BIZ Score change from A to B?

[Anonymous]

As the title says I found out today after logging into Nav, that they list my EXP score as a B. Down from A in November. My question is what would cause this if there were no missed payments? The only thing I think could be the cause was adding a new HP and account. As that's really the only recent action. The other possiblity is utilization, currently $2K reported balance on $3K CL. So I think paying the balance prior to statement cutting may fix this?

I only have monitering through them, and they didn't even notify me of that change. lol

Should i pay to see the whole report picture, and if so what exactly will it show? By explainin ghte above scenario?

1/5/20

B Score meaning:

Based on the current payment performance, or lack thereof and/or legal records on file for this company, Experian suggests further investigation if the credit amount requested warrants.

11/22/19

A Score meaning:

This company is credit-active and pays its bill no later than nine days late on average. There are no derogatory legal records on file for this company.

Thanks for any clarification/help on this.

[WayneSki]

I always thought Experian scored from 0-100. My Experian business score fluctuate every other month for no apparent reason. I do not carry a balance on my cards that report to Experian.

[Anonymous]

Yes, Experian does report numerically. To which I do not pay for. Last time I checked EXP was a few months back and was only 3.

This info is through NAV, and they assign a letter score. 

Was just curious what change could have happend in the last two months for it to go backwards is all. It just snuck up on me be because it's a fairly new account and don't have the cut date committed to memory. Guess I'll have to endure it for another cycle as the cut date is the 6th, and I have no way to pay it off by then. By the time I move Money from one account to the linked payment account, it will be six days. 

[Anonymous]

Is someone basing a decision upon your current EX score such that it matters?

NAV scores don't mean anything and its been my experience that the numerical scores provided by EX and EQ are just as meaningless.

Very little changes in my profile and I occasionally see wild swings in the numerical scores on EX and EQ with no rhyme or reason.

[GApeachy]

Our Ex Biz score went from a 95 to a 96  three months ago.  I do pay for Exp. Biz. report.  Nav downgraded us from an A to a B also. I was surprised to see the downgrade.  I just checked again on free Nav report and it's still a B.  We've added a fair amt. of new credit; more inqs.; always pif.  I purchase directly from EQ and EXP to see where we really stand since Nav seemed opposite of what I expected scorewise.

[WayneSki]

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@GApeachy wrote:

Our Ex Biz score went from a 95 to a 96  three months ago.  I do pay for Exp. Biz. report.  Nav downgraded us from an A to a B also. I was surprised to see the downgrade.  I just checked again on free Nav report and it's still a B.  We've added a fair amt. of new credit; more inqs.; always pif.  I purchase directly from EQ and EXP to see where we really stand since Nav seemed opposite of what I expected scorewise.

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So I take it NAV is like the business version of Credit Karma....

[Five6Two]

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@WayneSki wrote:

So I take it NAV is like the business version of Credit Karma....

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Yes, sort of. But if you pay for a subscription to their services they will report to the business credit bureaus, giving you another reporting/scorable Trade Line. 

[Anonymous]

I don't know how much of thier speal is fact or hype to get you to buy more services - as long as the big guys, Chase, Amex, US Bank keep giving me large CLs and I know I take care of keeping my lines in excellent shape, I don't put much stock in NAV

[WayneSki]

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@Anonymous wrote:

I don't know how much of thier speal is fact or hype to get you to buy more services - as long as the big guys, Chase, Amex, US Bank keep giving me large CLs and I know I take care of keeping my lines in excellent shape, I don't put much stock in NAV

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I totally agree,it seems their credit scoring is out of wack just like Credit Karma. Guess it has no practical use if it's not reporting accurate data.

[Anonymous]

yea, their whole purpose is to sell you stuff  :-)