How Business Credit Reporting Agencies Work – Every time a company applies for c…
How Business Credit Reporting Agencies Work – Every time a company applies for credit, the bank, credit card issuer, supplier or creditor initiates a credit inquiry to one or more business credit reporting agencies to review a company’s credit report and rating. They will decide whether or not to extend credit or a loan – and at what interest rate – mainly based on the credit history reported by those agencies. Here are 12 ways a business credit reporting agency collects its information.
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