Xactus, a provider of business data and intelligent insights to the equipment leasing/finance industry, 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 platforms. The CHR platform offers real-time credit ratings, presenting a summary of all credit obligations, outlining historical handling, total owed amount and payments made. Equifax MasterScores range from 500 to 800 and help equipment lenders predict risk and enhances their decision-making process to boost profitability.
“We’re excited to be an exclusive reseller of PayNet reports,” Greg Plunkett, executive vice president of business data at Xactus, said. “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.”
