Report Your Transactions To The Major Credit Bureaus Once you determine the requirements of credit bureaus, the next step should be to report your transactions and financial undertakings to the major creidt burueaus today. Provide copies of your reports to agencies like Experian, Equifax, Dun And Bradstreet, Business Credit USA and others. And while some credit monitoring agencies brag about their daily monitoring, the truth is that it s not as real-time as advertised, since many creditors often are late, or incur delays, when reporting new data to the credit bureaus. There are other alternatives to credit monitoring services though. The choices include identity-monitoring services, which cost less, and provide you with a fair amount of credit report monitoring for free. Keep Your Credit Score High One of the best defenses during a crippling economic crisis is by keeping your credit score high. Also try opening a new credit card account; however, remember to keep your total revolving debt ratio to just 30% below your credit limit, so that you can rack up as much as 50 points to your credit score. Avoid signing-up for the various credit card offerings you receive in the mail, as well as from the department store or mall clerks who want you to sign up for store discount cards. Remember to only apply for credit that you really need, and can afford to pay. For example, while a home mortgage is an essential expense, an expensive weekend boating trip, or a costly car accessory is surely not a sound expense. Unpaid Medical Bills Can Affect Your Credit Rating Unpaid medical bills can do a lot of damage to your credit score. Once these are turned over to a collection agency, the bad news will certainly be circulated aorund the lending community. Non-Payment Of Apartment Rentals Defaulting on your apartment rental payments can also add to your credit rating woes. Every business entity that borrows will generally have a business credit profile, from which the business credit score is taken from. While a number of firms track business profiles, the main business profile tracker is the Paydex system, which works like the FICO score for personal credit score. Why Monitoring The Credit Report Is Important For Small Business Owners One of the most important aspects that aspiring business owners needs to do, is monitor their credit report.