From the course: Credit Secrets for Entrepreneurs

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Overview of business and personal credit differences

Overview of business and personal credit differences

From the course: Credit Secrets for Entrepreneurs

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Overview of business and personal credit differences

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- So let's talk about what goes into a business credit report. If you were to obtain your business credit report from Experian, Equifax, or Dun & Bradstreet, you're going to find some basic information about your business. You'll find when it was started, the address, and the type of business you're in. And then you're going to see a large section that will deal with payment history. If you have accounts that report to the business credit bureaus, payment history will be the bulk of your credit report, and that's always the most important part of any credit report, whether it's consumer or small business. Again, the most important part of the report is account history, and whether bills have been paid on time or not. There will also be a section that summarizes any public record information. This could be information about whether your business has tax liens, judgments, collection accounts, bankruptcies, et cetera.…

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