This ad will close in

Is Credit Due?

Instant credit info, e-mail indicators.

It's always a tough call when a business that's a new client asks you to extend credit on a purchase. Say no, and you'll probably blow the sale. Or say yes, only to discover the customer is a deadbeat.

Now you can get credit data online, fast and at a comparatively low cost, at CreditFYI ( The site features full reports on many small businesses, with a special emphasis on companies with sales under $5 million. How does it work? Key in basic customer information (name and address), and in about one minute, you'll get a "CreditFYI Evaluation," a thorough assessment of a company's creditworthiness.

How good is the data? Most of CreditFYI's information comes from Experian, a major player in providing credit reports, and the site is operated by Fair, Isaac, a NYSE company with a long history in credit-scoring technologies. The cost of each report is $14.95. If there's insufficient data to generate a full-scale evaluation, you'll get a "CreditFYI Summary" for $4.95. In both cases, CreditFYI stresses that it isn't making credit decisions for you--that's still up to you. But with CreditFYI, you get the information you need to make shrewd, sound decisions--fast.

To contact Robert McGarvey, visit his Web site at

Page 1 2 3 4 Next »

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the December 1998 print edition of Entrepreneur with the headline: Is Credit Due?.

Loading the player ...

3 Things Video Games Can Teach You About Being a Better Business Leader

Ads by Google

0 Comments. Post Yours.

Most Shared Stories

The 3 Attributes to Look for in Top Talent
5 Key Characteristics Every Entrepreneur Should Have
14 Books Every Entrepreneur Should Read in '14
Steve Jobs' 13 Most Inspiring Quotes
The 7 Books Every Entrepreneur Needs to Read When They're Discouraged

Trending Now