Trump's business credit score: 19 out of 100

[BainsBane]

Which seems to be like having a FICO score of around 400.

Similar to your personal credit scores Opens a New Window. , business credit scores and reports suggest a way to determine the credibility of a company by looking into how it has handled debts and obligations in the past. . . .

According to Nav, The Trump Organization, Inc.’s business credit score is a 19 out of 100 as of Sept. 23, 2016, which puts it below the national average score by more than 30 points. The Nav report said the score indicates the Trump Organization “is very likely to default on its credit payments” and that “this will make it difficult to get financing.” It puts Trump’s Organization in a “medium-to-high risk” category. . . .

What hurt the Trump score?

“Derogatory information, including a tax lien, judgement and collection accounts are affecting the Trump Organization’s credit scores,” Detweiler said. Derogatory information can include things like bankruptcies, but Trump’s bankruptcies did not show up on the report — most likely because they were old or for other businesses he is associated with, Detweiler said.

“Payment status is the most important factor when it comes to business credit scores, accounting for approximately 50% or more of the score,” Detweiler said. The Trump Organization’s payment history shows it pays an average of 26 days beyond terms (DBT), compared to the national average of 12 DBT.

http://www.foxbusiness.com/politics/2016/10/20/trumps-business-credit-score-is-19-out-possible-100.html

Trump shouldn't be able to claim Fox Business is part of a liberal media conspiracy.

[fierywoman]

1. "Lies! Lies!"

"It's been debunked!" "No, YOU have a 19 out of 100 score" YOU do!" "It's Obama's fault!"

[Cha]

2. K&R.. thank you, BB!

[DemonGoddess]

3. K&R!

[Hortensis]

4. Interesting, but not surprising. See AmericanMan1958's

post at http://www.democraticunderground.com/12512534787 confirming the Trump brand has lost its gilt. New hotels will now be named "Scion." Wonder how tall the letters will be.

[BainsBane]

5. But this predates his campaign

And is a function of his failure to pay debts, not the deterioration of his brand. It highlights what a crap businessman he is.

[Hortensis]

6. Ah, didn't check the date. Well, it's likely gone lower still.

Or will be. Reportedly "Scion" is meant to appeal to younger wealthy, like the kids, but it makes me wonder if there could be a power shift in the family business. He's severely damaged the Trump name he was licensing to entrepreneurs.

[BainsBane]

7. I meant the credit rating

not the article. A credit rating doesn't change that quickly. It has to be the result of business practices over years.

[Hortensis]

11. I understood, though didn't think about how long

it would take a rating to change. That would be based on hard data, but wouldn't you think speculations about potential fluctuations in Trump's fortunes have to be routine gossip among his colleagues? I'm guessing their decisions might well be based on future expectations.

Maybe Trump and associates will pull a viable Trump news medium out of their pockets, but I hope not. I want him to mostly just disappear.

[BainsBane]

12. I would think it would be regulated like FICO scores

and based on actual debts and business transactions. Not that I have any direct knowledge of business credit scores, but it sounds much like the FICO score is for individuals.

[Hortensis]

13. Sounds like it, yes. But maybe few will be

inclined to check.

[okaawhatever]

14. It uses a scoring system just as the big 3 personal agencies do.The score they're referring to for

the Trump org. is the Paydex score by D & B. While his is extremely low (most suppliers look for a score of 75 for new accounts) it probably doesn't take into consideration the smaller vendors he stiffs because they aren't a part of the credit rating agency.

[jcgoldie]

8. I'm sure

He'll sue them after the election.

[Madam45for2923]

9. I still hope we can get Trump's taxes!

[Rex]

10. 'tax lien, judgement and collection accounts'

So Trump is already in trouble with the IRS?

[William769]

15. Now it makes sense.

He wants the U.S, Treasury at his disposal.

[BainsBane]

16. Can you imagine?