2016 Postmortem
Related: About this forumTrump's business credit score: 19 out of 100
Which seems to be like having a FICO score of around 400.
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 Trumps 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 Organizations credit scores, Detweiler said. Derogatory information can include things like bankruptcies, but Trumps 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 Organizations 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
(7,689 posts)"It's been debunked!" "No, YOU have a 19 out of 100 score" YOU do!" "It's Obama's fault!"
Cha
(297,528 posts)DemonGoddess
(4,640 posts)Hortensis
(58,785 posts)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
(53,056 posts)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
(58,785 posts)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
(53,056 posts)not the article. A credit rating doesn't change that quickly. It has to be the result of business practices over years.
Hortensis
(58,785 posts)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
(53,056 posts)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
(58,785 posts)inclined to check.
okaawhatever
(9,462 posts)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
(11,639 posts)He'll sue them after the election.
Madam45for2923
(7,178 posts)Rex
(65,616 posts)So Trump is already in trouble with the IRS?
William769
(55,147 posts)He wants the U.S, Treasury at his disposal.