Speakers: Nir Nimni, CEO, Five Star Mastery Inc
What problem did Experian help you to solve?
Nir Nimni: So Experian helped me find out why am I getting declined for a business loan. Even though my personal credit was excellent, I still got declined. And the reason was that there were two collections on my business credit report that actually did not belong to my company. It was a similar company with a similar name. So that's where Experian helped me to first of all find out and also moving forward they helped me to clean it out from my company record. And from that point, I stopped getting declined for a business credit card funding because it was just like personal credit, ,it is the same idea. If you have negative, you have negative. So, but the banks will not tell you usually. So you want to monitor your business credit if there's an issue, Experian was very helpful. They helped me very fast.
How does Experian improve your financial awareness?
Nir Nimni: Any financial help. Experian gave me the confidence that there is nothing there, that I should be worried and the information that is there is what lenders see most of them. And I'll give you the confidence to apply without getting worried about getting denied. They're simple. You know, you got to the same as with personal credit. You gotta monitor if you don't know, you don't know.
Does Experian help you maintain good credit health and gain access to capital?
Nir Nimni: Yeah Experian absolutely helps you maintain good credit and you know by letting you know that there are, you know if there's any change in your credit, you're getting alert to your email uh And then also if you are you know if you pay balances you want to make sure they're updated or what anything you know you want to apply for. You can know if you qualify. Um Yeah it's definitely help you gain capital because uh you know what lenders know and if uh if anything to be fixed you do it. So it just gives you that confidence and you save time because you don't just apply like you're blind. You know how you look. But also how your business. Because Experian they do care about your business credit. They want to know that your company have history. They want to know you made a payment in time. The same personal credit. They want to know that it's a good company. And the only way to know is by the business credit definitely must tool.
