Boost Your Business Credit: Proven Strategies to Achieve an 80 Paydex Score Quickly

Understanding Your PayEx Score: A Credit Specialist's Perspective

The Basics of PayEx Score

• PayEx Score: A rating that goes from 0 to 100, with 80 to 100 being the most desirable range.
• High PayEx Score: Indicates that you pay your bills on time or even earlier than the due date.
• Low PayEx Score: If you pay your bills later than the due date, your PayEx score will drop from 79 down to 0.

Generating a PayEx Score

• You can generate a PayEx score by working with 4-5 vendors, such as those in the restaurant or janitorial service industries.
• These vendors may provide you with supplies upfront and give you a certain number of days to pay the bill, which is how your PayEx score is generated.

The Role of Dun & Bradstreet

• Dun & Bradstreet: A data-collecting company that gathers information on your business activities.
• The information collected by Dun & Bradstreet is then sold to various institutions, which use it to determine your PayEx score.
• Your PayEx score is mainly focused on trade credit or vendor credit, rather than capital funding.

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