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
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.
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