Tag: Makes

Maher panel debates Nikki Haley as Trump's VP: She makes 'Dick Cheney look like the Dalai Lama'

There was a clash of opinions during a Bill Maher panel Friday night over whether former President Trump would pick his former U.N. Ambassador Nikki Haley as his vice president. 

Following his major victory at the Iowa caucuses, Trump is now widely seen as the presumptive Republican nominee, which is already fueling conversations on who his running mate would be. After months of hedging on the subject, Haley told voters in New Hampshire this week “I don’t want to be anybody’s vice president” while Trump said at a rally Friday night she “probably” won’t be on the ticket. 

During the “Overtime” segment of his HBO show, Maher asked his panel who is on Trump’s running mate short list, first naming Rep. Elise Stefanik, R-N.Y., who has gotten VP buzz in recent weeks. 

“She used to be a normal and then became a Trump crazy,” Maher said. 

BILL MAHER URGES PALESTINIANS NOT TO BELIEVE ‘MYTH’ OF ‘FROM THE RIVER TO THE SEA’: ISRAEL IS GOING ‘NOWHERE’

Despite the ongoing tension between Trump and Haley, MSNBC host Ari Melber responded by saying Trump would pick the former South Carolina governor, sparking an immediate “no” from Maher.

“I think he’s teamed up with people who’ve said way worse things- [Ohio Senator] JD Vance wrote a whole book and launch his career attacking Trump,” Melber said. 

“He doesn’t care about any of that,” Maher responded.

BILL MAHER DECLARES HARVARD, UPENN ‘TEAM HAMAS,’ DERIDES ‘IDIOT’ STUDENTS WHO ARE ATTACKING ISRAEL

“Although there are parts of MAGA as we discussed that might not love her,” Melber continued, “if Trump says this is it, and he’s very practical and she would help in the suburbs, which is his biggest general election vulnerability. I think there’s a lot of the actual numbers people around Trump who are trying to get them to think about that. It would probably give him several points.” 

Melber later added, “Bill, you said tonight it looks like he can get reelected. He definitely could. But he got 3 million fewer votes in 16. He got 7 million fewer votes in 20. And they had bad midterms and the Democrats have won every state-based special election in the last year. If he’s gonna win, which he could, he’s can’t run as the 20 or 16 version of him. And the ticket is the first, largest way to say to the suburbs I’m a little different.”

“The trouble with Nikki is that she makes, sort of, Dick Cheney look like the Dalai Lama,” Substack writer Andrew Sullivan chimed in. “There is not a country she wouldn’t invade, not a country she wouldn’t bomb. She is the most unreconstructed neocon I’ve ever come across in politics.. And Trump’s entire message is I’m not an unreconstructed neocon!”

“You’re giving voters way too much credit,” Maher pushed back. “This is not what they’re thinking about!”

BILL MAHER SAYS DEMS’ LAST-MINUTE SAN FRAN CLEAN-UP FOR XI IS A SIGN THAT ‘TRUMP IS WINNING’ IN 2024

CLICK HERE TO GET THE FOX NEWS APP

Sullivan doubled down, “No, I think one of the issues that helped him are the people who are sick of these wars! And when they have someone who seems like they want to get into more wars, they are not going to like it. It’s a big issue!”

“I don’t think voters expect the running mate to set foreign policy, period,” Melber responded. 

“I don’t think they think about foreign policy,” Maher asserted before acknowledging Ukraine as something they care about only because it’s “holding up immigration.”

“They care about this country. What’s going on in this country just the way most people watch local news, they don’t want national news,” the HBO host said. 

“They don’t want the wars, which Nikki represents. That’s their position on foreign policy,” Sullivan said before Melber added, “The median Trump voter doesn’t think that he’s going to take the cues from her on that.” 

'Sopranos' actor thanks SCOTUS for 'allowing' him to 'discriminate,' makes announcement about his work

Actor Michael Imperioli thanked the Supreme Court on Saturday for “allowing” him to discriminate after they held that a graphic designer who creates wedding websites does not have to create them for same-sex marriages. 

He also decided to “forbid bigots and homophobes” from watching his work. 

“I’ve decided to forbid bigots and homophobes from watching The Sopranos, The White Lotus, Goodfellas or any movie or tv show I’ve been in. Thank you Supreme Court for allowing me to discriminate and exclude those who I don’t agree with and am opposed to. USA ! USA!” he wrote. 

