Top 3 Steps to Improving Your Paydex Score

Improving your Paydex score should be one of your top priorities as a business owner. This score can affect your business in a number of ways, and as you improve it, you can save money. Here are some of the top steps to improving your Paydex score.

1. Pay Bills Faster

When you receive an invoice from a customer, you need to make sure to pay it immediately. By doing this, you will never have to worry about late payments. You do not want to have a company post your payment late, as it will bring down your Paydex score.

2. Pay Down Balances

Another step that you should take is paying down your credit balances. If you have credit accounts, you need to lower the balances as much as you possibly can. If you have large credit balances, it looks as if you are in financial trouble. By getting rid of these balances, you can make it appear that you have taken control of your financial situation.

3. Check for Errors

You should also get a copy of your business credit report regularly. This way, you can check for any errors and make sure that everything is reported directly on your business credit profile.