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What It Is & How It Works

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PAYDEX® Score: This score measures your payment performance, with a higher score indicating a better payment history.
2. Delinquency Score: This score predicts the likelihood of your business becoming delinquent on payments in the next 12 months.
3. Failure Score: This score predicts the likelihood of your business failing within the next 12 months.
4. D&B Rating: This rating reflects the overall financial health of your business.
5. Financial Stress Score: This score predicts the likelihood of your business experiencing financial stress in the next 12 months.

Legal Events
The legal events section of a D&B credit report includes information on any lawsuits, liens, judgments, or UCC filings involving your business. This information can be crucial for potential creditors or partners in assessing the legal risks associated with working with your company.
Legal events section of a D&B profile. (Source: Dun & Bradstreet)

Overall, a D&B credit report provides a comprehensive overview of a business’s creditworthiness and financial health, allowing creditors, partners, and vendors to make informed decisions when working with the company. It is essential for businesses to monitor their credit reports regularly and take steps to improve their credit scores to maintain a positive reputation in the business world. A D&B credit report is beneficial for businesses looking to assess their creditworthiness, understand their financial standing, and demonstrate credibility to potential lenders or partners. The report provides valuable information such as viability ratings, delinquency scores, failure scores, PAYDEX scores, D&B ratings, trade payments, ownership details, legal events, special events, financials, federal information, and web & social activity. This comprehensive overview helps businesses make informed decisions, manage risks, and build trust with stakeholders. However, it’s important to note that rumored events reported in the news do not impact a D&B credit score. Overall, a D&B credit report is a valuable tool for businesses looking to understand and improve their financial health.

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Why You Need a D&B Credit Report for Your Business

Having a Dun & Bradstreet (D&B) credit report can be incredibly beneficial for your business. This includes leveraging your profile for better lending terms, payment schedules, and more. Here’s why it may be essential for your company:

1. Building Credit Profile

If your business is looking to establish its credit profile, having a D&B credit profile can help, even if you currently have little to none. This can be crucial for future financing opportunities and building credibility with lenders.

2. Financing Opportunities

Lenders often rely on D&B credit reports to determine the creditworthiness of a business. Your demonstrated financial history can significantly impact your chances of approval for small business loans. It is essential to meet small business loan requirements, and having a strong D&B credit report can be a significant advantage.

3. Working with Vendors

When working with vendors or other partners, your established payment history can provide you with leverage to negotiate better terms. By showcasing a positive credit profile through your D&B report, you can build trust and improve your relationships with suppliers and partners.

How to Obtain a D&B Report

Getting a D&B credit report is a straightforward process that all businesses can access. Here’s how you can obtain your report:

Step 1: Get a DUNS Number

First, you need to get a DUNS number, which can be used to apply for or access a report. Use D&B’s DUNS Number Lookup tool to check if you already have a DUNS number or apply for one if needed.

Step 2: Select Your Report Type

Choose the type of report you need. You can start with D&B’s Credit Insights report, which offers options to upgrade at various price points. Each report type and cost are listed on the website for your convenience.

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Step 3: Purchase Your Report

Add your desired product to the cart and proceed to checkout. Select your payment options and complete the purchase. Once the transaction is complete, your D&B credit report will be available online for viewing.

Alternatives to D&B Report

While D&B credit reports are widely trusted, there are other alternatives available that provide similar insights:

  • Equifax: Offers business credit risk scores, payment index scores, and business failure scores.
  • Experian: Provides credit reports with Intelliscore Plus model scores.
  • Transunion: Offers various solutions to help business owners manage risk.
  • FICO® SBSS℠ Score: Utilizes data from all three credit bureaus for a comprehensive score.

Frequently Asked Questions (FAQs)

What is considered a good D&B credit score?

A D&B PAYDEX® score of 80 or above is typically favorable, but other factors also play a role in loan approvals.

Can I get a D&B credit report for free?

Yes, D&B Credit Insights offers a free credit report for monitoring purposes.

How can I correct or modify a D&B report?

If you find errors in your report, use the D-U-N-S Manager form or contact Dun & Bradstreet directly to make corrections promptly.

Conclusion

A Dun & Bradstreet Credit Report is a valuable tool for businesses to showcase their creditworthiness and credibility. By leveraging your D&B profile, you can secure better lending terms, negotiate payment schedules, and build strong relationships with partners. Obtaining a D&B credit report is essential for any business looking to establish its credit profile and access financing opportunities.

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