Difference between revisions of "Accounting Finance:Equifax and Trade Reference Checks"
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| + | ==Overview== |
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| + | This article will show step-by-step procedures on how to: |
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| + | *Print a consumer credit report |
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| + | *Print a business credit report |
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| + | *Request a single item report |
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| + | *Request a full investigative report |
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| + | *Request a trade reference check |
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| + | ==Turn around period & Check Requirements== |
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| + | *No account should be set up without prior approval by management |
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| + | *All credit checks should be completed with 2 business days (48 hours) |
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| + | |||
| + | *Shareholders – all checks are required (consumer, business, bank, and trade references) |
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| + | *Customer/Associate Member |
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| + | **Equifax score (0-20) (only consumer and business credit reports are required) |
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| + | **Equifax score (21-30) (all checks are required) |
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| + | **Equifax score (>31) (applicant rejected unless approved by management) |
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| + | **No Equifax report – (bank and references checks are required) |
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| + | *GA & GSA <all accounts < 1 year in business are required to submit a GA & GSA. This is required before we set up and generate a customer number) |
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Revision as of 12:28, 10 April 2017
Overview
This article will show step-by-step procedures on how to:
- Print a consumer credit report
- Print a business credit report
- Request a single item report
- Request a full investigative report
- Request a trade reference check
Turn around period & Check Requirements
- No account should be set up without prior approval by management
- All credit checks should be completed with 2 business days (48 hours)
- Shareholders – all checks are required (consumer, business, bank, and trade references)
- Customer/Associate Member
- Equifax score (0-20) (only consumer and business credit reports are required)
- Equifax score (21-30) (all checks are required)
- Equifax score (>31) (applicant rejected unless approved by management)
- No Equifax report – (bank and references checks are required)
- GA & GSA <all accounts < 1 year in business are required to submit a GA & GSA. This is required before we set up and generate a customer number)