Published By Credit Suite at August 25th, 2016
An important aspect of Dun & Bradstreet’s Paydex system is knows as a Paydex “weighted average” score
This score gives more weight to the trade accounts that report higher amounts of credit extended and less weight to trade accounts that are reporting lower dollar amounts of credit.
If a business owner is having any trouble “meeting all their credit payback obligations”, in other words if they know they are going to have to pay a bill late, it is important for that business to be sure to pay the “largest dollar” creditors first.
Those higher dollar accounts carry more overall weight within the Paydex score. So it’s essential the higher dollar accounts are paid timely to maximize the Paydex credit score.
This quick tip can help insure your Paydex score is as high as possible so you can be approved for more business credit for your company.