work on your end as well.
All the best!
Marco
February 1st, 2010 at 5:52 pm
yea
no problem marco..
always glad to see more people doing what needs to be done…
keep up the great work as well
marc
April 5th, 2010 at 12:45 pm
I’m impressed! It’s good to see someone very about what they do. Looking forward to future posts.Cheers!
April 5th, 2010 at 3:11 pm
I’m impressed! It’s nice to see someone very passionate about what they do. Trust all your future posts turn out as well.Thanks!
April 19th, 2010 at 12:40 am
I enjoy checking in daily to see your writings. I have your page bookmarked on my favorite read list!
July 31st, 2010 at 7:13 am
Can you get a free copy of your business credit report like you can with your personal consumer credit report?
August 2nd, 2010 at 5:40 pm
You can check to see that your business is listed with the major business credit bureaus like DNB, Corporate Experian and Small Business Equifax but you will need to pay a small fee to order a full report. However, DNB provides you access to eupdate which allows you to view your file at no cost. If you have a DUNs number but no edupate you can go to https://eupdate.dnb.com/ to register.
All the best,
Marco
August 25th, 2010 at 9:53 am
Marco thanks such a great deal for listing all this information below, what a time saver!