Business Summary Fast Facts

The Business Summary report is a low-cost summary of a credit report that allows users to make quick, effective assessments on low-balance account transactions of less than $1,000. In addition, the report is frequently used to help verify whether or not a business is active and/or legitimate.

Credit File Summary

The Credit File Summary makes up the bulk of the Business Summary report. This section is a summary of the information within the full credit report and is similar to the Executive Summary section of the Business Profile Report. The following information displays when it is present in the credit report:

• Number of tradelines
• Judgments, Tax Liens, Bankruptcy Indicator
• UCC filings indicator
• Collections data indicator
• Bank information indicator
• SIC code and description
• Corporate filing status
• Company background information
• Credit Snapshot
• The credit snapshot provides a risk category and description based on the following factors:
• Current trade experiences (balance and DBT)
• Collections data (presence/absence, balance)

Public record information (presence/ absence, legal balance) risk categories are the following:

• Acceptable
• Caution on credit-active company
• Caution on non-credit active company
• Warning
• Serious risk
• Bankruptcy

Following are some of the benefits of the Business Summary report.

• Quick, cost-effective review of low-risk transactions
• The report provides an at-a-glance snapshot of a businessís credit risk that eliminates review of a large report
• The low-cost snapshot report is a cost-effective way to process high-volume, low-dollar credit checks
• Pre-screen prospects and evaluate new customers
• The credit snapshot allows users to quickly classify prospects and customers
• Customers who need further review can quickly be identified, and additional reports can be used for deeper view