Why does my credit score change, and how is it displayed in Capitalise?
Understanding how credit scores are calculated and displayed in Capitalise can help you better manage your business credit profile. Below, we address two common concerns: reasons for credit score changes and how scores are displayed within the platform.
Understanding Credit Score Changes
Credit scores are calculated by credit bureaus based on a variety of factors, including:
Payment performance: timely payments positively impact your score, while late or missed payments can lower it.
Account activity: The number and type of accounts you have, as well as their usage, influence your score.
Legal notices and filing history: Any legal actions or filings, such as bankruptcies, can affect your score.
Other Risk Indicators: Additional factors, such as credit inquiries or changes in credit utilisation, may also play a role.
Capitalise does not have access to the detailed scoring methodology or the specific drivers behind changes in your credit score. This information is proprietary to the credit bureau.
Credit Score Display Policies
The way your credit score is displayed in Capitalise depends on your subscription plan:
Free Plan: If you are on the free plan, your specific numeric credit score will not be shown. Instead, you will see a banded or descriptive label, such as "Average," to indicate your credit standing.
Paid plans: Users on paid plans (Start Up, Pro or Enterprise) have access to more detailed credit score information, including the specific numeric score.