Credit scores are complex statistical models for predicting credit risk.
While there is no guaranteed way to improve a business credit score, here are a few steps you can take to ensure that your business credit report reflects the best scores possible for your situation.
- Check your business credit report regularly and verify that the information in it is accurate and up-to-date.
- Establish business credit with companies that report trades. Remember, not all business creditors report their trade information.
- Pay your creditors on time. Historical payment behavior with previous creditors plays a major role in calculating your business credit score.