My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

How to Read a Business Credit Report New Jersey

When you're considering granting credit to new customers, evaluating the reliability of potential suppliers, or analyzing your company's own credit standing, it is a good idea to run a credit report.

Local Companies

Kompass
(609) 469-0480
50 Millstone Road
East Windsor, NJ
Elite Investigations
(201) 433-2019
1 Montgomery Ct
Jersey City, NJ
Prince Detective Agency Inc
(973) 242-4007
18 Green St
Newark, NJ
U S Government
(973) 792-3000
11 Centre Pl
Newark, NJ
Borseso Investigation & Security Co Inc
(201) 798-7941
574 Newark Ave
Jersey City, NJ
IND Corporation
973-227-5020
14 Walsh Drive
Parsippany, NJ
Scotwork (NA) Inc.
(973) 428-1991
400 Lanidex Plaza
Parsippany, NJ
Cda
(973) 353-9550
569 Martin Luther King Jr Blvd
Newark, NJ
Hudson County Detective & Security Agency
(201) 451-7700
Po Box 386
Jersey City, NJ
High Tech Investigations
(973) 643-0355
318 Clinton Ave
Newark, NJ



When you're considering granting credit to new customers, evaluating the reliability of potential suppliers, or analyzing your company's own credit standing, it is a good idea to run a credit report. A typical business credit report provides a snapshot of a company's credit history, including how it pays its bills and manages other financial obligations. Using these reports can help you mitigate risk by identifying warning signs of potential customers' credit problems. They can also help you determine whether your company is an attractive credit prospect for its suppliers.

Be sure that your analysis of a credit report includes a review of the following areas:

  • Credit risk rating
    Many credit reports include a rating system designed to help you gauge potential risk of late or delinquent payments. These ratings are often based on an analysis of a variety of credit factors, such as past payment performance and legal filings, and can be used to help you quickly make a credit decision. A "high risk" rating should be taken seriously.
  • Payment history
    Analyze past payments for signs of how a company manages its bills. Look for timely payments, as well as trends. For example, if you notice that a prospect used to make minimum payments on credit cards and is now paying each month's balance in full, it may be a sign that the company has developed a stable revenue stream and is therefore a better credit risk. It's also a good idea to see how a business' payment history compares to other companies in the same field. This will tell you if its payment patterns are in line with industry norms. When reviewing your own report, keep an eye out for similar trends that your suppliers may notice.
  • Company information and background
    A credit report will include the company's name, address, and phone number, and may also have information on its business type, industry (by SIC or NAICS code), number of employees, sales figures, incorporation status, and key officers. Review this information to make sure it is consistent with your company's records. If it is not, be sure to contact the company for an explanation. Be on the lookout for fictitious company names designed to hide the true ownership of a business, which may be an indication that the company is trying to conceal information.
  • Legal issues
    A credit report will contain information about bankruptcy filings, outstanding lawsuits, liens and court judgments that can help you identify new clients that may be credit risks, or suppliers who may or may not be reliable. Be aware that many companies have, at one time or another, faced some kind of lawsuit or other legal proceeding, so the presence of a pending case may not necessarily be important. On the other hand, companies that have liens placed against them or have gone through bankruptcy proceedings should be assessed seriously.
  • Collection proceedings
    Does the company have a history of letting its bills lapse, or having accounts sent out to collection? Be aware that some late payments may be the result of disputes over merchandise or other non-financial issues.
  • Company age
    Take note of how long the company has been in business. In general, companies that have been around for a number of years are better at managing money than young companies. Young companies may also be good credit risks, but you may need to do more research to assess their creditworthiness. In the case of a new company, check the personal credit reports of company leaders to gain insight into how diligent they are about monitoring bills.
  • UCC filings


    A company's Uniform Commercial Code (UCC) filings will tell you about the liens and leases it has in place. Review this section of the report for clues about how a company uses credit. If it has a number of assets pledged as collateral on existing loans and/or has a high number of trade credit relationships with other businesses, it may be overextended. Take these factors into account before deciding to add your name to its list of creditors.


