Stage Three of the Free Guide
How to Build Small Business Credit with No Personal Guarantee

Step 8 ~ Experian Business Introduction

Experian is one of the industry leaders for personal credit reports, and they are fast becoming the most stabilized corporate credit reporting company as well.  There are a few main reasons why the business credit lending world is moving towards Experian, either in conjunction or in replacement of Dunn & Bradstreet.  That being said, Experian still has their issues and it is just as important to pay close attention to your Experian file as you continue building business credit.

Business credit lenders are using Experian reports for approval decisions for two reasons.  The first is that Experian business credit reports more closely resemble that of a personal credit file.  The second major reason is that Experian is happy making their money selling the credit reports to business lenders rather than try and sell a business credit building product like Dunn & Bradstreet, leading to less bureaucracy and more accurate reporting results.

The major problem with Experian Business comes back to the fact that business credit bureaus aren’t monitored or regulated as they are on the personal side. This leads to less than desirable customer service, irregular reporting practices and difficulty of disputing.