PayNet, Inc. manages a data repository whose primary focus is term payment history information (more than one year) for the commercial equipment finance industry. Their data repository is one of the nation's largest online sources of term payment history information used for credit decision purposes. This depth of information makes PayNet business credit reports an ideal tool for decisioning credit applications and managing portfolios.
The PayNet small business Credit History Report for Commercial lenders includes:
Borrower Profile
Equipment Credit Scores
Summary of borrower’s equipment lease and loan
obligations
CHR Plus includes Bankruptcies, Liens, Judgments and UCC filings
The PayNet Credit History Report is a rich source of data on equipment financing transaction and business credit information necessary for financing small business loans.