BUSINESS DELINQUENCY SCORE??

[Society1]

My business deliquoscore is in the RED at 382 right now says "High Risk" what exactly are they telling me. And why did it drop all of sudden I've did nothing but paid my net 30 & have a approval on a card I never used

[Thermionic_E]

I have recently had an issue with certain companies like quill and my girlfriend paying the bill a few days later than I had asked. This made the cycle of their reporting off for cheaper versions of certain scoring. If I check my dun and Bradstreet or Experian memberships directly, I have no lates or delinquency, but if I check Nav, their scoring has shown me as delinquent for my quill accounts and in my scoring for dun and Bradstreet even my legitimate net 30 storage payments for warehousing which I consistently have paid for years are very stupid and do not update without me having to self report.... 

[RealEstateGuy89]

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@Society1 wrote:

My business deliquoscore is in the RED at 382 right now says "High Risk" what exactly are they telling me. And why did it drop all of sudden I've did nothing but paid my net 30 & have a approval on a card I never used

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Are you referring to your Equifax business score on Nav.com? I have a subscription to NAV for the last couple of years and have noticed that my Dun & Bradstreet is usually always at 80, my Experian score is usually around 93 but can dip down to 70-73 at times depending on how I use my cards. My Equifax score for the longest time stayed still at 385 but this last month it went down to 375 and that is the only bureau that seems to have a bad score all the time. My Fico small business score tends to stay right around 165-166 but I'm hoping it will go up with the new credit cards I have gotten recently.
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I have been told from quite a few people including one business credit expert that this is quite common with a lot of people as most of us do not have things that report to Equifax. That bureau tends to give a lot of people low scores. It has never affected me negatively and I have gotten many lines of credit, so I never worry about it. At one time I tried to find accounts that would report to Equifax and asked around and never did find many. I just checked my Equifax business report just now and the only thing that is reporting to it is my NAV account. All of the other bureaus I have several net 30 accounts, credit lines, credit cards reporting.

If I misunderstood your comment/question, I apologize but I thought I would tell you my experience with Equifax and the things I have heard from many others when discussing them.

[Society1]

Ok thanks for info very informative brother! I have shirtsy, summa office supplies, crown office supplies, Uline, and I have bought multiple orders from each company but only 2 are showing up on my NAV like the rest is not reporting. What is it I need to do? I'm trying to build my business credit & im constantly placing orders & nothing is reporting like it should be!

[Thermionic_E]

oh, I don't even have a generated equifax score. Whoosh very hard on my part. I don't understand because I have two years of history everywhere else. 

[Thermionic_E]

[Thermionic_E]

Do you guys suppose one must actually have. Delinquency to generate the score in the first place? 

[ScorpioRising]

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a@Thermionic_E wrote:

Do you guys suppose one must actually have. Delinquency to generate the score in the first place? 

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No, you don't have to have a delinquency to generate that score. That's just Equifax for you. While my D&B Paydex score is 80 and my Experian is 91, my Equifax is 386, classifying me as "high risk". 

I just ignore Equifax because as a matter of rule, their scores don't really count, since businesses rarely pull them. They almost exclusively pull your D&B and your Experian. 

[Thermionic_E]

That's good to know. Feeling I have a pretty good understanding of personal credit, business credit has eluded me thus far. I have cards of 15κ fully utilized And reproting (just reported, so PIF will soon follow to avoid potential cld, though I hear fnbo only does this every six months upon review?) and yet my score isn't worse for it... business inquiries don't seem to matter either. I just can't stand my net 30s because I have to self report constantly...