Important D & B Updates

D&B has updated Financial Stress Score (FSS) and Supplier Evaluation Score (SER) will be available in all D&B information delivery systems. The updated FSS and SER scores now use additional elements to predict the likelihood of business failure or default, making it 26% more predictive than the previous Financial Stress Score model.

The new scoring model normalizes the distribution of companies across the Risk Classes. Therefore, a Risk Class score of “3” now represents a median risk assessment where “1″ was the median assessment with the previous score model.

As you can read, there is much more to a D & B score than just the Paydex score. In today’s financial world, the D & B profile on your company is a key component for banks to determine if they will lend you money, whether or not vendors will work with you and other important financial decisions.

Call Fast Business Credit at 1-888-313-6333 to receive a FREE CD (for a limited time) covering great detail on costly mistakes to avoid when building your business credit profile with D & B (and other important financing tips)!