How Prepaid Vendors Can Boost Scores

Updated: Feb 4

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 right now?

How they answer those questions is an invaluable tool in determining specific ways they can continue to build and boost their business credit capability, and sometimes... without even trying!

Believe it or not, most small business owners are leaving a lot on the table in terms of their vendors and suppliers, and it's usually because they think prepaid purchases can't impact their commercial credit scores and ratings. In reality, that couldn't be further from the truth.

Let's look at Edgar, one of my "Maintenance & Monitoring" clients. He initially became a client a couple of years ago after his dysfunctional D&B report cost him a high dollar contract. Now, his credit report is in awesome condition and he gets approved for just about every credit line he applies for.

From time to time, though, an inquiry will