Services
Business Credit Services
At Erect Credit, we help business owners protect and grow their businesses. Building business credit services is essential in keeping your company afloat when it needs cash for expansion or sustaining operations.
Credit Score
Your Company’s Credit Score
A business credit score or rating is vital for separating your personal and business financial risk. Bad or good credit may affect your ability to obtain capital to develop your business. Your business credit report can influence:
- The amount of your loan and what interest rates you’ll pay
- Your business insurance premiums
- Whether suppliers will extend credit terms
Erect Credit provides businesses across the county with business credit repair services, which allow them to build their credit scores and apply for larger loans with lower interest rates.
IMPORTANCE OF REDUCING YOUR BUSINESS/COMPANY CREDIT RISK
Reducing your business credit risk is just as crucial as building business credit. When a company does not ask for payment before delivering products or providing services, its credit risk increases. Many business transactions are conducted on credit; however, recent events show that it’s very important for small businesses to investigate more than just the information in company financial statements. Our business credit repair service offers tools to help lower the risk of customers defaulting on their debt while they build business credit. Depending on the level of business credit risk (low, medium, or high), you can immediately view the appropriate credit reports, which detail business and credit information.
business identity theft
business identity theft
Identity theft is about protection and prevention. However, certain types of identity theft cannot be prevented. A thief could get a hold of your personal information by illegally accessing a computer, for example. So, even if you’re prudent about guarding your information, monitor your financial accounts regularly to protect your small business. Business identity theft and fraud losses cost American companies billions each year. Both can negatively impact cash flow, cause problems with creditors and suppliers, and even affect your business’s reputation. Business credit services often include business identity theft, as it also has a direct effect on a company’s business credit rating.
The first step in protecting your business from identity theft is regularly checking your company’s credit report for unusual activity that might indicate fraud.
It’s essential to check your personal credit report, but did you know it’s just as important to make sure your business credit report accurately reflects the status of your small business credit? Your business credit history and score will determine the amount of company credit and the terms or rates offered.
