Repair Your Damaged Business Credit!
Fixing damaged business credit should be a top priority for you, the business owner.
Many business owners think they have items reporting on their business credit reports that really aren’t reporting at all. But over 90% of trade vendors don’t report to the business credit reporting agencies. So chances are good that the negative information you think is on your report might not even be there. But you should still know how to repair your damaged business credit.
Obtain Business Credit Reports & Know what’s on your business credit you should obtain business credit reports from the main business credit reporting agencies.
Business Credit reports are offered by:
You will 1st want to get a copy of your business credit reports to see what is being reported. So saving damaged business credit starts here!
The Fair Credit Reporting Act: Does it Have Anything to do with Damaged Business Credit?You might have already heard of the FCRA. The Fair Credit Reporting Act outlines consumer’s rights to dispute inaccurate information on their credit reports. But it’s essential to know that this law does NOT apply to business credit repair.
There are currently no laws which outline business owner’s rights regarding credit disputing. The FCRA also requires credit issuers to notify you of what bureaus they pulled your credit data from to determine your denial for financing.
In the business credit world this is not the case, you rarely ever know the source pulled your business credit or which reporting agencies they pulled it with.