How Is Your Platform Different from Nav? (Nav vs. FairFigure)

Researching your credit-building options is crucial to getting the best fit for your business. One other credit-building service you will come across is Nav. How is Nav different from FairFigure?

There are several elements that set FairFigure apart from Nav. These include:

Pricing

If you’re looking for the most cost-effective credit-building and credit-monitoring solution for your business, FairFigure is the best choice.

A FairFigure Premium plan costs only $35 a month, and we offer a free plan to help you better understand what’s included before you commit (something that Nav currently doesn’t offer).

Nav offers both monthly and quarterly plans (billed annually). Their monthly Build subscription, comparable to FairFigure’s Premium plan, costs $49.99 a month. If you do choose the quarterly subscription, you’ll still be paying $39.99 a month.

Credit Monitoring Support

Your credit monitoring service should support your business’s credit monitoring needs.

The FairFigure Premium plan tracks your business credit scores and reports across three bureaus: Equifax, Creditsafe, and Dun & Bradstreet.

More than that, we feature our own FairFigure Foundation Report. This report helps you understand the likelihood of you receiving funding (and how much) based on available credit data across multiple reports.

Nav displays scores and reports from Dun & Bradstreet, Equifax, and Experian.

You may have observed that Nav lists more than three scores and reports on its website. This is because Nav tracks both business and personal credit scores and reports. This might prove helpful if you’re seeking to leverage personal credit to obtain funding.

However, FairFigure is an EIN-only business credit solution focused on helping you access financing without affecting or relying on your personal credit. As such, we don’t display personal credit scores nor report to personal credit bureaus (as is the case with the Nav Prime Card).

Vendor Tradeline

The one major benefit of signing up for a FairFigure Premium subscription or a Nav Prime subscription is that it helps you build your credit.

Your FairFigure Premium subscription is reported as a vendor tradeline to Experian, Equifax, and Creditsafe.

Your Nav Prime Build subscription is reported as a vendor tradeline to Experian, Equifax, and Dun & Bradstreet, as displayed below:

Card and Financial Tradeline

Both FairFigure and Nav offer a card solution that you can use to build credit. However, there are some key differences that will ultimately determine which one is the right fit for you.

The FairFigure Capital Card is an EIN-only financing solution. Unlike other cards, there’s no credit check, no personal guarantee, no deposit required, and no paperwork. You also get to choose your payback terms, between four and eight weeks.

You receive a credit limit based on your revenue rather than your personal creditworthiness. So long as you generate at least $3,500 a month and have at least three months of banking history with your connected bank account, you can qualify.

The card acts as an additional financial tradeline. It reports to all the same business credit bureaus as your Premium subscription. It also reports to the SBFE.

The Nav Prime Card is a daily charge card with a daily credit limit that fluctuates based on how much you have in your linked account. It only reports payments, but it doesn’t give you a credit line you can really work with.

Like with the FairFigure Capital Card, there’s 0% APR, no personal credit check, and no security deposit. It also comes with the added bonus of no minimum revenue requirement or time in business requirement.

Because this is a service that focuses on both personal credit and business credit, the card offers the same. It reports to Dun & Bradstreet, Experian, and Equifax. However, you can also request that the card reports to your Experian personal credit bureau as well.

Additional Features and Benefits

Both the Nav Prime Plan and the FairFigure Premium subscription come with additional features to bolster your credit journey. Here’s a brief overview of each.

FairFigure

• Access to other useful tools like FairFigure Guard, Signal, Pulse, and Unify (the last three are available with the Premium plan only).
• Cash back on eligible vendor purchases with the FairFigure Capital Card.
• A robust marketplace with business credit vendors and lenders who will support your financing needs.
• Access to advanced credit data, along with the ability to export it (Advanced Mode).

Nav

• Simplified bookkeeping tools that help you automatically group transactions, enabling you to see profit and loss statements with just a click.
• Automatic payment features to reduce the risk of missing daily payments.
• A robust marketplace with business credit vendors and lenders.
• Seamless business credit management on-the-go with the Nav App.