Important D & B® Updates

D & B® has updated Financial Stress Score (FSS) and Supplier Evaluation Score (SER) will be available in all D & B® information delivery systems. The updated FSS and SER scores now use additional elements to predict the likelihood of business failure or default, making it 26% more predictive than the previous Financial Stress Score model.

The new scoring model normalizes the distribution of companies across the Risk Classes. Therefore, a Risk Class score of “3” now represents a median risk assessment where “1” was the median assessment with the previous score model.

As you can read, there is much more to a D & B® score than just the Paydex score. In today’s financial world, the D & B® profile on your company is a key component for banks to determine if they will lend you money, whether or not vendors will work with you and other important financial decisions.

Call Fast Business Credit at 1-888-313-6333 to receive a FREE CD (for a limited time) covering great detail on costly mistakes to avoid when building your business credit profile with D & B® (and other important financing tips)!

About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to http://www.FastBusinessCredit.com or call FBC at 1-888-313-6333 or 702-977-5246.