Page 181 - Winning The Credit Game Bundle (CK Patrick)

not help you directly build credit history on your credit report as
they do not report to the credit bureaus.
These tier 3 credit vendors can, however, help with your
credit history in two ways:

If you pay your invoices using a business credit card
that does report to major bureaus, such as your Brex
card, you can still have your successful payments to
these vendors reported through your credit card
company’s reporting.
These credit lines can still act as “trade references.”
They will not show up on your public credit report if
they don’t report to the bureaus, so they will not help
you qualify for loans or additional credit at first glance
when your financier is accessing your public credit
reports to decide whether to speak with you further.
But if a bank or other financier decides you look
promising enough to speak to, you may be given the
opportunity to provide evidence of additional “trade
references,” at which point you can introduce these
Tier 3 tradelines as additional evidence that your
business is thriving and paying all its bills on time.

Moving up to Tier 3 credit offers some exciting possibilities as
far as the types of tradelines you are eligible for and the
purchasing power these can give your business. You are now
well on your way to having access to tens of thousands of dollars
in business financing, all with favorable terms like low-interest
rates and long repayment periods!

169