The Bradstreet and Dun Paydex Business Credit Score
The main credit score utilized in the business world is known as a Paydex score provided by Dun and Bradstreet.
This particular amount analyze a business’s lending risk much the same as a consumer credit score reflects a consumer’s particular credit risk.
Paydex is essentially the merchant equivalent of the personal credit repair service income score of yours.
The actual meaning from Dunn & Bradstreet, or D&B is: The D&B PAYDEX® Score is D&B’s distinctive dollar-weighted numerical signal of exactly how a firm paid its bills over the past 12 months, according to industry experiences found to D&B by various vendors.
There are several BIG differences from a company Paydex score plus a personal FICO consumer score.
Consumer FICO credit scores range from 350-850. The Paydex Score ranges from 0-100 with 100 being probably the highest score you are able to obtain.
Individual credit scores are calculated based on a number of variables.
The Paydex score is calculated based on just a single factor; whether an organization produces prompt payments to its suppliers and creditors inside the agreed upon terms of payment.