What account types are eligible for an On-Demand Account Verification and reported to Business Credit Bureaus?

 

To be considered an Eligible Business Account, payments must be made monthly, or no less than quarterly, for business expenses such as:

1. Office/warehouse/storage rental
2. Furniture and equipment leasing
3. Business Insurance
4. Accounting
5. Marketing
6. Payroll
7. Advertising
8. Legal

Service providers must be a) readily recognized as a legitimate business entity, or b) verifiable in accordance with eCredable’s internal verification standards. eCredable reserves the right to determine the eligibility of any service provider. If a provider is accepted, the payment information it provides can include up to 24 months of payment history, which can include prompt, slow, or past due payments.

Accounts not eligible for manual verification include, but are not limited to:

1. Financial services such as banks and credit unions, credit card companies
2. Business credit counseling
3. International companies
4. Accounts paid to a business or individual that cannot be verified as a legitimate business entity