“Hate and ignorance is not a legitimate point of view,” he wrote on Instagram. “America is becoming dumber by the minute.”

SUPREME COURT RULES AGAINST BIDEN STUDENT LOAN DEBT HANDOUT

In a 6-3 decision issued Friday, the Supreme Court ruled in favor of artist Lorie Smith, who sued the state over its anti-discrimination law that prohibited businesses providing sales or other accommodations to the public from denying service based on a customer’s sexual orientation.

Justice Neil Gorsuch authored the majority opinion, which said that, “In this case, Colorado seeks to force an individual to speak in ways that align with its views but defy her conscience about a matter of major significance.” 

“But, as this Court has long held, the opportunity to think for ourselves and to express those thoughts freely is among our most cherished liberties and part of what keeps our Republic strong,” he continued.

The Supreme Court handed down several rulings at the end of June, including ruling against President Biden’s student loan handout plan.

ARTIST AT CENTER OF SUPREME COURT FIGHT ‘ROCKED’ BY COLORADO LAW THAT MAKES HER CATER TO SAME-SEX WEDDINGS

In the 6-3 decision, the court held that federal law does not allow the secretary of education to cancel more than $430 billion in student loan debt. 

The high court also ruled against affirmative action on Thursday.

“Or a benefit to a student whose herit­age or culture motivated him or her to assume a leadership role or attain a particular goal must be tied to that student’s unique ability to contribute to the university. In other words, the student must be treated based on his or her ex­periences as an individual—not on the basis of race,” Justice Thomas wrote in the majority opinion. 

Imperioli is known for his roles in the “Sopranos,” “The White Lotus” and “Goodfellas.” 

Fox News’ Ronn Blitzer and Brianna Herlihy contributed to this report.

9/11 anniversary makes it easy for veterans to remember why we were in Afghanistan

“Why does Afghanistan matter so much to you?”

This is a question that comes up a lot in my interviews, most recently with a young reporter while discussing the actions of Operation Pineapple Express and other volunteer groups during the botched August 2021, evacuation of Kabul.  

I was floored. How could these people not know why Afghanistan mattered so much to all of these veterans?

Then, it hit me. They don’t remember why we were there. They didn’t even live through 9/11. 

How do you explain this deadly lack of understanding to generations who weren’t born yet or were too young to understand what was happening? Or to those who were there, but have simply forgotten?

How can you make them understand that history is about to repeat itself, but it doesn’t have to be that way? 

There is a generation of Americans that can never forget the images burned into their minds of planes striking the Twin Towers and the Pentagon. The worst terrorist attack on U.S. soil, killed 2,977 people, and for the veterans, it was personal. It happened while they stood vigil. American warriors, eyes narrowed and fixed on the smoldering rubble displayed on the television, made a single, silent vow “never again on my watch.” 800,000 American warriors would deploy to Afghanistan, sacrificing youth, marriages, limbs, mental health, and in some cases, their very lives.

America built relationships and made promises during those two decades of war.

Al Qaeda’s attack was largely due to bad U.S. ground intelligence and the inability of a partner force to counter them in their unrestricted planning and preparation. To prevent this from happening ever again, our combat veterans and civilians built partnerships with Afghan police, soldiers, nonprofits, Afghan schools, and a myriad of other organizations. America asked the people of Afghanistan to stand up, reach for freedom, and oppose oppression in all its forms. Like proud parents, we assured them they could be whatever they wanted to be, and we would be there by their sides.

Then, in August 2021, we left. We broke those promises, squandered those relationships, and handed control back to the very oppressors we fought against 20 years before.

Why can’t veterans forget?

Veterans know something most Americans don’t. The enemy gets a vote in what happens next. The United States might be done with al Qaeda and ISIS, but they aren’t done with us. This enemy will follow us home.

There is credible evidence that al Qaeda is fully re-constituting right now. Foreign fighters from Syria, Iraq, North Africa, and even Southeast Asia are openly training on former Afghan Army bases in Kandahar and Helmand. The Taliban are fully accommodating and have gone so far as to issue visas to al Qaeda members that allow them to move freely throughout the country in clear violation of the Doha Agreement.

