From the course: Credit Secrets for Entrepreneurs
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Lack of data
From the course: Credit Secrets for Entrepreneurs
Lack of data
- I want to share with you the top three business credit challenges I see from the more than 500,000 small business owners. These challenges are lack of credit data, negative information, and wrong information. So let's help you address those. You aren't stymied in your efforts to build business credit. The first is lack of data. Again, not all companies report to business credit. So you're going to use the reference guide I've provided to you to find companies that report so you can build positive business credit references. If your business goes to collections, you may find collection accounts in your credit reports. Just like your consumer credit, this information is not always accurate and it's not always up-to-date. If you find one on your reports, you really want to check it out and determine how to resolve it. Also make sure it doesn't belong to a different business that's just bed mixed up with yours. UCC…
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