It seems everyone working on their business credit report tend to focus on D&B's Paydex score as being the most significant factor, but there are actually six other scores that can have an even higher influence on being able to the approvals they want and need for their company. If you've ever wondered what those scores are, what they mean, or how they can impact your company's creditworthiness and credit approvals, you're going to want to read this blog post (and then give m

At least once a day someone will ask me how they can get an 80 Paydex score, believing that it's the be-all-to-end-all that will get them the credit they need. They've usually been skirting around the web trying to find answers and will invariably find themselves falling down the rabbit hole of business credit myths and misinformation. Reach out to me directly if you want to boost your Paydex score (and all of the rest of your business credit scores and ratings.)

I have worked with lots of business owners who had struggled to achieve credit approvals. I've see the same patterns in behavior over and over again, so it was easy to understand how updating certain information or making a few simple changes to their business practices could have an unbelievable impact and turn things around for them. That's why I outlined five key issues that any business owner can address on their own time, and every single one of them is free!

Small businesses open new accounts and get approvals for commercial credit every day. So does it really matter if you have D&B scores and ratings in place before you apply? I guess that depends on whether you are content with the approvals you're getting, or if you would rather get exactly what you asked for! Reach out to me directly if you want to boost your business credit scores and ratings.

Did you know you can have 1000 payments in your D&B credit report and still not have a full D&B rating? All the payments in the world won't mean a thing if D&B doesn't consider your company to be a viable enterprise. In fact, they may even block your vendor payment history from flowing into your file if your rating isn't complete. A missing D&B rating can stymie your company's creditworthiness. Reach out to me directly if you want to boost your business credit scores and r

For those who think all you need to do to qualify for business funding is an 80 Paydex score... think again! An 80 Paydex score is easy to achieve — requiring just three on-time payments to three different suppliers that will report to D&B. But the Paydex is just one of six scores and ratings in your company's credit profile, and there are a lot more factors impacting the other five. Reach out to me directly if you want to boost all of your business credit scores and rating

There are two questions I ask my clients more than any others: What was the last thing you purchased online? What are you shopping for...

Any time your business applies for credit or opens a new vendor account, there is a high probability that the creditor or supplier will check your business credit report. If your company has established a credit profile with one or more of the major corporate credit bureaus, an inquiry will be generated. For the most part, inquiries are a normal part of doing business and help validate your business information, strengths, needs and viability.

Its easy to meet the lowest possible requirements for getting a Paydex score. All you need is three payments in the D&B file. Anybody can do that. But there are actually five OTHER credit scores in the D&B arsenal. Achieving substantial (and sustainable) credit requires you to keep working and improving all six of the scores and ratings — and you can't do that if you don't have the knowledge and experience to accomplish that.

It was a question I had answered a hundred times before, but somehow, it still left me shaking my head. "Can you help me get trade lines...

By now, you probably already know that you need payment history to boost your business credit scores and ratings. What you might not...

Whether you need to purchase inventory, add a new vehicle to the fleet, hire new staff, buy investment property, or lower insurance...

Contrary to what most frustrated business owners believe, there is no mystery formula and no secret algorithm that establishes this score. There is no personal influence that can be weighed in from any D&B employee. Amazingly enough, you can be the deciding vote on what your D&B rating will be. But before you do anything, you need to understand the score and what you can do to influence it. Reach out to me directly if you want to boost your business credit scores and ratin

An 80 Paydex score is considered "optimum" because it indicates a commercial concern pays the vast majority (if not all) of their business debt on-time. While it is possible to achieve higher than 80, to do so would require your suppliers report to D&B that you primarily pay on discount, known as "anticipatory" payments. Commercial operations who pay their debts using discounted net terms — such as 2% 10 Net 30 — can often find themselves with a Paydex score above 80.

One of the most perplexing elements of D&B’s scoring and analysis continues to be their calculation of conservative and aggressive credit...

Most small business owners are aware of their Dun & Bradstreet Paydex score. Some will even have a basic understanding of how it can...

Many lenders and creditors who rely on D&B analytic data are putting more emphasis on the D&B Viability Rating when determining creditworthiness. Unlike the D&B rating most people are familiar with, the D&B Viability Rating breaks down a company’s creditworthiness and risk into 4 easy-to-understand scores. Reach out to me directly if you want to boost your business credit scores and ratings.

Most small business owners don’t realize the most important tool for building business credit is already in their hands. Even more...

One of the driving forces that determine your ability to achieve business credit is the rating generated for your company by business...