Additionally, Iran and al Qaeda have set sectarian differences aside and are cooperating to foment disruption in the Middle East. According to numerous Afghan Special Operations Forces, this al Qaeda is a younger, more capable force. ISIS-K is also in play.

There is an unthinkable yet highly possible scenario in how all this plays out. It’s not a stretch to imagine that America’s enemies will launch another catastrophic attack on the homeland. Out of the ashes emerges a freshly mobilized U.S. blinded by revenge and short-term memory toward “bringing justice to the evildoers.” Backed by American citizens, young warriors will load up again on C-17 cargo planes and fly back into the graveyard of empires to exact justice.

But this time it will be different.

Instead of Northern Alliance resistance allies waiting on the ground to receive and work with our troops, there will be thousands of forlorn, pissed-off former Afghan commandos who are well-trained and well-equipped in U.S. tactics and gear. They have been co-opted by al Qaeda after watching their children starve, salivating for revenge over unkept promises.

This September 11th, Americans should demand change and accountability from their government. It’s not too late to protect our homeland if we act now.

CLICK HERE TO GET THE OPINION NEWSLETTER

The U.S. government must resume all sanctions on the Taliban and stop all aid. Credible sources tell us that millions of dollars in humanitarian aid is not getting to its intended victims.

The government must assume the care and management of Afghan special operations partner forces and other at-risk, high-impact Afghan security officials from veteran groups.

And the government must support the Afghan National Resistance Front, which is the legitimate Afghan Government. They are the best option for standing against terrorism emanating from Afghanistan.

Even if America doesn’t pull its head out of the sand, veterans won’t stop trying to intervene in this impending disaster because they know what’s at stake. Without immediate action, the next 9-11 Commission testimony is practically writing itself. 

CLICK HERE TO READ MORE FROM SCOTT MANN

The Surprise that Makes Recommended Vendors for Business Credit Different

When we talk about recommended vendors for business credit, there are several questions that pop up. First, what exactly do we mean by vendors? Then, what makes some vendors recommended for business credit, and others not?  After that, who are these recommended vendors and how do you find them?  Let’s find out.

What Do We Mean by Vendors

This is probably the best place to start. When using the term “credit from vendors,” we are talking about credit from companies that are not financial in nature, like banks and other credit unions. Rather, their focus is on retail, and they extend net terms on invoices to customers as a courtesy.

This means customers have either 30, 60, 90, or however many days the net terms state to pay in full.  It’s different from a credit card because it is not revolving credit.  So, when we talk about vendors, this is not a card that you apply for. This is a retail company that sells products you can use in your business, then you do not have to pay the invoice immediately.

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

What are Vendors for Business Credit?

Don’t a lot of vendors offer net terms?  What makes them so special? Well, there is a small subset of vendors that we call starter vendors. Starter vendors do two things that not a lot of vendors do.

First, they will extend net terms to your business without a credit check.  That’s not to say that they do not have standards. They will not give net terms to just anyone. However, they will consider other factors besides credit score.  For example, they may take into consideration:

  • Current relationship with the customer
  • Time in business
  • Average balance in business bank account
  • Annual income
  • And more

But that’s not all.  Getting net terms without a credit check is great, but it does nothing to build your business credit score if the payments do not show up on your business credit report. True starter vendors will also report the payment you make to the business credit reporting agencies.  Again, doesn’t sound like a big deal, right? That changes when you realize that only 7% of companies that extend credit of any type to businesses report positive payment history to business credit reports.  A lot more will report negative payment history, but that does not help build a strong business credit score.

Finding Vendors for Business Credit

Vendors do not typically make it obvious if they report or who they report to. If you call, you may or may not get to talk to the right person to ask. You’ll likely be on hold for a long time, and once you get to someone they may or may not tell you.

One option is to just apply for vendor accounts and hope you get approval. Then monitor your business credit report to see if they are reporting. However, this trial and error method will take a lot of time and will likely cause a serious amount of frustration

It will take away from you doing what you need to be doing, which is running your business. Yet, it doesn’t have to be this way. There is a better option. A business credit specialist can help you find vendors that you qualify for, and that will report your on-time payment, not just late or missed payments.

