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How many Net 30 accounts to get a paydex score?

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Styles27
Established Member

How many Net 30 accounts to get a paydex score?

Hi,

 

I have Quill and uline so far as net 30 accounts. Grainger told me I just need to give them refrences and will apply to reliable. How many net 30 accounts do you need to get the paydex score. I also got approved for the amex business credit card. Does that report to business or personal? What would you guys reccomend?

 

Thanks!

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1 REPLY 1
NY2014
Established Contributor

Re: How many Net 30 accounts to get a paydex score?

Technically it takes 3 months tradeline to generate a Paydex score it also depends on company profile. As from experience I've been in business 4 yrs but Registrred as an LLC just last yr to send legal docs to show Name before with same tax I'd # . But the craziest thing DNB did was name a mistake and put having 3 companies and two different Duns #
I tried to correct it . But never got any response back strange . I guess 2 Duns # and getting a Paydex score with same TL can be a benefit or a headache in the future I just signed up with Quill and App pending with Amazon net 30 and revolving . Waiting for that 7-10 day blah Blah . My Paydex score now is 80 DNB rating 1A2 meaning rated by employees financials. ( I recommend if new) let the trade report and useless to pay anything of There products credit builder . I did that whole Verication Vefifird company. Just to confirm I do have all my compliance in order . what's good to report . Phone services . AT@T reports . Amex business only reports to Business credit. I also recommend to focus on Equafax /Experian are more significant Business Profile to build. The general rule usually takes 3 TL to generate but 2 tradeline a will give you a Paydex score just let your tradeline report and pay before due date before . If this helps on my Equifax I have 4 TL . 45k reporting . Chase ink ,$5k capital one BLOC, 20k Amex Delta , $ 15k but not on DNB. Hopes that helps .
Fico Score 10/6 EQ 702,16 INQ,TU 740, 9,iNQ EX 705,21 INQ,13%UTIL-
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