Hi, I am building business credit and I will be applying for vendor accounts in the coming weeks BUT I had a concern/question. I know personal credit very well but I know business credit is different SO is there a certain percentage of the vendor account I need to use for business credit to be reported properly? For example, I know personal credit you have to use at least 1% of the account. So if you had a $300 capital one card, you need to use at least 3 dollars of it or more. But is this true with business credit? I had someone tell me I need to use 30% of the vendor account and pay it over time but it didn't seem right to me. Say the vendor account was $1,000, could I just purchase $20 of stuff with it and pay that $20 bucks back early to get my paydex to 90 or 100 and do that a few times over like you would personal credit? Or do I really need to use 30% of the vendor account?
If anyone could clarify this for me, I'd greatly appreciate it!
Thank you!
