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You are here: Home / Business Credit / Business Credit Repair:Is Your Business Credit Report Less Than Perfect?

Business Credit Repair:Is Your Business Credit Report Less Than Perfect?

April 19, 2010 By Marco Carbajo

Business Credit Repair

 

In today’s challenging economy, business owners should be diligent in protecting and, if necessary, repairing their business credit reports.

Unfortunately there’s not much helpful information regarding business credit repair and how you go about correcting errors, inaccuracies or obsolete information on your files with the three main business credit bureaus.

Just the other day one of my members was debating whether to purchase a shelf corporation or work on his existing entity which had two derogatory marks on its DNB file.

He felt it would be much easier to start over instead of working on repairing his existing file because he had no idea of how to go about correcting it.

I suggested he follow some simple steps to initiate an investigation and after one business day his file was updated and the negative marks were both deleted on his file.

This is why it’s so important to monitor your files because the only one who is policing them and ensuring that the data being reported is accurate is you!

There are currently no laws that protect business owners from unfair business credit reporting, like the Fair Credit Reporting Act does for consumers.  Business credit repair starts with you and in order to help you I’ve put together several steps you will need to take to initiate an investigation with the business credit bureaus.

Dun & Bradstreet

DNB’s eUpdate enables you to view your business credit report and edit your information all online. If you uncover a derogatory mark that is inaccurate then you will need to contact D&B at 888-814-1435 to request an investigation. They are very fast to respond and I have found that once they complete an investigation the results are updated on your files quickly.

Equifax Small Business

If your business has a profile listed with Equifax Small Business you can get a copy by contacting them and supplying the member (business) name of a company that plans to pull your business credit report. Keep in mind that Business Equifax will provide you a copy of your report ONLY if you supply them with a member name.

Another option to obtain your report is if you have been declined credit based on a member pulling your report.  You can contact Business Equifax at 1-800-727-8495

After reviewing your file and if you identify errors that you want to correct then complete the research request form which is provided with your Equifax Business Credit Report. Simply fill out the form and submit it via fax or mail to initiate an investigation.

Corporate Experian

You can order your business file at Smart Business Reports and once you locate any items that you want to dispute call Corporate Experian at 888-808-8242. The dispute process with them is simple and less time intensive then most people are led to believe.

So I encourage you to be diligent with monitoring your business credit files and use this business credit repair information to guide you through the process if you uncover any negative items in question.

To your business credit success!

Looking to rebuild your business credit? 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 premium vendors, business credit cards, 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 CarbajoMarco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. A  corporate credit builder membership helping 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. 

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Filed Under: Business Credit Tagged With: business credit repair, business credit report, business credit reports

Comments

  1. Marco Carbajo says

    April 21, 2010 at 7:47 am

    Exactly! Appreciate the feedback and always great to hear from you. 🙂

  2. Marco Carbajo says

    May 2, 2010 at 1:49 pm

    Thanks for the feedback and great to have you as a reader. 🙂

  3. Marco Carbajo says

    July 6, 2010 at 10:23 am

    Thanks Nicole and glad the information was helpful to you.

    All the best,

    Marco 🙂

  4. Marco Carbajo says

    July 17, 2010 at 2:20 pm

    Your welcome Dorethea, you may also want to check http://www.ucan2credit.com for personal credit restoration. I have been using this service for my clients for over ten years.

    All the best,

    Maco 🙂

  5. Marco Carbajo says

    August 25, 2010 at 1:10 pm

    Hi Altetha! You may want to check out http://www.ucan2credit.com for credit restoration. Have any questions
    let me know.

    Best of success!

    Marco 🙂

  6. Marco Carbajo says

    November 15, 2010 at 6:59 pm

    Thank you for the feedback Matthew. Will send you an email to touch base.

    All the best,

    Marco 🙂

  7. Marco Carbajo says

    November 20, 2010 at 7:51 pm

    Hi Andera,

    You can always work to rebuild your credit history. Check out my post regarding consumer credit repair. There’s also ways to raise your credit scores by using companies that grant personal lines of credit.

    All the best,

    Marco 🙂

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