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 Bradstreet.
Once your DUNS number is established you will next want to find a merchant who will extend you credit and then report that credit to Dun and Bradstreet.
Once you have positive business credit report to Dun and Bradstreet you will have a positive Paydex score established. You will want to then apply for more business credit and use it regularly. Make sure you pay all payments back early to raise your scores to 80 or higher.
You can easily and quickly establish a positive Paydex credit score. As you continue to pay your bills in a timely manner, your scores will continue to rise giving you the ability to qualify for credit in your business name.