17. Business Credit Information Business Credit Information

You’ve now reached the point when you need to start looking at your credit agency listings. It’s vital that every agency and creditor has your listings the EXACT same way, ensuring identical and consistent reporting.

Credit Bureau Business Credit Report Information Must Be the same for all reports

Take the time to confirm that all agency listings, including creditors, suppliers, and vendors have your business information listed in the exact same way. Be very meticulous to ensure that spelling, addresses, contact information, and business names (including DBA’s) are all the same with each and every agency.

Let’s say you are listed as “Smith Repair,” with a creditor and “Smith Repair Services” with a supplier. This can create separate credit reporting, harming your chances of getting excellent loan terms. There can also be differences in address information that seem inconsequential but can create problems. For example, you could have one address listing with “Suite 450” and another with “Suite #450,” which will need to be changed. It must all be the same.