    • Featured Local Company

    Kompass

    (609) 469-0480
    50 Millstone Road
    East Windsor, NJ
    http://www.kompass.com/

    The worldwide B to B information system to link buyers and sellers. Contact your target market using our domestic and international data and/or be contacted advertising on www.kompass-usa.com.
    Read more about How to Read a Business Credit Report

    Related Articles
    - Credit Report New Jersey
    Whether you are aware of it or not, credit bureaus have been keeping tabs on you and how you use credit. When it's time for you to apply for a mortgage, credit card, or personal loan, your credit report is what lenders look at to decide to approve your application.
    - How To Get Free Annual Credit Report New Jersey
    - How To Get A Free Credit Report New Jersey
    - Correcting Errors On Credit Report New Jersey
    - Fixing Bad Credit Alone New Jersey
    - Personal Business New Jersey
    - Small Business Credit Cards New Jersey
    - How Good Credit Scores benefit People New Jersey
    - Credit After Bankruptcy New Jersey
    - How Web Masters Can Start A Home Based Business Using Credit Cards New Jersey
    Regional Articles
    - How to Read a Business Credit Report Absecon NJ
    - How to Read a Business Credit Report Asbury Park NJ
    - How to Read a Business Credit Report Atlantic City NJ
    - How to Read a Business Credit Report Barnegat NJ
    - How to Read a Business Credit Report Basking Ridge NJ
    - How to Read a Business Credit Report Bayonne NJ
    - How to Read a Business Credit Report Bayville NJ
    - How to Read a Business Credit Report Belle Mead NJ
    - How to Read a Business Credit Report Belleville NJ
    - How to Read a Business Credit Report Belmar NJ
    - How to Read a Business Credit Report Bergenfield NJ
    - How to Read a Business Credit Report Blackwood NJ
    - How to Read a Business Credit Report Bloomfield NJ
    - How to Read a Business Credit Report Boonton NJ
    - How to Read a Business Credit Report Bordentown NJ
    - How to Read a Business Credit Report Brick NJ
    - How to Read a Business Credit Report Bridgeton NJ
    - How to Read a Business Credit Report Bridgewater NJ
    - How to Read a Business Credit Report Browns Mills NJ
    - How to Read a Business Credit Report Burlington NJ
    - How to Read a Business Credit Report Caldwell NJ
    - How to Read a Business Credit Report Camden NJ
    - How to Read a Business Credit Report Cape May Court House NJ
    - How to Read a Business Credit Report Cape May NJ
    - How to Read a Business Credit Report Carteret NJ
    - How to Read a Business Credit Report Cherry Hill NJ
    - How to Read a Business Credit Report Clark NJ
    - How to Read a Business Credit Report Clementon NJ
    - How to Read a Business Credit Report Cliffside Park NJ
    - How to Read a Business Credit Report Clifton NJ
    - How to Read a Business Credit Report Collingswood NJ
    - How to Read a Business Credit Report Colonia NJ
    - How to Read a Business Credit Report Cranford NJ
    - How to Read a Business Credit Report Denville NJ
    - How to Read a Business Credit Report Deptford NJ
    - How to Read a Business Credit Report Dumont NJ
    - How to Read a Business Credit Report East Brunswick NJ
    - How to Read a Business Credit Report East Orange NJ
    - How to Read a Business Credit Report Eatontown NJ
    - How to Read a Business Credit Report Edison NJ
    - How to Read a Business Credit Report Egg Harbor Township NJ
    - How to Read a Business Credit Report Elizabeth NJ
    - How to Read a Business Credit Report Englewood NJ
    - How to Read a Business Credit Report Englishtown NJ
    - How to Read a Business Credit Report Ewing NJ
    - How to Read a Business Credit Report Fair Lawn NJ
    - How to Read a Business Credit Report Flemington NJ
    - How to Read a Business Credit Report Forked River NJ
