Business Credit, sometimes referred to as Trade Credit, is credit that is established under a business’s name. Business credit permits a business owner to use their business credit profile and score for financing not their personal credit score and profile. One of the reasons business credit is so appealing is that business owners can [...]
The main credit score used in the business world is known as a Paydex score provided by Dun and Bradstreet. This number assess a business’s lending risk much the same as a consumer credit score reflects a consumer’s individual credit risk. Paydex is essentially the business equivalent of your personal credit score. The exact definition [...]
If you own a business, your Paydex score is essential in establishing new credit and continuing to build credit limits exceeding $100,00. It only takes 60 days to establish a positive Paydex credit score. To start you will first want to apply for a DUNS Number, a nine digit business identifying number with Dun and [...]