They know who to talk to, what questions to ask, and the language to use to get the answers you need. This alone saves you a huge amount of time and frustration.   You not only avoid applying for accounts that you do not yet qualify for, but you also find those accounts that will actually help you build your business credit score.

Our business credit specialists have a list of starter vendors that they already work with. This list is always changing, as vendors and lenders are always changing their policies.

Also, it takes more than 3 or 4 vendors to build a strong enough score to move on to the next level of credit. Our specialists work with many vendors that can help you get things going. Here is a sample of some recommended vendors for business credit.

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Grainger Industrial Supply

One of the first vendors for business credit business owners find out about is Grainger.  They sell hardware, power tools, pumps and more. They also do fleet maintenance, and they report to Dun and Bradstreet. If a business doesn’t have a credit score already,they will want to see additional documents like accounts payable, income statement, balance sheet, etc.

To qualify, you need:

  • To be an entity in good standing with Secretary of State
  • EIN number with IRS
  • Business address (matching everywhere)
  • D-U-N-S number
  • Business License (if applicable)
  • Separate, dedicated business bank account
  • To be registered to Secretary of State (SOS) for at least 60 days

Marathon

Marathon Petroleum Company provides transportation fuels, asphalt, and specialty products throughout the United States. The products support commercial and industrial, as well as retail operations. They report to Experiand and  Dun & Bradstreet.

To qualify, you need:

  • To be in good standing with the Secretary of State
  • An EIN number with IRS
  • A Business address- matching everywhere.
  • D-U-N-S number
  • Business license (if applicable)
  • A business bank account
  • Business phone number listed on 411

Your SSN is required for informational purposes only. You can give a $500 deposit instead of using a personal guarantee, if you have been in business less than a year.

Supply Works

Supply Works is a part of Home Depot. They offer facility maintenance supplies. It’s important to know that they do not accept virtual addresses, so you will need to use your home address if you do not have a brick and mortar location. They report to Experian.

To qualify, you need:

  • To be in good standing with Secretary of State
  • EIN number with IRS
  • Business address (matching everywhere)
  • D-U-N-S number
  • Business License (if applicable)
  • Business Bank account
  • Trade/Bank references
  • There is no minimal time in business requirement

Learn more here and get started with building business credit with your company’s EIN and not your SSN.

Beyond Recommended Vendors for Business Credit: What’s Next

These vendors are great for getting started with building a business credit score. However, a good business credit specialist won’t stop there. They can guide you to a system that will help you through the business credit building process, from establishing your business credit profile to finding initial accounts, all the way through knowing which accounts to apply for next that you actually qualify to get.

For example, once you have your established business credit profile and have some initial accounts reporting, you may think you are done.  Those reported payments start building your credit score, and all you have to do is keep paying.  That’s not quite how it works.

First, there aren’t that many starter vendors out there. You are going to need credit from someone else eventually.  But, applying for accounts before your business credit profile is ready for them wastes more time, more money, and causes more frustration.

For example, some retailers will extend revolving credit rather than net terms after you have 5 or more initial accounts reporting. Some need to see a longer and larger credit history.  A business credit specialist can help you with a program to guide you in knowing which accounts you’re ready to apply for, and when.

How to Use Vendors for Business Credit Wisely

Here’s the thing, it’s not all about business credit when it comes to vendors.  For a well rounded credit portfolio, you are going to need to use all vendor accounts wisely.  You may need credit with a vendor that does not report.  But, to get approval, you’ll need to have a strong business credit profile.

You also need to use all vendor credit wisely.  When you are working toward building business credit, you are limited on which vendor accounts you can get approval for. Then, you are even further limited on which vendors will help you build your business credit score.

But do not make the mistake of thinking that means you need to buy things you don’t need because these are the only vendors you can get that will help your score. Use these vendors to purchase general items all businesses need, just until you get to the point you need to be. They may or may not offer products specifically for your business type. But, they most will offer fuel, office supplies, cleaning products and more. These are things all businesses can use.

Advanced Vendors

Building business credit is the goal, and starter vendors are a necessary part of that. Still, the end game is building and growing your business. A strong business credit profile is one tool to help you do that.  It’s job is to  help you get credit with any vendor you need, whether they report or not.  We call these advanced vendors.

