Becoming an Experian data contributor is easy. 

Simply contact MCB Business Credit to sign-up for the service and start forwarding us your accounts receivables. 

Here are just a few of the many great benefits of contribution:

• Experian only accepts third-party sourced trade data – no self-reporting allowed. 
• Self-reporting can be inaccurate and biased.
• Reporting your experience encourages your customers to pay promptly.
• You will receive discounted pricing on business credit reports.
• Alert other credit report users to slow-pays and other credit issues.
• Reward prompt-paying customers by helping them build good credit histories.
• Gain debt collection leverage.
• Trade displays by business category
• No self-reported data
• Not used for marketing
• Access limitations

Financial inclusion

Help your customers establish and grow their commercial credit. Improved credit visibility means greater access to more favorable business loans and lines of credit, lower rates for insurance, and longer terms from vendors and suppliers. As these businesses gain access to the financing they need to succeed, they can increase their relationships with the companies they work with.

On-time payments

Contributing your customers’ payment behaviors provides overall account visibility to business owners. This transparency provides them with a better understanding of how creditors and lenders view their credit performance. Having this knowledge, they can make a positive impact to their credit and scores by paying on time to those companies that contribute.

Broader views and access 

When you and other businesses contribute customer payment behavior, you provide a more complete view of their credit performance. By doing so, it means more experiences with the customer will be included to provide a more objective and accurate picture of a customer’s risk.

Data contribution to a credit bureau can have significant benefits for establishing a commercial credit presence. As Experian highlights, many businesses, even those with a long history, may not have an established credit profile. By contributing data to a credit bureau, businesses can accelerate the process of building a stable and mature credit profile, which in turn can increase access to capital and better terms. This is especially important for emerging businesses that need continued access to credit to survive and thrive. In short, early data contribution can dramatically improve a business’s creditworthiness and chances of success.

In the case study, we see that younger businesses without a credit score are at high risk. How would the risk of these businesses have changed if this utility company had been contributing their portfolio accounts receivable data to a bureau? We know that businesses reach an average score of 50 around 5 to 8 years of being established on a credit bureau. By contributing a commercial portfolio to a bureau, the data provider will increase the likelihood of success for every business in their portfolio. And, in turn, every business in their portfolio will likely become lower risk and better customers.