Have you recently been notified by Dun & Bradstreet that your business’s credit profile is incomplete?

Your D&B® business credit profile contains basic details about your company, along with scores and ratings intended to help third parties judge the creditworthiness and financial stability of the organization. As a leading business credit bureau, Dun & Bradstreet regularly collects data on companies and their payment habits in order to compute scores and ratings. If your business credit profile is incomplete, Dun & Bradstreet may be having difficulty aggregating or verifying information about your company. When another company accesses a business credit report on your company, it could be presented with incomplete information or scores that are calculated without all the data. We’ve created the infographic below to help business owners understand why maintaining their business credit profile can be important, and what they can do to help ensure it’s complete.

If your business credit profile is incomplete, other companies may not get an accurate view of your business’s credibility. Update your profile today    Tweet This

What information is contained in my Dun & Bradstreet business credit profile?

A robust business credit profile contains a company’s name, address, phone number, earnings, number of employees, and other fundamental details about the business. A business credit profile may also include the various proprietary credit scores and ratings that Dun & Bradstreet assigns to companies, including the PAYDEX® Score, Supplier Evaluation Risk Rating (SER), and the Financial Stress Score (FSS). These scores and ratings help potential lenders and partners understand your company’s financial situation, and may influence their decisions about doing business with you.

How does Dun & Bradstreet collect this business information?

Dun & Bradstreet gathers some of this data from third-party sources such as print directories, reports from vendors (including trade references**), and public documents. However, these resources don’t always have accurate or up-to-date information. As the business’s owner, you can help correct inaccuracies or oversights about basic business details.

Why is it important to maintain my business credit profile?

Banks, vendors, and other potential business partners commonly check a company’s business credit scores and ratings prior to extending funds or signing a contract. An incomplete business credit profile may leave them with unanswered questions. Additionally, Dun & Bradstreet may not be able to match trade references and financial details to your company if there are inaccuracies in its business credit profile.

What can I do to complete my business credit profile?

Business owners concerned that their D&B business credit profile is incomplete can verify and update basic details for free with Company Update. You may be able to see which information is missing, and review vendor trade references for inaccuracies.

Can I check my business credit profile?

Yes! In fact, monitoring your business’s credit scores and ratings can provide you with an unbiased look at how others may view the creditworthiness of your company. CreditSignal®*, a free product, alerts you to changes in your Dun & Bradstreet credit scores and ratings. The alerts can be extremely useful if you’re in the running for a contract or loan, as your business partners may be aware of these changes, as well. CreditBuilder™ Plus can help you monitor your business credit and add trade references to your business credit file.

What else should I know about business credit?

Establishing your business credit profile is the first step; building and maintaining your business credit scores and ratings can help your company expand and thrive. We know you’re busy, but devoting some time to managing your business credit profile may pay off with additional contracts, more favorable loan terms, and a better reputation among your vendors and partners.