How does eCredable Business Lift work?

Your eCredable Business Lift subscription empowers you to build and thicken your business credit profile. We achieve this by establishing positive tradelines through two primary methods: reporting your eCredable subscription, and enabling you to report your eligible active business accounts.

1. eCredable Subscription Reporting
Your eCredable Business Lift subscription is automatically reported as a positive tradeline to the three major business credit bureaus: Dun & Bradstreet (D&B), Experian, and Equifax.

2. Reporting Your Business Accounts
eCredable empowers you to further build your credit profile by reporting your existing business accounts, including business utilities, business services, and business credit cards. These accounts must be in your business's name. We offer three methods:

Method A: Reporting Business Credit Cards (D&B)

Not all issues of Business Credit Cards report your monthly payments to any or all of the business credit bureaus. This process allows you to self-report your Business Credit Cards specifically to D&B. By linking your Business Credit Card, you enable eCredable to retrieve and report your Business Credit Card account to D&B every month. This includes balance and payment information.

Important Note: Since this capability is new, there is no guarantee that all reporting will have a material impact on your credit profile, and it may take several reporting cycles before any impact is reflected. But by participating in this program and contributing your activity data, you are making contributive measures to help build your business credit. As this program progresses, we will provide periodic updates. We appreciate your participation.

How to Link Your Business Credit Cards:

1. On your eCredable dashboard, click "Link A Business Credit Card."
2. eCredable uses Plaid to securely connect your payment account - click "Continue"
3. Select the Financial Institution that you bank with
4. Complete the on-screen prompts

Method B: Reporting Business Utilities to Equifax

You can link and report business utility accounts (power, water, gas) with the eligible companies we connect to. When you link your accounts, eCredable can securely download up to 24 months of payment history associated with your account. These accounts are then automatically reported to Equifax monthly, as long as new payments are available and verified.

How to Link Your Business Utility Accounts:

1. On your eCredable dashboard, click the +Link New Utility Account button.
2. Only accounts in the name of your business are eligible.  Personal accounts are not eligible, even if you run your business out of your home. 
3. Search for and select your utility company.  Please note that not all utility companies are eligible.
4. Enter your online account username and password, then click Link Account.
5. Please wait. The eCredable website may prompt you to request and enter a one-time passcode (OTP), which will be sent to you by text or email from your provider for secure access.

Method C: Reporting Business Services via Invoice Verification (Beta)

Invoices from eligible business service providers can be added via Invoice Verification. For a list of the providers that we currently support, click on "View List." This feature allows you to upload invoices from eligible companies. Complete the process by linking the payment account from which the invoice is paid, and selecting the associated invoice payment from your payment account. eCredable can report invoices/payments that are dated within the past three months. You can upload any eligible future invoices going forward.  

How to Link Your Business Services via Invoice Verification:

Step one: Upload Invoice(s)

1. On your eCredable Dashboard, click on ‘View Enabled Service Providers’ and find your eligible business service provider
2. Make sure you have a digital copy of your invoice.  Supported formats include .pdf, .jpq, and .png. 
3. Select ‘Upload An Invoice’
4. Click ‘Choose File’ and select the invoice(s) from your device’s files

Step two: Link Payment

1. Select ‘Link A Payment Source’ (please note that you only have to link a Payment Source once, and it will be available to select payments for other invoices)
2. eCredable uses Plaid to securely connect your payment account - click "Continue"
3. Select the Financial Institution you use to make your payments and complete the on-screen prompts

Step three: Select Payment

1. Click ‘Select Payment’ under the invoice that you uploaded
2. Select the payment from the payment source(s) you have linked