Xactus, a provider of business data and intelligent insights to the equipment leasing/finance industry, announced it is now offering credit reports from PayNet, powered by Equifax.

PayNet provides data on small and medium-sized businesses through its Credit History Report (CHR) and the Master Score. The CHR offers real-time credit ratings, presenting a concise summary of all credit obligations, outlining historical handling, total owed amount, and payments made. Equifax MasterScore v2 ranges from 500 to 800 and helps equipment lenders predict risk and enhances their decision-making process to boost profitability.

“We’re excited to be an exclusive reseller of PayNet reports. Equipment lenders can feel confident when assessing the financial health of businesses – especially when they use CHR in combination with our additional services including business credit reports, personal credit reports, principal/guarantor reports and fraud/background services,” said Greg Plunkett, EVP Business Data at Xactus.