@Poquelin wrote:
Good Evening,
Reading Tuscani's post "Business 101" (Fantastic Post btw)! It states that to get a Paydex score of 100, one must pay before the invoice is generated. How Do I do that?
For Example. I will be opening a Net 30 account next week with Interstate Batteries. Let's say that on March 1st I go and purchase $350.00 worth of their product and charge it to my Net 30 account. Won't the invoice be generated at the time of purchase and if so, How can I pay it " before it's Generated" so I can get a 100 Paydex score?
can somebody explain how Net 30 accounts work?
Thank you
This is a very tricky question
1) you can push a payment through for the amount you purchased the very next day long before invoicing
BUT
2) it all boils down to how the lender reports the transaction
Some report as paid early others just report as paid on time or within terms
None of which you have any control of
In my personal opinion a score of 80 carries just as much weight as an 100 but also IMHO D&B states they collect million of transaction BS I've had things never show up that I know for a fact was sent to them
Which leads me to believe unless your a paying customer of their high priced worthless products focus more on whats in your EX and EQ business files as they seem the more reputable and relied upon CB's of the business world now
Just my 2 cents tho
Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
