The ability to run credit reports as a business is essential for a variety of reasons not limited to lending decisions. More employers are running background checks on prospective employees; this includes a review of their credit history. Being set up with at least one of the major credit bureaus--Equifax, Experian and TransUnion--can take a bit of time, and it is beneficial to start right away. Due to privacy laws, the ability to prove you are a business entity is essential for you to be able to start running credit reports as a business.
Gather your business documentation, including articles of incorporation and business license. You will likely need these to prove you are a legitimate business entity. Bonus materials to have on hand include business bank statements, a business property lease or deed and a professional website.
Consider which credit bureau you want to use to run credit reports. If you are a large company, you may wish to get set up with all three; but keep in mind this could be time-consuming. The most commonly used credit bureaus are Equifax and Experian, though TransUnion is also a popular choice.
Contact the Consumer Information Solutions division of Equifax if you wish to get set up with this agency to run credit reports as a business. The best way to do this is by calling the sales department at (888) 202-4025. While Equifax does not publicize costs of such credit services for businesses, once approved you should be able to run credit reports for $7 or less per file review.
Contact the Business Credit Services department of Experian by telephone at (888) 243-6951 to begin the process of running credit reports through this credit bureau. Experian does not publicize costs for these services.
Contact TransUnion Business by using its online contact form (see Resources section) or by calling (866) 922-2100 between 9 a.m. and 4:30 p.m. Eastern Standard Time, Monday through Friday. Like other credit bureaus, TransUnion does not publish the cost of running credit reports as a business.