Consider this example. Imagine you need to buy inventory for your business. However, your cash flow isn’t yet where it needs to be. Using an inventory supplier that will extend net terms will allow you to purchase the inventory you need. You can pay the vendor after you sell the inventory. This is just one very general example, but you get the point.

Recommended Vendors for Business Credit Are Important, But So Are Other Vendors

Both types of vendors, reporting and non reporting, are necessary for building and running a strong business.

In fact, there are a lot of vendors out there that many do not even know offer business accounts. They can help your business grow and thrive, but you have to know they exist. This is another way a business credit expert can help you save a lot of time and frustration.

A good business credit specialist will help you access the vendors your business needs to grow. They can help you determine when you qualify for these vendors, and guide you in the right direction so that you reach the required qualifications as quickly as possible. Because when it comes to running your business and managing cash flow, there is no time to waste.

The post The Surprise that Makes Recommended Vendors for Business Credit Different appeared first on Credit Suite.

Service Marketing Mistakes: 3 Biggest Marketing Mistakes Every Manager Makes

Company Marketing Mistakes: 3 Biggest Marketing Mistakes Every Business Manager Makes

That hasn’t allow a typo slip by or misspelled the CEO’s name or published the incorrect telephone number someplace? Those advertising and marketing blunders do not necessitate a post. Simply one word of how-to-fix-it guidance is adequate: check!

Right here are a couple of more vital advertising and marketing blunders that almost every manager around makes, together with an advised solution that will certainly aid you bring in much more service as well as improve arise from your advertising, despite exactly how large or little your advertising and marketing budget plan is.

Error # 1: We believe that advertising is something we ‘do’.

Issue is, when you assume of advertising as something you ‘do’, you’re normally assuming regarding promotion, straight mail, leaflets, e-mail, advertisements and also promo. Advertising and marketing is a lot even more than just promo, as well as it’s seldom a fast solution.

The genuine repair is to broaden your meaning of advertising and marketing. Rather than thinking about it as something you ‘do’, think about advertising as anything that prevents the sale or aids or use your services or product. This consists of: your area, the mindsets of the individual that responds to the phone, your name, rates, plans, propositions, individuality as well as even more.

Prior to you compose an advertising word, do a ‘assistance or prevent’ checkup. Make a checklist of what’s aiding you draw in organization as well as what’s obtaining in the means. What ‘aids’ can you highlight or boost?

We are such large followers in our services that we can not wait to reveal it off. We exhale it all right into our advertising interactions. The trouble is, when you do that, your advertising and marketing is all regarding you.

The very first point it should do is attach to something potential customers care around if your advertising is going to obtain any type of action at all. Attach prior to you encourage. Attempt this four-step workout:

1. Define your solutions as well as items. Obtain the exhaust fumes out.
2. Recognize a couple of features or tourist attraction variables.
3. What is the advantage, the requirement or the desire, that is pleased by those qualities?
4. Why is that advantage crucial, directly, to the target market?

Happiness dishwashing fluid (descprition) has actual lemon (quality) that reduces oil as well as leaves recipes shinier (advantage). What a good representation on you! Link to what individuals desire.

A financial institution is a financial institution is a financial institution. Below’s the great information: the much more 2 companies look alike, the a lot more vital each distinction comes to be, as well as the even more effect also the smallest distinction will certainly have on establishing you apart.

The exact same is real for your organization. Your potential customers are looking for a factor of distinction (simply concerning anything )they can utilize to establish you apart from your competitors.

Service card, fax cover sheet, billing, phone welcoming, front door, house web page, and so on. Simply a little bit will certainly make a large distinction, due to the fact that your leads are looking for them.

In the meantime, attempt the Help or Hinder, Connect Before You Convince and also Find Your Points of Difference devices to make your advertising and marketing a lot more reliable and also significant. Beware, also, of impractical assumptions, malfunctioning research study, harmful bullet factors as well as absence of follow up– 4 various other typical advertising and marketing errors.

Those advertising blunders do not call for a write-up. Issue is, when you believe of advertising as something you ‘do’, you’re normally assuming concerning promotion, straight mail, leaflets, e-mail, advertisements as well as promo. Advertising and marketing is a lot even more than just promo, as well as it’s hardly ever a fast repair.

Rather of reasoning of it as something you ‘do’, assume of advertising as anything that impedes the sale or assists or usage of your item or solution. If your advertising is going to obtain any type of feedback at all, the very first point it need to do is attach to something potential customers care around.

