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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

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When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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Paydex Score: Breaking Down the Dun & Bradstreet Business Credit Score

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So, what is a Paydex score? A Paydex score is a credit score for businesses. In fact, it operates much like the FICO individual credit scores you get through shopping with credit cards, taking out personal loans, etc., The Paydex score ranges from 0-100, with 0 being the worst and 100 being the best.

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Paydex Score: Breaking Down the Dun & Bradstreet Business Credit Score

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What Is a Paydex Score? A Paydex score is a proprietary business credit score generated by Dun & Bradstreet. The score determines your business’s creditworthiness, or how promptly you repay your vendors and suppliers. Scores range from 1 to 100. Paydex Score Defined.

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Online Credit Reports & How They Are Tracking Everything You Do

Due

Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports. The reason for this is that credit scores are calculated using information from your credit report.

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60 Business Finance Terms and Definitions You Absolutely Should Know

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Accrual basis accounting is the most common approach used by larger businesses to record and maintain financial transactions. Along with three other reports relating to the financial health of your small business, the balance sheet is essential information that gives a “snapshot” of the company’s net worth at any given time.

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60 Business Finance Terms and Definitions Every Small Business Owner Should Know

Fundera

Accrual basis accounting is the most common approach used by larger businesses to record and maintain financial transactions. Along with three other reports relating to the financial health of your small business, the balance sheet is essential information that gives a “snapshot” of the company’s net worth at any given time.

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Is 80 a Good PAYDEX Score?

CreditStrong for Business

A small business owner can’t always get away with using their personal credit score to demonstrate their creditworthiness. Vendors and lenders also often consider business credit scores, including the popular Dun & Bradstreet PAYDEX Score. Is 80 a Good PAYDEX Score?