The main credit score utilized in the business world is known as a Paydex score offered by Bradstreet and Dun.
This particular amount evaluate a business's lending danger much the identical to a consumer credit rating reflects a consumer's own credit danger.
Paydex is basically the merchant equivalent of your special credit score.
The exact meaning from Bradstreet and Dunn, or perhaps D&B is: The D&B PAYDEX® Score is D&B's unique dollar weighted numerical indicator of exactly how a firm paid its payments over the past 12 months, determined by trade experiences reported to D&B by various vendors.
There are several BIG differences from a company Paydex score plus a private FICO consumer score.
Consumer FICO credit scores range from 350-850. The Paydex Score ranges from 0 100 with hundred being the highest score you are able to get.
Unique bad credit loans easy (please click the next document) scores are calculated based on a number of things.
The Paydex score is calculated based on just a single factor; whether a company makes timely payments to its vendors as well as creditors within the agreed upon terms of payment.