The post Service Marketing Mistakes: 3 Biggest Marketing Mistakes Every Manager Makes appeared first on Get Funding For Your Business And Ventures.

The post Service Marketing Mistakes: 3 Biggest Marketing Mistakes Every Manager Makes appeared first on Buy It At A Bargain – Deals And Reviews.

McLaren's stunning Gulf livery makes track debut

McLaren rolled out its striking blue and orange Gulf livery on Thursday ahead of the Monaco Grand Prix, a one-off look designed especially for F1’s showpiece event this weekend.

The post McLaren's stunning Gulf livery makes track debut appeared first on Buy It At A Bargain – Deals And Reviews.

The post McLaren's stunning Gulf livery makes track debut appeared first on WE TEACH MONEY LIFE SELF DEFENSE WITH FINANCIAL GOALS IN MIND.

The post McLaren's stunning Gulf livery makes track debut appeared first on Buy It At A Bargain – Deals And Reviews.

What Makes the 3 Different Credit Bureaus Unique

There are Three Different Credit Bureaus – But What are the Real Differences Among Them?

What distinguishes the three different credit bureaus? And can you use that information to your advantage?

Business Credit Reporting Agencies

There are three different credit bureaus for business: Dun & Bradstreet, Experian, and Equifax. FICO SBSS and CreditSafe are also players.

In the business world Equifax and Experian are up there, but it’s Dun & Bradstreet which is the major player. In the consumer world the three main reporting agencies (TransUnion, Equifax, and Experian) have a similar number of consumer records. This has to do in large part with them splitting up the smaller reporting agencies between them over many decades.

But in the business world, D&B has more than 10 times the records of the next closest reporting agency. In the business credit world there really is one major player, with two other much smaller ones. See dnb.com/about-us/company.html. It makes sense to start with D&B when comparing the business CRAs, because you’ll have to start the business credit building process with them anyway.

Dun & Bradstreet

D&B is the oldest and largest credit reporting agency. Go to D&B’s website and look for your business, at dnb.com/duns-number. Can’t find it? Then get a free D-U-N-S number. You will always need a D-U-N-S number to start building business credit. Go here to get a D-U-N-S number: dnb.com/duns-number/get-a-duns.html.

D&B Scores

A D-U-N-S number is how D&B gets your company into their system. And a D-U-N-S number plus 3 payment experiences leads to a PAYDEX score. A payment experience is a record of a purchase from a business which reports to a credit reporting agency. In this case, D&B. Once you are in D&B’s system, search Equifax and Experian’s sites for your business. You can do so at creditsuite.com/reports.

D&B Reports

D&B offers database-generated reports. In general when D&B does not have all of the data they need, they will indicate as much in their reports. But missing data does not necessarily mean a company is a poor credit risk. Instead, the risk is unknown. To ensure as accurate a report as possible, give D&B your company’s current financial statements.

Dun & Bradstreet Scores

PAYDEX is probably the best-known D&B score. Some others are:

  • D&B Rating
  • Delinquency Predictor
  • Financial Stress Score
  • Supplier Evaluation Risk Rating

To look at a sample Business Information Report, go to products.dandb.com/download/2019_BIR-Snapshot-Report.pdf

PAYDEX Score

PAYDEX is Dun & Bradstreet’s dollar-weighted numerical rating of how a company has paid its bills over the past year. D&B bases this score on trade experiences which various vendors report. The score ranges from 1 to 100. Higher scores mean a better payment performance. PAYDEX scores reflect how well a company pays its bills.

What Influences Your PAYDEX Score?

Larger bills get more weight in the calculation. D&B gathers payment experiences from suppliers and vendors a firm does business with. Each experience reflects a different supplier and reflects how bills are met within relation to the terms granted. Up to 875 payment experiences are used to generate the PAYDEX Score. And up to 80 representative payment experiences are reported in your credit report.

