Title: "Boost Your Business Credit: Achieve an 80+ Paydex Score Swiftly and Effortlessly"

Understanding Your PayEx Score: The Key to Vendor Credit Success

What is a PayEx Score?

• PayEx Score is a rating that ranges from 0 to 100.
• A score of 80 to 100 indicates that you pay your bills on time or even earlier.
• If you pay your bills later than the due date, your PayEx score can drop from 79 down to 0.

Generating a PayEx Score

• You can generate a PayEx score by working with 4-5 vendors who provide supplies or services on credit.
• These vendors will report your payment history to Dun & Bradstreet, a business data collection company.
• Dun & Bradstreet then uses this information to determine your PayEx score, which is focused on trade credit or vendor credit, not capital funding.

The Importance of PayEx Score

• A high PayEx score (80-100) demonstrates your ability to manage vendor credit and pay bills on time.
• This can be crucial for businesses starting out or those in need of supplies and materials without upfront capital.
• Maintaining a strong PayEx score is essential for accessing vendor credit and building business relationships.

YouTube Source: https://www.youtube.com/watch?v=KGUa47ZhuL4
YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg
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