Equifax, one of the three major credit reporting agencies, has apparently shifted some of its focus to small businesses.  The company has launched a new service aimed specifically at small business customers, which will in turn allow them to build on their own credit monitoring performance and more closely follow the state of credit health the small businesses are in.

Through a new tab on the company’s website, customers are now able to purchase business credit reports, of which there are over 24 million on record, according to Equifax.  The site will also offer small businesses support with information that could help them reduce losses and establish business credit.  
Just remember to fill out those TPS reports

The benefit of one of these small business credit reports from Equifax is that any company can now more practically manage both their customer base and their business partners as well, which can help them to drastically cut down on losses.  The company also offers alerts on bankruptcies, as well as charge-offs, judgments, and liens.

Simply put, this means any business that wishes to do business with another business can now check that business’ credit report and records before they decide if they can do business together.

Hopefully, this shift in focus will actually allow Equifax to strengthen their credit monitoring operation, which can make credit repair less of a hassle for individual consumers.  Perhaps if this new venture produces positive results for them with small businesses, they can take some of the lessons learned and transfer them to the personal sector as well.

After all, anything a major credit reporting agency can do to help people who want to get a handle on fixing credit will only improve the current level of credit education we seem to have.