Helps streamline equipment lease financing decisioning
PHILADELPHIA–(BUSINESS WIRE)–Xactus, a leading provider of business data and intelligent insights to the equipment leasing/finance industry, announces it is now offering credit reports from PayNet®, powered by Equifax.
PayNet® provides data on small and medium-sized businesses through its Credit History Report (CHR) and the Master Score®. The CHR offers real-time credit ratings, presenting a concise summary of all credit obligations, outlining historical handling, total owed amount, and payments made. Equifax MasterScore® v2 ranges from 500 to 800 and helps equipment lenders predict risk and enhances their decision-making process to boost profitability.
“We’re excited to be an exclusive reseller of PayNet reports. Equipment lenders can feel confident when assessing the financial health of businesses – especially when they use CHR in combination with our additional services including business credit reports, personal credit reports, principal/guarantor reports and fraud/background services,” said Greg Plunkett, EVP Business Data at Xactus.
Xactus’ Business Data division is dedicated to helping companies make more informed credit decisions, mitigate risk and build their businesses. The company provides a complete ecosystem of business data tools that clients rely on for accurate, reliable and up-to-date credit information that helps facilitate smarter financial assessments about prospective customers. Learn more: xactusdata.com.