Frequently Asked Questions

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 Business credit refers to the credit history and creditworthiness of a business entity, as opposed to an individual's personal credit. Business credit is used to evaluate the ability of a company to pay its debts and fulfill its financial obligations. 

 Business credit is often used by lenders, suppliers, and other business partners to assess the risk involved in doing business with a particular company. A good business credit score can help a company obtain financing, secure favorable payment terms from suppliers, and negotiate better rates on insurance and other business services 

  A net term account is a type of payment arrangement between a buyer and a seller, in which the buyer is allowed to pay for the goods or services purchased at a later date, typically after a certain number of days have passed from the date of invoice. 

 Net term accounts are commonly used in business-to-business transactions, especially when there is a large volume of goods or services being purchased. They are beneficial for buyers as they provide a period of time to pay for the goods, which can help with cash flow management. For sellers, net term accounts can help to establish a good relationship with the buyer and encourage repeat business. However, it is important for sellers to manage their accounts receivable carefully and ensure that payments are received in a timely manner to avoid any negative impact on their cash flow. 

All  payments will be submitted. If payment is unsuccessful collection attempts will continue. 

 Yes, after 3 successful payments all accounts will be reviewed for additional tradeline opportunity. 

 All payments submitted will be reported by the 30th of each month.