Integrity and Confidentiality is NOT an option, IT'S A MUST
Managing the data that has been entrusted to us, is a Number One priority for MCB Business Credit Services. You can be assured that our team Is dIligent in their process to manage any application we receive for access. This gives all our clients a comfort level with our services in knowing we are protecting not only their clients data but their own. We encourage all of our clients to take steps to secure any personal information they keep.
ACCEPTABLE USE GUIDELINES for Intelliscore Plus Blended (IPB) & Business Owner Profile (BOP) to extend credit on a business transaction using owners personal data.
- To review an existing account
- To collect on an existing account
- To extend credit for a commercial transaction when the owner is:
- A partner in a general partnership
- A sole proprietor
- An individual who has signed a personal guaranty
- An individual who has provided a written authorization approving your review of their personal credit history
To review the personal credit history of:
- Principals of corporations
- Note - identifiers of corporations include: Corp., Inc., LLC, LTD, LLP
- Employees of a company you are researching
- Yourself, your co-workers, friends, family members, names in the news, celebrities, government officials or any other individuals with whom you have no commercial credit relationship
You may obtain a report on:
- Principals of corporations who have signed a guaranty of the business obligations (often referred to as a personal guaranty)
- Principals of a corporation who have given written authorization for access of their personal credit history**
Definitions of Keywords
- Partnership—2 or more individuals that run a business. Each partner is liable for debts of the partnership up to the amount of their personal assets tied into the business.
- Limited Partnership— Limited partners in a partnership contribute only assets and are liable only up to the amount they contribute. A limited partnership consists of 1 or more general partners and 1 or more limited partners.
- Sole Proprietor—This classification is used for anyone who does business without creating a formal business entity. The owner reports business income on their personal income tax statement.
- Corporation—A legal entity recognized by a state or the federal government. The owners and shareholders are separate from the legal entity.
**Merely signing a credit application does not constitute written authorization. The principal whose information you are accessing must give specific written permission.