Common Questions and Answers

Why is credit important to small businesses?

Answer :
To ignore your business credit could be a fatal mistake. It's an essential link in the chain of success. If you are concerned about your company's image that you customer base sees, you should be just as concerned about how your business credit looks to essential people like lenders and potential business partners. And just think of how your personal credit can affect your life – the difficulties that bad credit poses for an individual can end up plaguing your firm too.

It's important to maintain a business credit profile that is distinctly separate from your personal credit profile. Building separation between the two can help your business develop the credibility that matters to banks, suppliers, and other creditors. A business credit profile that includes multiple, positive reports from financial institutions, vendors, utilities, telephone accounts, lessors, and other operational credit accounts in your company's name shows that your business pays its creditors in a timely manner. Maintaining separation can also protect your personal credit profile should a financial mishap occur in the company, and, conversely, can help insulate your business from anything that might have an adverse affect on your personal credit.

It's also important to remember that anyone can view your business credit report and score for any reason, unlike the information in your personal credit file.

5 Reasons to Monitor Your Business

Business owner

  • 24/7 monitoring of your company's Experian credit score
  • Automatic email alerts of any unusual activity in your company's credit report that might indicate fraud
  • Unlimited access to your company's most up-to-date credit report and score
  • Dark Web Surveillance
  • Business Fraud Resolution Support

Related questions

How is a business credit score determined?

Why do some of my business credit lenders and suppliers not appear on my business credit report?

Why did my business credit score drop when I do not see any significant changes in my business credit report?

How will the payment or satisfaction of tax liens, judgments, and collections impact my business credit score?

Do you have more questions regarding Experian business credit reports? Return to the home page of for more commonly asked business credit questions, additional resources, and special offers to help you manage and grow a business.

You may also view our full list of frequently asked questions by visiting this page.
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