Comments on: Welcome to the New Small Business Blog http://blog.equifax.com/small-business/welcome-to-the-new-small-business-blog/ Wed, 22 May 2013 10:50:49 +0000 hourly 1 http://wordpress.org/?v=3.5 By: EFX Moderator, EM http://blog.equifax.com/small-business/welcome-to-the-new-small-business-blog/#comment-16034 EFX Moderator, EM Wed, 27 Feb 2013 20:19:53 +0000 http://blog.equifax.com/?p=4731#comment-16034 Thank you, Godwin. I hope you are enjoying our new small business section. We want it to be very useful for small business owners, whether they’re just starting out or they’ve been at it for 50 years.

]]> By: Godwin Gruber http://blog.equifax.com/small-business/welcome-to-the-new-small-business-blog/#comment-15866 Godwin Gruber Thu, 21 Feb 2013 12:19:03 +0000 http://blog.equifax.com/?p=4731#comment-15866 It’s difficult for small business owners to survive. Equifax is doing good to offer some tools and solutions which helps small business owners to meet their needs.

]]> By: Demitra Wilson, Equifax Corporate Communications http://blog.equifax.com/small-business/welcome-to-the-new-small-business-blog/#comment-15649 Demitra Wilson, Equifax Corporate Communications Wed, 13 Feb 2013 17:20:47 +0000 http://blog.equifax.com/?p=4731#comment-15649 Hi, Doug. Thank you for being the first to comment on our new small business category on the Equifax Finance Blog. We appreciate your business and your feedback. We are constantly working to improve our products. I will share your concerns and ideas with our product team.

]]> By: Doug http://blog.equifax.com/small-business/welcome-to-the-new-small-business-blog/#comment-15593 Doug Tue, 12 Feb 2013 16:02:54 +0000 http://blog.equifax.com/?p=4731#comment-15593 I commend you for helping small business owners understand business credit and for requesting suggestions. The one thing most small business owners can’t afford to waste is their time, tools and solutions should help them save that precious commodity.

Towards that end, I’d suggest that when Equifax sells a business a copy of it’s own credit report, it should do a better job of explaining that the $99.95 report is pretty much useless since it is only a summary of their credit report. For example, what if a business owner needs to know which creditor reported information that is showing up on the report? They wouldn’t be able to ascertain that information from the summary. What to do?

It would be then helpful to know that for $25 more a business can purchase a “detailed” credit report that actually shows each account that makes up the summary report. If this option is on the website, I did not see it.

It would further be helpful to know that even when the business owner gets the “detailed” credit report on his/her business, it really isn’t all that detailed since Equifax has chosen to omit their “subscribers” name from the report. Yup, that’s right! The person that just paid $125 for the business credit report and waited for it to be sent in the MAIL gets to go through all of their vendor files and do their best to match up account numbers with the report! How convenient! To quote a phrase made popular by Sweet Brown, “ain’t nobody got time for that!” And it get’s even better when after diligently looking through drawers of vendor files and not coming up find a file from an account that has been paid off and closed! Yay!!!

Hours of productivity lost and for what? Consumer reports are detailed from the start. Business owners should be entitled to the same level of reporting in order to make decisions about operating and growing their business.

Thanks!

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