- Credit score: For your business, there’s two brand of fico scores you to definitely number – your business credit file and your FICO credit rating.
- A business credit rating – that is associated with your boss character count (EIN) – will be inserted which have Equifax, Experian, otherwise Dun & Bradstreet. Each company has its own style of calculating company credit ratings. Such as for instance, Experian considers things such borrowing use, how big your organization, time in organization, public information, therefore the user’s private credit score to assess a rating regarding step one so you can one hundred.
- A FICO score can be your private credit score, which selections out-of 300 to help you 850. The fresh new FICO credit rating was tied to your own Public Protection count and you can calculated from the around three credit reporting bureaus: Equifax, Experian and TransUnion. An excellent FICO credit history is computed playing with numerous activities, together with financial obligation fees background, outstanding debts, amount of credit rating, and you can whether or not you may have one the newest lines of credit open.
Tip: Before you apply for a financial loan, feedback your credit history regarding TransUnion, Equifax and you will Experian to determine any problems that’ll adversely feeling the score. If you learn any, get in touch with the businesses to have it repaired. Continua a leggere
