There are three major business credit bureaus, Dun & Bradstreet, Equifax and Experian, that provide business credit scores.
Dun & Bradstreet measures a company’s risk using a Paydex score, which ranges from 0 to 100, and mirrors a company’s payment data. Experian offers a CreditScore report, also ranging from 0 to 100, which includes a business credit score, payment trends, public records and account histories. Equifax assigns three different scores to a company. The first is a credit risk score, ranging from 100 to 992, which analyzes your company’s credit history.
The second is a “payment index,” ranging from 0 to 100, which determines the likelihood of your business becoming delinquent on payments. The third is a “business failure score,” ranging from 1,000 to 1,880, which assesses the risk of a company going bankrupt.
As you can see, all of these credit scores rely on the payment history a company has with its previous suppliers, creditors, and lenders. Therefore, having records of timely payments will help establish a good score.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.