#Experian business credit score range plus#

#Experian business credit score range plus#

In the credit world, Intelliscore Plus is deemed to be one of the most reliable tools in effectively predicting risk. How Is My Experian Intelliscore Plus Credit Score Calculated? The chart below outlines each Intelliscore Plus credit score range and its associated risk class and risk description. Conversely, the lower your score, the higher your risk class and the harder you may find it to be approved for a loan or business credit card. The Intelliscore credit scores range from 1 to 100 the higher your score, the lower your risk class.

For new businesses with no business credit history, only the owner’s personal credit data may be used to calculate the business’s credit score. Intelliscore Plus often uses a “blended model” for newer businesses: it can evaluate the owner’s personal credit data as well as business credit data to calculate a credit score. One thing that’s unique about this score is the fact that it can be based on personal credit data, business credit data, or both. Īs with many credit scores, there are different versions of this score. It’s a good idea to monitor all three, which you can do with Nav. The other agencies have their own proprietary credit scores-PAYDEX® for Dun & Bradstreet and Business Delinquency Score™ for Equifax are two examples. While there are three major business credit reporting bureaus (Dun & Bradstreet, Equifax, and Experian) in the US, this number is created and sold by Experian. If you plan to apply for a business credit card or lines of credit, lenders and suppliers may look at your score to determine your creditworthiness. Much like a car dealership can use a consumer’s FICO score to quickly determine how much of a risk a potential customer may be in terms of being able to pay off the auto loan, the Experian Intelliscore Plus credit score, which is a numerical score that ranges between 1 and 100, can provide insight on how high-risk a business or business owner may be.

The score is an indicator of that level of risk These entities, of course, don’t want to lend money to or get involved with a company that has a high risk of being unable to pay back financing.

The main purpose of Experian Intelliscore Plus is to help companies, vendors, investors, and potential commercial credit grantors make well-educated decisions about who they should or should not do business with. Quite simply, the Intelliscore Plus credit score is a statistically-based credit risk evaluation. What is the Intelliscore Plus Credit Score? The truth is, any credit-related score should be on your radar for both your business and personal finances, but the Intelliscore Plus credit score, provided by Experian, one of the leading credit bureaus in the United States, is definitely a top contender for business owners to check, monitor, and understand. What is it? How is it created? How can I improve my credit score? Individual consumers typically find that much of their borrowing power hinges on the FICO score, but what about a company? For small business owners, what credit score is important? The Experian Intelliscore Plus℠ Credit Score Explainedįor many consumers and business owners, the term “credit score” is often shrouded in mystery.