How Can I Fix My Business Credit?

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How to Fix Business Credit Score

  • Review current financial situation
  • Identify inaccuracies in the report
  • Rectify any errors
  • Maintain balance below 30% limit on accounts
  • Make timely payments

Tips for Improving Business Credit Score

  • Apply for a Business Credit Card
  • Talk to creditors
  • Pay bills early or on time

Factors Affecting Business Credit

  • Lending and credit utilization
  • Impact of bad credit on loan terms

Monitoring Business Credit

  • Check D&B business credit report with PAYDEX score
  • Obtain copies of Equifax, Experian, and TransUnion reports yearly

Credit Repair

  • Consider credit repair for scores below 740
  • Obtain personal and business credit reports

Timeline for Repairing Business Credit

  • Review financial situation
  • Identify and rectify errors
  • Maintain balances below 30% limit
  • Apply for a business credit card
  • Talk to creditors
  • Make timely payments

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