When monitoring your business credit score first you have to establish a Paydex account. And it is very essential to keep this profile active. Business credit score also like a person’s credit score and most of the creditors like to see continuous transactions in your business account and it will help to boost business credit score. In credit experts word “You can have a score of 80, but if there is no ongoing activity, your score will drop”. Knowledge of the scoring rates like Paydex system give more advantage you to monitor you business for instance, if you get a 70 on the Paydex system, this indicates that your business is 15 days late when making loan payments, and will certainly be considered a poor score. However, if your business scores an 80, this will indicate that your business pays its debts on time, or pays them in advance. When monitoring credit scores you should have to stable your both business and individual credit score, because most of the lender will look at your both records before approve for a loan.