PAYDEX Numbers

D&B has created risk categories to make it easier to translate a PAYDEX score into understandable risk groups:

  • PAYDEX 80-100: Low risk of late payment
  • PAYDEX 50-79: Moderate risk of late payment.
  • and PAYDEX 0-49: High risk of late payment

D&B takes a proactive approach to notify you when a change in your PAYDEX score is bringing you closer to a different risk category

Improving Your PAYDEX Score

Addressing any problems head-on is a useful strategy. Hence if your business is regularly late with payments, then you should address issues of organization and perhaps time management. Since the score is dollar-weighted, you quite literally get more bang for your buck by paying your bigger bills first. And because it reflects trends, you can help out your business by starting a practice of paying on time and sticking with it.

D&B Business Information Reports

For a snapshot of your business’s financial health, the best report to get is probably a Business Information Report. Currently, it costs $139.99. You can get a Business Information Report on your own business or on a company you’re considering doing business with.

Along with a PAYDEX score, a D&B Business Information Report contains:

  • Trade payments (summary and by industry)
  • Trade line specifics with dollar amounts and terms
  • Legal events
  • Company events (mainly concerning ownership and management)
  • A company family tree showing ownership specifics

Risk Assessment Summary

A Business Information Report also contains a Risk Assessment Summary. It shows:

  • Maximum credit recommendation
  • PAYDEX
  • Delinquency Predictor percentile
  • Financial Stress percentile
  • Supplier Evaluation risk

Correcting Your D&B Credit Scores and Reports

Get your report from D&B at www.dnb.com/about-us/our-data.html. Update the relevant information if there are mistakes or the information is incomplete. At D&B, you can do this at: dnb.com/duns-number/view-update-company-credit-file.html.

Keep your business protected with our professional business credit monitoring.

Experian Business Credit

Experian is a whole other ballgame. While business credit is credit which in a business’s name, and it depends on how well a company can pay its bills, Experian uses both consumer and business credit information to gauge risk.

“By combining personal and commercial credit information in one report, Experian provides a complete picture of the creditworthiness of small businesses”

You Will Need to Get Set Up with Experian

Get a BIN (Business Identification Number) from Experian. Experian’s BizSource assigns a BIN.

Experian’s Blended Score

This is summary information on a business and its owner. For troubled businesses, blended scores dropped an average of 30% over the four quarters leading up to a “bad” event. 53% of the time, the first signs of credit problems were on the business credit reports. And 46% of the time, the first signs of credit problems were on the owner’s personal report. Blended scores have been found to outperform consumer or business alone by 10 – 20%.

Experian CreditScore SM Report

With this report, you get an Experian Business Credit Score (Intelliscore). It includes the Experian Financial Stability Risk Rating. It also has information on derogatories like judgments, tax liens, and bankruptcies. You can learn about any fictitious business name information in the file. As of the fourth quarter of 2020, this report costs $39.95.

Experian BizVerify Report

This is a more basic report but it has less in it. As of the fourth quarter of 2020, this report costs less than $20. It is Experian’s snapshot view of a business credit file. Use this report to verify if a new business is in their National Business Database.

This brief summary report provides any available information on a business’s registration information. This is even for businesses that have not yet established an Experian business credit score. This isn’t much of a monitoring product; it’s more to make sure a business is in Experian’s records.

Improving Your Company’s Experian Report

Make sure vendors are reporting your payments, and not just with Experian. Pay bills early or on time, in full. For Experian, historical behavior (payment history) = 5-10% of total score. Try to maintain your personal credit utilization at about 20 – 30% of your limits or less. Don’t close positive accounts even if you no longer use them. And try to avoid derogatories like liens.

Keep your business protected with our professional business credit monitoring.

Equifax

This company gets its data from:

  • A data sharing agreement with the Small Business Exchange
  • Net 30 type industry trade credit information from a wide variety of suppliers
  • These suppliers provide products and services to businesses on an invoice basis

Equifax scores answer one basic question. How likely is a business to go severely delinquent in its payments? The score is an indication of whether a company is likely to make late payments.

Scores

Equifax has a few main scores:

  • Small Business Credit Risk Score for Financial Services
  • Small Business Credit Risk Score for Suppliers
  • The Small Business Failure Risk Score
  • Payment Trend
  • Payment Index

Check out a sample Equifax business credit report at https://assets.equifax.com/assets/usis/small_business_sample_credit_report.pdf.

Equifax Business Risk Monitor for Small Business

You can get risk score alerts. You can learn about potential risk based on a significant negative change to any of four predictive risk scores. They are the Business Credit Risk Score, Payment Index, Business Failure Score, and Business Delinquency Score.

