How to Read the Equifax Commercial Credit Report.

  • Published on
    18-Dec-2015

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Transcript

  • Slide 1
  • How to Read the Equifax Commercial Credit Report
  • Slide 2
  • 2 Equifax Confidential & Proprietary 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
  • Slide 3
  • 3 Equifax Confidential & Proprietary Report At-A-Glance Credit Usage Inquiry Alerts Payment Trends Scores/Suggested Credit Limit Public Records Credit Summary Company Profile
  • Slide 4
  • 4 Equifax Confidential & Proprietary 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
  • Slide 5
  • 5 Equifax Confidential & Proprietary Inquiry Alerts Inquiry Alerts reports variances between input versus file information
  • Slide 6
  • 6 Equifax Confidential & Proprietary 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
  • Slide 7
  • 7 Equifax Confidential & Proprietary 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.
  • Slide 8
  • 8 Equifax Confidential & Proprietary Decisioning Detail Provides score plus up to four reason codes indicating reason for the score and score definition
  • Slide 9
  • 9 Equifax Confidential & Proprietary Public Records Includes judgments, liens, bankruptcies and business registrations
  • Slide 10
  • 10 Equifax Confidential & Proprietary Public Record Detail
  • Slide 11
  • 11 Equifax Confidential & Proprietary Credit Report Summary Provides key summarizations of overall file content, and breaks activity into financial and non-financial segments
  • Slide 12
  • 12 Equifax Confidential & Proprietary Financial Credit Usage Details the credit limit, total balance and available credit of open credit lines from financial institutions
  • Slide 13
  • 13 Equifax Confidential & Proprietary Recent Trend/Days Beyond Terms Displays the average days beyond terms in a recent trend and on a month-by-month basis
  • Slide 14
  • 14 Equifax Confidential & Proprietary Financial Account Highlights Provides high-level information for each financial account on the credit file
  • Slide 15
  • 15 Equifax Confidential & Proprietary Non-Financial Account Highlights Provides high-level information for each non-financial account on the credit file
  • Slide 16
  • 16 Equifax Confidential & Proprietary Financial Account Detail
  • Slide 17
  • 17 Equifax Confidential & Proprietary Non-Financial Account Detail
  • Slide 18
  • 18 Equifax Confidential & Proprietary Additional Information Provides alternate names, addresses, phone numbers, tax IDs and SIC/NAICS codes on the business
  • Slide 19
  • 19 Equifax Confidential & Proprietary Additional Information (continued) Also provides owner/guarantor information, business and credit grantor comments and inquiries
  • Slide 20
  • 20 Equifax Confidential & Proprietary Contact Us Provides address, phone and email to request additional information or file a dispute

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