Keeping Tabs on Your Business Credit: Top Credit Monitoring Options

Keeping an eye on your business credit is key to financial growth and stability. With various services available, it’s important to choose the right one for your needs. In this blog, we’ll highlight some top credit monitoring options and their pros and cons to help you find the best fit for your business.

1. Nav

Nav is a go-to credit monitoring service that lets you keep an eye on your business credit scores from the big three: Dun & Bradstreet, Equifax, and Experian. It offers a full picture of your company’s credit health, helping you see what lenders and vendors might think of your business. While the free version gives you basic reports, the paid plans unlock deeper insights and real-time alerts on any changes—so you’re always in the loop. It's a smart, all-in-one tool for business owners who want to stay credit-savvy.

Pros:

• Access to reports from all three bureaus.

• Free and paid plans with additional insights.

• Personalized financing options based on your credit profile.

Cons:

• The most detailed reports require a paid subscription.

  
  

2. CreditSignal by Dun & Bradstreet

Dun & Bradstreet’s CreditSignal service helps you stay updated on changes to your business’s Paydex score, which is D&B’s proprietary credit score that rates your business's payment performance. It alerts you when your Paydex score changes, giving you a snapshot of your business’s creditworthiness. However, CreditSignal doesn't offer detailed reports or full account insights unless you upgrade to Dun & Bradstreet’s paid CreditBuilder service, which provides more in-depth information and tools to help you build your business credit profile.

Pros:

• Free alerts for changes to your D&B scores.

• Easy to use and focused on business credit only.

• Focuses on the Paydex score, a key component used by lenders.

Cons:

• Only monitors Dun & Bradstreet data, not Equifax or Experian.

• No detailed credit report unless you purchase CreditBuilder.

  
  

3. Business Credit Advantage by Experian

Experian’s Business Credit Advantage provides in-depth reports, credit monitoring, and daily alerts for any changes to your business credit profile. It also includes information about credit inquiries and factors that could impact your business’s score. Business Credit Advantage is a widely-used service, especially for businesses looking to proactively manage their credit. It draws from Experian’s Intelliscore Plus model, which helps predict credit risk for businesses. While it’s more focused on Experian data, it’s a popular choice for those seeking comprehensive business credit monitoring with additional identity protection tools like dark web surveillance

Pros:

• Real-time alerts and unlimited access to your Experian business credit report.

• Real-time alerts for any changes.

Cons:

• Only monitors Experian, leaving out D&B and Equifax.

• No free plan, only paid options.

  
  

4. Equifax Business Credit Monitoring

Equifax provides business credit monitoring services that offer reports detailing your business’s credit history, payment trends, and risk scores.This service allows business owners to track their business credit report and receive alerts for important changes, such as drops in their Small Business Credit Risk Score™ or the Business Failure Risk Score™. These alerts help you stay informed about any adverse changes, such as new judgments, liens, or bankruptcies filed against your business.

Pros:

• Monitors Equifax-specific business credit data and offers detailed insights.

• Timely alerts for any major changes to your business credit.

Cons:

• Doesn’t monitor Dun & Bradstreet or Experian.

• No free service is available, only paid access.

  
  

5. CreditSafe

A unique option for business credit is CreditSafe. It offers international credit monitoring and reporting services and is especially useful for businesses with international operations, as it provides credit reports from multiple countries. Unlike traditional business credit bureaus like Dun & Bradstreet or Experian, Creditsafe is known for offering quick and easy access to a company's credit score, credit limit recommendations, and financial data such as payment trends and trade history.

Pros:

• International coverage for businesses with global operations.

• Detailed risk assessments and industry benchmarking.

Cons:

• Can be more expensive than domestic-focused credit monitoring services.

• Primarily used by larger companies with international interests.

Conclusion:

When it comes to monitoring your business credit, using services like Nav or CreditSignal can provide you with valuable insights into your business’s creditworthiness. Depending on whether you need international monitoring or U.S.-focused reporting, there are several options to choose from. Monitoring your business credit regularly ensures you’re aware of any changes and can maintain a strong credit profile for future business needs.