A variety of third parties — including banks, credit card issuers, insurance companies, leasing firms, investors, and so on —
pull business credit scores to evaluate risk and reliability.
Experian, Equifax and Dun & Bradstreet all heavily weigh your business's payment history, and because FICO
pulls business credit scores from these bureaus, payment and trade history with suppliers and vendors will be an important part of your business's FICO SBSS score.
Not exact matches
Banks can
pull your
credit report or
score when opening a savings account because they have a legitimate
business need.
The firm's
credit report will be
pulled when an application for a regular
business loan is submitted and the firm's
credit score and history will be taken into account by the lender when he decides weather to approve the loan or not.
A lot of
business cards still affect your personal
credit score unless you have a real EIN and even then most of them
pull your personal
credit report unless you have a
business banking relationship.
The lender will
pull your
credit reports and check your
credit scores, both personal and
business.
Even though many alternative lenders do not require that you provide them with
credit reports as some traditional banks do, both alternative lenders and traditional banks will
pull your personal and
business credit reports and
score.
Unauthorized hard
pulls by a
business can negatively impact your
credit score, but you can ask the
business or
credit bureaus to remove it because the inquiries were made without your consent.
By contrast, some
businesses do «soft
pulls» on your
credit report and there is no effect at all on your
credit score.