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Uline Net 30 Question

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New Contributor

Uline Net 30 Question

just ordered on the net30 credit.  Im new to business credit, am I to just pay off the next day or wait a period of time? Also How often do I need to buy stuff from them? 

Frankly their stuff is overpriced but worth while i suppose to get my foot in the door lol

Gardening 25MAY16 - 25NOV16
Current FICO: 05/18/16 EX 719 | 05/14/16 TU 674 | 05/25/16 EQ 670

Message 1 of 5
4 REPLIES
Member

Re: Uline Net 30 Question

Pay it off 10-20 days after you receive your order. Order at least $50.00 worth of product(s) not including shipping cost.

Message 2 of 5
Frequent Contributor

Re: Uline Net 30 Question

Based on some annecdotal notes I took down one time when I was considering starting a buisness, the rough scoring model for payments is something like:

 

- Early: 100

- Early w/in discount period: 90

- On-time (last day of terms): 80

- 14 days after terms: 70

 

and it goes down from there. I don't know if that's exact but I definitely agree that 10-20 days will likely land you in that sweet spot for a 100. 

FICO 8 (6/16/18) - Equifax: 691, TransUnion: 715, Experian: 680br

AmEx BCE: $2,000 | AmEx HH: $1,000 | Barclays Rewards MC: $5,300 | BECU Cash Back Sig. Visa: $10,000 | BECU CLOC: $3,000 | Citi Costco Sig. Visa: $4,000 | Citi Prestige: $4,000 | Citi HD: $3,000 | Capital One Kohls: $1,500 | CapitalOne Quicksilver: $3,300 | Chase Freedom Unlimited: $4,000 | Discover IT: $1,700 | Synchrony Care Credit: $8,000 | Synchrony Walmart: $5,000
Message 3 of 5
Frequent Contributor

Re: Uline Net 30 Question

based upon some real world experience

if you are paying at any time other than late on accounts that report to DNB, you will have an 80

Message 4 of 5
New Member

Re: Uline Net 30 Question

Is $50 threshold a Uline thing or a Credit Reporting Agency thing? Thanks.
Message 5 of 5