Currently, this online product is not available as Equifax upgrades its Member Center. See equifax.com/business/business-risk-monitor.

FICO SBSS (in brief)

A FICO SBSS score is different from other business credit agency scores. With other credit reports from business credit reporting agencies, you can get a copy of your credit report and know where you stand. But this is not so with the FICO SBSS.  Also, it can differ from lender to lender. The SBA requires a FICO SBSS score of at least 150 to lend to a business.

CreditSafe (in brief)

Credit reporting agency CreditSafe has the biggest wholly owned database in the industry. They gather data from local, trusted partners and combine it with a scoring algorithm. CreditSafe administers a global network of leading commercial credit reference agencies. They have live data streams for over 70 countries but are less well known than the others. See: creditsafe.com/us/en/more/about/our-data.html.

Keep your business protected with our professional business credit monitoring.

How Long Data Stays on Your Reports at the Different Credit Bureaus

Per Experian Business, bankruptcies stay for 7 to 10 years. Chapter 13 bankruptcy rolls off your credit report 7 years from the filing date, while Chapter 7 bankruptcy stays for 10 years from the filing date. Trade data stays on for 36 months. Judgments, collections, and also tax liens stay on for 6 years and 9 months. UCC filings stay on for 5 years. See experian.com/small-business/how-long-credit-report. There are similar time frames for the different credit bureaus.

Disputing Issues with Your Credit Scores and Reports at the Different Credit Bureaus

None of the different business bureaus will change your scores without proof. They are also starting to accept more and more online disputes. Also include proofs of payment with it. These are documents like receipts and cancelled checks.

Fixing credit report errors also means you specifically spell out any charges you challenge. Make your dispute as crystal clear as possible. If you need to snail mail anything in, then use certified mail so that you will have proof that you sent in your dispute.

Correct Experian issues at: experian.com/small-business/business-credit-information. Also, you can correct Equifax issues at: equifax.com/small-business-faqs/#Dispute-FAQs.

With all the different credit bureaus, be specific about the concerns with your report. D&B wants you to go through their Customer Service. You can also go through D&B Customer Service to add payment experiences. D&B’s Customer Service contact number can be found at dandb.com/glossary/paydex.

Monitoring D&B Credit Scores and Reports

Business credit reports are not always perfectly correct. All of the major CRAs are committed to accuracy. But you won’t know there are errors unless you monitor your business credit reports.

For D&B only, you can monitor your reports via CreditMonitor. It currently costs $39/month. See dnb.com/products/small-business/credit-monitor.html.

Monitoring Experian Credit Scores and Reports

The costs of monitoring can add up fast. At Experian, your best (least expensive) bet would be a Business Credit Advantage. Subscription Plan. Also, it currently costs $189 per year. See sbcr.experian.com/pdp.aspx?pg=Sample&link.

Monitoring Equifax Credit Scores and Reports

At Equifax, you would use Equifax Complete. It currently costs $19.95 per month, after an offer of 30 days for $4.95. See equifax.com/equifax-complete/Equifax.

Monitoring Your Business Credit Scores and Reports

Add these all together for a year and it’s $468 for D&B, $189 for Experian, and $224.40 for Equifax (with the special). For a grand total of $881.40!

Monitoring Your D&B, Experian, and Equifax Credit Scores and Reports

You can monitor your business credit at D&B, Equifax, and Experian through Credit Suite, for considerable savings over what it would cost you at those different credit bureaus. Also, it’s all in one place! Credit Suite offers monitoring through the Business Finance Suite (through Nav). See what credit issuers and lenders see so you can directly improve your scores and get the business credit and funding you need. See suitelogin.com and creditsuite.com/monitoring.

The Three Different Credit Bureaus: Takeaways

The different credit bureaus are similar but not identical. D&B is the largest and a D-U-N-S number is an absolute necessity for business credit building. Experian gets some of its scoring from your personal credit habits. Equifax gets much of its data from the Small Business Financial Exchange. CreditSafe and the FICO SBSS are also players in this space.

Monitoring all this is expensive. But you can save 90% by monitoring your D&B, Experian, and Equifax scores through Credit Suite.

The post What Makes the 3 Different Credit Bureaus Unique appeared first on Credit Suite.