Nav – Creating Your Profile

Hello, and welcome to this module, NAV Creating Your Profile. Now this, this module is really important because what it’s going to allow you to do was view all your credit reports in one place, just like you would with any other type of credit monitoring solution. So just like your MyFICO or your Credit Karma or SmartCredit or Identity IQ or the hundreds, or even thousands of different credit monitoring services, NAV is unique because it created a credit monitoring service specifically for business credit reports. And it is a really, really powerful tool to help you, not only organize all of your credit reports, access your reports, view your scores, but then also be able to build business credit. So this is a really, really powerful tool. I use it all the time. So what I’m going to cover is just basically how to create your profile and then some of the key benefits of NAV.

So what’s going to happen is right below this video, you’re going to see a link that says, click here to set up your nav account is going to bring you to this page. And you’ll just want to start with your business’s name and your business’s zip code, and you’ll want to finish the following. You, you’ll want to set up the rest of the process. Now, what I’m going to do really quickly is pull up the different options under NAV. So that way, you know which one to sign up for. So I’m going to recommend when you go through that, setting up your nav account, that you either get the business boost or the business loan builder. Now I personally have the business loan builder and I pay quarterly, but you don’t have to pay quarterly. You can pay monthly. So if you pay monthly it’s, these are the monthly prices, $39 or $49, but you’re going to either one to $39 a month process for the business boost, or you’re going want to quarterly option for either the, business business boost or the business loan boost.

And then you’ll get a smaller discount if you do it for the first month or the first quarter. Now, the reason why I’m recommending that you either do the business boost or the business loan is because it’s going to give you the ability to view your dun and Bradstreet, Experian, and Equifax score all in one place. You’re going to have access to both your Experian and TransUnion reports only. You’ll have 24/7 business credit alerts and personal credit alerts. And, but the biggest thing about the business boost you’ll get access to all of this stuff. You can dispute errors, full service identity restoration on a personal side, identity theft protection. You’ll have five business credit reports to view quarterly billing option, which is the one I’m using and then this loss rather, but the biggest, the biggest part of this is the bill business credit with tradeline reporting. So when you sign up with either the business boost or the business loan option is going to report a business tradeline, like a Tier 1 tradeline, which I’ll cover in another section, but you want to go in and sign up for either this one or this one. Now, I signed up for the highest one because there’s another reporting system called FICO Small Business Scoring System. And what this is going to do is automatically give you access to your FICO Business

Scoring System. And the next module I’m going to cover in detail how this works. So you can’t go wrong with either one of these options, $39 or $49. If I’m you. And you’re really serious about this, I just go with the business loan builder only because it’s going to give you everything you need down to the business FICO score for SBA loans, which is something. If you look into getting an infusion of cash or get funded, you want to have this business FICO report. So really simple, sign it up, get, get it knocked out. And then when you get in here, you’ll have access to your credit reports. So it’s vantagescores, not FICO scores. So even though my experience vantage score on we’ll go ahead and pointed out and say in 680, my FICO score is a 740. So in a previous module in the previous video, I covered the difference between FICO advantage, but this has vantagescores, but you can see by Dun & Bradstreet score is 80, my Experian IntelliScore is 75.

My FICO score is 169. And like I was saying before, it’s really difficult with Equifax because I’ve already connected my Equifax report. And it always does this weird thing with Equifax man. Like, I don’t know why it does this, but if you can, when you first sign up, you’re going to see Dun & Bradstreet it’s going to look just like this Equifax doesn’t have enough credit data to provide a score. But it’s going to say all of this and you’ll just connect your information. So even me, even with me going through this why it said, Equifax is like one of those weird ones that just won’t for whatever reason, give data. So I’m going to come right over here and look at my business reports really quickly. This one, isn’t it. And then here we go, view your reports.

So you’ll be able to see, so as saying that this is my Equifax report right here. So it’s, it’s still not reporting, but again, you’ll see your Equifax score here once you do it, and it’s going to provide all this information. Okay. But go ahead and take immediate action, set up the account. And again, you’ll want to either do the business boost or the business loan builder, and start by creating your profile. And the reason why I have you doing this after you’ve created your Dun & Bradstreet, and your Experian is because once you connect it, is automatically going to connect. This is going to be a lot easier for you to move forward with. All right. So get this knocked out and I’ll see you in the next module.