The principal best payday loans for bad credit direct lenders (simply click for source) score used in the business world is widely known as a Paydex score offered by Dun and Bradstreet.
This amount evaluate a business's lending danger much the very much like a consumer credit rating reflects a consumer's individual credit risk.
Paydex is essentially the company equivalent of the personal credit score of yours.
The definition from Bradstreet and Dunn, or maybe D&B is: The D&B PAYDEX® Score is D&B's one of a kind dollar weighted numerical indication of how a firm paid its bills within the past year, according to trade experiences reported to D&B by various vendors.
There are numerous BIG differences from a business Paydex score plus an individual FICO consumer score.
Customer FICO credit scores vary from 350-850. The Paydex Score ranges from 0-100 with hundred being the highest score you can obtain.
Individual credit scores are calculated based on a number of things.
The Paydex score is calculated based on only a single factor; if a company makes timely payments to its creditors as well as suppliers within the agreed upon terms of payment.