A Crash Course In Credit Scores


If  you had no idea that there is a totally different credit scoring system for businesses than there is for people, don’t fret—I’ll explain.

Personal credit scores range from 350 to 850.   All three of the credit bureaus—Equifax, Experian, and Transunion—offer  FICO credit scores using a complex mathematical formula developed by Fair, Isaac and Company, but they each give the scores a different name: At Equifax, the FICO is known as the Beacon credit score; at TransUnion, it’s called Empirica; and at Experian, it’s called the Experian/Fair, Isaac Risk Model.

Business credit scores range for 0 to 100.  The major business credit bureaus are Dun and Bradstreet and Experian Insights. Unlike their counterparts the business scoring system is not complexed.  It is quite simply based on payment history.  Each credit bureau does however, give  the scores a different name.  At Dun and Bradstreet the score is called a PayDex and at Experian it is called an Intelliscore.  Here is the bottom line in this crash course:   Good business credit scores PLUS good business credit scores  gets you access to lots of business funding!

About Shameca Tankerson

I challenge women squash self doubt, crush blocks, & gain the confidence, language, & skill to Play Big, Charge More, & Sell With POWER.

Posted on July 6, 2011, in Business Credit, Business Finance, Credit, finance, money, Personal Credit and tagged , , , , , , , , , , . Bookmark the permalink. 1 Comment.

  1. Hey Girl – Great post. I can see why you help so many business owners get funding. 🙂 Talk to you soon, Michele

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