You probably have personal credit scores established, and you are probably familiar with your scores at Equifax, Experian, and Trans Union. But do you have a Paydex business credit score yet? 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. The exact definition from Dunn & Bradstreet, or D&B is: The D&B PAYDEX® Score is D&B’s unique dollar-weighted numerical indicator of how a firm paid its bills over the past year, based on trade experiences reported to D&B by various vendors. There are many BIG differences from a business Paydex credit score and an individual FICO credit score. —— Business Credit and Funding drip Emails —— 5 ©2012 Dispute Suite, all rights reserved. No reproduction or use of any portion of the content or work or the entire work is permitted without the express written permission and authorization of the publisher. However the publisher of these materials routinely grants authorization for reproduction or use of this work, in whole or in part. If you would like to use any portion of this material in a book, article, ezine, newsletter, radio, or television broadcast, pod cast or in any other seminar teleconference or other events or publications please e-mail: Mike@MikeCitron.com or Call 727-842-9999 Consumer FICO credit scores range from 350- 850. The Paydex Score ranges from 0-100 with 100 being the highest score you can obtain. Having a Paydex business score of 80 or higher is very good, as scores below 70 are very bad. Individual credit scores are calculated based on a number of factors. The Paydex score is calculated based on only one single factor; whether a business makes prompt payments to its suppliers and creditors within the agreed upon terms of payment. For example, prompt payments will produce a Paydex score of 80. A 70 score reflects paying 15 days behind, 60 score is 22 days behind, a 30 score reflects paying 90 days behind, and a 20 Paydex reflects paying bills 120 days late. If you own a business, your Paydex score is essential in establishing new credit and continuing to build credit limits exceeding $100,000. Call me on my number below to start the process of establishing your Paydex score and getting approved for $50,000 in business credit this year with no personal guarantee and regardless of your personal credit quality.
DYNAMAX BUSINESS CREDIT
Do you have a Paydex Score?