Post on 18-Dec-2015
transcript
How to Read the Equifax Commercial Credit
Report
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Commercial Credit Report• Delivers detailed information on businesses for risk
assessment– Banking and leasing payment information– Trade credit history– Public records– Firmographics
• Includes Related Files (complimentary value-add)– List of businesses potentially associated with the
business owner or principal submitted upon inquiry– Option to purchase corresponding credit report
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Report At-A-Glance
Credit Usage
Inquiry Alerts
Payment Trends
Scores/Suggested Credit Limit
Public Records
Credit Summary
Company Profile
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Company Profile• Firmographics – business name,
address, telephone, tax ID number, SIC, NAICS, ownership type, annual sales, number of employees, business type, location type, established date
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Inquiry Alerts• Inquiry Alerts – reports
variances between input versus file information
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Scores/Risk Class/SCL• Credit Risk Scores – commercial
data option or blended option with principal (consumer) data
• Business Failure Score – predicts likelihood of business failure
• Risk Class – risk ranking and description
• Suggested Credit Limit – recommended credit limit amount
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Payment Index• The Payment Index is a numeric
measurement of the past and present payment habits of a business.
– Business Account Payment Index - based on the payment habits of the company for which an inquiry was submitted
– Industry Payment Index – based on the payment habits of the industry to which the company inquired upon belongs.
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Decisioning Detail• Provides score plus up to four reason codes
indicating reason for the score and score definition
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Public Records• Includes judgments, liens,
bankruptcies and business registrations
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Public Record Detail
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Credit Report Summary• Provides key summarizations of
overall file content, and breaks activity into financial and non-financial segments
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Financial Credit Usage• Details the credit limit, total
balance and available credit of open credit lines from financial institutions
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Recent Trend/DaysBeyond Terms• Displays the average days beyond
terms in a recent trend and on a month-by-month basis
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Financial Account Highlights• Provides high-level information for each financial
account on the credit file
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Non-Financial Account Highlights• Provides high-level information for each non-
financial account on the credit file
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Financial Account Detail
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Non-Financial Account Detail
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Additional Information• Provides alternate names, addresses, phone
numbers, tax IDs and SIC/NAICS codes on the business
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Additional Information (continued)• Also provides owner/guarantor information,
business and credit grantor comments and inquiries
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Contact Us• Provides address, phone and email to request
additional information or file a dispute