    - How to Read a Business Credit Report Fort Lee NJ
    - How to Read a Business Credit Report Freehold NJ
    - How to Read a Business Credit Report Garfield NJ
    - How to Read a Business Credit Report Glassboro NJ
    - How to Read a Business Credit Report Hackensack NJ
    - How to Read a Business Credit Report Hackettstown NJ
    - How to Read a Business Credit Report Haddon Township NJ
    - How to Read a Business Credit Report Haddonfield NJ
    - How to Read a Business Credit Report Haledon NJ
    - How to Read a Business Credit Report Hammonton NJ
    - How to Read a Business Credit Report Hazlet NJ
    - How to Read a Business Credit Report Hightstown NJ
    - How to Read a Business Credit Report Hillside NJ
    - How to Read a Business Credit Report Hoboken NJ
    - How to Read a Business Credit Report Holmdel NJ
    - How to Read a Business Credit Report Howell NJ
    - How to Read a Business Credit Report Irvington NJ
    - How to Read a Business Credit Report Iselin NJ
    - How to Read a Business Credit Report Jackson NJ
    - How to Read a Business Credit Report Jersey City NJ
    - How to Read a Business Credit Report Kearny NJ
    - How to Read a Business Credit Report Keyport NJ
    - How to Read a Business Credit Report Lakehurst NJ
    - How to Read a Business Credit Report Lakewood NJ
    - How to Read a Business Credit Report Linden NJ
    - How to Read a Business Credit Report Livingston NJ
    - How to Read a Business Credit Report Long Branch NJ
    - How to Read a Business Credit Report Lyndhurst NJ
    - How to Read a Business Credit Report Madison NJ
    - How to Read a Business Credit Report Mahwah NJ
    - How to Read a Business Credit Report Manahawkin NJ
    - How to Read a Business Credit Report Manchester Township NJ
    - How to Read a Business Credit Report Maple Shade NJ
    - How to Read a Business Credit Report Maplewood NJ
    - How to Read a Business Credit Report Marlboro NJ
    - How to Read a Business Credit Report Marlton NJ
    - How to Read a Business Credit Report Matawan NJ
    - How to Read a Business Credit Report Mays Landing NJ
    - How to Read a Business Credit Report Medford NJ
    - How to Read a Business Credit Report Merchantville NJ
    - How to Read a Business Credit Report Metuchen NJ
    - How to Read a Business Credit Report Middletown NJ
    - How to Read a Business Credit Report Millville NJ
    - How to Read a Business Credit Report Monroe Township NJ
    - How to Read a Business Credit Report Montclair NJ
    - How to Read a Business Credit Report Moorestown NJ
    - How to Read a Business Credit Report Morganville NJ
    - How to Read a Business Credit Report Morris Plains NJ
    - How to Read a Business Credit Report Morristown NJ
    - How to Read a Business Credit Report Mount Holly NJ
    - How to Read a Business Credit Report Mount Laurel NJ
    - How to Read a Business Credit Report Neptune NJ
    - How to Read a Business Credit Report New Brunswick NJ
    - How to Read a Business Credit Report Newark NJ
    - How to Read a Business Credit Report Newton NJ
    - How to Read a Business Credit Report North Arlington NJ
    - How to Read a Business Credit Report North Bergen NJ
    - How to Read a Business Credit Report North Brunswick NJ
    - How to Read a Business Credit Report Nutley NJ
    - How to Read a Business Credit Report Ocean City NJ
    - How to Read a Business Credit Report Old Bridge NJ
    - How to Read a Business Credit Report Orange NJ
    - How to Read a Business Credit Report Palisades Park NJ
    - How to Read a Business Credit Report Paramus NJ
    - How to Read a Business Credit Report Parlin NJ
    - How to Read a Business Credit Report Parsippany NJ
    - How to Read a Business Credit Report Passaic NJ
    - How to Read a Business Credit Report Paterson NJ
    - How to Read a Business Credit Report Pennsauken NJ
