What Data & Payments Say About Your Company

Updated: Feb 4

As you may have noticed, much of the training I provide focuses on the importance of adding payment history to your corporate credit report as a means of boosting your scores and ratings.

But today, I'd like to provide a little insight into what a huge difference you can make when you add the right kinds of vendor and supplier payment history to your commercial credit report, and we'll use one of my actual clients as an example.

Ronnie first came to Starpoint in 2016. He owns an East coast construction company that operates locally, but also bids on contracts to the tune of a million plus per year. But things weren't always running so smoothly...

When Ronnie first came to Starpoint two years ago, he was desperate. D&B had just downgraded his corporate credit and he was in danger of losing some major contracts. His D&B report had old, outdated information that was no longer relevant to his company. For payment history, all he had were a couple of derogatory payments. Because it had been so long since he'd updated his company's data, none of his recent positive payments were flowing in like they should, and his D&B report certainly wasn't showing a business that did over $1m/year in sales.