How eCredable Business Works
There are two ways eCredable collects your account information and payments and reports to the business credit bureaus. We simultaneously report to Experian, Creditsafe and Ansonia to help you improve your business credit scores.
Method 1 - Reporting Payments Automatically
The first method is to link your accounts to your eCredable Business Profile. The eligible business account types that can be linked include Power, Gas, Water, Mobile Phone, Cable TV, Satellite TV, Internet, and Landline accounts. After you link your business accounts to your eCredable Business Credit Profile, we can securely download your account details and up to 24 months of payment history directly from your provider’s website. We automatically report your account information and payments to Experian, Creditsafe or Ansonia.
eCredable connects to over 2000 utility companies and service providers across the U.S. You can see if your utility company or service provider is supported by eCredable searching for them here.
Method 2 - Reporting Payments On-Demand
The second method is for any account you’re unable to link like office rent, business insurance, business services, office furniture, equipment leases, legal services, etc. You can add them to your eCredable Business Profile manually and request to have them verified by eCredable on-demand.
The Manual Business Account Verification Process allows eCredable to manually verify your business account and payment history so we can report it to Creditsafe and Ansonia. (Experian does not currently accept manually verified accounts). Manually verified business accounts are only reported once per verification so you may want to consider having this done monthly, quarterly, semi-annually, or annually depending upon how it improves your Creditsafe and Ansonia business credit scores. Check your Creditsafe and Ansonia credit reports after this information has been reported to assess the impact it will have on your business scores. Each business credit bureau has their own credit reports and policies regarding how information ages, but typically accounts drop off your business credit reports after 36 months if no update takes place.
Is eCredable secure?
Our customers trust us with some of their most important personal information. eCredable encrypts your log-in credentials that we use to link to your account initially and to access your account every month going forward (to see your current payment history). You are providing us with read-only access. eCredable cannot change any information on your Utility Company’s website. Through eCredable, you cannot pay bills, or transfer money in or out of your accounts. For additional security, eCredable also looks at the name and address on your service provider account and compares it to the name and address on your eCredable membership profile to ensure it matches.
As a highly regulated business, we work closely with regulators and comply with data protection laws. Data security has always been, and will always be our highest priority.