Page 175 - Winning The Credit Game Bundle (CK Patrick)

The information for your separate, dedicated business
bank account.
The phone number under which your business is
listed in the 411 directory.

For this chapter, we will focus on vendors that have two
attributes which are ideal for businesses seeking to build Tier 2
credit history rapidly. These three important attributes are:

1. Net 30 accounts. While some businesses prefer longer
payment periods, Net 30 accounts are the fastest way
to build credit history as they report your successful
payments to credit bureaus just 30 days after they
issue your invoice.
2. Reporting to at least two of the three major business
credit reporting agencies. All the vendors we will
recommend here report your successful payments to at
least two of the following: Dun & Bradstreet, Equifax,
and Experian.
3. All of these vendors allow you to pay their invoices
with credit cards, including your Brex card. This
allows you to have each of your successful payments
reported to all three major credit bureaus, and even
have your successful payments reported to some of
them twice.

Any vendor that meets all three above requirements will
allow you to rapidly build Tier 2 credit history and rapidly build
toward being approved for a bank loan or obtaining investors or
other high-caliber business financing options. I’ve assembled
some examples of vendors we know to meet these requirements
in this book.

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