Offering multiple scores, including international scoring, Creditsafe is a business credit reporting agency offering comprehensive business credit reports on over 400 million businesses worldwide.
Creditsafe Business Credit Scores
The Creditsafe business credit score ranges from 1-100. The lower the score, the higher the risk. It predicts the chance that a business’ payment patterns will become seriously delinquent. “Seriously delinquent” means more than 90 days beyond terms or the likelihood the company will go bankrupt in the next 12 months.
A good business credit score should represent a low risk or better. Here are the risk levels indicated by numerical scores:
- 1 – 20 score indicates very high risk
- 21 – 29 indicates high risk
- 30 – 50 indicates moderate risk
- 51 – 70 indicates low risk
- 71 – 100 indicates very low risk.
Creditsafe also offers an international comparison, with scores ranging from A – E, allowing for cross-border comparison:
- A: Very low risk
- B: Low risk
- C: Moderate risk
- D: High risk
- E: Not rated
Other Information Included in Creditsafe Reports
In addition to scores, Creditsafe business credit reports include average days beyond terms, a recommended credit limit, payment trends, inquiry trends, average business spend, and any tax liens and judgments filed in the last 6 years 9 months plus any bankruptcies filed in the last 9 years 9 months.
How to Improve Your Business’s Creditsafe Scores
When it comes to improving your business credit, it pays to have an experienced professional in your corner. Contact the experts at North Shore Advisory today for a free, no-obligation consultation.