PERSONAL CREDIT REPAIR
Conversion Business Services has helped thousands of consumers like you inexpensively repair their credit. We pride ourselves on a comprehensive approach and an extremely thorough free credit repair consultation that cannot be found at any other company today.
BUSINESS CREDIT REPAIR
Get Started Today with a Free Business Credit Analysis
Conversion Business Services has been improving business credit
and scores successfully for over five years. Clients have seen major
improvement in as little as 30 days.
Today more than ever, small to mid-size companies need to be proactive in protecting their very important credit asset. In this still fragile economy credit scores and indexes can be the difference between a company's ability to fail or succeed and to grow and prosper. As with consumer scores, business credit scores play a big part in determining whether financing of all types will be approved.
The right business credit score is of great value when negotiating lower lease payments, approval for business loans/equipment or when a potential client picks a company for business-to-business (B2B) services.
Credit challenges can come in many forms. The sad fact is one late payment on the wrong account or a collection account for a specific debt listed on the businesses report can drop a score by 40 plus points. This will immediately place a company into the high risk category.
As a business, one of the most important scores is your Dun & Bradstreet Paydex Score. A personal Fico score is to an individual the equivalent of what the Paydex Score is to a business. Knowing what this number is and having the ability to increase it can mean acquiring the financing needed to start or grow your business. It reflects your payment record and having a strong Paydex and Experian Credit Ranking Score can help give you access to credit lines for your marketing effort, buying or leasing needed equipment, and getting the supplies required to land bigger clients and higher revenues. Obviously if the score is low the opposite will occur.
When it comes to the D&B Padex Score any business usually ranges between a 30 and an 80 with few at the top being 100. Having a high Paydex Score of an 80 indicates that all bills are being paid promptly. Contrary, a low score of a 60 signifies late payments. Paying your vendors on time will not give you as high of a score as paying vendors early. If you pay immediately and you don't have open judgments or collections you may find your Paydex Score is closer to 100.
Although Dun & Bradstreet is the oldest and most popular business credit bureau, Experian and Equifax also provide risk indicators. Experian falls second in popularity using the Business Credit Ranking Score. This score also ranges from 1-100 with the highest score equaling the lowest risk. Equifax is the least popular of the three bureaus and uses the Suppliers Credit Risk Score which ranges from a 101-816. Also with a lower score indicating higher risk. The D&B Paydex and Experian Business Credit Ranking Scores are the most popular scores used by banks, vendors, and evaluating potential business partners and service providers. They all consider similar factors.
Using a business credit profile on a potential service provider can give a company the edge it needs to decide who will gain their account and provide better quality and more consistent stable services. With a view into the pay history of a potential service provider, credit holder, or loan applicant over a 12 month period, a business will be able to see great fluctuations in score which may signify poor financial health and management. Just having a great score today may not be enough to get the financial tools or new accounts needed. When a company shows continuous stability of positive scores over a long period it reflects skill and success to the viewer. Keeping great credit scores could deliver the account when competing with other companies for approval on a bid.
If a company is fortunate enough to be approved for financing while having inconsistent and fluctuating credit scores, the interest or fees associated with the financing/credit may be at much higher costs. Nowadays many businesses, whether small or large, are being judged and hired based on their pattern of payment experience over the past year or more. Those who are wise are pursuing avenues for protecting their credit asset to insure maximum opportunity.
We have the ability to increase scores dramatically and in most cases very quickly in as little as 30 days. We also offer a business credit monitoring service designed to keep track over credit on a daily basis correcting any errors or negative information immediately. This allows for consistency in excellent credit score history. In today's competitive environment companies must be informed and prepared as they only have one chance to make a first impression. Feel free to browse our testimonial section and our recent press.