Business
Credit Repair
Get your credit linked to your EIN
Link Your Business
Credit Score To Your EIN
Start building your business credit score and boost your chances of getting credit linked to your EIN, that’s not linked to your SSN. Renoix can help you take your business to the next level with our expert business credit repair services.
Sign up today and gain more financial opportunities.
What is a business credit score?
A business credit score is very similar to your personal credit score. Just like your personal credit score is a number which measures your personal creditworthiness, so too, your business credit score is also a number which measures the creditworthiness of your business. The higher the score, the more likely you are to be accepted for credit.
Your business credit report contains the history of your financial behaviour. Anyone can look at your business credit report, this includes partners, suppliers, or potential customers.
Those parties will look at your credit report just like an employer would look at an applicant’s resume.
Here are some of the main sections in your business credit report:
- Business background information which includes ownership, parent companies and subsidiaries
- The company’s financial details
- History of banking, trade and collection
- History of liens, judgements and bankruptcies
EIN Credit Score
How we help build business credit
Renoix is an expert business credit repair agency that is equipped with the professional skills needed to help build your business credit. Building your business credit is essential to turn your American dreams into reality. This is the process we will follow to start establishing your business credit today:
1. We will get your business on the map
Your business address must be a real brick and mortar business and it should be listed with all the relevant parties. We will help you get a business phone number and have it listed with the 411 directory assistant.
It’s essential that you have the exact same business name on licenses, corporation papers and bank statements. Whether you have employees or not, your business entity must have a Federal Tax ID number (EIN). Just like you have a SSN, your business has an EIN. Your EIN is vital to open up business bank accounts and to build you business credit.
2. Get your business credit report
We will show you how to get your free DUNS number. By doing this, you will get your company into their system and it will generate a PAYDEX score. We will send you your business credit report from all business credit bureaus, this includes, Experian, Dun & Bradstreet, and Equifax. We will then monitor your credit report and dispute and fix errors as necessary.
3. Get vendor credit
Renoix can help you obtain initial credit from vendors even if you have no credit history and have never taken out credit before. We will help you apply for initial credit without your SSN. Some vendors may request it afterwards but we recommend to always try without it first. If your EIN credit is strong enough, most credit issuers will approve you without your SSN.
We advise you to apply with starter vendors which report to as many credit bureaus as possible. If you make your repayments on time it will help you build your credit.
4. Get retail and or fleet credit
Renoix can help your business obtain retail credit accounts that usually have revolving terms. We can help you get approved for retail credit accounts and may not be required to pay the full balance owed each month.
Major retailers like Office Depot and Staples will offer business credit once your business credit profile is established. If you have vehicles for your business, you can get fleet credit. Fleet credit can be used for fuel and to maintain the vehicles. We will help you apply for this with your EIN, not your SSN.
5. Get universal cash credit
With all your credit accounts building on your credit report, Renoix will now help you apply for more universal cash credit like Visa and MasterCards. By using these sources of credit and applying for more, you will see your business credit score grow. More than often, businesses find it hard to obtain credit and when they check their business credit reports they can find all kinds of errors and incorrect information. This is where we come in.
Renoix can help build and repair your business credit. We are the experts and we know exactly what it takes to fix a business credit report..
Who are the business credit reporting agencies?
There are 4 main business credit reporting bureaus:
- Dun and Bradstreet. (D & B)They use the PAYDEX score 0-100. 80 and up is considered a good score.
- Experian. They use the Experian Intelliscore 0-100. 76 and up is considered good.
- Equifax. Equifax credit risk score is 0-100. 90 and up is considered a good credit score.
- FICO SBSS (FICO Small Business Scoring Service) is also vital in reporting business credit. The FICO SBSS score ranges between 0 to 300, with 300 being the highest score. Scores above 140 are considered good.
Dun and Bradstreet hold a very large percentage of reporting in the business industry. Experian and Equifax also report for personal credit.
When applying for business credit, it’s important to make sure the merchants or vendors you use the report to all credit agencies. By paying your creditors on time it will show that you are creditworthy and this will help build your business credit score across all CRA’s.
Renoix works with all 4 credit bureaus to help build and repair your business credit. We have an excellent rapport and many years of experience working alongside them, helping us get the best results for our customers. Don’t let a low credit score get in the way of your business’s expansion. Sit back and leave the hard work to the experts.
4 main business
credit reporting bureaus
Building business credit without using a personal credit
The reason why you want to keep your personal credit separate from your business credit is so that one shouldn’t affect the other.
For example, If you miss a payment on your personal credit, your business credit will not be affected, and vice versa.
It’s very important to make sure that when you apply for business credit, you use your EIN and not your SSN which is connected to your personal credit. Another advantage of separating your business credit from your personal credit is that credit limits with business credit accounts are usually much higher than on consumer credit accounts.
Business Credit
VS
Personal Credit
Pricing
$69 per month
- Sign up for a no obligation free trial
- It takes less than two minutes to get started
- Using Renoix will not impact credit score
- Cancel at anytime
How much does credit repair cost?
We have one price and one unbeatable service. We charge only $69 a month. A price that you will not find elsewhere. We offer a 90-day money-back guarantee so you can join risk-free. So go ahead and experience the credit repair service you deserve with the Renoix difference.
Pricing
How much does credit repair cost?
We offer a 30-day money-back guarantee so you can join risk-free. So go ahead and experience the credit repair service you deserve with the Renoix difference.
Credit Repair Package $89
- Credit Monitoring
- Identity theft protection
Credit Building Package $149
- Credit Monitoring Package
- + Credit Building strategy
Credit Dispute Package $229
- Credit Monitoring Package
- Credit Building Package
- + Credit disputing
- + Credit freezing
You Get
FREE credit consultation
FREE in-depth credit analysis
FREE credit recommendations
Why choose Renoix to help you build your business credit
Renoix has helped thousands of American businesses build and fix their credit scores giving them the chance to succeed way beyond their dreams. We believe that every business should have a chance to thrive, whether it’s big or small and whether the business credit score is good or bad.
The Renoix family is made up of qualified experts who understand exactly how the credit system works. We work with you throughout the credit repair journey to help your business get the best results and at the same time guide you on how to establish reliable and sustainable creditworthiness.
Common Questions
What is a business credit profile?
A business credit profile includes detailed information on your business credit accounts. This includes utilities, suppliers credit cards, banks, and other creditors. Your business credit profile also contains the history of your financial behavior.
Why is it important to have a strong business profile?
Having a strong business profile shows credibility. It will help you secure a business loan as banks are more likely to lend to a business with a great financial history. Another big advantage of having a strong business profile is so that you have a chance to attract more business opportunities. Most suppliers will only want to do business with companies that have great credit profiles.
How do I check my business credit score?
To view your Dun & Bradstreet credit score, you will need the CreditBuilder™ Plus product at a cost of $149 a month. To order an Equifax business apply online through its website. The cost is $99.95 for a single credit report. You can also purchase an Experian CreditScore℠ Report on its website for $39.95
How does business credit monitoring work?
Business credit monitoring services look out for changes to your business credit profile which might make credit score rise or drop. These changes may be things like opening new credit cards (or closing them) and your business payment history. At Reniox, we aim to be proactive in fixing your credit report as opposed to being reactive as many other business credit repair agencies may be. The Renoix proactive approach will also get you a set of recommendations personalized to your business.
