Check Your Credit
Get Your 3-Bureau Credit Report and FICO Scores
Before applying for business financing, knowing personal credit scores and credit history is essential. Most business lenders consider the owner’s personal credit when evaluating applications for working capital, equipment financing, or business lines of credit.
Checking a 3-bureau credit report and FICO Scores helps business owners:
- See the complete credit profile business lenders will review
- Catch credit report errors that could be lowering scores
- Detect identity theft and fraudulent accounts early
- Understand approval odds before applying
MyScoreIQ provides instant access to credit reports and FICO Scores from all three major credit bureaus, Experian, Equifax, and TransUnion, for just $1 for 7 days.
After the trial period, service continues at $29.99/month or can be cancelled at any time. No long-term commitment is required.
What’s Included in the Credit Monitoring Service
MyScoreIQ provides comprehensive credit monitoring and identity protection for business owners:
- 3-Bureau Credit Reports & FICO Scores – Complete reports from Experian, Equifax, and TransUnion
- Daily Credit Monitoring – Real-time alerts for new accounts, inquiries, and credit report changes
- Dark Web Monitoring – Detects compromised personal information before it’s used fraudulently
- Fraud Restoration Services – U.S.-based support including lost wallet protection
- $25,000 Identity Theft Insurance – Coverage for fraud-related expenses and recovery costs
Important: Checking credit reports through MyScoreIQ uses a soft inquiry that will not affect credit scores, unlike hard inquiries from actual financing applications.
Why Business Owners Should Check Credit Reports Regularly
1 in 5 credit reports contains errors that could lower credit scores and affect business financing approval odds. Many business owners don’t discover these errors until they’re denied for working capital or equipment financing.
- Common credit report issues that impact business loan applications:
- Incorrect late payments or delinquencies
- Fraudulent accounts from identity theft
- Wrong credit limits reducing available credit ratios
- Outdated collection accounts that should have been removed
- Mixed credit files (information from another person with a similar name)
Lenders typically require personal credit scores of 650+ for most business financing options. A single error dropping scores by 20-30 points can mean:
- Loan denial instead of approval
- Higher interest rates costing thousands over the loan term
- Smaller loan amounts than needed
- Requirement for additional collateral
Reviewing a complete 3-bureau credit report before applying allows business owners to identify and dispute errors, ensuring the strongest possible application.
Why Business Lenders Check All Three Credit Bureaus
Business lenders don’t all use the same credit bureau. Some pull from Experian, others use Equifax or TransUnion. Checking only one bureau leaves blind spots that could derail a business financing application.
What Business Owners Risk Missing:
- Credit report errors that appear on only one or two bureaus
- Fraudulent accounts not yet reported to all three bureaus
- Score differences of 20–50 points between bureaus that could change approval odds
FICO Score Differences Between Bureaus:
FICO Scores often vary between Experian, Equifax, and TransUnion because each bureau maintains its own version of credit history. One bureau might show a 680 score while another shows 720—a difference that significantly impacts:
- Approval likelihood for business financing
- Interest rates offered (higher scores = lower rates)
- Loan amounts available
- Whether collateral is required
Reviewing all three credit reports and FICO Scores before applying for business financing eliminates surprises and ensures applications are submitted with complete, accurate information.
Frequently Asked Questions
Will checking my credit report hurt my credit score?
No. Checking your own credit report through MyScoreIQ is a soft inquiry and does not impact your credit score. Only hard inquiries from actual financing applications can temporarily lower your score by a few points.
How often should I check my credit report?
Financial experts recommend reviewing your credit reports from all three bureaus at least once per year—or more frequently when preparing to apply for business financing. MyScoreIQ provides daily monitoring so you receive alerts whenever changes occur to your credit reports.
What’s the difference between a credit report and a credit score?
A credit report details all your credit accounts, payment history, inquiries, and public records. A FICO Score is a three-digit number (300-850) derived from that data that shows lenders how you manage credit. Business lenders review both when evaluating financing applications.
Why do I need FICO® Scores instead of free credit scores?
FICO® Scores are used by 90% of top lenders when making credit decisions for business financing. Free credit monitoring services often provide educational scores that differ from the ones lenders use.
Can I cancel after getting my credit reports?
Yes. You can cancel during the 7-day trial period if you only need your initial credit reports, or at any time if you decide to keep the service for ongoing monitoring and identity theft protection. There is no long-term commitment.
Is my personal information safe?
MyScoreIQ uses bank-level encryption and industry-leading security protocols to protect your personal and financial information. The service includes $25,000 in identity theft insurance and U.S.-based fraud restoration support.
What’s Included in a 3-Bureau Credit Report
When accessing credit reports from all three bureaus, business owners can review:
- Personal Information – Name, address, Social Security number, date of birth, employment history
- Credit Accounts – All open and closed credit cards, loans, and lines of credit with current balances
- Payment History – On-time and late payments for the past 7-10 years (one of the most crucial credit score factors)
- Credit Inquiries – Hard inquiries from financing applications and soft inquiries from background checks
- Public Records – Bankruptcies, tax liens, or civil judgments (if applicable)
- Credit Utilization – Percentage of available credit currently being used across all accounts
Reviewing complete credit reports from Experian, Equifax, and TransUnion helps business owners identify errors before they impact financing applications, spot identity theft early, and understand precisely what business lenders see when evaluating creditworthiness.
Check Your Credit Report Before Applying for Business Financing
Don’t let credit report errors or identity theft derail business financing applications. Review complete 3-bureau credit reports and FICO Scores now to ensure accurate information and the strongest possible approval odds.
Get instant access to credit reports from all three bureaus, Experian, Equifax, and TransUnion.
$1 for 7 days. Cancel anytime. Soft inquiry won’t affect your credit score.
FICO® is a registered trademark of Fair Isaac Corporation. Identity theft insurance and related services are provided by MyScoreIQ and subject to their terms. BorrowPartner may earn a referral fee at no extra cost to you if you use this service.
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Applying for funding with BorrowPartner does not affect your personal credit score