Business Credit Reports and Credit Reporting Agencies –

Published On: August 15th, 2023Categories: Business Credit Reports
Credit rating | Bravo Recovery

Bravo Business Reports are compiled from reputable credit reporting agencies – so you can rest assured that you’re receiving accurate, comprehensive information. This is extremely valuable data that can help your team make informed decisions about prospects asking for Net Terms and existing customers asking for a credit increases.

Is that customer a potential risk?

There are a few reasons why you should run a business credit report on a prospect or existing customer before increasing or extending net terms to them – to assess their creditworthiness, to identify any red flags, and to essentially protect your entity from habitual debtors. Make sure to use reputable credit reporting agencies like Bravo Recovery to assist you in every step of the way. By staying on top of this data, you can protect your business from potential losses. If a customer does not pay you on time, you will have the information you need to make your next move in securing yourself.

Business Credit Reports include:

  • Trade date: The full date on which the order is applied to the market.
  • Credit risk score: Businesses have their own criteria that explains their payment history to other companies. Similarly, various credit risk auditors each have their own range to describe creditworthiness.
  • Full business credit reports: Get a record of all past payments, debts, and company information, including employees and annual sales.
  • Monthly and quarterly trends: Understand how the business’s money fluctuates throughout the year.
  • Public record data: Some information on debts, payments, and possible bankruptcies are public record, meaning anyone can access it.
  • Credit limit recommendations: We’ll provide a credit amount to help better understand the business’s finances.

Contact Bravo Recovery today and learn more about our business credit reports. We would be happy to answer your questions and help you find the right type of data you need in order to make the right credit granting decision.