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

Chasing an 80 PAYDEX score can feel like the golden ticket to business credit—until you realize it’s also one of the biggest rabbit holes of myths and misinformation. In this post, I break down what the PAYDEX score actually measures, what it really takes to generate (and maintain) it, and why an “80” isn’t always the make-or-break factor creditors care about. More importantly, you’ll learn how to shift your focus from one number to the bigger picture—building a complete, acc

Most business owners would love to reap the rewards of better business credit scores and ratings, but most will tell you it's just not in the budget. Little do they realize there are five free things they can do right now that will boost their D&B scores that won't cost them a penny — and most can be completed in less than fifteen minutes! Most business owners who take the time to complete these steps see a significant boost to their business credit scores and ratings.

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 ratings.

There are two questions I ask new clients: What was the last thing you purchased online? (and) What are you shopping for right now? How they answer those questions is an invaluable tool in determining ways they can continue to build and boost their business credit capability with very little effort. Sometimes, something as simple as creating an online account with a supplier and making a purchase using your business debit or credit card can do more to boost your scores more t

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. This is why an 80 Paydex is not enough.

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 added to my D&B report?" His voice sounded tired and frustrated. I think my response surprised him. Perhaps because he expected me to move immediately into a hard-sell strategy. "Yes," I said. "But you do realize that's something that you can do yourself, right?"

By now, you probably already know that you need payment history to boost your business credit scores and ratings. What you might not know is that you need that payment history to come from a variety of suppliers across an array of industries and resources to get the most benefit and convert those excellent credit scores into excellent credit approvals.

Turbo-Boost your Paydex score could mean ready access to credit that affords you the luxury of buying when the price is right rather than having to put those purchases off until a later date. Or it may mean the difference between the business carrying the weight of a loan or adding it to already burdened personal credit. But for every business owner, if you can ignite the turbo-boosters behind your Paydex score, it could help you get to the finish line, and maybe even win th

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.

Below is a list of seven steps to improve credit limit recommendations on your business credit profile, especially if you feel your current recommendations do not accurately represent your company’s creditworthiness. While taking these actions does not guarantee D&B will adjust your credit limits up to where YOU feel they should be, the improvements to your scores and ratings will generally raise the baseline for your potential lenders and suppliers.

The business credit report encompasses a massive amount of data. Compiled from many sources, that data feeds comprehensive algorithms that determine the age, location, size, and creditworthiness of a business. If a lack of viable information is presented, generic data will generate base scores. To boost your scores into a better position, you need to boost the data that feeds the process. These are the 6 business credit scores you need to watch.

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 startling is the fact that our free self-help creditbuilding is available to anyone who needs it. We specialize in teaching and assisting small business owners to build and manage their corporate credit relationships. The first step to enhancing a solid business credit profile is to make sure you are registered and familiar with the update process

There is a never-ending flow of data between D&B, for example, and various lenders, creditors, vendors, suppliers, government agencies and business owners to provide data into their system. This data will have a positive or negative impact on your various scores, overall composite credit appraisal, and your actual D&B rating. Be that what it may, there are ways that you can impact your rating simply by providing “real-time” information about your company to D&B.