Why is it important to have my bill payment information verified?

 

In the event your business credit score isn’t as high as you need it to be, there are a couple of ways manually verifying your accounts might help.

1. Adding Months of Payment History to a Linked Account: When you link your business phone, internet, or utilities, eCredable will attempt to download all the available payment history in your online account on the service provider’s website – up to 24 months. If your account is 24 months old, but 24 months of payment history was not available for download, the additional payment history can be manually verified and reported to business credit bureaus to be added to your business credit report(s). In this event, you would place a verification order for the account(s) which you wish to have verified, and eCredable will take care of the rest. The account(s) payment history will be manually verified by eCredable’s verification partner and reported the next time eCredable sends updates to the business credit bureau(s). Reporting additional on-time payment history can have a positive impact on your business credit score(s).

2. Adding an Eligible Unlinked Account: eCredable works with some business credit bureaus that will accept eligible accounts you are unable to link, such as office rent, business insurance, business services, office furniture, equipment leases, and legal services. Reporting these types of accounts may also have a positive impact on your business credit score(s).

NOTE: At this time, eCredable ONLY reports manually verified accounts to Equifax, and Creditsafe. Manually verified accounts will only be reported once per verification order and will age naturally over time in your Equifax and Creditsafe Credit Report. Each business credit bureau has its own credit reports and policies regarding information aging, but it's typical that accounts drop off your business credit reports after 36 months if they have not been updated.