Paydey Score

2009-07-27T02:02:00.000-07:00

The Paydex Score is the business credit score equivalent to your personal FICO score, or personal credit score. As a small business owner you need to know what this number is. You also need to be aware of how to increase your Paydex Score. This will make the difference when seeking to obtain the financing needed to start or expand your business. If you do not manage your Paydex Score effectively, this can cost your business.

The Paydex Score 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. The D&B PAYDEX Score ranges from 1 to 100, with higher scores indicating better payment performance."

Source : initialunderwriting

A true business credit card

2009-07-27T01:55:00.000-07:00

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a personal guarantee for.

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a personal guarantee for.By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.

Source : initialunderwriting