Have questions about what Debie does? Maybe how we report your business rent payments? Curious about what Debie costs? Find all of your answers here.
Debie reports your business accounts payable to credit reporting agencies and is considered an allowable business expense. Please consult your accountant to determine how you may be able to write off the expense for your business.
You can enter your EIN number once you have set up an account. Your EIN number is what helps the credit bureaus validate your business and make sure that your business is the one getting credit for the payments.
As long as you haven’t changed your corporate entity you will have the same credit score. You can update your DBA in your profile.
You can export your Debie report in PDF format and share it with your landlord.
Once you have connected everything properly, you should see a page that says everything is connected and your rent is being reported to the credit bureaus.
By improving your business credit score and removing your personal guarantees from your business liabilities you can improve your FICO score as well.
It can take up to 6 months to have the payments start showing up on your credit report. This timeline is dependent on the individual credit agencies. We report payments every week.
Business tradelines are different from personal credit. Many of the largest credit data sets in the business credit space are run for the benefit of the financial services industry or large manufacturers and wholesalers. Debie makes our best effort to report your tradeline data to all relevant data sets. In some cases, your payment will have been reported and may not show up in your consumer-facing report. More details can be found at the Small Business Financial Exchange. To help you verify your reporting, we are happy to share a report extract with you of the actual file that was reported on request.
We are sad to see you go. In order to disconnect reporting please log into your account and click cancel inside your account settings.
You can go into your portal and file a request via the Help function.
We partner with over 2500 financial institutions, this includes both traditional Banks as well as Credit Unions.
When you connect to your bank account, you are allowing us to view your rental payments. Our artificial intelligence platform automatically looks for payments that are tagged as rent or lease.
We never access your bank account information or login credentials. Your credentials are passed directly to your financial institution.
Our system looks for your rent payments, when our Artificial Intelligence engine sees your payment we will report it to the bureaus. You can continue operating your business as normal.
You can update your business address and new lease amount and we will take care of the rest. In order to add an additional location, you can select “add new location” and we will report the rent for all of your locations.
Absolutely, as you build your business your credit score will start improving automatically.
Debie doesn’t sell your financial data. We only use your data to report your tradelines to the credit bureaus and generate your credit score.
Debie reports your commercial rent and lease payments, as long as you are paying, they will impact your score positively.
Debie is registered with the Secretary of State of the State of Delaware. We are required to file annual reports with the State.
Commercial rent and lease payments are a tradeline. They have a significant impact on your credit score but are only just one tradeline. If you are interested in supercharging your credit score you can report multiple tradelines. Our premium tool allows you to seamless report all of your tradelines.
Each individual business credit score is unique and the results depend on your existing credit health. Although we report all lease payments to credit agencies, their internal credit scoring mechanisms are what ultimately determine the changes in your business credit score. As such, we cannot provide any guarantees.
Commercial rent and lease payments are one of the most important expenses for a business and are not currently reported. Some landlords report delinquent payments to the credit bureaus, we empower business owners to report their own credit history as well to build their credit history and improve their score for free. Reporting your payment history can help you qualify for business loans and credit cards without having to use your personal credit.
We are not a rental payments platform. Whether you pay your rent online via your landlord's portal or via check, our system will automatically report your commercial lease payment.
Yes, you can see your Debie consolidated score which is based on aggregated information from all of the other bureaus. In order to see your individual score from each of the bureaus, you can access your report directly from them.
We do not currently report for personal credit scores.
Our platform uses artificial intelligence and machine learning to identify your commercial lease payment. Once we identify that your lease was paid, we report that data to the reporting agencies. The rest of your transactions are never available to our staff.
Unfortunately, we are not able to support reporting your home office as a tradeline.
Yes, Debie rent reporting is free forever. We believe that business owners should be able to leverage their good operating history to unlock financial opportunities and want to make this opportunity free. We do have premium services that help you improve your score faster that we charge a nominal monthly fee for.
You can cancel your subscription at anytime by going into the profile settings page and clicking the “cancel” subscription button. If you’ve paid your rent for that month, it will not be reported for that month. You can also contact us directly and cancel your subscription via email as well.
You can sign up with your accounting tools if they are being reconciled. If you use QuickBooks we can use this to track your payments and get you credit for them.
Yes, you can navigate over to the profile page located in the top right corner of the screen to access your account settings.
You can report any real estate lease that has your company name and that you pay electronically.
Here's a non-exhaustive list of leases you can report using Debie: Physical office space, Coworking space, Store Lease, Shared office space and Any lease or rent payments made via ACH that has your company name.
Here's a non-exhaustive list of leases you can NOT report using Debie:
PO Boxes, Storage units, Any lease payments you pay via cash or through a p2p money transfer app (Venmo, Zelle, Cashapp, etc.)
Your first payment report will go out at the beginning of the following month. There is some validation that our team and the bureaus have to do before accepting the transaction details. Reports can take up to 4-6 weeks to show up in the systems at the major bureaus. There may be a detailed review requiring verification with your property management company that can extend this time frame.
You can sign up with your accounting tools. If you use QuickBooks we can use this to track your payments and get you credit for them. As long as your history is reconciled you will be able to use it with Debie.
It usually takes 4-6 months to start seeing improvements in your credit score. With our premium service you can start seeing improvements within 1-2 months.
You can pause your reporting for any month by contacting us or clicking pause reporting in the settings page on your dashboard. If you are on a premium plan, you will still be charged but your payment details will not be reported. This is helpful if you are not able to make the payment on time for any particular month.
Due to a rule change we can no longer provide backdating reporting as a service.
Yes, you need a business bank account that you can connect to our platform. Any type of business account from one of our over 2500 banking partners will work with our platform. Safe note generation for investors and founders at signandwire.com.