How to Read the Equifax Commercial Credit Report

How to Read the Equifax Commercial Credit Report

Commercial Credit Report • Delivers detailed information on businesses for risk assessment – – Banking and leasing payment information Trade credit history Public records Firmographics • Includes Related Files (complimentary value-add) – List of businesses potentially associated with the business owner or principal submitted upon inquiry – Option to purchase corresponding credit report Equifax Confidential & Proprietary 2

Report At-A-Glance Company Profile Inquiry Alerts Scores/Suggested Credit Limit Public Records Credit Usage Credit Summary Equifax Confidential & Proprietary Payment Trends 3

Company Profile • Firmographics – business name, address, telephone, tax ID number, SIC, NAICS, ownership type, annual sales, number of employees, business type, location type, established date Equifax Confidential & Proprietary 4

Inquiry Alerts • Inquiry Alerts – reports variances between input versus file information Equifax Confidential & Proprietary 5

Scores/Risk Class/SCL • Credit Risk Scores – commercial data • • • option or blended option with principal (consumer) data Business Failure Score – predicts likelihood of business failure Risk Class – risk ranking and description Suggested Credit Limit – recommended credit limit amount Equifax Confidential & Proprietary 6

Payment Index • The Payment Index is a numeric measurement of the past and present payment habits of a business. – Business Account Payment Index - based on the payment habits of the company for which an inquiry was submitted – Industry Payment Index – based on the payment habits of the industry to which the company inquired upon belongs. Equifax Confidential & Proprietary 7

Decisioning Detail • Provides score plus up to four reason codes indicating reason for the score and score definition Equifax Confidential & Proprietary 8

Public Records • Includes judgments, liens, bankruptcies and business registrations Equifax Confidential & Proprietary 9

Public Record Detail Equifax Confidential & Proprietary 10

Credit Report Summary • Provides key summarizations of overall file content, and breaks activity into financial and non-financial segments Equifax Confidential & Proprietary 11

Financial Credit Usage • Details the credit limit, total balance and available credit of open credit lines from financial institutions Equifax Confidential & Proprietary 12

Recent Trend/Days Beyond Terms • Displays the average days beyond terms in a recent trend and on a monthby-month basis Equifax Confidential & Proprietary 13

Financial Account Highlights • Provides high-level information for each financial account on the credit file Equifax Confidential & Proprietary 14

Non-Financial Account Highlights • Provides high-level information for each non-financial account on the credit file Equifax Confidential & Proprietary 15

Financial Account Detail Equifax Confidential & Proprietary 16

Non-Financial Account Detail Equifax Confidential & Proprietary 17

Additional Information • Provides alternate names, addresses, phone numbers, tax IDs and SIC/NAICS codes on the business Equifax Confidential & Proprietary 18

Additional Information (continued) • Also provides owner/guarantor information, business and credit grantor comments and inquiries Equifax Confidential & Proprietary 19

Contact Us • Provides address, phone and email to request additional information or file a dispute Equifax Confidential & Proprietary 20