Who is better? D&B, Experian, or Equifax?
Posted on January 18, 2012
This is a great question. Unfortunately, IF a company reports, they usually do so to only one of the three major bureaus. Therefore, each bureau may have completely different information. Using only one of these sources leads to turning down good deals because there was not enough information and approving risky deals because you didn't know about all of the collection placements listed in a bureau you weren't using. If you are reviewing a large deal it is prudent to use all three along with any industry specific data sources and the recently launched national NACM report that houses large amounts of industry specific data never seen by the big three bureaus. So to answer the question, no one bureau is better than another. But there is a way to find the information from all three without buying three different reports. www.commercialcreditreports.com integrates D&B, Experian, and Equifax into one report because of this issue and is a great resource for finding which bureau is best for your industry. Using cross-bureau reports along with industry specific data and your local NACM will allow you to approve more good deals with larger credit lines and appropriately set terms on potential riskier deals to help grow your company.