Look before you leap: How international credit reports can ensure a soft landing
Mar 2016 | Small Business
By Posted by Matthew Trussell

You may require a one-off copy of your business credit report because you’re curious about your score, or you’ve been turned down for credit and want to know why. But have you ever considered the additional benefits that having 24/7 online access to your business credit report, over a period of time, could bring to your business?

With your bank account, you want ease of access whenever you need it, with the ability to monitor your transactions and check how your balance is being impacted. You want to know that a wide breadth of information is accessible online at the touch of a button; so why would you just want access to a one-off snapshot of your business credit report that could’ve changed by the time it arrives in the post?

One-off report or online access?

When you do check your credit score, it’s simply a snapshot of your profile at a specific moment in time and whilst it’s accurate at that moment, how long could it take for that score to change and for the information you have to go out of date? Therefore it’s important to monitor your businesses’ profile over a period of time to help you make the right decisions for your business. Through having online access; if something is negatively impacting your credit score, you’ll know almost immediately and you’ll have the insight you need to help put things back on track.

When deciding how often you should check your business credit score, there is no one-size-fits-all approach. The frequency depends on your individual business needs. One thing is for sure though, if you’ve never checked your business credit report, then you may want to immediately add this to your priority list, as it’s important that you know and understand what your business credit score is saying about your business.

With Experian My Business Profile, you can enjoy the benefits of having real-time online access to your business credit report for an entire month; and if you’d like to see it on paper – you even get unlimited downloads!

One-off versus monthly

How can I get online access to my business credit report through Experian?

It’s so simple to take advantage of your Experian My Business Profile credit report. All you need to do is sign up to our monthly subscription, and if you don’t want it for any longer than a month, simply log into your account and cancel your subscription online. You’ll still have access until its expiry date, but you won’t roll-over into a new month and you won’t be charged any further*.

We know that everyone is different, and will have different requirements for checking their business credit report, so won’t tie you into lengthy contracts that you don’t need or want. With the monthly subscription, you can cancel and reactivate your account as and when you need it. Furthermore, you can do this with ease online – no need to call in, and if you decide to reactivate your account at a later date, there’s no need to re-sign up.

To find out more, please visit Experian My Business Profile

* Please note: To ensure your subscription is cancelled before your next payment, please cancel at least 48 hours before your next payment is due to be taken.

Source: cfib-fcei