Are Dun & Bradstreet Satisfying Your Credit Information Needs

When you are a business who needs credit information in the equipment leasing industry there are many resources you can utilize. D&B, Dun and Bradstreet are perhaps the longest standing name in the business. While D&B have their place, there are other means of getting your credit information.

When you are looking for a credit reporting agency within the leasing industry you want to have a few things clear. Figure in these bars as pretty average metrics; if the company you are working with isn't able to compete you may have to look elsewhere.

• The integrity of the data is maybe the whole bread and butter; if you are dealing with information that is somehow corrupted, you might as well not be dealing in transmission of data at all.
  
• You can't be dealing with a company who allows self-reporting of information. You should always have an outside 3rd party source so that you know the information is not wrong or otherwise biased.
  
• You want the freshest data; picked within hours of the report hitting your desk.
  
• You want to be dealing with a company who has access to business and personal credit records.
  

D&B have been around for quite a while and they are certainly a valuable resource. However when comparing the D&B, Dun and Bradstreet numbers against Experian, other credit agencies may be doing some parts of the business better. Experian consistently beat D&B on small to medium sized business hit rates. Tests conducted over that time period had Experian at rates as high as 72% with D&B cresting at 45%. That's a pretty sharp differential.

Whatever your decision on which company you use, you need to think about your needs; the business's needs. The days of only using one reporting agency for all your credit needs is just no longer applicable. If D&B continues to suffer lagging scores on more modern metrics, then moving forward your business will inevitably begin to suffer. Don't let that happen to your business; seek out a second set of eyes from Experian, Equifax, and Paynet Business reports and then you be the judge.

If D&B only are not satisfying your businesses information needs, you at least owe it to your business to find out if you can't be operating more efficiently by letting Experian, Equifax, and Paynet fill in the gaps within the equipment leasing industry to make better informed credit decisions.


Sources:

www.dnb.com

www.cmbcollect.com/credit_reports