How to Get a Free Business Credit Report

If you own a business, your business credit report will be the key that helps unlock the doors that can help you get money for the things that your business needs. Since most small businesses get paid after a product is delivered, having this financing will play an important role in how well your business succeeds. There are five steps you need to follow in order to get a free credit report for your business.

Difficulty: Easy

Instructions

1. Apply for a credit card or loan in your business name. Although it is great if you get approved, you are looking for a denial in order to complete the remaining steps. Try to choose a company that advertises an instant decision, so that you will know right away whether it will work.

2. Wait for the denial letter to arrive, if you aren't approved. When it does, it should tell you which credit reporting agency was used to determine the denial.

3. Send a copy of the letter, along with a request for your business credit report, to the credit reporting agency listed.

4. Check your mail for a free copy of your credit report, which should usually arrive within 30 days.

5. Repeat this process if you wish to try and get a report from all of the business credit reporting agencies; however, you won't know what agency was used until the denial letter arrives, so you may rack up quite a few inquiries in the process which can have a negative impact.

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