Business | Credit Reporting
Unlike the consumer world, there are three primary agencies watching your business:
Personal scores (FICO) usually range from 300 to 850, but most business scores use a . A score of 80+ is generally considered excellent. business credit reporting
Focuses on legal filings and payment trends. Unlike the consumer world, there are three primary
Specifically seek out "Net-30" vendors like Uline , Grainger , or Quill that are known to report positive payment history. 3. The Scoring Game (1 to 100) Specifically seek out "Net-30" vendors like Uline ,
Good business credit reporting allows you to stop "personally guaranteeing" every loan. By building a strong corporate profile, you protect your personal assets and keep your personal credit utilization low—even when your business is making huge inventory purchases.
To get a "perfect" score with Dun & Bradstreet (a 100 Paydex), you actually have to pay your bills early , not just on time. 4. Keeping Your Personal Life Separate