Having a history of paying your bills on time, within payment terms.
Absence of bankruptcies or failures that resulted in unpaid bills.
No collections claims for unpaid obligations.
Good references.
Keeping your promises.
Reasonable vs. extended credit terms.
Profitable performance and resulting positive cash flow to repay debts.
Disclosure: willingness to provide business and financial information for vendors to evaluate.
How to improve your credit standing.
Always pay your bills when it’s due. Payment history makes up more than a third of the typical credit score.
Settle collection claims and disputes promptly and fully.
Make sure your understanding and your vendors’ understanding of terms and what constitutes prompt payment is the same.
Help the trade and credit bureaus understand that you are both willing and able to pay by disclosing important information.
When you can’t meet terms, negotiate payment plans that are reasonable, feasible, and do not miss those payments.
Should any difficulty occur, let vendors and credit bureaus know about unexpected circumstances like unemployment, illness, personal or family issues.
Make money your god and it will plague you like the devil. - Henry Fielding quote.
My problem lies in reconciling my gross habits with my net income. - Errol Flynn quote.
A man who pays his bills on time is soon forgotten. - Oscar Wilde quote.
A national debt, if it is not excessive, will be to us a national blessing. - Alexander Hamilton quote.
The easiest way for your children to learn about money is for you not to have any. - Katharine Whitehorn quote.
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