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Paydex Question

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Anonymous
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Paydex Question

When ordering from net 30 merchants, do we need to purchase from multiple places or can multiple purchases from a couple of places build a Paydex score.  We've purchased four times from Quill and once from Uline.  Just wondering if we need to have different ones and, if so, how many.  Thanks again for any info.

Message 1 of 4
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Anonymous
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Re: Paydex Question

you need a minimum of 3 different accounts.  and ive read that with that it will take a few months to generate a paydex score.  5 will get you an instant paydex score i beleive.  

Message 2 of 4
Anonymous
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Re: Paydex Question

Thanks for your help--I guess I need three more different ones.

Message 3 of 4
Anonymous
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Re: Paydex Question

Also, know the date of reporting Tradeline. Make sure it's every month. Non financial company's help build score quicker, with that history helping you get credit cards to establish the financial part..loan, line of credit etc. 5 is the magic # for instant score, pay asap helps produce highest score. Good luck
Message 4 of 4
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