The Importance of Credit Reports

With the New Year here, January serves as a good time for small business owners to check their company’s credit reports, according to this article. Often times, this simple but important task is overlooked and can greatly affect the image of one’s business.

For example, if a small business credit report is inaccurate or out-of-date, it allows creditors to form negative opinions. These opinions aren’t just confined to small businesses, but any business, large- and medium-sized alike, that become complacent with their credit standings and aren’t looking actively for ways to improve.

Small business owners obviously have a lot of responsibilities and duties to worry about, but taking care of credit should be on the top of the list, according to the article. In order to relieve headaches in other areas of the business, like alternative forms of spending for employees, we suggest business prepaid debit cards.

Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.