4.8.2.6 Business Score
Business score or business credit score is a numeric summary of business credit history compiled by the three major credit bureaus - Equifax, Trans Union, and Experian. This is obtained during Credit bureau pull and is one of the indicator for a business account in the entire credit report.
The Business Score tab displays all the business score data maintained in the system. Though the business score is recorded while funding, the same can be captured and updated regularly during the life cycle of business Loan to get a snapshot of credit score movements in recent history.
The business score can be updated on required intervals by posting Business Credit Score Update non monetary transaction and the data is populated into this screen. For more information, refer to Customer / Business Credit Score Update section.
In the Business Score Information section, select the required record and click View.
A brief description of the fields are given below:
Table 4-70 Business Score Information
In this field | View this |
---|---|
Txn Dt | View the transaction posted date. |
Score Received Dt | View the date when business score was received from credit bureau. |
Source | View the name of credit bureau from where the credit score is received. |
Score | View the business credit score value. |
Reference Number | View the reference number associated with the credit score. |
Reason Code | View the reason for posting this transaction. |
Comments | Additional information if any. |
Parent topic: Business sub tab