START BUILDING BUSINESS CREDIT (TRADELINES): TIER 1

APPLY WITH 3 TRADE ACCOUNTS

What is a trade account? A trade account (sometimes referred to as a vendor account) is typically a store account. As you set up your accounts with various vendors make sure you are working towards or setting up net terms. Payments on net terms are reported to the business credit bureaus. 

 

When applying for trade accounts make sure you use your correct business information as it matches on all of your business records.

To make sure your vendors report make sure you purchase is over $50. It typically takes 30-90 days to complete this step and for your payments to report on your business credit reports. Continue to search your reports regularly so you are aware when they start reporting.

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

D&B, EXPERIAN, EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

D&B AND EXPERIAN

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 22

FUNDING SPEED:

VARIES

REPORTS TO:

D&B, EXPERIAN AND EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 22

FUNDING SPEED:

VARIES

REPORTS TO:

D & B, EXPERIAN AND EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 22

FUNDING SPEED:

VARIES

REPORTS TO:

D & B, EXPERIAN AND EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 22, NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

D & B, EXPERIAN AND EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

D&B

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

EXPERIAN AND CREDIT SAFE

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

EXPERIAN

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

D&B

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

D&B AND EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

EXPERIAN

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

EXPERIAN

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

REVOLVING

FUNDING SPEED:

VARIES

REPORTS TO:

D&B, EXPERIAN, EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

EXPERIAN

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 22

FUNDING SPEED:

VARIES

REPORTS TO:

D & B, EXPERIAN AND EQUIFAX

COST:

VARIES

Qualifying Factor

RECOMMENDED

TERMS:

NET 30

FUNDING SPEED:

VARIES

REPORTS TO:

EXPERIAN

COST:

VARIES