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If a supplier you deal with isn't listed on your business
credit report, it's most likely because the supplier doesn't report
your business payment history to Experian.
Your business payment history is one of the factors upon which your business
credit report and score are based. However, not all suppliers report to
business credit reporting agencies like Experian. In fact, of the more than
500,000 suppliers extending credit, only about 10,000 report. Only by working
with suppliers who report can you improve your business credit report and
score.
You can encourage your suppliers to report your business payment history to
Experian. Simply click
here to view a letter template and send your request to your current
supplier's contact information.
(Please note that suppliers with fewer than 50 employees generally do not have
the technology or personnel to prepare the information required to report your
payments to a credit reporting agency.)
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