    - How to Read a Business Credit Report Perth Amboy NJ
    - How to Read a Business Credit Report Phillipsburg NJ
    - How to Read a Business Credit Report Piscataway NJ
    - How to Read a Business Credit Report Plainfield NJ
    - How to Read a Business Credit Report Plainsboro NJ
    - How to Read a Business Credit Report Pleasantville NJ
    - How to Read a Business Credit Report Point Pleasant Beach NJ
    - How to Read a Business Credit Report Princeton Junction NJ
    - How to Read a Business Credit Report Princeton NJ
    - How to Read a Business Credit Report Rahway NJ
    - How to Read a Business Credit Report Ramsey NJ
    - How to Read a Business Credit Report Red Bank NJ
    - How to Read a Business Credit Report Rockaway NJ
    - How to Read a Business Credit Report Rutherford NJ
    - How to Read a Business Credit Report Sayreville NJ
    - How to Read a Business Credit Report Scotch Plains NJ
    - How to Read a Business Credit Report Secaucus NJ
    - How to Read a Business Credit Report Sewell NJ
    - How to Read a Business Credit Report Sicklerville NJ
    - How to Read a Business Credit Report Somerset NJ
    - How to Read a Business Credit Report Somerville NJ
    - How to Read a Business Credit Report South Amboy NJ
    - How to Read a Business Credit Report South Orange NJ
    - How to Read a Business Credit Report South Plainfield NJ
    - How to Read a Business Credit Report South River NJ
    - How to Read a Business Credit Report Summit NJ
    - How to Read a Business Credit Report Teaneck NJ
    - How to Read a Business Credit Report Toms River NJ
    - How to Read a Business Credit Report Trenton NJ
    - How to Read a Business Credit Report Tuckerton NJ
    - How to Read a Business Credit Report Union City NJ
    - How to Read a Business Credit Report Union NJ
    - How to Read a Business Credit Report Vincentown NJ
    - How to Read a Business Credit Report Vineland NJ
    - How to Read a Business Credit Report Voorhees NJ
    - How to Read a Business Credit Report Wayne NJ
    - How to Read a Business Credit Report West Milford NJ
    - How to Read a Business Credit Report West New York NJ
    - How to Read a Business Credit Report West Orange NJ
    - How to Read a Business Credit Report Westfield NJ
    - How to Read a Business Credit Report Westwood NJ
    - How to Read a Business Credit Report Williamstown NJ
    - How to Read a Business Credit Report Willingboro NJ
    - How to Read a Business Credit Report Wyckoff NJ
    Related Local Events
    YP Charitable Networking Event
    Dates: 12/1/2009 - 12/31/2009
    Location: YP Multi-Group Mixer
    Montclair, NJ
    View Details
    Speed Networking
    Dates: 11/17/2009 - 11/17/2009
    Location: Crowne Plaza
    Edison, NJ
    View Details
    Networking Over Breakfast
    Dates: 11/13/2009 - 11/13/2009
    Location: NJRCC
    Clifton, NJ
    View Details
    Networking Business Expo
    Dates: 11/10/2009 - 11/10/2009
    Location: Union High School, Louis Rettino Gym
    Union, NJ
    View Details
    Board of Directors Meeting
    Dates: 11/10/2009 - 11/10/2009
    Location: Renaissance Woodbridge Hotel
    Iselin, NJ
    View Details
    Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
    Topics:
    Advertising Family Home Services Real Estate Resources
    Business Services Fashion Industrial Goods & Services Retail & Consumer Services
    Career Financial Services Insurance Software
    Cars Food & Beverage Internet Technology
    Computer Hardware Franchise Legal Telecommunications
    Construction Health Miscellaneous Trade Shows
    Education Holidays Nightlife Travel
    Entertainment Home Appliances Online Database Weddings
    Environmental Home Electronics Pets World History
    Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
    Copyright © BET Information Systems, Inc. All rights reserved.