Second, by using the card you are ensuring a usage and payment history with your credit card issuer, who does actually
report good credit behavior to the rating agencies.
These businesses all offer supplies that most businesses use on a regular basis and
report your good credit behavior to the business credit bureaus, which will help you build a strong profile over time.
Trade credit, or payment terms, with your vendors and suppliers can be a good approach to build a strong business credit profile — provided
they report your good credit behavior to the appropriate credit bureaus.
These businesses all offer supplies that most businesses use on a regular basis and
report your good credit behavior to the business credit bureaus, which will help you build a strong profile over time.
Trade credit, or payment terms, with your vendors and suppliers can be a good approach to build a strong business credit profile — provided
they report your good credit behavior to the appropriate credit bureaus.
Not exact matches
What's more, when looking for small business financing, it's a
good practice to make sure any potential lender
reports your
credit behavior to the appropriate business
credit reporting bureaus — because some financing options do not.
If you think your insurance score may have improved because of the
credit report changes — or recent
good credit behavior — ask your insurer to reevaluate you.
Secured
credit cards are designed to help people with poor
credit report better financial
behavior.
If, on the other hand, you don't manage your
credit card
well and are late on your payments, that
behavior will also be
reported.
Of course, it's important to know that just like
good behaviors are
reported to the
credit bureaus, so are irresponsible
behaviors.
As long as your payments are always on time, you can ask the various companies to
report your
good payment
behavior to one or all of the three major
credit bureaus.
These services help your
good payment
behaviors related to recurring bills get
reported to
credit agencies so that they can be included in your
credit report.
What's more, when looking for small business financing, it's a
good practice to make sure any potential lender
reports your
credit behavior to the appropriate business
credit reporting bureaus — because some financing options do not.
All of their
good credit behavior will be
reported on your
credit report as
well.
If building a strong business
credit profile is important to you (which it should be), any time you borrow, make sure your
good credit behavior is
reported the appropriate business
credit bureau.
If they don't
report, your
good credit behavior with them doesn't do anything to help you build an even stronger business
credit profile.
This
good behavior will appear on your
credit report and help raise your
credit score.
Being responsible and paying your debt on time consistently is smart to begin with, and because it's also on your cosigner's
credit report, that positive
behavior can theoretically extend to that person's
credit score as
well.
At Quizzle, we have tools to help you
better understand your
report, the elements that make up your score and we provide tools that help guide your
behavior to build
better credit and potentially improve you score.
While
good -
credit consumers will show many of the same responsible
credit behaviors as those with excellent
credit, they may have shorter
credit histories, higher utilization rates, or a
reported late payment in the (moderately distant)
credit past.
You can also practice responsible
credit behaviors, including always paying your debts as agreed and maintaining low balances, so that all three of your
reports look their
best no matter which one is queried.