May '24 • General discussion
🔍 Cracking the Credit Code: Credit Score vs. Paydex Score! 💡💳
Ever wondered about the numbers behind your business's financial health? Let's break it down:
Credit Score:
Your personal credit score ranges from 300 to 850. It reflects your creditworthiness, considering personal financial habits like credit card payments and loans. Higher scores open doors to better rates and opportunities. Aim for that 800+ sweet spot!
Paydex Score:
NOW FOR YOUR BUSINESS….. there's the PAYDEX SCORE(as well as an Experian intel score and Equifax delinquency score)! Ranging from 0 to 100 (Equifax is 0-800). It focuses on your business's payment history. The higher, the better! A Paydex of 80 or above showcases reliable payment habits, boosting your credibility with suppliers and lenders.
Remember, both scores matter in different ways! Ready to master the art of credit? Drop a comment or message us for personalized tips!
*Personal Guarantee: using your PG (personal credit profile) to get funding is the FASTEST AND BEST WAY TO GET TO 250K-500K range in BUSINESS FUNDING (and even more!)
EIN ONLY: you can build up your Business Credit (EVEN WITH BAD CREDIT!!!!) by using Business Tradelines and properly structuring your LLC so you can OBTAIN A BUSINESS CRESIT SCORE (like one of my mentees in the picture on the “ABOUT PAGE”
Thought you all may need a little info on this 🔥🙏🏽📈
LETS GO FAMILY 🔥📈🔑🚀!
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🔍 Cracking the Credit Code: Credit Score vs. Paydex Score! 💡💳
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