What is a good PayNet score?
|Score Range||Risk Description||Bad Rate|
|660 – 699||Low – Medium||Low – Medium|
|630 – 659||Medium||9.0% to 4.1%|
|590 – 629||Medium – High||21% to 9.1%|
|500 – 589||High||Greater than 21%|
What is PayNet credit?
PayNet® helps commercial lenders make better decisions. We provide private company credit assessments plus insights about Main Street’s access to capital.
What’s a good Equifax business Delinquency Score?
Equifax Delinquency Scores
|Business Delinquency Financial Score||101-750|
|Business Delinquency Risk Class||1 – 5 (risk categories)|
|Business Delinquency Financial Risk Class||1 – 5 (risk categories)|
|Early Default Score||0-100|
Is 717 a good cibil score?
A 717 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.
Is PayNet owned by Equifax?
Equifax Inc., (NYSE: EFX) a global data, analytics and technology company has acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canadian markets.
Is PayNet a credit bureau?
PayNet is a business credit reporting agency with a database containing over 22 million contracts from small business loans, leases, and lines of credit.
What is PayNet number?
You may reach this individual at 888-407-0359, Option 4, Option 2. This should be via an automated reporting file or a replacement file.
What is Equifax Risk Score?
What is Equifax Risk Score? The Equifax Risk Score is a special product which provides risk information to a particular financial agency. This score is calculated for every individual consumer and showcases the probability of him/her defaulting in a year.
How is Equifax credit score calculated?
Business credit scores are determined using the following factors: payment history, age of credit history, debt and debt usage, industry risk and company size. Personal credit scores are determined using different factors: payment history, amount of debt, new credit, credit mix and average length of credit history.
Is 771 a Good credit score in India?
Its score ranges from 300 to 850. While a score of 720 and above is considered good, 640 and below is deemed to be poor.
When did Equifax acquire PayNet?
Equifax acquires PayNet – 2019-04-24 – Crunchbase Acquisition Profile.
What is PayNet custom score variables V2?
Utilizing our extensive experience building credit scoring models, Custom Score Variables v2 provides valuable components to help you build models with powerful predictive capabilities. PayNet Advanced Score of Scores (PASS) enables lenders to improve efficiency and decision strategies with a single, blended score.
What is The PayNet masterscore and how does it work?
It focuses on the many factors in a borrower’s profile that are most predictive of repayment and offers the most comprehensive solution to managing risk. The PayNet MasterScore contains a total of 149 variables and 50 unique variables.
What’s new at PayNet?
With the newly combined resources of Ansonia, PayNet, an Equifax company, offers the most comprehensive Business Trade A/R portfolio monitoring solution to date.
What is the advanced score of scores (pass)?
PayNet Advanced Score of Scores (PASS) enables lenders to improve efficiency and decision strategies with a single, blended score. This empirically derived statistically sound score is ideal for lenders that may lack resources, time or sufficient historic data to build a statistical model.